SEOUL– A senior official of Paramount Global, a major Hollywood studio and distributor, said Thursday South Korea is the “perfect place” to start business in the booming Asian streaming market. “South Korea is a vital market for both streaming and subscription business and for the content, that we all know, taking the global stage,” Mark … Read more
SEOUL– A 41-year-old man was sentenced to 25 years in prison Thursday for brutally killing one of his employees by inserting a 70-centimeter rod into the victim’s rectum. The Seoul Western District Court found the man, only identified by his surname Han, guilty of murdering the employee at a children’s gym in Seoul with the … Read more
SEOUL– South Korea’s plan to cut taxes is aimed at supporting private sector-led economic growth, but could conflict with the government’s avowed goal of improving its fiscal health. The tax cuts are mostly made up of corporate and property tax reductions, and are expected to stir controversy over the policy effect as some critics worry … Read more
SEOUL– A 36-year-old man was sentenced to 35 years in prison Thursday for brutally murdering his ex-girlfriend whom he had stalked for months after the couple broke up. Kim Byung-chan was found guilty of stabbing the victim multiple times at her studio apartment in central Seoul in November of last year. He had stalked her … Read more
SEOUL– The Supreme Court on Thursday struck down an eight-year prison term for a woman charged in the mysterious disappearance and deaths of two 3-year-old girls, citing the lack of concrete evidence proving her culpability. The top court sent the case back to the Daegu District Court for a retrial on the grounds that more … Read more
SEOUL– The South Korean box office posted a sharp rise both in monthly revenues and admissions for May thanks to the bullish run by the smash-hit action comedy “The Roundup,” data showed Thursday. According to the monthly report by the Korean Film Council (KOFIC), the local film industry posted a total of 150.8 billion won … Read more
SEOUL– President Yoon Suk-yeol on Thursday named veteran politician Kim Han-gil as the chief of the presidential committee on national unity. Kim, a former leader of the main opposition Democratic Party, served the same job when the panel was created under Yoon’s transition team. The committee will be in charge of handling policies and projects … Read more
SEOUL– First lady Kim Keon-hee was set to visit the widow of former President Chun Doo-hwan at her house in western Seoul on Thursday, officials said. Kim will pay a visit to Lee Soon-ja, Chun’s widow, at around 3 p.m., according to the officials. This is Kim’s third time meeting the wife of a former … Read more