Author: Seoul Reporter

A sixth physique was recovered from beneath a collapsed boiler tower at a thermal energy plant within the southeastern metropolis of Ulsan on Thursday, leaving one employee nonetheless trapped, firefighting authorities mentioned.The physique belonged to a 30-something employee, surnamed Kim, who had been noticed within the particles the identical day the 63-meter tower collapsed final Thursday however was unable to be rescued as a consequence of a mesh of metals that blocked entry.The invention raises the confirmed loss of life toll to 6, with a search nonetheless beneath manner for one employee who has but to be situated.The plant is…

ULLEUNG ISLAND, North Gyeongsang Province — A state-run airport building undertaking on Ulleung Island has reached almost 70 p.c completion this month, however is dealing with sturdy native opposition to its present design.Some native residents are involved that the coastal airport’s 1,200-meter runway is just too brief to make sure flight security, urging the federal government to increase the construction — whose underwater basis, constructed 30 meters beneath sea degree, has already been accomplished. Nonetheless, the Ministry of Land, Infrastructure and Transport has rejected the demand, calling it pointless.The islanders initially welcomed the undertaking when the airport was categorized as…

South Korea has authorised two of its largest securities homes because the nation’s first operators of a brand new investment-banking product designed to channel extra non-public capital into company lending and rising applied sciences.Mirae Asset Securities Co. and Korea Funding & Securities Co. have been designated on Wednesday as the primary securities companies approved to supply funding administration accounts, or IMAs, eight years after the framework was first created.Regulators anticipate every agency to lift greater than 35 trillion received ($24 billion) by means of the brand new platform, increasing the availability of threat capital out there to startups and high-growth…

Light, but uplifting and empowering. These are among the many critiques flooding Chinese language social media after “The World of Love,” a Korean impartial movie directed by Yoon Ga-eun, started making waves internationally.The movie, which opened in Korean theaters in late October, has already garnered vital acclaim overseas, together with in China — a market that has been largely closed to Korean movies and cultural merchandise for a number of years as a consequence of political tensions.A touching and nuanced exploration of resilience and company within the aftermath of trauma, “The World of Love” swept two main awards on the…

North Korea’s committee for press affairs has signed a media cooperation settlement with Russia’s communications and media ministry to strengthen collaboration, the North’s state media reported Thursday.Sin Hong-chol, North Korea’s ambassador to Russia, signed the doc with Bella Cherkesova, deputy minister of Russia’s digital improvement, communications and mass media ministry, on the North Korean Embassy in Moscow on Tuesday, the Korean Central Information Company (KCNA) stated.In a Fb submit, the Russian Embassy in North Korea described the settlement as outlining collaboration within the change of knowledge between state and personal media providers, guaranteeing equal partnership within the mass media subject,…

Two professors at Sejong College not too long ago obtained Korean citizenship via the Ministry of Justice’s A number of Citizenship for Excellent Expertise (MCOT) initiative, which grants citizenship beneath eased necessities to excellent people in fields resembling science, the humanities, sports activities and analysis.This system goals to help world-class students in settling and dealing long-term in Korea by permitting twin citizenship, thereby serving to them contribute to the nation’s growth and innovation panorama.Nguyen Xuan Mung, a Vietnamese-born professor in Sejong College’s Division of Aerospace Engineering, has devoted greater than a decade to advancing analysis and schooling in Korea.“This naturalization…

The annual school entrance examination was held nationwide Thursday with the most important variety of candidates in seven years due partly to an unusually excessive beginning charge in 2007.The Faculty Scholastic Capability Take a look at (CSAT), seen as one of many nation’s most essential educational occasions, started at 1,310 check facilities throughout the nation at 8:40 a.m. and is about to finish at 5:45 p.m.Take a look at-takers arrived at designated facilities amid cheers from their juniors, mother and father and lecturers. Law enforcement officials have been deployed nationwide to assist transport college students and, in some instances, carry…

Lotte Chemical mentioned Thursday it has bought its whole stake in a Pakistani subsidiary for 98 billion gained ($67 million) as a part of its ongoing enterprise reorganization.The corporate bought its 75.01 % stake in Lotte Chemical Pakistan Ltd., a producer of purified terephthalic acid, to PTA International Holdings, it mentioned in a press launch.PTA International Holdings is a particular objective automobile (SPV) established by AsiaPak Investments Ltd., a Pakistani personal fairness fund, and UAE-based petrochemical buying and selling agency Montage Commodities FZCO.Lotte Chemical, the chemical arm of South Korea’s retail conglomerate Lotte Group, mentioned it has secured a complete…

Korea’s fiscal deficit reached over 102 trillion gained ($69.4 billion) within the first 9 months of the 12 months, the finance ministry mentioned Thursday.The managed fiscal steadiness, a key gauge of fiscal well being calculated on stricter phrases, posted a deficit of 102.4 trillion gained within the cited interval, in keeping with knowledge from the Ministry of Financial system and Finance.The determine marks the second largest on file for the January-September interval after that of 2020, in keeping with the ministry.Whole income grew 41.4 trillion gained from the identical interval final 12 months to 480.7 trillion gained. Intimately, tax income…

MPMG, a music and leisure firm, has accused CJ ENM and Mnet of unfair enterprise practices in the course of the manufacturing of the 2022 band competitors program “Nice Seoul Invasion,” claiming it coated all manufacturing prices regardless of the present being broadcast below Mnet’s identify.At a press convention held at MPMG’s headquarters in Seoul on Wednesday, producer Lee Jong-hyun and legal professional Kim Jong-hee stated the corporate determined to reveal the case 3 years after this system ended “to forestall additional injury.” In addition they confirmed {that a} formal criticism had been filed with the Truthful Commerce Fee towards…