Author: Seoul Reporter

[ad_1] Prime Minister Kim Min-seok on Sunday instructed the Seoul metropolis authorities to conduct a joint probe with the inside ministry right into a latest river bus accident and draw up essential security measures.On Saturday, one of many boats that run on the water bus service alongside the Han River got here to a cease close to a dock in southeastern Seoul whereas passing via shallow waters. All 82 passengers aboard had been safely rescued by police and fireplace authorities.Kim expressed grave issues over the general security of the service, together with whether or not the Seoul metropolis authorities had…

[ad_1] The USA’ chief of naval operations visited the shipyards of HD Hyundai and Hanwha Ocean on Saturday to test the highest Korean shipbuilders’ capabilities and potential on strengthening the U.S. Navy’s battleships and naval fleet.Admiral Daryl Caudle’s go to got here after the Korean authorities in July proposed what it referred to as “make American shipbuilding business nice once more” (MASGA), a $150 billion funding through which Korean corporations will help in reviving the American shipbuilding business. MASGA performed a key function in serving to to finalize the 2 nations’ negotiations concerning the U.S. tariffs, which had lasted for…

[ad_1] BELEM, Brazil — Some wore black attire to suggest a funeral for fossil fuels. Lots of wore crimson shirts, symbolizing the blood of colleagues combating to guard the atmosphere. And others chanted, waved enormous flags or held up indicators Saturday in what’s historically the most important day of protest on the midway level of annual United Nations local weather talks.Organizers with booming sound techniques on vans with raised platforms directed protesters from a variety of environmental and social actions. Marisol Garcia, a Kichwa girl from Peru marching on the head of 1 group, stated protesters are there to place…

[ad_1] Seoul’s Hangang Bus service got here to an abrupt halt once more when one in all its vessels ran aground 118 meters from Jamsil dock on Friday night. The incident befell lower than two weeks after resuming operations following a monthlong service suspension attributable to repeated breakdowns.The hybrid-powered ferry, carrying 82 passengers, stopped after hanging the riverbed at 8:15 p.m. All aboard had been safely evacuated inside an hour by hearth and police rescue groups. No accidents had been reported.Metropolis officers, led by Park Jin-young, head of Future Han River Headquarters, defined that the ferry’s propeller and protecting skeg…

[ad_1] Monetary promotions associated to the nationwide faculty entrance examination are largely absent this 12 months in comparison with earlier years, when firms rolled out a wide range of occasions akin to particular high-interest financial savings merchandise and card advantages, trade officers mentioned Sunday.Among the many nation’s main bank card issuers — Shinhan, Woori, Samsung, Lotte, Hana, Hyundai, NH NongHyup, BC and KB Kookmin — solely KB Kookmin Card is working a devoted promotion for takers of the Faculty Scholastic Capacity Check (CSAT), held nationwide final Thursday.Kookmin Card’s occasion, which runs till Dec. 12, targets debit card customers aged 18…

[ad_1] For the various aspiring authors in Korea who dream of changing into bestselling writers, not to mention Nobel laureates like novelist Han Kang, creator Kim Ho-yeon supplied a dose of realism.“It’s essential discover ways to dwell a frugal life,” stated Kim, creator of worldwide bestseller “The Second Likelihood Comfort Retailer,” throughout a e book speak at Mapo Central Library in Seoul on Friday. “Till you change into well-known, you typically don’t earn a lot, so it’s a must to be taught to spend much less.”Since 2021, “The Second Likelihood Comfort Retailer” has bought greater than 2 million copies in…

[ad_1] Korea’s plan to construct its first nuclear-powered submarine marks a step towards broader regional obligations for Seoul, notably in countering China, U.S. Chief of Naval Operations Adm. Daryl Caudle mentioned, Friday.The admiral described Washington’s dedication to assist the submarine acquisition as a historic milestone, whereas noting that such capabilities carry heightened strategic expectations for Seoul.”The distinction between a rustic with a nuclear-powered submarine and a standard energy is critical. As soon as obtained, [Korea] might be having a submarine that actually is worldwide deployable,” he mentioned throughout a press convention in Seoul.The occasion happened throughout Caudle’s first go to…

[ad_1] Korea’s mortgage charges have rebounded to the 6 % vary for the primary time in two years amid an increase in market rates of interest, prompting banks to additional tighten new house loans beneath stricter lending laws, monetary sources mentioned Sunday.Fastened-rate mortgage loans on the nation’s 4 main lenders — KB Kookmin, Shinhan, Hana and Woori — primarily based on five-year financial institution bonds stood at 3.93-6.06 % as of Friday, in response to the sources.It marks the primary time since December 2023 that hybrid mortgage charges on the 4 lenders have reached the 6 % vary. Each the…

[ad_1] Functions for vouchers offered to pregnant ladies elevated 8.1 p.c from a 12 months earlier within the first 9 months of this 12 months, knowledge confirmed Sunday, in a potential signal of a continued rebound within the variety of newborns in a rustic dealing with one of many world’s lowest beginning charges.The variety of purposes for such vouchers totaled 257,761 within the January-September interval, in contrast with 238,507 in the identical interval final 12 months, in accordance with the info by the Nationwide Well being Insurance coverage Service.Whereas the determine doesn’t precisely align with the variety of childbirths, partly…

[ad_1] Gross sales of mini automobiles by Korea’s 5 automakers are anticipated to stay under 100,000 items for a second consecutive yr in 2025, trade information confirmed Sunday, amid an absence of recent fashions and shifting client preferences.From January to October, the 5 carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Korea Motors and KG Mobility Corp. — offered a mixed 60,004 mini automobiles, down 27.3 p.c from 82,485 items a yr earlier, in accordance with their gross sales information.If the development continues, annual mini automotive gross sales are anticipated to return in at round 70,000 items…