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Founder of Kakao appears for questioning over suspected price rigging of SM shares

July 9, 2024

Kim Beom-su, the founder of tech giant Kakao Corp., appeared before prosecutors on Tuesday for questioning over alleged stock price manipulation connected to the firm’s takeover of K-pop powerhouse SM Entertainment last year.

Kim presented himself f…

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Cabinet again passes motion requesting reconsideration of bill on special probe into Marine’s death

July 9, 2024

The Cabinet again passed a motion Tuesday demanding the National Assembly reconsider a bill mandating a special counsel investigation into the military’s response to a Marine’s death, the second time it did so in less than two months.

The bill calls…

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BOK chief says inflation likely to cool further, market volatility remains high

July 9, 2024

The chief of the South Korean central bank said Tuesday the country is expected to see a gradual easing of inflation, while market volatility has grown amid high interest rates and political uncertainties in major nations.

Bank of Korea (BOK) Gov. R…

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K League champions Ulsan sign S. Korean international Jung Woo-young

July 9, 2024

Two-time defending South Korean football champions Ulsan HD FC announced Tuesday they have signed veteran midfielder Jung Woo-young.

The transfer from Al-Khaleej in Saudi Arabia to the K League 1 giants is a homecoming for Jung, who was born in Ulsa…

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Bond traders expect BOK to freeze key rate this week

July 9, 2024

Almost all bond traders expected the Bank of Korea (BOK) to freeze its key rate this week for the 12th straight session, a survey showed Tuesday.

According to the survey of 100 bond traders, conducted by the Korea Financial Investment Association la…

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