Kakao Corp., South Korea’s biggest messenger operator, is confronting a major crisis after founder Kim Beom-su’s arrest Tuesday for alleged stock price manipulation related to last year’s takeover of K-pop powerhouse SM Entertainment.
The incident o…
Kia Corp., South Korea’s second-largest automaker, said Friday its second-quarter net profit rose 5 percent from a year ago, helped by the company’s sales focus on pricier models and a weak won.
Net profit for the April-June period came to 2.95 tril…
U.S. President Joe Biden on Thursday expressed his appreciation to Korean War veterans for their sacrifices during the 1950-53 conflict, as he proclaimed a special day to commemorate the signing of the armistice that halted the war.
Biden issued an …
South Korean shares closed sharply higher Friday, ending a two-day losing streak on large cap gains led by financial firms and shipbuilding companies. The local currency fell slightly against the U.S. dollar.
The benchmark Korea Composite Stock Pric…
The United States offered Thursday to provide a reward of up to US$10 million for information on a North Korean cyber actor targeting America’s critical infrastructure, as it strives to prevent Pyongyang’s ability to generate revenue through illicit …
Doosan Co. on Friday reported its second-quarter net income of 216.3 billion won (US$156 million), up 24.2 percent from a year earlier.
The company said in a regulatory filing that it posted 336.7 billion won in operating profit for the quarter, com…
Secretary of Defense Lloyd Austin pledged Thursday to ensure the Pentagon stays “firm” and “focused” as President Joe Biden has exited the presidential race amid a range of security challenges, including North Korean threats, Russia’s war in Ukraine …
An appellate court on Friday reduced the prison term to 10 years for a hit-and-run driver accused of ramming onto a sidewalk under the influence of drugs, fatally hitting a passerby and fleeing in the posh district of Apgujeong last year.
The 28-yea…
The United States offered Thursday to provide a reward of up to US$10 million for information on a North Korean cyber actor targeting America’s critical infrastructure, as it strives to prevent Pyongyang’s ability to generate revenue through illicit …
Two-time Olympic champion Kim Woo-jin finished first in the men’s individual archery ranking round of the Paris Olympics on Thursday.
Kim scored 686 points out of a maximum 720 points at Les Invalides in the French capital to grab the top seed for t…