SEOUL– South Korea’s financial regulator vowed Thursday to work hard to maintain stability in local financial markets by “preemptively” and “cooperatively” responding to any destabilizing factors. Lee Bok-hyun, head of the Financial Supervisory Service (FSS), said his agency will execute “stress test” on financial firms as part of risks management amid mounting financial market … Read more
INCHEON– “Squid Game” creator Hwang Dong-hyuk received a warm welcome upon his return to South Korea on Thursday after winning the country’s first prize at the Emmy Awards. He arrived at Incheon International Airport in Incheon, 40 kilometers west of Seoul, along with “Squid Game” actors Jung Ho-yeon and Park Hae-soo, with about 100 … Read more
SEOUL– Police have arrested a 31-year-old subway station worker for killing a female colleague in the public restroom of a subway station in Seoul, one day before a court was set to sentence him on charges of stalking her. The Seoul Metro employee, surnamed Jeon, allegedly stabbed the victim in her 20s to death … Read more
SEOUL– A senior South Korean diplomat will visit the United States next week, the foreign ministry said Thursday, in a diplomatic effort to address concerns over a new U.S. law excluding electric vehicles made outside of North America from tax benefits. Second Vice Foreign Minister Lee Do-hoon is set to visit New York and … Read more
SEOUL– The minor progressive Justice Party (JP) proposed a bill Thursday that would limit companies from filing compensation suits against labor unions for losses incurred during strikes. Under what is dubbed the “yellow envelope bill,” companies would be banned from filing lawsuits against labor unions and unionized workers for damages caused during collective action … Read more
SEOUL– The South Korean football governing body said Thursday it has submitted its final candidature file for Asia’s top tournament. The Korea Football Association (KFA) said the bid file for the 2023 Asian Football Confederation (AFC) Asian Cup includes the government guarantee and contracts on use of match stadiums and practice facilities. South Korea … Read more
SEOUL– Prosecutors asked the foreign ministry Thursday to invalidate the passports of Do Kwon, the CEO of Terraform Labs, and four others as part of a probe into the massive collapse of the firm’s cryptocurrencies in May, sources said. The blockchain firm has been under investigation for alleged fraud and tax evasion after investors … Read more
SEOUL– China’s top legislator, Li Zhanshu, arrived in South Korea on Thursday for meetings with President Yoon Suk-yeol and National Assembly Speaker Kim Jin-pyo amid speculation he could discuss the possibility of President Xi Jinping visiting South Korea. Li, China’s third-highest-ranking official and chief of the Standing Committee of the National People’s Congress (NPC), … Read more