SEOUL– South Korea’s financial watchdog has ordered Kyobo Life Insurance Co. to pay a fine of 350 million won (US$295,000) for letting its subsidiaries use its brand for free, the company said Friday.The Financial Supervisory Service (FSS) also issued…
SEOUL– This week’s senior-level diplomatic talks between South Korea and China touched on a set of geopolitical issues related to Sino-U.S. relations and the Taiwan Strait, a Seoul official said Friday.On Thursday, Seoul’s Vice Foreign Minister Choi J…
SEOUL– The South Korean stock market continued its winning streak to a fourth session Friday amid eased concerns over the impact of the omicron variant on the global economy. The local currency gained ground against the U.S. dollar.The benchmark Korea…
SEOUL– K-pop superband BTS has become the first international act to be best-selling artist of the year in Japan.According to the annual rankings released by Japanese music tracker Oricon on Friday, the septet placed No. 1 on the total sales by artist…
SEOUL– Samsung Electronics Co. said Friday that it still plans to participate in the Consumer Electronics Show (CES) early next month, even though major brands backed out as the omicron variant of the coronavirus drives a surge in infection cases in t…
SEOUL– South Korea’s government on Friday announced a special pardon for Park Geun-hye, the former president currently serving a 22-year prison term for corruption, saying that pardoning Park would help bolster national unity.Park has been serving a c…
SEOUL– Samsung Electronics Co. said Friday its memory chip complex in the Chinese city of Xi’an went into an emergency mode as the Chinese authorities enforced a lockdown to stem the spread of the coronavirus.The South Korean tech giant said the emerg…
SEOUL– South Korean budget carrier Air Premia Co. said Friday it has opened its first international cargo flight to Singapore to focus on the cargo business amid the COVID-19 pandemic.Air Premia plans to operate the Incheon-Singapore route every Frida…