Author: Seoul Reporter

The chief of the nation’s monetary regulator Thursday urged bank card companies to redouble efforts to guard buyer information, citing a current information breach case.In a gathering with heads of bank card companies and credit score finance corporations, Lee Eog-weon, chairman of the Monetary Providers Fee (FSC), mentioned his company will sternly punish any negligence in shopper safety.His remarks got here as Lotte Card, the nation’s fifth-largest card issuer, in September revealed private information of some 3 million prospects had been leaked in a hacking incident.The FSC earlier warned that it might take stern measures in opposition to any rule…

Korea’s auto exports decreased 10.5 p.c from a yr earlier in October, largely as a result of fewer enterprise days brought on by the prolonged Chuseok vacation, knowledge confirmed Thursday.The worth of outbound shipments of vehicles got here to $5.5 billion final month, in contrast with $6.2 billion the identical month final yr, in keeping with the info from the Ministry of Commerce, Business and Sources.The worth of accrued auto exports from January to October, in the meantime, reached an all-time excessive of $59.6 billion.The ministry mentioned October exports had been weak because of the fall harvest Chuseok vacation that…

The darkish thriller “No Different Selection” received Finest Movie on the forty sixth Blue Dragon Movie Awards on Wednesday, with director Park Chan-wook taking Finest Director and lead actress Son Ye-jin incomes Finest Actress.Primarily based on the 1997 satirical thriller novel “The Ax” by American novelist Donald E. Westlake, the movie follows the story of a determined father of two who wages his personal private battle for survival after shedding his long-time job.It was director Park’s fourth win in the identical class of the pageant. Lee Sung-min received Finest Supporting Actor for his efficiency as a rival to the protagonist.The…

Samsung Show Co., the panel-making arm of Samsung Electronics Co., has gained in a years-long patent combat with China’s BOE Know-how Group, clearing the best way for the South Korean show maker to gather sizable royalty revenue and reinforce its place within the international natural light-emitting diode (OLED) provide chain.The US Worldwide Commerce Fee introduced on Tuesday that Samsung Show and BOE have terminated all litigation after greater than three years of disputes spanning patent infringement, trade-secret misappropriation and proposed import bans on OLED know-how. The ITC, Washington’s watchdog for unfair commerce practices, stated the instances had been withdrawn following…

An advisory committee of the Korea Heritage Service (KHS) expressed robust issues on Thursday over the Seoul Metropolitan Authorities’s plan to construct high-rise buildings close to the historic Jongmyo Shrine.The Cultural Heritage Committee underneath the KHS criticized town’s improvement plan for the Sewun 4 District, positioned throughout from the 14th-century Confucian shrine, describing it as “a transfer that disregards social consensus.”The committee, tasked with finding out and deliberating on issues associated to preservation and administration of cultural heritage websites, stated it’s “following the collection of developments critically.”The committee emphasised it had already reached an settlement with town in 2018, permitting…

SYDNEY — Turkey will host subsequent 12 months’s U.N. local weather summit whereas Australia will lead the convention’s negotiations amongst governments, underneath a compromise deal taking form in talks in Brazil, Australian Prime Minister Anthony Albanese mentioned on Thursday.The annual COP conferences are the world’s important discussion board for driving local weather motion. The compromise would resolve a stand-off between Australia and Turkey over who would stage COP31. Each bid in 2022 to host it and refused to face down.The 2 sides had been now near a deal that might see Turkey internet hosting COP31 as summit president, with a…

The ruling Democratic Get together of Korea (DPK) on Thursday urged North Korea to simply accept South Korea’s proposal for army talks aimed toward clarifying the Army Demarcation Line (MDL) to forestall doable clashes close to the inter-Korean border.The proposal got here as North Korean troopers — together with those that had been armed — have repeatedly, albeit quickly, crossed the MDL whereas working close to the border, comparable to clearing land or laying mines within the buffer zone.”North Korea ought to instantly reply to our calls,” Rep. Kim Byung-kee, the DPK’s ground chief, mentioned throughout a coverage coordination assembly…

GS Caltex, Korea’s second-largest refiner by gross sales, mentioned Thursday it has accomplished building of a serious palm oil refining facility in Indonesia, as the corporate expands its presence within the Asian biofuel market.A gap ceremony for the power, named AGPA Refinery Advanced (ARC), situated in an industrial complicated in Balikpapan, was held Thursday, with attendees together with Hur Sae-hong, chief govt officer (CEO) of GS Caltex, and officers from the Indonesian authorities.With an funding of round 260 billion gained ($177.2 million), the 300,000-square-meter refinery was constructed via a three way partnership with Korea’s POSCO Worldwide.The power can course of…

(Captured from Google web site) Google opened a brand new chapter within the AI supremacy competitors by unveiling its next-generation synthetic intelligence (AI) mannequin Gemini 3 on Nov. 18 (native time). This mannequin is described not as a easy efficiency enchancment, however as an entry into clever brokers the place AI judges like people, reads context, and performs duties autonomously. Concurrently with the announcement, Google made the daring transfer of integrating Gemini 3 into its search service. This represents a direct problem to OpenAI’s ChatGPT, which holds the highest place in AI market share. Sundar Pichai, Google’s chief…

Regardless of Korea’s ongoing field workplace hunch, the forty sixth Blue Dragon Movie Awards supplied a blueprint for survival, proving that a mixture of recent webtoon diversifications and top-tier inventive expertise can nonetheless captivate audiences.Held on Wednesday evening, the Blue Dragon Movie Awards are extensively thought to be being amongst Korea’s most prestigious movie honors.The clearest signal of a breakthrough got here from Naver Webtoon’s video subsidiary Studio N because the studio’s movie “My Daughter is a Zombie” secured the Viewers Alternative Award for Most Fashionable Movie, proving that highly effective authentic content material is displaying a brand new path…