Kakao's legal risk intensifies over alleged stock manipulation

Kim Beom-su, the founder of tech giant Kakao Corp., the operator of South Korea's top mobile messenger, was summoned by prosecutors Tuesday to address allegations of stock price manipulation related to Kakao's acquisition of K-pop megacorp SM Entertainment last year. The Financial Investigation Division 2 of the Seoul Southern District Prosecutors' Office called in Kim earlier in the day and said it was investigating him for alleged violations of the Financial Investment Services

IndustryJuly 9, 2024

French voters deliver win for the left, blow for Le Pen

PARIS -- France faced potential political deadlock after elections on Sunday threw up a hung parliament, with the left alliance unexpectedly taking the most seats but no group winning a majority. Voters delivered a major setback for Marine Le Pen's nationalist, euroskeptic National Rally, which opinion polls had predicted would win the second-round ballot but ended up in the third spot, according to pollsters' projections. The results were also a blow for centrist President Emmanuel Macron, who

World NewsJuly 8, 2024

1 in 5 S. Korean women threatened with sexual extortion: study

  An international study claims that one in five women in South Korea has faced threats of intimate images of them being released, the highest share among the 10 countries surveyed. According to recently released research conducted by RMIT University based in Melbourne, Australia in partnership with Google, which surveyed 16,693 adults across 10 countries, including 1,641 from S. Korea, 19.1 percent of South Korean women reported being victims of sexual extortion. The study defined sexual e

Social AffairsJuly 7, 2024

[Exclusive] US troops in S. Korea could be reduced, but not withdrawn, Trump allies tell Seoul lawmaker

Rep. Wi Sung-lac, Seoul’s former ambassador to Russia and a Democratic Party of Korea lawmaker, said Thursday some key Donald Trump allies have told him they think US troops in South Korea could be reduced -- although not completely withdrawn -- if the former president wins in November. The first-time lawmaker, who visited the US from June 23 to 29 as part of the Democratic Party delegation, said he spoke with Donald Trump 2024 presidential campaign officials and allies -- including Newt G

PoliticsJuly 5, 2024

[From the Scene] Eurasian titans gather in Astana for growing regional summit led by Putin, Xi

ASTANA, Kazakhstan -- The leaders of Eurasian titans convened in Astana on Thursday for the Shanghai Cooperation Organization summit, spearheaded by China and Russia as they aim for a multipolar world order, while ceremoniously welcoming Belarus as the newest member of the SCO. Hosted by Kazakhstan, the summit spotlighted a growing alignment among members of the economic, defense-oriented and security bloc — many of which oppose a West-led global order — amid escalating geopolitical

Foreign AffairsJuly 4, 2024

Support for borderline intelligent people introduced

South Korea unveiled measures to tackle the welfare blind spots of people with borderline intellectual functioning on Wednesday, the government's first comprehensive plan to support the group, who are estimated to make up 13.59 percent of the total population. Deputy Prime Minister and Minister of Education Lee Ju-ho addressed the importance of identifying people with borderline intellectual abilities at the sixth Social Affairs Ministers' Meeting at Government Complex Seoul. He pointe

Social AffairsJuly 3, 2024

Deadly car accident reignites debate over senior drivers

The deadly car accident that left nine people dead in Seoul Monday night has rekindled debate over whether the government should revisit a conditional driver's license system for older driver, which it shelved in May amid public backlash over potential infringement of the human right to mobility for older people. As of now, it is unclear how a car driven by a 68-year-old man came to plow into pedestrians near Seoul City Hall. The driver claimed the vehicle suddenly accelerated not due to hi

Social AffairsJuly 2, 2024

How Putin-Kim summit tips South Korea’s balance on Ukraine

Russian President Vladimir Putin signing a defense treaty with North Korean leader Kim Jong-un has South Korea rethinking its stance on arming Ukraine. Through nearly 2 1/2 years of Russia’s grinding war in Ukraine, Seoul has not strayed from its policy of “nonlethal aid only” to Kyiv over two administrations, both liberal and conservative. That may change now that Putin has committed to fight on Kim’s side in the event of an invasion under the new military pact signed du

PoliticsJuly 1, 2024

How Democrats could replace Biden as presidential candidate

After President Joe Biden's shaky performance at the debate with former President Donald Trump on Thursday night, some Democrats openly questioned whether he should be replaced as their candidate for the 2024 election. There is a process for doing so, but it would be messy. For answers on how that would work, Reuters spoke to Elaine Kamarck, a senior fellow at the Brookings Institution think tank, a Democratic National Committee member, and author of the book "Primary Politics" ab

World NewsJune 30, 2024

[What to Watch] Three feel-good movies at theaters perfect for rainy season

As the country enters the monsoon season which typically lasts from late June to early August, watching feel-good, relaxing films at a cinema while there is heavy rain outside makes for a perfect weekend activity. According to the weather forecast, the rains will start his weekend and continue throughout next week and the following three movies currently playing or soon to be released at the cinema will keep you dry and put you in a tender state of mind. “Dauren’s Wedding”

FilmJune 29, 2024

[From the Scene] Soar over Seoul: First balloon ride ready to take off for aerial tour

