SEOUL– South Korea’s antitrust watchdog said Wednesday it plans to relax rules on large business groups under its tight supervision in line with the government’s drive to ease corporate regulations.Under a revised enforcement ordinance to the Fair Tra…
SEOUL– Kakao Games Corp. on Wednesday announced that it will sell shares to raise 196.6 billion won (US$150.1 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.According to a regulatory filing, the company wil…
SEOUL– President Yoon Suk-yeol apologized to the nation Wednesday after heavy rains triggered massive flooding in southern Seoul this week and sparked criticism the capital city lacks adequate flood control measures.Yoon offered the apology during a g…
SEOUL– One of two Seoul residents who went missing after being sucked into a manhole in southern Seoul early this week amid heavy downpours was found dead inside the underground facility, rescue officials said Wednesday.The deceased, known only as a m…
SEOUL– South Korea’s agriculture ministry said Wednesday it plans to sharply increase the supply of key foodstuff ahead of the Chuseok fall harvest holiday set for next month in a bid to help curb inflation in the second half.The government also aims …
SEOUL– An appeals court on Wednesday handed down a reduced jail sentence of 15 years to a man in his 60s for murdering his wife and attempting to kill himself afterward.The husband, whose identity has been withheld, was previously sentenced to 24 year…
SEOUL– The city government of Seoul will no longer give permission to construct basement or semi-basement homes, while pushing to gradually weed out existing subterranean homes, officials said Wednesday.The plan follows the deaths of three family memb…
SEOUL– A man has been arrested on charges of using a 103.9 trillion-won (US$79.26 billion) counterfeit check to pay his debts, police said Wednesday.The Hyehwa Police Station in Seoul said the man in his 60s offered the fake check to his creditor on J…