Jeju governor indicted on illegal electioneering, political fund charges

JEJU, South Korea– Prosecutors have indicted Jeju Gov. Oh Young-hun on charges of premature campaigning and illegal political fund acceptance ahead of the June local elections, officials said Wednesday.   Oh was accused of having several civic groups declare support for him during the main opposition Democratic Party’s primary to pick candidates for the June … Read more

LG Chem, Korea Zinc team up for battery components supply in North America

SEOUL– LG Chem Ltd., South Korea’s top chemical producer, said Wednesday it forged a partnership with a major South Korean smelter of nonferrous metals to work together for a stable supply of electric vehicle (EV) battery components in North America.   LG Chem said it signed a memorandum of understanding with Korea Zinc Inc. on … Read more

Prosecutors raid land ministry, CJ affiliate in corruption probe into Moon’s chief of staff

SEOUL– Prosecutors on Wednesday raided the land ministry and an affiliate of CJ Group as part of a probe into corruption allegations involving a former chief of staff under the preceding Moon Jae-in administration.   Prosecutors from the Seoul Central District Prosecutors Office searched the office of the Korea Integrated Freight Terminal Co. and residences … Read more

Rival parties agree to conduct parliamentary probe into Itaewon tragedy

SEOUL– Rival political parties agreed Wednesday to conduct a parliamentary investigation into the Itaewon crowd crush, after the ruling People Power Party withdrew an earlier objection and decided to participate in the probe on the condition that the National Assembly passes the national budget first.   The floor leaders of the PPP and the main … Read more

S. Korea to raise low-rate loan ceiling for Kenya to US$1 bln

SEOUL– South Korea plans to raise the ceiling of its low-interest rate loans to Kenya to US$1 billion to support the African nation’s infrastructure projects, the finance ministry said Wednesday.   South Korea and Kenya have inked an agreement to raise the limit of the Economic Development Cooperation Fund (EDCF) in 2022-26 from the previous … Read more

China says it has ‘open attitude’ to developing cultural exchanges with S. Korea

BEIJING– China maintains an open attitude in terms of its people-to-people and cultural exchanges with South Korea, Beijing’s foreign ministry said Wednesday, following a recent lifting of a ban placed on Korean cultural content over the deployment of a U.S. missile defense system in the South.   South Korea’s presidential office said Tuesday China has … Read more