SEOUL– A Seoul court on Tuesday approved SsangYong Motor Co.’s decision to select a local consortium led by chemical-to-steel firm KG Group as the final bidder for the debt-laden carmaker.In the latest auction, the KG consortium beat underwear company…
The justice ministry is conducting a massive personnel reshuffle involving nearly 700 senior-level prosecutors that will go into effect on July 4. In the regular reshuffle, the largest to date, prosecutors with close ties to President Yoon Suk Yeol, wh…
SEOUL– The ruling People Power Party (PPP) on Tuesday called for bipartisan cooperation on developing the country’s semiconductor industry as it launched a special panel on chips.Led by Rep. Yang Hyang-ja, a Samsung Electronics executive-turned-lawmak…
SUWON, South Korea– The prosecution suspended the imprisonment of former President Lee Myung-bak for three months due to health reasons Tuesday, more than a year and a half after the Supreme Court finalized a 17-year sentence for him for corruption.Th…
SEOUL– The main opposition Democratic Party (DP) on Tuesday submitted a request to call an extraordinary session of the National Assembly amid an impasse in negotiations with the ruling People Power Party over how to share parliamentary committees.The…
China appeared to express opposition ahead of South Korean President Yoon Suk Yeol’s participation in the NATO summit in Madrid, Spain, set for Wednesday and Thursday.Remarking on Asia-Pacific countries attending the gathering of the North Atlantic Tre…
SEOUL– South Korea’s military reported 383 additional COVID-19 cases Tuesday, raising the total caseload among its service members to 175,844, the defense ministry said.The new cases included 271 from the Army, 45 from the Air Force, 27 from the Marin…
SEOUL– Seegene Inc., a South Korean molecular diagnostics company, said Tuesday it has developed a diagnostic reagent for the monkeypox virus and plans to supply it to countries where the virus is spreading.Seegene said NovaplexTM MPXV Assay can ident…