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Home » Archives for January 31, 2024 » Page 3

January 31, 2024

Seoul shares fall late Wed. morning, hurt by chipmakers

January 31, 2024

SEOUL, South Korean stocks lost ground late Wednesday morning, hurt by declines in semiconductor stocks after Samsung Electronics reported its fourth-quarter earnings.

The benchmark Korea Composite Stock Price Index had fallen 5.00 points, or 0.20 p…

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PPP pledges to bury railways running through cities underground for urban redevelopment

January 31, 2024

SEOUL/SUWON, South Korea, The ruling People Power Party (PPP) said Wednesday it will seek to bury railways running through major cities underground and develop the newly created overland areas into futuristic urban spaces with parks, offices and new …

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S. Korea suffers record tax revenue shortfall in 2023 amid economic slowdown

January 31, 2024

SEOUL, South Korea’s tax revenue fell 51.9 trillion won (US$38.92 billion) in 2023 from a year earlier due mainly to weak corporate activities and the property market slump, the finance ministry said Wednesday.

The government collected 344.1 trillio…

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Court orders state compensation of 4.5 bln won to 16 Brothers Welfare Center victims

January 31, 2024

SEOUL, A Seoul court on Friday ordered the state to compensate victims of human rights abuses at a now-defunct detention facility for vagrants in the southeastern city of Busan, in the second such ruling recognizing state responsibility in the incide…

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Stabbing rampage suspect sentenced to life imprisonment

January 31, 2024

SEOUL, A court on Wednesday sentenced a Seoul stabbing rampage suspect to life in prison.

The Seoul Central District Court handed out the life sentence to Cho Seon, 34, who was indicted for stabbing one man to death and wounding three others near a …

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