People take photos at Ilsan Lake Park in Goyang, Gyeonggi, during the Goyang Autumn Flower Festival on Oct. 1.YONHAP
It's Thursday, and the temperature has really dipped here in Seoul. Here are the stories you need to know in Korea.
In today's news, Korea and the United States announced that they have agreed to begin working on a $50 billion Alaska LNG project, as well as a Texas gas-fired power plant and a nuclear power project.
In other news, we take a deeper look at the dispute between South Korea and Ukraine after President Volodymyr Zelensky revealed the transfer of North Korean POWs to the South at the UN General Assembly. Meanwhile, a Shinhan Bank data breach has leaked the information of approximately 25,000 customers. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Today's top story
KOREA
Seoul, Washington formalize plans for three U.S. investment projects in joint statement
Korea and the United States formalized plans for investment in an Alaskan liquefied natural gas (LNG) project in a joint announcement Thursday, a move widely seen as a concession by Seoul after it had questioned the project’s commercial viability.
In the statement jointly issued by the U.S. Commerce Department and Korea’s Ministry of Trade, Industry and Resources, the two countries agreed to begin a review of the energy initiative that U.S. Commerce Secretary Howard Lutnick expects Korea to contribute over $50 billion to.
Shinhan Bank data breach leaks personal, credit information of 25,000 customers
The CEO vowed to fully compensate affected customers for any losses caused by the leak, which involved personal and credit information such as their names, phone numbers, annual income and calculated loan limits.
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Korea loses remand arbitration in Elliott ISDS case, ordered to pay $48.5 million
The tribunal found a causal link between the government's intervention in the approval of the Samsung C&T and Cheil Industries merger and the losses suffered by Elliott Management, a Samsung C&T shareholder at the time.
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Tom Cruise attends Seoul press conference for 'Digger' — in pictures
Actor Tom Cruise attended a press conference for the film "Digger" at Conrad Seoul in western Seoul on Thursday ahead of its Korean release on Oct. 3. Read more
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Chilliest fall weather yet expected over National Foundation Day weekend
Temperatures in Seoul are forecast to fall to 10 degrees Celsius (50 degrees Fahrenheit) on Sunday morning, with rain also possible around the country. Read more
