An arrest warrant has been sought for a sitting prosecutor accused of conspiring with the main opposition party to investigate key ruling camp officials last year when Prosecutor-General Yoon Seok-youl, now a leading opposition presidential contender, was in office. The Corruption Investigation Office for High-ranking Officials (CIO) said it sought the warrant over the weekend for Son Jun-sung, who served at the Supreme Public Prosecutors Office last year, as he has not cooperated with the inv

South Korean pianist Paik Kun-Woo filed a claim for damages on Monday against the MBC investigative journalism program "PD Note," which raised suspicions that he had neglected his wife, actress Yoon Jeong-hee. In a statement released by Paik, he said the contents of the“PD Note” episode titled “The missing actress, two faces of adult guardian,” which aired last month were false. He claimed the reputations of both him and his daughter Paik Jin-hee were significa

South Korea will host a meeting of over 200 national Olympic committees in 2022, one year after losing the event to the coronavirus pandemic. The Korean Sport & Olympic Committee (KSOC) announced Monday that Seoul will host the 26th General Assembly of the Association of National Olympic Committees (ANOC) on Oct. 19 and 20 in 2022. The KSOC added it won the right to bring the event home during the 25th General Assembly in Greece this week. Seoul had been chosen as host of the 25th ANOC Ge

President Joe Biden are expected to hold a bilateral meeting on the sidelines of a G20 summit in Italy or the UN climate summit in Britain, a senior presidential official said Monday.   Moon and Biden are scheduled to participate in the G20 summit next week, as well as the COP26 climate talks on Nov. 1 and 2, when world leaders will assess achievements since the Paris agreement to limit global warming.   Asked whether Moon and Biden could meet on the margins of the global s

South Korea is providing COVID-19 vaccines to Iran, as the country looks to use them as diplomatic leverage with formidable progress in the nationwide vaccination scheme. The Ministry of Foreign Affairs and the Korea Disease Control and Prevention Agency said Monday that Korea will deliver 1 million doses of COVID-19 vaccines made by AstraZeneca this month. The vaccines will arrive in Iran on Wednesday as a means to celebrate the 60-year relationship between Korea and Iran. The government said

IMM Private Equity said Monday it has signed a binding term to become the largest shareholder of South Korean kitchen and interior furniture goods manufacturer Hanssem in a 1.45 trillion won ($1.24 billion) deal. Under a sales and purchase agreement, the third-largest buyout firm based in Seoul, with $5.4 billion in assets under management, will buy 6.5 million ordinary shares -- or 27.7 percent of voting rights -- owned by sellers comprising founder Cho Chang-gul and his seven specially a

The stock value of South Korea’s top wireless carrier SK Telecom could go up if the company’s nontelecom spinoff and 5-for-1 stock split plans take effect in November, analysts of major brokerage houses said Monday. “The spinoff plan will boost SK Telecom’s corporate value. Its affiliated companies’ values will likely be reevaluated as well. ... We highly recommend investors to buy the stock before the trading suspension” ahead of the spinoff, Ahn Jae-min, a

China’s One Belt, One Road initiative will bring opportunities not only for China, but for Korea and other nations, Chinese Ambassador Xing Haiming said at the Eurasian Economic and Cultural Forum on Oct. 20. The forum is hosted weekly by The Korea Herald to share and enhance knowledge of the international community and expand business networks. The forum brings diplomats, CEOs and experts from Europe and Asia together to build ideas for cultural and business transformations, and to se