SEOUL– A lax police response to emergency calls on the night of the Itaewon crowd crush came under growing scrutiny and criticism Wednesday following revelations that police snubbed a series of emergency calls about overcrowding in the neighborhood hours before the disaster. The National Police Agency released Tuesday police documents chronicling those reports as … Read more
SEOUL– Kakao Games Corp., the gaming unit of South Korean tech giant Kakao Corp., said Wednesday its third-quarter net profit nosedived 75 percent from a year earlier due to sluggish sales in mobile games and a lack of new products. Kakao Games logged a net profit of 11.3 billion won (US$8 million) on a … Read more
SEOUL– Dongwon Systems Corp. on Wednesday reported its third-quarter net income of 18.8 billion won (US$13.3 million), down 8.7 percent from a year earlier. The company said in a regulatory filing that operating income for the July-September period fell 8 percent on-year to 25 billion won. Revenue increased 22.8 percent to 391.8 billion won. … Read more
SEOUL– President Yoon Suk-yeol condemned North Korea’s latest barrage of missile launches, one of them close to South Korean waters, as a de facto violation of the South’s territory and ordered swift action to make the North pay for the provocations. Yoon also called on the military to be ready against additional and high-level … Read more
SEOUL– Son Heung-min of Tottenham Hotspur was forced to leave his club’s latest UEFA Champions League match early following a collision with an opposing defender. Son was subbed out in the 29th minute of Spurs’ Group D match against Marseille at Stade de Marseille in France on Tuesday (local time), a few minutes after … Read more
SEOUL– North Korea has fired around 100 artillery shells into the East Sea after launching at least 17 ballistic and other missiles within just seven hours on Wednesday, according to South Korea’s military. The Joint Chiefs of Staff (JCS) said the North launched four short-range ballistic missiles (SRBMs) into the Yellow Sea from North … Read more
SEOUL– A special police investigation team raided the Seoul Metropolitan Police Agency, the Yongsan Police Station and six other offices Wednesday as part of an investigation into the bungled police response to the deadly Itaewon crowd crush. The raids came a day after the National Police Agency admitted 11 emergency calls urgently alerting overcrowding … Read more
SEOUL– Seoul stocks ended nearly flat Wednesday as investors remain uncertain over the Fed’s upcoming policy meeting. The local currency fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) inched up 1.65 points, or 0.07 percent, to 2,336.87. Trading volume was moderate at 443.8 billion shares worth 9.4 trillion … Read more