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(EDITORIAL from Korea JoongAng Daily on July 3)

The Democratic Party (DP) has crossed the line again. The majority party on Tuesday submitted a motion to impeach four prosecutors who investigated suspicious cases involving former DP leader Lee Jae-myung or the party. Two of the four prosecutors lo…

MBK Partners to acquire Japanese drugmaker Alinamin

Private equity firm MBK Partners will acquire Japan’s Alinamin Pharmaceutical for 2.9 trillion won (US$2.1 billion), industry sources said Wednesday.

MBK Partners will buy the Japanese supplement maker from U.S. investment fund Blackstone in a stock…

Defense ministry seeks to expand data, AI technology in military

Defense Minister Shin Won-sik and top military officials discussed Wednesday ways to incorporate more data and artificial intelligence (AI) technology in the defense sector in a bid to help build a smarter military, his office said.

In the meeting, …

(EDITORIAL from Korea Times on July 3)

Successful listing is boon for bid to become IP powerhouse

Naver’s webcomic subsidiary, Webtoon Entertainment, made a successful debut on the Nasdaq. Boosted by strong demand from institutional investors, the company concluded its first trading sess…

(LEAD) Taxi crashes into hospital in central Seoul, injuring 3

A taxi crashed into a hospital in central Seoul on Wednesday, injuring three pedestrians, police said.

The vehicle driven by a man in his 60s plowed into the emergency ward of the National Medical Center in the central district of Jung at 5:15 p.m.,…

Defense ministry seeks to expand data, AI technology in military

Defense Minister Shin Won-sik and top military officials discussed Wednesday ways to incorporate more data and artificial intelligence (AI) technology in the defense sector in a bid to help build a smarter military, his office said.

In the meeting, …