Author: Seoul Reporter

The principle workplace constructing of the Korea Enterprises Federation in Mapo-gu, Seoul (Picture courtesy of the Korea Enterprises Federation) The Korea Enterprises Federation (KEF) has publicly criticized the federal government’s proposed extension of the authorized retirement age to 65, stating that “solely common employees at giant firms with unions will profit.” The federation proposed post-retirement re-employment and wage system reforms as alternate options to retirement age extension. On Nov. 11, the Korea Employers Federation launched its “Enterprise Neighborhood’s Place on Authorized Retirement Age Extension,” stating that “the 65-year authorized retirement age extension presently proposed by…

WASHINGTON — Former U.S. President Barack Obama has expressed his appreciation to a bunch of Korean Struggle and Vietnam Struggle veterans aboard an “honor flight” forward of Veterans Day, stressing that their sacrifices might be honored “at this time and every single day.”Obama made a shock look in entrance of the veterans on the flight from Madison, Wisconsin, to Washington, based on a video clip that he posted on X on Tuesday. The journey was organized by the Honor Flight Community, a nonprofit group that provides such flights to veterans and their households to honor them.”To all those that bravely…

The annual Faculty Scholastic Means Check (CSAT), seen as one of many nation’s most vital educational occasions, will likely be held nationwide this week, with the variety of candidates rising to a seven-year excessive of over 550,000.The schooling ministry mentioned that this 12 months’s CSAT will likely be held at 1,310 check facilities throughout the nation from 8:40 a.m. to five:45 p.m. Thursday.A complete of 554,174 individuals utilized for this 12 months’s CSAT, marking an on-year improve of 31,504, or 6 %, and the very best whole variety of candidates in seven years, the ministry famous. Highschool seniors and graduates…

ASML Holding NV, the Dutch tech large and sole producer of utmost ultraviolet (EUV) lithography machines on this planet, is predicted to debate methods to strengthen chip expertise collaboration with Samsung Electronics Co. and SK Hynix Inc., the world’s two largest reminiscence chipmakers, throughout CEO Christophe Fouquet’s first go to to Seoul this week.

The brand new system changing carbon dioxide to formic acid (higher proper) and the construction of the developed catalyst (backside). (Analysis determine courtesy of UNIST) UNIST researchers have developed an ultra-low voltage system that converts carbon dioxide into formic acid, a high-value-added chemical. This know-how reduces energy consumption to one-quarter in comparison with present strategies whereas rising manufacturing by almost 3 times, incomes reward for concurrently attaining carbon neutrality and vitality effectivity. The analysis workforce from the Ulsan Nationwide Institute of Science and Expertise (UNIST), together with Prof. Cho Seung-ho from the Division of Supplies…

Korea added greater than 190,000 jobs in October, persevering with an upward development in employment this 12 months, however employment losses continued within the manufacturing and development sectors, in addition to among the many youthful inhabitants, authorities knowledge confirmed Wednesday.The variety of employed individuals stood at 29.04 million final month, up 193,000 from a 12 months earlier, in keeping with the info compiled by the Ministry of Knowledge and Statistics.The rise underscores a continued upward development in employment following a quick decline final December, when the nation recorded a internet lack of 52,000 jobs.The labor market has proven regular restoration…

LG Power Resolution has teamed up with United States startup South 8 to collectively develop space-rated lithium-ion batteries, the Korean battery large mentioned Wednesday.LG Power Resolution and South Applied sciences signed a “strategic partnership for aerospace battery cell analysis and improvement.” The settlement marks LG Power Resolution’s foray into the aerospace battery market, which requires applied sciences that may face up to harsh environments together with excessive low temperatures.Based in 2013, South 8 makes a speciality of electrolyte, a key materials for rechargeable batteries. It was acknowledged as one in all TIME journal’s Finest Innovations of 2024 with its world’s…

Kim Jae-min, a senior designer at Korea Minting and Safety Printing Corp. (KOMSCO), is presenting a solo exhibition that highlights the fragile steadiness between artistry and safety in foreign money design.Titled “Portraits of Objects: Tales of Silent Beings,” the exhibition runs from Nov. 4 to 23 on the Forex Museum of Korea in Daejeon, operated by KOMSCO.This marks Kim’s first solo exhibition after greater than 22 years on the state-run KOMSCO — Korea’s sole producer of banknotes and cash — the place he has mastered the artwork of mixing aesthetic expression with superior anti-counterfeiting applied sciences.“This exhibition originated from my…

Theodore Koenig, chairman, CEO and founding father of Monroe Capital Deglobalization, pushed by commerce protectionism, deregulation and reshoring, is reshaping the funding panorama, with the US present process its most important coverage shift in 4 a long time.Nevertheless, personal credit score stays one of the vital resilient asset courses, providing predictable returns and engaging yields, in addition to inflation hedge, stated Theodore Koenig, chairman and founding father of Monroe Capital.Personal credit score is the quickest rising different asset class, well-positioned to capitalize on tighter financial institution rules and ongoing public market volatility, because of its low correlation with conventional markets.Specifically,…

A particular counsel group detained former Prime Minister Hwang Kyo-ahn Wednesday on fees of inciting an rebellion following former President Yoon Suk Yeol’s imposition of martial regulation.Hwang, who served beneath former President Park Geun-hye, made Fb posts following the martial regulation imposition Dec. 3 to name for the eradication of pro-North Korea forces and people concerned in alleged electoral fraud.He additionally referred to as for the arrest of Nationwide Meeting Speaker Woo Received-shik after which Individuals Energy Celebration chief Han Dong-hoon.Investigators from particular counsel Cho Eun-suk’s group executed a detention warrant for Hwang at his house in Seoul’s Yongsan Ward…