Main opposition presidential candidate Yoon Suk-yeol and the chief of his People Power Party reached a surprise agreement Thursday to put their long-running feud behind them and move forward for election victory. PPP lawmakers also withdrew their push to oust party chairman Lee Jun-seok as the two patched up the row that has been blamed for the recent sharp fall in Yoon's public support about two months ahead of the March 9 presidential election. The surprise reconciliation came after Lee sa

Prosecutors said Thursday they indicted the two founders of Mergepoint, a once-popular online discount app, for causing some 100 billion won ($83.63 million) worth of damages to customers and member stores by selling virtual coupons that could not be used. The Seoul Southern Prosecutors Office said the sibling founders -- Kwon Nam-hee, CEO of the app operator, Mergeplus, and Kwon Bo-goon, the top strategy executive, -- were charged with fraud and violating the e-transaction law. The latter Kw

K Auction, South Korea’s second-largest auction house by revenue, said Thursday that it plans to go public on Jan. 24, in what its chief said will be the first step to take on its bigger rival Seoul Auction. “A transparent platform that will maximize the positive impact of art and outcompete our rival, that’s what we have in mind,” K Auction CEO Do Hyun-soon said at an online conference. Seoul Auction began trading on the junior Kosdaq exchange in 2008. K Auction, whic

South Korea has bought an additional 400,000 courses of Paxlovid, the COVID-19 antiviral pills developed by Pfizer, health officials said Wednesday evening. With the latest purchase, the country has secured enough oral treatments for 1 million people in total -- Pfizer’s for 762,000 people, and the rest from Merck. “Adding pills to our treatment protocol will help stabilize and expand the at-home COVID-19 care scheme, a key pillar of our return to normal,” the Korea Disease C

BTS will not be travelling to the US as the Grammy Awards were officially postponed, said label Big Hit Music Thursday. 　 The awards ceremony was originally to be held on Jan. 31 in the US in Los Angeles, but the Recording Academy and CBS decided to postpone the event out of concern for the omicron variant, said a joint statement released on Wednesday in the US. A future date will be announced soon, it added. 　 The seven-member band was to fly to participate in the show as one of the candidates

Procter & Gamble has released a detergent with degerming power for customers concerned with laundry that still smells after washing. Humidity is the typical culprit behind musty clothes, but in the winter it could be the machine itself that is to blame, according to the company. The inner tub of the washing machine, which holds the clothes, could be teeming with bacteria that cause a lingering unpleasant odor even after drying, it added. Downy Degerming Power Liquid Detergent offers a p

Experts say Ramseyer’s claims are outdated, flawed