WONJU, South Korea– On the heels of a top-three finish at a domestic tournament earlier this month and a solid opening round at an LPGA stop on home soil Thursday, former world No. 1 Park Sung-hyun said she feels like she is rounding into form, if ever so slowly. Park shot a three-under 69 … Read more
SEONGNAM, South Korea– Prosecutors on Thursday raided software maker Hancom and the home of its chairperson, Kim Sang-chul, on suspicions he manipulated the price of the firm’s cryptocurrency Arowana and created slush funds, officials said. The Gyeonggi Nambu Provincial Police Station sent investigators to Hancom’s headquarters in the city of Seongnam, just south of … Read more
SEOUL– South Korea is “positively” considering co-sponsoring a U.N. resolution condemning North Korea’s grave human rights conditions after refraining from doing so for years under the preceding liberal administration, according to Seoul’s foreign ministry Thursday. “Our government is proactively participating in consultations on the North Korean human rights resolution being deliberated at the U.N.,” … Read more
SEOUL– South Korea’s Army said Thursday it is pushing to acquire an advanced interception system to defend against evolving missile and artillery threats from North Korea. It unveiled the plan for the acquisition of the low altitude missile defense-II (LAMD-II) system that is intended to shoot down North Korea’s new ballistic missiles, such as … Read more
SEOUL– South Korea’s bourse operator said Thursday it signed a memorandum of understanding (MOU) with internet portal giant Naver Corp. to invigorate the English public disclosures by listed firms here. The Korea Exchange (KRX) said artificial intelligence technology and Naver’s translation service “Papago,” will be utilized in providing English disclosure by listed firms. … Read more
SEOUL– South Korea’s new COVID-19 cases continued to stay below 30,000 Thursday as the country’s virus curve has moved down in recent months. The country reported 25,431 new COVID-19 infections, including 53 from overseas, bringing the total caseload to 25,219,546, the Korea Disease Control and Prevention Agency (KDCA) said. Thursday’s figure is down … Read more
SEOUL– South Korean stocks retreated for a second straight session Thursday, as investor sentiment worsened on concerns about aggressive rate hikes. The Korean won fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) declined 19.35 points, or 0.86 percent, to close at 2,218.09 points. Trading volume was moderate at … Read more
SEOUL– The office of President Yoon Suk-yeol said Thursday it will disclose the entirety of an economic meeting to be presided over by Yoon next week in a departure from similar meetings in the past. Yoon launched the emergency economic and public livelihood meeting in July to address various economic challenges facing the country. … Read more