Author: Seoul Reporter
The Seoul Reporter is an independent news platform uncovering untold stories from the heart of Korea. Our team of journalists and contributors expose corruption, highlight innovation, and bring unfiltered truth to readers worldwide from Seoul’s power corridors to its underground culture.
Former members of the boy group ZE:A are reuniting on stage, giving longtime followers a cause to have fun.Kevin, Heecheol, Minwoo and Taeheon will maintain the “2025 ZE:A Unit Fanmeeting ‘Again to You’” in Tokyo this December, assembly Japanese followers for the primary time in years.The occasion will happen on Dec. 13 and 14 at DDD Aoyama Cross Theater, with 4 periods scheduled over two days. Ticket reservations opened on Monday and have already drawn sturdy curiosity.In a message to the Hankook Ilbo, the members mentioned, “We completed capturing the poster final weekend. It feels emotional to consider standing on…
The received closed at a seven-month low versus the US greenback on Wednesday in Seoul The South Korean received slid to its weakest stage in seven months on Wednesday, briefly touching 1,470 in opposition to the greenback, as overseas traders pulled funds from native inventory markets and a tumbling Japanese yen dragged regional currencies decrease.The dollar-won alternate fee has returned to ranges seen in the course of the nation’s interval of political turmoil triggered by then-President Yoon Suk Yeol’s short-lived declaration of martial legislation.Financial institution of Korea Governor Rhee Chang-yong cautioned that markets are “overreacting” to exterior uncertainties. He signaled…
CAIRO — The U.N. migration company warned on Tuesday that humanitarian efforts in Sudan’s war-torn North Darfur area would possibly come to a whole halt except quick funding and secure supply of reduction provides are ensured.“Regardless of the rising want, humanitarian operations are actually on the point of collapse,” the Worldwide Group for Migration (IOM) stated in an announcement. It added: “Warehouses are almost empty, help convoys face important insecurity, and entry restrictions proceed to stop the supply of adequate help.”The IOM stated extra funding is required to ease the humanitarian influence of the struggle between the Sudanese military and…
A particular counsel group stated Wednesday it has summoned former President Yoon Suk Yeol to look for questioning later this month in reference to a probe over alleged corruption circumstances involving his spouse, Kim Keon Hee.Particular counsel Min Joong-ki’s group despatched the discover to the top of the Seoul Detention Heart the day past, ordering Yoon to look for questioning at 10 a.m. on Nov. 26, assistant particular counsel Kim Hyeong-geun stated throughout a press briefing.If realized, this may mark the primary look by Yoon since Min’s group launched the investigation into the previous first woman in July.Yoon is accused…
Lotte Insurance coverage has determined to launch a full-scale confrontation with monetary authorities by pursuing authorized motion over the Nov. 5 choice to put the insurer beneath immediate corrective motion, one in every of Korea’s most stringent regulatory measures for monetary establishments, firm officers mentioned Wednesday.The insurer had confronted repeated issues over its monetary stability, prompting the Monetary Companies Fee (FSC) to step in with disciplinary measures. Authorized disputes between monetary establishments, which function beneath strict regulatory oversight, and their supervisory physique are extremely unusual.The immediate corrective motion system was launched in 1997 through the Asian monetary disaster to stop…
A rising variety of retail traders are taking out margin loans and unsecured loans, propelled by the nation’s benchmark KOSPI index surging previous an all-time excessive of 4,200 mark this week, market watchers stated Wednesday.The leverage- and borrowing-fueled rally is stirring concern over heightened volatility, in case of short-term wild swings as a consequence of international capital outflows.Additional advancing the view is the market’s rising dependence on semiconductor giants reminiscent of Samsung Electronics and SK hynix. Overseas holdings in every of the 2 shares stood round close to 50 p.c as of the top of October. Any speedy international sell-off…
The “Chainsaw Man — The Film: Reze Arc” has surpassed 3 million admissions, persevering with its spectacular run in Korean theaters.In line with the KOREA Field-office Info System on Tuesday, “Chainsaw Man — The Film: Reze Arc” drew greater than 3 million viewers as of 11:34 p.m. that day. Since its launch on Sept. 24, the movie has swept theaters, drawing main consideration by exceeding 1 million viewers in 12 days and a couple of million in 24 days.Amongst animated movies launched this yr, it’s the second to surpass the three million mark, proving its sustained recognition. Now coming into…
A senior Korean diplomat has referred to as for worldwide efforts to make sure an efficient implementation of U.N. Safety Council (UNSC) arms embargoes to curb illicit commerce of small arms and light-weight weapons, the overseas ministry stated Wednesday.Second Vice International Minister Kim Jina made the comment throughout a UNSC assembly on small arms management on the U.N. headquarters in New York, voicing issues over such commerce flows contributing to the unfold of armed violence and transnational crimes, and hindering sustainable improvement.Kim underscored the necessity to successfully implement UNSC arms embargoes and handle alternatives and challenges arising from new applied…
KYIV — Ukraine’s justice minister has been suspended from his duties by the federal government amid a wide-ranging corruption probe right into a kickback scheme into the nuclear energy sector.German Galushchenko was power minister till July and a key member of President Volodymyr Zelensky’s authorities. In response to statements by prosecutors, a type of indicted within the probe used his relationship with the then power minister to have interaction in prison actions. He has not been charged.
Controversy over the justice ministry and the prosecution intensified Wednesday as conflicting accounts about alleged ministry strain to dam the attraction of a corruption case linked to President Lee Jae Myung turned the dispute right into a messy blame sport.The justice ministry and the prosecution have come below fireplace after prosecutors determined to not attraction in a high-profile corruption case involving an actual property growth venture in Seongnam from when Lee was the town’s mayor.The choice to not attraction the case has sparked sturdy pushback from throughout the ranks of prosecutors, elevating suspicions that the justice ministry exerted undue strain…