The culture and sports ministry said Monday it has suspended the duties of Lee Kee-heung, president of the Korean Sport & Olympic Committee, over suspected misconduct. On Sunday, the ethics inspection team under the Office for Government Policy Coordination announced it asked the police to investigate Lee and other sports officials for alleged improper conduct, such as improper hiring practices and misuse of funds. The Ministry of Culture, Sports and Tourism said it requested a swift inves

Bitcoin soared to a record high above $82,000 on Monday on expectations that cryptocurrencies will boom in a favorable regulatory environment following the election of Donald Trump as U.S. president and of pro-crypto candidates to Congress. The world's biggest and best-known cryptocurrency , has now more than doubled from the year's low of $38,505 and was last at $81,991, having earlier touched a record high of $82,413. Trump embraced digital assets during his campaign, promising to

Kakao Corp., the operator of South Korea's dominant mobile messenger, has filed an administrative lawsuit against a government fine of 15.1 billion won (US$11 million) over the leaking of personal information on a large scale, according to sources Monday. The Personal Information Protection Commission, the government's personal information watchdog, ordered the fine in May, concluding that Kakao's lax user data scrutiny and protection measures led to the data leak of some 65,000