Court issues warrant for ex-national security adviser over slain official case

SEOUL, A Seoul court issued an arrest warrant on Saturday for former National Security Adviser Suh Hoon on charges of irregularities surrounding the 2020 death of a South Korean government official at the hands of North Korea.   Suh is accused of being involved in the previous Moon Jae-in government’s conclusion without sufficient evidence that … Read more

New COVID-19 cases under 60,000 for 3rd day

SEOUL, South Korea’s new COVID-19 cases stayed below 60,000 for the third consecutive day Saturday amid signs that the virus wave may have reached a plateau although concerns linger over a surge in winter.   The country reported 52,861 new COVID-19 infections, including 55 from overseas, bringing the total caseload to 27,261,526, the Korea Disease … Read more

Court denies warrant for Terraform co-founder over cryptocurrency collapse

SEOUL, A Seoul court denied a warrant on Saturday to detain Daniel Shin, co-founder of Terraform Labs, on charges of gaining illegal profits before the massive collapse of the blockchain firm’s cryptocurrencies.   Prosecutors have also sought warrants to arrest three other Terraform Labs investors and four engineers of the firm’s cryptocurrencies — TerraUSD and … Read more

LGES-GM venture to invest additional US$275 mln for Tennessee plant

SEOUL, LG Energy Solution Ltd.’s joint venture with U.S. General Motors Co. will invest an additional US$275 million for their electric vehicle battery plant under construction in the U.S. state of Tennessee.   The additional investment by Ultium Cells LLC will help expand the facility’s output by more than 40 percent, to 50 gigawatt hours … Read more

2.9 magnitude earthquake hits off S. Korea’s southeastern coast: weather agency

SEOUL, A 2.9 magnitude earthquake struck off South Korea’s southeastern coast Saturday, with no damage expected from the tremor, the state weather agency said.   The quake occurred at 1:22 p.m. in waters about 45 kilometers northeast off the coastal city of Ulsan, some 415 km southeast of Seoul, according to the Korea Meteorological Administration … Read more

Shipments of containers, cement recover as truckers’ strike wanes

SEOUL, Shipments from major ports and cement production sites are recovering after days of disruptions over the truckers’ strike, the government said Saturday, as the walkout appears to be losing steam in the face of a tough government stance.   Container shipments from 12 major ports around the country had recovered to 82 percent of … Read more