21st November 2018
AP — South Korea’s Kim Jong Yang was elected as Interpol’s president on Wednesday, edging out a longtime veteran of Russia’s security services who was strongly opposed by the U.S., Britain and other European nations. Kim’s election was seen as a victory for the White House and its European… Read More
21st November 2018
AP — Interpol is facing a pivotal — some say possibly fatal — moment in its history as members decide whether to hand its presidency to a man who represents Vladimir Putin’s Russia. Kremlin critics fear they could soon face arrest wherever they go. Western… Read More
8th October 2018
AP — Former South Korean President Lee Myung-bak was convicted and sentenced to 15 years in prison Friday in a corruption case that has badly tainted his status as the country’s first leader with a business background who once symbolized the country’s economic rise. Lee’s conviction… Read More
9th August 2018
Samsung’s Galaxy S7 smartphones contain a microchip security flaw, uncovered earlier this year, that has put tens of millions of devices at risk to hackers looking to spy on their users, researchers told Reuters. The Galaxy S7 and other smartphones made by Samsung Electronics Co Ltd (005930.KS) were previously thought… Read More
23rd July 2018
North Korea’s economy contracted at the sharpest rate in two decades in 2017, South Korea’s central bank estimated on Friday, as international sanctions and drought hit growth hard, with signs living conditions were beginning to deteriorate. Gross domestic product (GDP) in North Korea last year shrank 3.5 percent from the… Read More
22nd June 2018
AP — A leading South Korean cryptocurrency exchange said Wednesday that $31 million worth of virtual currencies have been stolen by hackers, a latest in the series of recent hacks that raised security concerns. Bithumb, South Korea’s second-largest exchange, said cyberattacks from late Tuesday night to Wednesday morning led to… Read More
19th June 2018
AP — The Pentagon on Monday formally suspended a major military exercise planned for August with South Korea, a much-anticipated move stemming from President Donald Trump’s nuclear summit with North Korean leader Kim Jong Un. Dana White, spokeswoman for the Defense Department, said planning for the… Read More
13th June 2018
AP — A South Korean cryptocurrency exchange said Monday hackers have stolen about one-third of the coins traded on its market, an announcement that sent bitcoin prices tumbling to a two-month low. Coinrail said hackers stole cryptocurrencies over the weekend including Pundi X, Aston and NPER. It… Read More
28th May 2018
South Korean prosecutors searched Samsung Securities’ (016360.KS) head office as part of their investigation into the brokerage’s recent fat finger error. The brokerage’s accidental issuance of 2.8 billion shares to employees – more than 30 times the number of its outstanding shares and theoretically worth some $100 billion, prompted a… Read More
9th May 2018
South Korean prosecutors have raided LG Group’s head office as part of a probe into alleged tax evasion by family members controlling the conglomerate, the prosecutors’ office said on Wednesday. Prosecutors are looking into possible evasion of capital gains tax worth about 10 billion won ($9.25 million) in relation to… Read More