SEOUL– Roh So-young, wife of SK Group Chairman Chey Tae-won, on Monday filed an appeal against a court’s divorce ruling early this month, demanding half of Chey’s stake in the group’s holding company. The Seoul Family Court on Dec. 6 approved a divorce between Chey and Roh after 34 years of marriage, ordering the … Read more
SEJONG– Corporate retirement pension funds under management expanded 15.5 percent in 2021 from a year earlier, government data showed Monday. Cumulative corporate retirement pension funds stood at 295 trillion won (US$226 billion) as of end-December last year, up 40 trillion won from a year ago, according to the data compiled by Statistics Korea. … Read more
SEOUL– The number of businesses with credit risk ratings has increased this year amid high inflation, fast-rising borrowing costs and worries over an economic slowdown, data showed Monday. According to the data from the Financial Supervisory Service (FSS), 185 firms have been given the two lowest bottom credit ratings of “C” and “D” this … Read more
SEOUL– The upcoming Korean film “Phantom” is a spy thriller set in Seoul in 1933, when Korea was under the brutal Japanese colonial rule, its director said Monday. It revolves around three men and two women who are confined to a remote hotel, who are suspected of being a spy code-named “phantom,” planted in … Read more
SEOUL– North Korea has conducted an “important final-stage” test at its rocket launching facility on putting a military reconnaissance satellite into orbit, with a plan to complete preparations for the project by April next year, according to its state media Monday. The test was conducted at the Sohae Satellite Launching Ground on Sunday mainly … Read more
SEOUL– The state audit agency has decided to look into whether there were illegal acts, such as abuse of power, in the process of the government’s decision to relocate the presidential office and residence, a civic group said Monday. The People’s Solidarity for Participatory Democracy (PSPD) said the Board of Audit and Inspection (BAI) … Read more
SEOUL– South Korean boy group NCT Dream’s special winter EP, “Candy,” has surpassed 2 million copies in preorders, the group’s agency, SM Entertainment, said Monday. A subunit of the K-pop supergroup NCT released the six-track EP digitally Friday and will release it physically later Monday. It marks NCT Dream’s first release since “Beatbox,” … Read more
SEOUL– North Korea is expected to continue to ignore calls for the resumption of denuclearization negotiations next year, while asserting its status as a “nuclear state,” in line with its new policy on the use of nuclear weapons, according to a state-run South Korean think tank Monday. In its report projecting key international relations … Read more