A Supreme Court panel has revised sentencing guidelines to allow punishments as severe as life imprisonment for those convicted of organized fraud, such as home rental and voice phishing schemes, officials said Tuesday.
The Supreme Court’s sentenci…
South Korea’s electricity demand hit an all-time high Monday as the country was struck by scorching summer heat, data showed Tuesday.
The country’s maximum power demand reached 102.327 gigawatts between 2-3 p.m. Monday, surpassing the previous recor…
Doubleugames Co. on Tuesday reported its second-quarter net profit of 64.2 billion won (US$46.8 million), up 44.5 percent from a year earlier.
The company said in a regulatory filing that operating income for the April-June period rose 33.4 percent …
South Korean stocks ended slightly higher Tuesday as investors remained cautious ahead of the releases of major U.S. data later this week to gauge the Federal Reserve’s monetary policy direction. The local currency gained ground against the U.S. doll…
Kakaopay Corp. has provided credit information of its users to China’s Alipay without the required customer consent, the financial regulator said Tuesday, an allegation quickly dismissed by the South Korean platform.
The Financial Supervisory Servic…
Doubleugames Co. on Tuesday reported its second-quarter net profit of 64.2 billion won (US$46.8 million), up 44.5 percent from a year earlier.
The company said in a regulatory filing that operating income for the April-June period rose 33.4 percent …
The ceremony for the Aug. 15 Liberation Day could be split over the controversy over the appointment of Kim Hyung-seok as head of the Independence Hall of Korea. After the Heritage of Korean Independence, a group of descendants of independence fighte…
North Korea on Tuesday denounced top U.S. officials’ joint opinion piece that touted “unprecedented” trilateral cooperation among South Korea, the United States and Japan as feats of U.S. President Joe Biden’s Indo-Pacific diplomacy.
In the piece pu…
The antitrust regulator said Tuesday it has decided to fine CJ Freshway Corp. 24.5 billion won (US$17.87 million) for unfairly supporting an affiliate in a move to solidify its market status as a major food distributor for local merchants.
Since aro…
President Yoon Suk Yeol on Tuesday granted a special pardon to former South Gyeongsang Gov. Kim Kyoung-soo on the occasion of Liberation Day, reinstating his rights to run for public office despite objections from members of his ruling party.
The pa…