SEOUL– A U.S. nuclear-powered aircraft carrier is scheduled to visit South Korea later this week for its first combined drills with the South Korean Navy near the peninsula in five years, in a show of the allies’ “firm resolve” against North Korean threats, Seoul officials said Monday. The USS Ronald Reagan carrier strike group … Read more
LONDON– South Korean President Yoon Suk-yeol is set to attend the state funeral of Queen Elizabeth II in London on Monday, one of hundreds of world leaders who have gathered here to honor the legacy of Britain’s longest-reigning monarch. Yoon and first lady Kim Keon-hee will attend the funeral service at Westminster Abbey at … Read more
SEOUL– South Korea’s Hyundai Motor Co. on Monday unveiled a hydrogen-powered vehicle based on Italian carmaker IVECO Group N.V.’s DAILY van in their extended commercial car partnership. Hyundai Motor and IVECO debuted the eDAILY hydrogen fuel-cell electric vehicle (eDAILY FCEV) at the IAA Transportation 2022 in Hannover, the world’s largest commercial car exhibition. … Read more
SEOUL– Hanwha General Insurance Co. on Monday announced that it will sell stocks to raise 190 billion won(US$136.3 million). The proceeds from the stock offering will be used primarily to finance its operations. According to a regulatory filing, the company will issue 38 million preferred shares at a price of 5,000 won per share. … Read more
SEOUL– East Asia Holdings Investment Ltd. on Monday announced that it will sell stock to raise 15.1 billion won(US$10.8 million). The proceeds from the stock sale will be used mainly to finance stock acquisition. According to a regulatory filing, the company will issue 72 million common shares at a price of 210 won per … Read more
SEOUL– A lawmaker of the main opposition Democratic Party on Monday proposed a revision bill aimed at allowing decorated pop celebrities, such as K-pop superband BTS, to replace their military duties with alternative service. The bill, the fourth of its kind, mandates pop celebrities, who have received an order of merit from the government, … Read more
SEOUL– South Korean prosecutors said Monday they have requested Interpol’s assistance to trace the whereabouts of Do Kwon, the wanted founder of Terraform Labs accused of fraud following the massive collapse of the firm’s cryptocurrencies earlier this year. The request came after Singapore’s police said Saturday that Kwon was not in the city state, … Read more
SEOUL– Strong winds fanned by Typhoon Nanmadol have toppled trees, caused power outages and turned schools to remote learning in southeastern South Korea, leaving two people injured and hundreds of others evacuated, officials said Monday. This year’s 14th typhoon moved north-northeast from waters 300 kilometers north-northeast of Japan’s Kagoshima at a speed of 20 … Read more