SEOUL– JW Pharmaceutical on Thursday announced that it will sell stock to raise 4.4 billion won(US$3.1 million). The proceeds from the stock sale will be used mainly to finance its operations. According to a regulatory filing, the company will issue 142,920 preferred shares at a price of 30,871 won per share. The stock will … Read more
WONJU, South Korea– World No. 2 Atthaya Thitikul grabbed the opening round lead at the lone LPGA stop in South Korea on Thursday with a bogey-free start. The Thai rookie sensation carded a nine-under 63 in the first round of the BMW Ladies Championship at Oak Valley Country Club in Wonju, some 85 kilometers … Read more
SEOUL– The prosecution’s yearlong investigation into alleged corruption in land development projects south of Seoul appears to be heading toward opposition leader Lee Jae-myung’s presidential election campaign funds, political watchers said Thursday. The move appears to be palpable following Wednesday’s detention of a Democratic Party (DP) politician known as one of Lee’s closest aides. … Read more
SEOUL– The labor ministry and police on Thursday raided a bakery affiliate of food and beverage giant SPC Group over the death of a young bread factory worker last week, sources said. The ministry and police sent investigators to the office in charge of the affiliate SPL’s bread factory in Pyeongtaek, 65 kilometers south … Read more
SEOUL– Opposition leader Lee Jae-myung strongly denounced the prosecution’s attempt to raid the headquarters of his Democratic Party as “oppression” of the opposition Thursday and claimed his innocence after a long-time confidant was detained on bribery charges. DP Chairman Lee made the remarks a day after prosecutors apprehended Kim Yong, one of Lee’s closest … Read more
SEOUL– South Korea’s Defense Minister Lee Jong-sup instructed field officers Thursday to employ “ultra-precision” missiles for an “immediate” response in case of a contingency during his inspection of an Army unit, his ministry said. Lee’s visit to the unit of the Army Missile Strategic Command came as Seoul and Washington are striving to sharpen … Read more
SEOUL– Seoul Mayor Oh Se-hoon promoted Seoul’s push to become a global sports city during his dinner with International Olympic Committee (IOC) President Thomas Bach and other international sports leaders Thursday. The dinner took place on the second day of the Association of National Olympic Committees General Assembly in Seoul, South Korea’s capital. … Read more
SEOUL– South Korean President Yoon Suk-yeol spoke by phone with Egyptian President Abdel Fattah El-Sisi on Thursday and discussed promoting bilateral cooperation, Yoon’s office said. Yoon asked for Egypt’s support for South Korean companies’ activity in the country, saying cooperation between the two countries is expanding to various areas, including nuclear power plants and … Read more