Over 200 midsized firms became large conglomerates in 2021: data

SEOUL– A total of 205 medium-sized companies grew to earn the status of large conglomerates last year on rising sales and profits amid an economic recovery, government data showed Tuesday. Leading container shipper HMM Co., energy firm OCI Company Ltd. and 203 other midsized, high-potential companies were classified as large conglomerates in 2021, as their … Read more

Hyundai unveils design of all-new Kona ahead of launch

SEOUL– Hyundai Motor Co. on Tuesday unveiled the design of the all-new Kona subcompact SUV ahead of its domestic launch early next year. The new Kona is the second-generation model after the first version was launched in June 2017, the company said in a statement. It will be available in four variants — all-electric, gasoline-powered, … Read more

Audit agency mulling probe into former Moon aide over alleged statistics distortion

SEOUL, The state audit agency is considering questioning a former presidential economic aide as part of an inspection into alleged distortion of economic statistics by the previous government, officials said Saturday.   The Board of Audit and Inspection (BAI) has been probing government agencies since late September over allegations that the Moon Jae-in administration tweaked … Read more

S. Korea’s COVID-19 cases above 60,000 for 5th day

SEOUL, South Korea’s new COVID-19 cases remained above 60,000 for the fifth straight day Saturday amid concerns of a surge in cases during the winter season.   The country reported 66,930 new COVID-19 infections, including 56 from overseas, bringing the total to 28,129,431, the Korea Disease Control and Prevention Agency (KDCA) said.   It marks … Read more

Cellebrite Signs an Over $10 Million Deal with Major West European National Police Force; Marking One of the Largest Digital Intelligence Deals Ever and Further Validating Digital Intelligence as Essential Accelerator for Investigations

The police force will combine Cellebrite’s Pathfinder with existing Cellebrite collect & review solutions to maximize efficiency and resources; also set to provide advanced training PETAH TIKVA, ISRAEL and TYSONS CORNER, Va., Dec. 12, 2022 (GLOBE NEWSWIRE) — Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and … Read more

Antitrust regulator calls for Apple to faithfully implement voluntary corrective measures

SEOUL– South Korea’s antitrust regulator called Monday for Apple Inc. to faithfully implement its projects worth 100 billion won (US$763 million) to support local developers as part of a deal to address the company’s alleged violation of competition law.   Apple kicked off an application developers’ academy in South Korea after the U.S. tech giant’s … Read more

Special parliamentary committee meets with families of Itaewon tragedy victims

SEOUL– A special committee on parliamentary investigation into the Itaewon crowd crush met with some of the families of the victims Thursday and vowed to uncover the truth of the disaster and seek accountability of those responsible.   The main opposition Democratic Party (DP) members of the committee held their first meeting with the bereaved … Read more