SEOUL– Loan guarantees among affiliates of South Korea’s conglomerates soared this year from a year earlier due to the addition of more large business groups to the corporate watch list, the antitrust regulator said Tuesday.Of 40 conglomerate affiliat…
SEOUL– South Korean stocks advanced for a second consecutive day Tuesday, backed by expectations for strong corporate earnings. The Korean won rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) advanced 28.54 points, …
Britain’s Queen Elizabeth has pulled out of the COP26 conference in Glasgow next week after she was advised by doctors to rest, Buckingham Palace said on Tuesday, in a blow to the United Nations climate summit.A palace source said the decision to not a…
U.S. President Joe Biden on Tuesday rebooted his country’s lapsed relationship with the Association of Southeast Asian Nations by attending the annual meeting of the 10-member bloc virtually and announcing plans to provide up to $102 million to expand …
SEOUL– Ku Hyeon-mo, CEO of KT Corp., apologized Tuesday for the abrupt disruption of network services that crippled businesses across the country earlier this week.On Monday, KT’s wired and wireless network services, including the internet, payment an…
SEOUL– The main opposition People Power Party (PPP) expressed condolences over the death of former President Roh Tae-woo but also promised not to repeat the faults of his political legacy.Roh, who served as president from 1988-93, died Tuesday at 88 a…
SEOUL– Despite a complicated assessment of his political career, the late former President Roh Tae-woo is widely credited for opening a new chapter in South Korea’s diplomatic ties with communist nations under his signature Nordpolitik and laying the …
SEOUL– Former President Roh Tae-woo was accused of deep involvement in a military coup and a brutal crackdown on a pro-democracy civil uprising in the southern city of Gwangju. Ironically, however, he also paved the path to South Korea’s democratic re…