SEOUL– A court on Wednesday began a legal review of the detention of a ranking Democratic Party (DP) official, nicknamed the “right-hand man” of opposition leader Lee Jae-myung, four days after the official was put under pretrial detention on bribery and other charges. The Seoul Central District Court conducted the review of the detention … Read more
SEOUL– SsangYong Motor Co. on Tuesday announced that it will sell stock to raise capital. According to a regulatory filing, the company will issue some 1.71 million common shares at a price of 5,000 won per share. The stock will be sold to the investors that the firm designated. Source: Yonhap News … Read more
SEOUL– Seoul shares spiked by nearly 2 percent Tuesday on the back of a sharp rise in tech and chemical stocks ahead of the U.S. Federal Reserve’s policy meeting this week. The local currency rose against the U.S. dollar. The Korea Composite Stock Price Index (KOSPI) surged 41.61 points, or 1.81 percent, to 2,335.22. … Read more
SEOUL– Seoul Mayor Oh Se-hoon arrived back home Sunday after cutting short his trip to Europe in the wake of the deadly crush in Seoul’s Itaewon district that killed over 150 people. Oh vowed to do everything in dealing with the aftermath, and helping the victims and their families cope with the tragic accident, … Read more
Lisa Cole PETAH TIKVA, Israel and TYSONS CORNER, Va., Oct. 24, 2022 (GLOBE NEWSWIRE) — Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced Lisa Cole as Chief Marketing Officer (CMO). As CMO for the leading global Digital Intelligence provider, Lisa will be … Read more
SEOUL– South Korea’s bourse operator on Monday decided to keep Kolon TissueGene Inc. listed on the secondary KOSDAQ after more than three years of trading suspension of the scandal-ridden drugmaker. The trading of Kolon TissueGene has been suspended since late May of 2019 after the government revoked its permit to sell the gene therapy … Read more
SEOUL– A Seoul court on Thursday recognized the effectiveness of an emergency leadership committee of the ruling People Power Party (PPP), putting a brake on the party’s ousted chair, Lee Jun-seok. The Seoul Southern District Court dismissed three separate injunctions filed by Lee against the PPP’s new emergency leadership committee led by Rep. Chung … Read more
SEOUL– Prosecutors on Monday indicted three key suspects in the Daejang-dong development scandal on additional charges of corruption involving a separate development project, both allegedly linked to opposition leader Lee Jae-myung. The Seoul Central District Prosecutors Office said it indicted Yoo Dong-gyu, former acting president of Seongnam Development Corp., accountant Jeong Young-hak and lawyer … Read more