SEOUL– An executive at a company closely connected with the crypto exchange Bithumb was found dead at his home Friday while under a prosecution probe on embezzlement and stock market manipulation suspicions involving the chief of the firm’s parent company. The vice president of Vidente Co., surnamed Park, was found dead in front of … Read more
SEOUL– The South Korean Navy decommissioned eight warships Friday after more than three decades of service for maritime defense, its officials said, highlighting a plan to replace them with more advanced vessels. The armed service held decommissioning ceremonies in naval bases in Jinhae, 312 kilometers southeast of Seoul, and Pyeongtaek, 65 km south of … Read more
SEOUL– Industry Minister Lee Chang-yang vowed Friday to make all-out efforts to boost exports and investment and to ensure energy security next year amid multiple global economic headwinds. He made the pledge in his message for the new year, saying that weaker global demand, heated competition and geopolitical uncertainties stemming from the Russia-Ukraine war … Read more
SEOUL– Park Ji-won, CEO of South Korean entertainment company Hybe, and Hwang Dong-hyuk, writer-director of the hit Netflix series “Squid Game,” have been included on the U.S. entertainment magazine Variety’s annual list of the 500 most influential business leaders shaping the global media industry. According to the Variety500 released Thursday (U.S. time), the two … Read more
SEOUL– Prime Minister Han Duck-soo on Friday instructed the finance ministry to come up with supplementary measures on a tax code revision, as the revised tax code fell short of the government’s initial plan. “It is very regrettable that the contents of the government’s original plan were not fully reflected in the parliamentary deliberation … Read more
SEOUL– K-pop powerhouse YG Entertainment will unveil its first new girl group since the debut of BLACKPINK seven years ago, the agency said Friday. It released a poster showing the silhouettes of seven girls, with the title “YG Next Movement” along with the date, Jan. 1, 2023. The agency confirmed that the seven … Read more
SEOUL– A Seoul court on Friday acquitted the chief of a local asset management firm indicted on charges of selling fraudulent funds worth 134.8 billion won (US$107.1 million) and causing huge losses to customers. The Seoul Southern District Court delivered a not guilty verdict for Jang Ha-won, saying it has not been proven beyond … Read more
SEOUL– South Korean Foreign Minister Park Jin on Friday met with the head of Japan’s Komeito Party, the junior party in Tokyo’s ruling coalition, in Seoul to exchange views on the neighboring countries’ bilateral ties, Seoul’s foreign ministry said. In his meeting with Natsuo Yamaguchi, Park evaluated that the two summits between South Korea … Read more