On top of a grass field at Yeouido Park near Yeouido, western Seoul sits a large white balloon, with the city’s slogan “Seoul My Soul” written on it. However, this isn’t just any balloon. Also known as “Seouldal” -- “dal” meaning moon in Korean -- it is a tethered helium balloon ride that the Seoul Metropolitan Government hopes will become a new nightlife attraction offering views of the cityscape from high in the air. Seouldal is ready to take peo

Social AffairsJune 28, 2024

Fatal fire at lithium battery plant exposes 5-year oversight lapse

Aricell, a lithium battery plant that recently experienced a fatal fire resulting in 23 deaths, had not undergone any government industrial safety inspections in the past five years, despite the hazardous nature of the materials it was using, according to the Ministry of Labor and Employment. Data obtained by Democratic Party lawmaker Park Hae-cheol from the Ministry of Labor and Employment confirms that no government industrial safety inspections or supervision had been conducted at Aricell in

Social AffairsJune 28, 2024

SK Bioscience to acquire German contract manufacturer IDT Biologika for W339b

South Korean biotech firm SK Bioscience is to acquire the German CDMO-specializing company IDT Biologika at 339 billion won ($244 million) to further sharpen and diversify its pipeline for global markets. IDT Biologika is among the top 10 global vaccine contract manufacturers, with a corporate value of some 656 billion won, according to SK Bioscience. "We are confident that our comprehensive process development capacity, which we take immense pride in, will have high synergies with IDT's st

IndustryJune 27, 2024

Battery plant blaze reveals irregularities in hiring of foreign workers

The massive fire at a lithium battery factory in Hwaseong, Gyeonggi Province, on Monday has shed light on the irregularities in the hiring system for workers of foreign nationality here, with local employers suspected of abusing loopholes in the labor law for their benefit, to cut costs while avoiding responsibility. Local battery manufacturer Aricell, the operator of the plant, where the deadly fire killed 23 people, among which 18 were foreign national workers, was later found not to be even a

Social AffairsJune 26, 2024

S. Korea unlikely to grant temporary K-ETA exemption to Thailand

An official from the Ministry of Justice said Tuesday that it would be “difficult” to temporarily waive travelers from Thailand from the requirement to obtain travel authorizations before entering the country. The official’s remarks follow the Ministry of Culture, Sports and Tourism’s request to the Justice Ministry to temporarily exempt Thailand from the country’s electronic travel authorization system K-ETA, at least until the end of this year, as the number of Th

Social AffairsJune 25, 2024

Death toll at Hajj pilgrimage rises to 1,300 amid scorching heat

CAIRO (AP) -- More than 1,300 people died during this year’s Hajj pilgrimage in Saudi Arabia as the faithful faced extremely high temperatures at Islamic holy sites in the desert kingdom, Saudi authorities announced Sunday. Saudi Health Minister Fahd bin Abdurrahman Al-Jalajel said that 83 percent of the 1,301 fatalities were unauthorized pilgrims who walked long distances in soaring temperatures to perform the Hajj rituals in and around the holy city of Mecca. Speaking with the state-ow

World NewsJune 24, 2024

Korea is having its hottest June ever now: weather agency

It’s official: South Korea is experiencing its hottest June ever, and by a significant margin. According to the Korea Meteorological Administration on Sunday, regions across the country recorded an average of 2.4 heat wave days from June 1 to 20, which is four times the average from 1991 to 2020. The previous record was set in 2018, when there were 1.5 heat wave days. A heat wave day, as defined by the KMA, is when daytime temperatures soar above 33 degrees Celsius. This year’s first

Social AffairsJune 23, 2024

Canine custody clash: Does dog belong to buyer or guardian?

  A messy canine custody battle broke out recently after a woman sued her son's former girlfriend, claiming ownership of a golden retriever who had lived with her for years but is legally owned by the ex-girlfriend. Seoul High Court recently ruled in favor of the ex-girlfriend, overturning an earlier ruling that granted the mother ownership of the animal. "There is no evidence to believe that (the ex-girlfriend) explicitly expressed her will to give the dog to the plaintiff," the

Social AffairsJune 22, 2024

Hybe confirms Illit’s concert in Macau despite China’s restriction on K-pop gigs

Hybe confirmed Friday that Illit, the K-pop girl band under its music label Belift Lab, will be among the K-pop artists to participate in the Tencent Music Entertainment Awards in Macau, China, on July 19. The quintet shared the award poster on their official account on Chinese social media platform Weibo, Wednesday, announcing their first live performance at the music festival in China. “Illit will perform at the Tencent Music Entertainment Award as planned. The post on (Illit’s) We

K-popJune 21, 2024

Israeli tanks push deeper into Rafah

CAIRO -- Israeli tanks backed by warplanes and drones advanced deeper into the western part of the Gaza Strip city of Rafah on Wednesday, killing eight people, according to residents and Palestinian medics. Residents said the tanks moved into five neighborhoods after midnight. Heavy shelling and gunfire hit the tents of displaced families in the Al-Mawasi area, further to the west of the coastal enclave, they said. Some eight months into the war, there has been no sign of let up in the fighting

World NewsJune 20, 2024