Director of ‘Narco-Saints’ tries to strike balance between true, fictional stories

SEOUL– Yoon Jong-bin is one of the most bankable filmmakers in South Korea with several box-office hits under his belt like the crime drama “Nameless Gangster: Rules of the Time” (2012), the period action thriller “Kundo: Age of Rampant” (2014) and the spy thriller “The Spy Gone North” (2018).   His works are well-known for … Read more

Seoul shares down for 2nd day amid U.S. inflation rout

SEOUL– South Korean stocks closed lower Thursday, paring earlier mild gains, as investors brace for more rounds of rate hikes by the U.S. Federal Reserve after the strong U.S. inflation data. The local currency fell slightly against the U.S. dollar.   After starting a tad higher, the benchmark Korea Composite Stock Price Index (KOSPI) slipped … Read more

China’s top legislator to visit LG’s research hub in Seoul

SEOUL– China’s top legislator, Li Zhanshu, will visit LG Group’s massive research and development (R&D) complex in western Seoul this week, sources said Thursday, as part of his visit to South Korea for meetings with Seoul’s top officials.   Li, China’s third-highest-ranking official and chief of the Standing Committee of the National People’s Congress, is … Read more

BLACKPINK to drop second studio album Friday

SEOUL– BLACKPINK, the world’s biggest girl group, will roll out its second full-length album “Born Pink” on Friday.   “We intended to express the essence of BLACKPINK in this album, as indicated by its title ‘Born Pink’,” member Rose said in a written question-and-answer released by the band’s agency YG Entertainment on Thursday. “I’m confident … Read more

Kbi Dongkook Ind to raise 7 bln won via stock offering

SEOUL– Kbi Dongkook Ind Co. on Thursday announced that it will sell stock to raise 7 billion won(US$5 million). The proceeds from the stock sale will be used mainly to pay off its debts.   According to a regulatory filing, the company will issue some 12.98 million common shares at a price of 539 won … Read more

Opposition leader’s son questioned over gambling, sex purchase allegations

SUWON, South Korea– Police have questioned the elder son of Lee Jae-myung, the chairman of the main opposition Democratic Party (DP), over suspicions raised during the presidential election that he illegally gambled and bought sex services, officials said Thursday.   The 30-year-old son, Dong-ho, has been accused of having illegally gambled on an internet card … Read more