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Samsung to Introduce Performance Share Plan for Employees
[Economy] : Samsung Electronics will introduce a performance-based stock unit program, hoping to motivate employees to value long-term performance. According to industry sources on Tuesday, Samsung has informed workers in an internal notice that they will receive Samsung Electronics shares, depending on the ...[more...]
Published: 4 hours ago
Lawyer of Deceased Yangpyeong Official to File Complaint Against Special Counsel
[Domestic] : The lawyer representing a Yangpyeong County official who died after questioning by the special counsel investigating former first lady Kim Keon-hee said Tuesday he will file charges against the investigation team for abuse of authority and fabrication of official documents. Attorney Park Kyung-ho held a ...[more...]
Published: 4 hours ago
Government to Begin Accepting COVID-19 Vaccine Compensation Claims on October 23
[Domestic] : The Korea Disease Control and Prevention Agency(KDCA) announced Tuesday that the enforcement decree of the Special Act on COVID-19 Vaccination Damage Compensation will take effect on October 23. The law mandates that those who suffered adverse health effects from vaccination during the nationwide ...[more...]
Published: 4 hours ago
President Lee Calls for Debt Relief and Progressive Reforms to Address Inequality
[Politics] : President Lee Jae Myung said Tuesday that although South Korea’s overall economic indicators appear stable, an overwhelming majority of people are struggling, attributing the hardship to deepening inequality. Speaking at a “Digital Talk Live” town hall in Seoul’s Dongdaemun district, Lee said most ...[more...]
Published: 4 hours ago
Gov't Says 80 S. Koreans Unaccounted for after Entering Cambodia
[Domestic] : Approximately 80 South Koreans remain unaccounted for after entering Cambodia in the wake of a surge in employment fraud and detention targeting South Korean nationals. A foreign ministry official said Tuesday that it had received reports of 330 South Korean citizens losing contact with acquaintances or ...[more...]
Published: 4 hours ago
Shaman Admits to Delivering Gifts to Former First Lady’s Aide, Ex-Justice Minister Faces Detention
[Politics] : Anchor: A shaman linked to the Unification Church lobbying scandal has admitted for the first time to delivering luxury items to an aide of former first lady Kim Keon-hee, and a Seoul court will soon rule on whether to detain former Justice Minister Park Sung-jae, who is accused of aiding last December’s ...[more...]
Published: 5 hours ago
JCS Chief: Russia Could Have Provided Technical Support for N. Korea's New Hwasong-20 ICBM
[Inter-Korea] : South Korea's Joint Chiefs of Staff(JCS) said Russia may have supported the development of North Korea's intercontinental ballistic missile that was showcased during a military parade in Pyongyang last week. JCS Chairman Jin Yong-sung said during a parliamentary audit on Tuesday that there was a ...[more...]
Published: 5 hours ago
Government Prepares to Send Joint Task Force to Cambodia
[Politics] : The government will dispatch a joint response team to Cambodia on Wednesday to address a recent surge in employment scams, kidnappings and detentions targeting South Koreans. Presidential spokesperson Kim Nam-joon said during a briefing Tuesday that the task force, led by Ministry of Foreign Affairs ...[more...]
Published: 5 hours ago
Police Received 143 Cases of Suspected Disappearance, Detention of S. Koreans in Cambodia in Past 2 Yrs.
[International] : Police said they have received 143 reports of suspected disappearance and detention of South Koreans in Cambodia during the past two years or so. The National Police Agency announced that 91 of those reported missing have since been located and confirmed safe and that the other cases remain under ...[more...]
Published: 6 hours ago
Finance Minister to Attend Upcoming G20 Meeting in Washington
[Economy] : Finance Minister Koo Yun-cheol will depart for the United States on Wednesday to attend the Group of 20(G20) Finance and Central Bank Ministerial Meeting as well as the annual meetings of the World Bank Group and the International Monetary Fund(IMF). Koo is scheduled to attend the G20 ministerial ...[more...]
