Individual investors are seeking legal action for damages caused by an employee at Osstem Implant who was arrested Wednesday for having allegedly stolen 188 billion won ($156 million) from the Kosdaq-listed company. The stolen money accounted for 91 percent of the company’s equity as of last year. The shares of the implant maker, worth a little over 2 trillion won in market value, were suspended from trading Monday after the company reported the massive theft to police. “There is

Pyongyang‘s goal to penetrate missile defenses with limited resources

SK Telecom CEO Ryu Young-sang and Samsung Electronics’ mobile business chief Roh Tae-moon discussed their potential partnership on a slew of tech areas, including 5G network, artificial intelligence and the metaverse, the company said Thursday. “Samsung has been creating comprehensive services by converging different areas of business into one,” Ryu said at CES 2022 held in Las Vegas. “SK Telecom will continue to push forward to fine-tune its convergence of telecommunic

Hongsam, Korean red ginseng, has become a popular choice for Lunar New Year gift in overseas markets, stretching from Asia to the United States, Australia, Russia and the Middle East, the company said Wednesday. Korea Ginseng Corp. (KGC), Korea’s leading Red Ginseng manufacturer, unveiled a map of Korean red ginseng markets around the world, showing its best-selling product by country. According to the map, EveryTime, stick pouches of Red Ginseng extract favored for its portability, has m

Presidential candidate vowed to start over, launching new campaign team -- but party chairman is not onboard.

A 32-year-old man was sentenced to seven years behind bars Thursday for beating his girlfriend to death. The man, surnamed Lee, was indicted on charges of battering his girlfriend, Hwang Ye-jin, to death in the lobby of a studio apartment building in western Seoul in late July during a fight between the two. Repeatedly beaten on the head, Hwang lost consciousness and was moved to a hospital with symptoms of cerebral hemorrhage. She eventually died about 20 days later. Appealing for leniency,

Repackaged album consists of 11 tracks: eight songs from their first LP and three new songs

SPC Group Chairman Hur Young-in stressed corporate sustainability during a New Year meeting held Monday, urging executives to carry out the company’s vision of building its legacy as a global enterprise with more than 100 years of history. At the virtual meeting, he suggested three objectives: ensuring unrivaled product quality, innovating corporate culture and integrating environmental, social and governance values into its franchises. Chairman Hur set forth his aspiration to augment R&

LAS VEGAS -- After unveiling its new vision of expanding a human reach to robotics and metaverse, Hyundai Motor opened its CES booth filled with robots, not cars, to present the future of mobility. The exhibition taking place at the tech show featured three Spots, a quadruped robot, dancing in sync to a BTS song titled “Ioniq: I’m on it.” L7, a micro-mobility concept based on a platform that combines 4 large PnD modules, followed Spot’s lead by demonstrating how it can

The South Korean government is preparing to launch a new team to step up support for North Korean defectors suffering from economic and psychological difficulties after resettlement here, officials said Thursday. The team -- which will comprise of officials from different government agencies, including the unification ministry and the police -- is expected to be set up by next month to provide defectors with tailored support in fields ranging from education and employment to living and psycholo

Attempting to excite fans and elevate the level of play in League of Legends Champions Korea, one of the changes for this year’s upcoming season is the reopening of LOL Park for fans, audience and spectators, said the secretary general of LCK Aiden Lee in a press conference at CGV Yongsan, central Seoul, Wednesday. “A total of 10 teams -- T1, Gen.G, Damwon Kia, Liiv Sandbox, Nongshim RedForce, Hanwha Life Esports, DRX, KT Rolster, Fredit Brion and Kwangdong Freecs -- are scheduled

Actors Lee Jung-jae, Oh Young-soo and director Hwang Dong-hyuk will not be attending the 79th Golden Globe Awards. According to Lee’s agency, Artist Company, the actor decided not to participate in the awards ceremony after careful consideration. “Though it is a great honor to be nominated for the Golden Globes, Lee will be absent from the awards ceremony after considering the situation of the COVID-19 pandemic, self-quarantine regulations and Netflix’s decision to not submit

Hanmi Global AMC, a real estate investment arm of Hanmi Global, said Tuesday that it has acquired final approval from the Land Ministry to enter the local REITs market. Hanmi Global AMC has obtained its preliminary approval from the ministry in August and was putting together its team of executives to spearhead its kick-off. REIT, short for real estate investment trust, is a company that pools capital from investors to finance income-generating property assets and return dividends to individu

US, Canada, European countries limit unvaccinated minors’ access to public places, but rarely to education -- public or private

President Moon Jae-in on Thursday expressed his condolences over the death of three firefighters who were killed while battling a warehouse blaze in Pyeongtaek. Moon said he is "heartbroken" by the news of three firefighters "who died while engaging in rescue activities at the forefront of protecting the lives and safety of people," according to presidential spokesperson Park Kyung-mee. Moon prayed for the repose of the deceased and offered deep consolation to families of t