Author: Seoul Reporter

[ad_1] Korean shares plunged practically 4 % Friday, snapping a four-day profitable streak, as dwindling hopes for a near-term fee reduce prompted a promoting spree. The Korean received rose sharply towards the U.S. greenback.The benchmark Korea Composite Inventory Value Index (KOSPI) sank 159.06 factors, or 3.81 %, to 4,011.57.Commerce quantity was average at 396.5 million shares value 17.9 trillion received ($12.3 billion). Losers outnumbered winners 717 to 169.Foreigners and institutional buyers have been web sellers, every offloading 2.4 trillion received and 900.2 billion received value of shares, respectively. In distinction, retail buyers turned web patrons after 4 consecutive classes of…

[ad_1] South Korean President Lee Jae Myung stated on Friday that the US has agreed to help Seoul’s long-held pursuit of nuclear-powered submarines and expanded authority over nuclear gasoline processing as the 2 international locations launched the ultimate outcomes of their commerce and safety settlement signed final month.In a Joint Truth Sheet launched on Friday, the 2 governments additionally dedicated to exploring measures that will allow not solely US business vessels, but additionally US Navy ships to be inbuilt South Korea, a possibility that might generate a market price a number of billion {dollars} yearly.”The US has given approval for…

[ad_1] AL-MUGHAYYIR, West Financial institution — For Palestinian farmers within the occupied West Financial institution, the annual olive harvest has develop into a time of terror.A lot of these working the fields this fall hold one eye on the highway, in case Israeli settlers descend from the hilltops to assault. In a single assault, a 54-year-old Palestinian girl was clubbed unconscious. In one other, a 50-year-old man was overwhelmed so badly that he was unable to flee his automotive, which was set ablaze. On Tuesday, two weeks on, he was nonetheless within the ICU. [ad_2]

[ad_1] Appearing Prosecutor Normal Noh Man-seok gave no clarification for the prosecution’s controversial resolution to not enchantment a land improvement corruption case linked to President Lee Jae Myung as he departed the prosecution Friday.Noh spoke at his retirement ceremony on the Supreme Prosecutors Workplace, two days after he supplied to resign amid fierce inner backlash over his function in dropping the enchantment, which critics allege was a results of authorities interference.Although there have been expectations Noh would tackle the controversy in his retirement speech, he didn’t provide any particulars, besides to counsel there was a scarcity of communication with the…

[ad_1] YEONGJONG ISLAND, Incheon — Mercedes-Benz Korea, Friday, showcased its upcoming all-electric automobile (EV) lineup throughout its Future Technique Convention. The EVs are set to debut within the nation beginning in 2026. The lineup features a sedan, SUV, high-performance automotive and a van.The all-new electrical CLA sedan and the all-new electrical GLC SUV — two strategic automobiles that can spur EV gross sales progress for Mercedes-Benz Korea — shall be out there on the market as early as 2026.The carmaker additionally launched its CONCEPT AMG GT XX high-performance four-door automobile that includes hyper-fast charging. It’s powered by three axial-flux motors…

[ad_1] Lunar exploration robotic Rover geared up with LG’s digicam module, battery cell, and antenna for communication module (Picture courtesy of Unmanned Exploration Analysis Institute) LG Group will independently develop a CubeSat (auxiliary satellite tv for pc), an ultra-small synthetic satellite tv for pc, with the purpose of launching it in 2028. It plans to consolidate the part know-how capabilities in communication modules, cameras, and batteries that the group has amassed to find new enterprise alternatives within the personal area business. LG Group and the Korea Aerospace Administration held the Korea Aerospace Administration-LG Assembly on the important workplace…

[ad_1] South Korea’s renewed drive to amass nuclear-powered submarines might probably have an effect on the current thaw in relations with China, analysts stated at a discussion board on Korea-China relations in Seoul earlier this week.The USA gave South Korea an unprecedented inexperienced gentle to develop nuclear-powered submarines following a summit final month between President Lee Jae Myung and U.S. President Donald Trump on the sidelines of the Asia-Pacific Financial Cooperation (APEC) conferences. In a discussion board organized by the Seoul-based Institute for International Technique and Cooperation and the Beijing-based International Governance Establishment, specialists hailed the constructive momentum for bilateral…

[ad_1] Police mentioned Friday they requested a warrant to arrest a truck driver accused of inflicting a lethal crash in a conventional market close to Seoul the day gone by that killed two folks and injured 19 others.The accident occurred at Jeil Market in Bucheon, Gyeonggi Province, late Thursday morning, when the 67-year-old driver’s 1-ton truck plowed by way of the market’s slim passage for greater than 130 meters. Of the 21 casualties, solely two are market distributors, and the remaining 19 are prospects.The truck was discovered to have reversed 1 to 2 meters earlier than dashing 132 meters down…

[ad_1] President Xi Jinping of China laughs whereas a bit of paper held up by President Donald Trump of the USA throughout their summit held in Busan, South Korea, on Oct. 30, 2025. (courtesy of the White Home) By Park Min-hee, senior inter-Korean affairs and diplomacy authorThroughout his journey to Korea for the Asia-Pacific Financial Cooperation discussion board final month, US President Donald Trump portrayed himself as somebody thirsty for the throne. Grinning smugly upon receiving a duplicate Silla-era golden crown from South Korean President Lee Jae Myung, Trump jetted off again to the US, crown in tow, as soon…

[ad_1] Hyundai Motor Group, the world’s third-largest automaker with 7.23 million autos offered final yr, will make investments 4 trillion received ($2.7 billion) to construct an electric-vehicle mom plant in South Korea, a flagship facility that Seoul sees as important to safeguarding the nation’s EV manufacturing base whereas increasing industrial partnerships with native battery makers and suppliers. [ad_2]