Published: 6 hours ago
Seoul Shares Fall for Second Straight Day
[Economy] : South Korean stocks closed lower for a second consecutive day on Tuesday, and the Korean won weakened, amid continued trade tensions between the United States and China. The benchmark Korea Composite Stock Price Index(KOSPI) fell 22-point-74 points, or zero-point-63 percent, on Tuesday to close at ...[more...]
Published: 6 hours ago
Shaman Admits Delivering Former First Lady Luxury Gifts But Denies Bribery
[Domestic] : A shaman admitted to delivering designer bags and a necklace to an aide of Kim Keon-hee on behalf of the Unification Church but denied charges that he had intended to bribe the former first lady. Jeon Seong-bae, also known as Geonjin Beopsa, said during a hearing at the Seoul Central District Court on ...[more...]
Published: 6 hours ago
Unification Minister Says U.S.-North Korea Summit Possible at APEC, Citing '2018 Deja Vu'
[Inter-Korea] : The unification ministry said that the door remains open for a possible U.S.-North Korea summit on the sidelines of the Asia-Pacific Economic Cooperation summit later this month. Unification Minister Chung Dong-young said during a parliamentary audit on Tuesday that both leaders appear ready for ...[more...]
Published: 7 hours ago
China Sanctions Hanhwa Ocean's US Subsidiaries
[Economy] : China will impose sanctions on Hanwha Ocean's five U.S.-based subsidiaries. Beijing's Ministry of Commerce said in a statement Tuesday that organizations and individuals in China are now prohibited from cooperating or doing business with the South Korean shipbuilder’s five stateside ...[more...]
Published: 8 hours ago
KOSPI Down 0.63% Tuesday
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell 22-point-74 points, or zero-point-63 percent, on Tuesday to close at three-thousand-561-point-81. The tech-heavy KOSDAQ lost 12-point-53 points, or one-point-46 percent, to close at 847-point-96. The South Korean won weakened against the U.S. ...[more...]
Published: 8 hours ago
Court Considering Detention of Ex-Justice Minister for Taking Part in Yoon's Martial Law Declaration
[Domestic] : A Seoul court will decide as early as Tuesday night whether to order the detention of former Justice Minister Park Sung-jae for allegedly aiding former President Yoon Suk Yeol's December 3 martial law declaration. The Seoul Central District Court had called a hearing the same day after prosecutors ...[more...]
Published: 8 hours ago
Unification Ministry Restores Inter-Korean Dialogue Divisions, Scales Back N. Korea Rights Office
[Inter-Korea] : The Unification Ministry announced a major reorganization on Tuesday, reinstating divisions for inter-Korean talks and exchanges that were dismantled under the Yoon Suk Yeol administration, while scaling back its North Korean human rights offices. The reform will also revive the team handling the Kaesong ...[more...]
Published: 8 hours ago
Interior Minister: Seoul to Boost Police Presence in Cambodia amid Surge in Korean Kidnappings
[Politics] : Interior Minister Yun Ho-jung pledged Tuesday that South Korea will increase the number of police officers stationed in Cambodia to address a sharp rise in kidnapping cases involving Korean nationals. During a parliamentary audit, Yoon said the government will actively respond to police request to expand ...[more...]
Published: 8 hours ago
Samsung Electronics Expects Q3 Profit to Reach 3-Year High
[Economy] : Anchor: Samsung Electronics said Tuesday it expects a third-quarter operating profit of more than 12 trillion won, beating analyst expectations, on the back of strong performance from its semiconductor business. Experts say the massive demand for chips used in the training and application of artificial ...[more...]
Published: 8 hours ago
Minister Pledges to Apply Principle of Peace in Executing N. Korea Policy
[Inter-Korea] : The Unification Ministry has pledged to firmly and consistently practice the principle of peace while enforcing the government's North Korea policy, while giving public opinion heavy consideration. Unification Minister Chung Dong-young said Tuesday during a parliamentary audit that his department will ...[more...]
