SK Telecom refutes antitrust regulator’s disapproval, with some saying SK may consider filing administrative suit

SKT’s IoT network system to spur new services including off-site monitoring of manholes and light posts as well as tracking down lost pets and cell phones

[THE INVESTOR] Shin Young-ja, daughter of Lotte Group founder Shin Kyuk-ho and head of Lotte Foundation returned home on July 2 after 16 hours of questioning by prosecutors.“I’ve said it all,” Shin, 74, told reporters on this day, but did not elaborate. 　 Lotte founder‘s daughter Shin Young-ja (Yonhap)The authorities had summoned Shin to the Seoul Central District Prosecutors’ office the day before to be questioned on whether she received bribes from Jung Yoon-ho, the former head of cosmetics fi

 Leading Brexit campaigner Boris Johnson on Thursday ruled himself out of the race to succeed Prime Minister David Cameron in a bombshell announcement just a week after Britain voted to leave the EU.The decision by the former London mayor upended the leadership contest in the ruling Conservative Party and added to the deep uncertainty over how and when Britain will split from the bloc.The shock outcome of the June 23 referendum has led to massive political upheaval, with warnings about the count

Reps. Ahn Cheol-soo and Chun Jung-bae, the two cochiefs of the opposition People’s Party, resigned from their posts Wednesday, assuming responsibility over the widening kickback scandal involving key party members.“I resign from (party) leadership, taking full political responsibility over this case,” said Ahn in an urgent briefing that followed a closed-door Supreme Council meeting.Reps. Ahn Cheol-soo (center) and Chun Jung-bae (left) announce their resignations as cochiefs of the People‘s Part

Hong Kyttack, the Korean vice president of the Asian Infrastructure Investment Bank since February, has taken a six-month leave of absence from the Beijing-based institution amid a scandal back home surrounding his previous stint at Korea Development Bank. “Hong cited personal reasons for the leave,” Seoul’s Finance Ministry official said, confirming Hong’s absence at AIIB since last week. The Korean executive was absent at the regional bank’s maiden general meeting in Beijing on June 25, where

Former Daewoo Shipbuilding and Marine Engineering CEO Nam Sang-tae was taken into custody early Tuesday amid the widening probe into a massive accounting fraud. The Seoul Supreme Prosecutors’ Office said it was holding Nam in its custody, following a half-day questioning on Monday as a suspect in the alleged window dressing. It has found new allegations and spotted signs of destroying evidence, it added. (Yonhap)The office plans to ask the court to issue an arrest warrant for him on Wednesday. T

Artist Lee U-fan, whose abstract paintings have become the subjects of art forgeries, took a look at the paintings the National Forensic Service identified as counterfeits for the first time Monday, but said he has yet to conclude if they are fakes. 　“I will come back (to the police) the day after tomorrow. There are things I have to check again,” said Lee as he left the Seoul Metropolitan Police Agency after having examined the paintings. 　Lee’s attorney Choi Soon-yong explained that Lee would

Nigel Farage has devoted his career to campaigning to leave the European Union, a once-impossible seeming goal he has now achieved following a referendum campaign peppered with his signature controversies. UK Independence Party (UKIP) leader Nigel Farage in London on June 22, 2016 (AFP/Niklas Hallen)It was the rise of Farage’s UK Independence Party (Ukip) which effectively forced Prime Minister David Cameron to first promise a referendum in 2013.　Farage has played a high-profile role this year i

LONDON(AFP) -- Prime Minister David Cameron may go down in history as the man who led Britain out of the European Union, with a strong chance that he will not survive the country’s political earthquake.As Britain voted to become the first state ever to withdraw from the bloc on Thursday, according to national media forecasts, Cameron’s epitaph could be sealed after six years in power.“He’s put himself front and center of the Remain campaign, and to have lost the campaign would be a massive blow

　A South Korean court ruled Thursday in favor of nine Syrian asylum seekers who had been denied entry into the country to apply for the status. They stayed at an airport for the past six months awaiting the decision. 　The Incheon Administrative Court ordered the Justice Ministry to allow the asylum seekers to apply for refugee status in the country, saying depriving applicants of the chance to claim asylum should only be made in exceptional cases. 　A total of 28 Syrian asylum seekers filed a law

Prosecution’s probe likely to frustrate automaker’s efforts to redeem last year’s losses

Conglomerate’s governance structure is baffling, even by Korean standards

ROME (AFP) -- After 2 1/2 millennia of being ruled by men, Rome will wake up Monday under new management.Virginia Raggi was elected Sunday as the Italian capital’s first female mayor, sweeping into city hall on the ticket of the populist Five Star movement with the backing of two thirds of voters. Virginia Raggi (EPA-Yonhap)A Roman born and bred, the 37-year-old lawyer is a political novice, but the campaign saw her grow increasingly assured in her public performances as it became clear she was

　Sexual assault charges continue to pile up against JYJ member and actor Park Yoo-chun, 30, with two more women claiming that the idol star raped them, bringing the current total to four potential victims. 　According to police on Friday, a third and fourth complainant have come forward to file separate charges against Park. One woman claimed that Park had raped her in the bathroom of a karaoke establishment in February 2015, while another told police he had raped her in the bathroom of his house