Author: Seoul Reporter

[ad_1] MANILA, Philippines — Philippine officers stated Thursday the dying toll from widespread flooding and devastation brought on by Storm Kalmaegi within the nation’s central area has risen to at the least 114 with 127 individuals reported lacking, lots of them in a hard-hit province nonetheless recovering from a lethal earthquake.Many of the deaths have been reported within the central province of Cebu, which was pummeled by Kalmaegi on Tuesday, setting off flash floods and inflicting a river and different waterways to overflow, stated Bernardo Rafaelito Alejandro IV, deputy administrator of the Workplace of Civil Protection.Kalmaegi moved away from western…

[ad_1] Buyers are singing together with pleasure. HYBE Corp., the powerhouse behind BTS, has seen its shares soar almost 24% in only a month, pushed by rising optimism over the group’s long-awaited return subsequent 12 months.In line with the Korea Trade on Wednesday, HYBE closed at 332,000 received (about $240), down 2.64% from the earlier session however nonetheless up 23.9% from early October when it traded at 268,000 received. The surge stands in sharp distinction to declines of greater than 10% every at rivals YG Leisure and SM Leisure over the identical interval. Analysts say the rally displays expectations for…

[ad_1] North Korea has held a state funeral for former ceremonial head of state, Kim Yong-nam, attended by the North’s chief Kim Jong-un, state media reported Thursday.The ceremony for Kim Yong-nam, former president of the Standing Committee of the Supreme Folks’s Meeting, befell on the Patriotic Martyrs Cemetery in Pyongyang’s Sinmi-ri the day past, in accordance with the Korean Central Information Company (KCNA).Kim Yong-nam died Monday on the age of 97 from a number of organ failure whereas battling colorectal most cancers. He served in key diplomatic posts spanning the regimes of state founder Kim Il-sung, former chief Kim Jong-il…

[ad_1]   Kang Kyeong-hoon   The writer is a professor of Enterprise Administration at Dongguk College   Korea’s jeonse — a singular housing lease system — relies on a cross-collateral construction hardly ever seen elsewhere. Landlords present their properties as collateral in trade for big deposits, and tenants present the deposits as financing. In financial concept, jeonse features as an environment friendly monetary contract. When people who have no idea one another try and trade giant sums of cash, banks are usually required to mediate and take in credit score dangers. Jeonse bypasses that want.   Whereas the jeonse price-to-sale ratio…

[ad_1] Spotify secured a big milestone this quarter, reaching a complete of 700 million month-to-month energetic customers (MAUs) even after elevating subscription costs in key world markets. The streaming firm introduced its third-quarter earnings on Tuesday (native time), sharing an 11 % year-on-year improve in MAUs to 713 million. The service’s premium subscribers grew 12 % from the earlier 12 months to 281 million. The corporate reported quarterly income of 4.27 billion euros ($4.9 billion), a 7 % rise from the identical interval final 12 months, with working revenue reaching 582 million euros, reflecting a 43 % surge. Its internet…

[ad_1] Members participate in an AI-themed occasion hosted by science YouTuber “Gue-do (orbit)” on the SK AI Summit at COEX in Gangnam-gu, Seoul on Nov. 3. (Photograph courtesy of SK Group) SK Group’s annual synthetic intelligence (AI) occasion SK AI Summit 2025 efficiently gathered a complete of 35,000 contributors, serving as a networking platform for home and worldwide business, academia, and analysis sectors. SK Group introduced on Nov. 5 that the SK AI Summit 2025, held over two days from Nov. 3-4 at COEX in Gangnam-gu, Seoul, attracted 78 corporations and organizations from 8 international locations and…

[ad_1] The brand of OpenAi (Reuters) The month-to-month new set up rely of OpenAI’s generative synthetic intelligence (AI) ChatGPT in South Korea fell under 1 million for the primary time in eight months. In response to Cell Index on Nov. 5, ChatGPT’s new installations final month have been tallied at 943,153. This represents a decline to two-thirds the extent in comparison with the earlier month of September this yr (1,348,320), when new installations dropped under 1 million for the primary time since February, marking an eight-month span. ChatGPT’s home new installations first exceeded 1 million…

[ad_1]   Kim Keon Hee, spouse of former President Yoon Suk Yeol, arrives on the Seoul Central District Courtroom in Seocho District, Seoul, on Sept. 24 for the primary listening to in her trial on fees associated to inventory manipulation involving Deutsche Motors and allegations of receiving valuables from the Unification Church. [JOINT PRESS CORPS]   Kim Keon Hee, spouse of former President Yoon Suk Yeol, has admitted for the primary time that she acquired Chanel purses from a determine linked to the Unification Church shortly after the 2022 presidential election. Her authorized crew mentioned Wednesday that “Kim acknowledges receiving…

[ad_1] Renault Korea and GM Korea are below rising stress to launch new automobiles, as an absence of recent fashions has led to a pointy decline of their gross sales, business knowledge confirmed Wednesday.Each corporations have lengthy been thought of two of the so-called mid-tier automakers in Korea by way of gross sales quantity, however their positions at the moment are being threatened by fast-rising manufacturers like Tesla and strong gross sales efficiency from different standard German luxurious automakers.Renault Korea knowledge reveals it offered 7,201 automobiles final month, down 42.2 % from the earlier 12 months.The sharp gross sales decline…

[ad_1] Greater than half of Koreans mistrust the nationwide pension system, with most respondents viewing present contribution ranges as burdensome and opposing deliberate premium will increase, based on a survey launched Wednesday by the Korea Employers Federation (KEF).Within the survey, 55.7 p.c of respondents mentioned they don’t belief the Nationwide Pension Service, exceeding the 44.3 p.c who mentioned they do by 11.4 share factors.Mistrust was notably pronounced amongst youthful generations, with 69.2 p.c of respondents of their 20s and 74.7 p.c of their 30s saying they don’t belief the nationwide pension system. Solely these of their 50s and older confirmed…