Published: 10 hours ago
Seoul Subway Arsonist Sentenced to 12 Years in Prison
[Domestic] : A man surnamed Won was sentenced to 12 years in prison for setting a Seoul subway train on fire in May. The Seoul Southern District Court on Tuesday handed down the sentence, as well as three years of probation. Won, in his 60s, was charged with attempted murder, causing injury by setting fire to an ...[more...]
Published: 10 hours ago
ICT Exports Hit Record High in September
[Economy] : South Korea's information and communications technology (ICT) exports reached a record high in September despite global trade uncertainty. Statistics the Ministry of Science and ICT released on Tuesday showed that ICT shipments totaled 25-point-43 billion U.S. dollars last month, marking the highest ...[more...]
Published: 12 hours ago
President Lee Urges Ministries to Protect S. Koreans in Cambodia
[Politics] : President Lee Jae Myung stressed the need to protect and quickly repatriate the South Korean targets of crimes in Cambodia, stating that preserving citizens’ lives and safety is the government’s highest responsibility. The president made the remarks on Tuesday during a Cabinet meeting at the ...[more...]
Published: 12 hours ago
Only 5 of 20 Postponed UFS Field Exercises Conducted
[Domestic] : The military postponed around 20 outdoor field drills during August’s Ulchi Freedom Shield exercise with the United States to September, but only five actually took place. Data obtained by the office of Rep. Kang Dae-sik of the People Power Party from the Joint Chiefs of Staff (JCS) revealed the ...[more...]
Published: 12 hours ago
Free Flu And COVID-19 Vaccinations for Older Adults Begin This Week
[Domestic] : Free influenza and COVID-19 shots for adults 65 and older will be made available in stages starting Wednesday. The Korea Disease Control and Prevention Agency(KDCA) announced on Tuesday that vaccinations for influenza and COVID-19 will be offered to older adults and others at high risk from COVID-19 through ...[more...]
Published: 13 hours ago
Gov't Task Force Holds First Meeting on Crimes Targeting S. Koreans in Cambodia
[Politics] : The government has formed a dedicated task force and held its first meeting to coordinate its response to a recent surge in employment fraud and illegal detention cases involving South Korean citizens in Cambodia. Presidential spokesperson Kang Yu-jung said in a briefing Monday that the meeting, chaired by ...[more...]
Published: 13 hours ago
284 Online Gov't Systems Restored, Bringing Recovery to 40.1%
[Domestic] : A total of 284 online government services had been restored as of Monday evening, more than two weeks after a fire at a state data center in Daejeon disrupted 709 administrative systems. According to the Central Disaster and Safety Countermeasures Headquarters, the overall restoration rate reached ...[more...]
Published: 14 hours ago
Bessent: Trump on Track to Meet Xi in S. Korea
[International] : U.S. Treasury Secretary Scott Bessent said that President Donald Trump remains on track to meet Chinese President Xi Jinping in South Korea in late October as the two rival powers continue sparring over trade. In an interview with Fox Business on Monday, Bessent said tensions between the sides have ...[more...]
Published: 14 hours ago
Samsung Electronics Expects 32% Rise in Q3 Operating Profit
[Economy] : Samsung Electronics posted a strong operating profit in the third quarter, significantly surpassing market forecasts and marking its highest quarterly figure in over three years. The tech giant announced on Tuesday that its operating profit in the July-September period rose 31-point-eight percent from the ...[more...]
Published: 14 hours ago
Supreme Court Chief Justice Again Denies Meeting Ex-Prime Minister on Lee's Case
[Politics] : Supreme Court Chief Justice Jo Hee-de has reaffirmed that he did not meet with former Prime Minister Han Duck-soo or any other individuals prior to the ruling on President Lee Jae Myung’s election law violation case. Jo made the statement in his closing remarks before the Legislation and Judiciary ...[more...]
Published: 15 hours ago
