Samsung scion Lee Jae-yong sent to prison after a South Korean court found him guilty in a 2016 corruption scandal. Lee to spend two and a half years in jail for bribing then-President Park Geun-hye …
South Korean court gives Samsung scion prison term over bribery
Lee Jae-yong was sent back to prison on Monday after a South Korean court handed him a two and a half-year sentence for his involvement in a 2016 corruption scandal.
South Korea looks to strengthen position in global autonomous vehicles market with billion-dollar investment
will bring in several state ministry/agencies together to jointly finance autonomous projects and expedite their commercialization. “The move unfolds significant opportunities and South Korea can gain …
Myeong-dong: South Korea’s shopping hub facing big crisis amid the COVID-19 pandemic
Myeong-dong in South Korea is one of the must-see destinations when visiting the region. It has been known as the shopping hub and features local and international stores. Myeong-dong sells everything …
Japan urges South Korea to drop wartime compensation demands
Japan’s foreign minister is accusing South Korea of worsening already strained ties by making what he called illegal demands for compensation for the sexual abuse of Korean women and use of forced lab …
Samsung vice-chairman gets 30-month prison term in South Korea bribery trial
A South Korean court sentenced Samsung Electronics vice chairman Jay Y. Lee to two and a half years in prison, the court said on Monday, which will have major ramifications for his leadership of the t …
South Korea’s Moon Urges Biden Admin to Follow up on Kim, Trump Summit
SEOUL (Reuters) – South Korean President Moon Jae-in said on Monday that U.S. President-elect Joe Biden should hold talks with North Korea to build on progress that President Donald Trump had made …
Saudi Ministry of Finance inks $3b export financing pact with South Korean entities
Credit Agricole structured the landmark deal, which is Ministry’s second since July 2020 Dubai: Saudi Arabia’s Ministry of Finance has secured a $3 billion export financing facility that would also …
South Korea is cracking down on digital sex crimes. Has it done enough?
Seoul, South Korea (CNN)Between the ages of 11 and 14, South Korean teenager Ji-o was threatened, stalked and pressured into taking sexually explicit photos of herself by men on the internet. She …
S. Korea’s economy anticipates synergy with ‘Bidenomics’
As the United States is set to inaugurate Joe Biden as president this week, South Korea’s economy is expected to gain momentum from the upcoming US administration’s pump-priming programs and trade …