Woori Bank, one of five major local banks, said Friday it had stopped selling funds involving Osstem Implant, whose shares were suspended from trading on the Kosdaq after an employee was arrested for having allegedly stolen funds equal to 91 percent of the company’s equity as of last year. “It’s a precautionary measure to protect our investors and we do not know at this point when we will begin selling the funds again,” a Woori Bank official said, adding five funds

Experts say Ramseyer’s claims are outdated, flawed

South Korea’s military said Wednesday that it failed to stop a North Korean defector even though he was caught on surveillance cameras five times. The Joint Chiefs of Staff on Wednesday disclosed the results of its on-site investigation into how the 30-something North Korean man returned to the North Saturday night. The military currently believes that the defector is the same person who defected to the South in November 2020. The military first spotted him approaching the border reg

Prosecutors have decided not to indict the late former Seoul Mayor Park Won-soon, who was accused of sexually harassing his secretary, according to local reports Tuesday. The decision was reached by prosecutors at the Seoul Central District Prosecutors’ Office on Friday. Prosecutors closed the case as they no longer have the right of arraignment to file an indictment against the deceased Park. As prosecutors have closed the case, the connection of his death with the accusation will not b

The North Korean defector who is presumed to have crossed the tense inter-Korean border to return home last week had received due resettlement support from the South Korean government, Seoul's unification ministry said Tuesday, amid reports he suffered economic difficulties after his defection. The man crossed the heavily fortified eastern border into the North over the weekend, about a year after he reached the South, also using an eastern front-line route in November 2020, according to the mi

Two deaths related to omicron variant of the coronavirus were reported on Monday

From COVID-19 frontline nurses to expat TikToker, 10 people from diverse walks of life share their thoughts and wishes for the new year

The mother of an infant found dead inside a clothing donation bin in Osan, Gyeonggi Province, earlier this month could face infanticide charges, the police said on Friday. According to the Osan police, investigators have sent the case to the prosecution on Thursday. The woman is accused of neglect leading to the death of the just-born boy in the bathroom of her house, where she had given birth. She is charged with discarding the baby’s body in a roadside clo

Park will not receive courtesy as a former president; will only receive security support

Left-leaning figures have come under fire for making comments about Kim Keon-hee’s appearance, with some calling the remarks “misogynous.” The latest comments on Kim, the wife of People Power Party presidential candidate Yoon Suk-yeol, came after she publicly apologized for embellishing her career history. On Wednesday, former lawmaker Sohn Hye-won once again took to social media to comment on Kim’s makeup and facial expressions when she delivered the apology. Sohn

People Power Party election committee chief Kim Chong-in stepped in Tuesday to calm the conflict between the party’s presidential candidate and its chairman. Discord in the conservative main opposition party has continued since it chose Yoon Suk-yeol, a former prosecutor general, as its flagbearer in November. Acknowledging internal disputes made public by remarks of the party members, Kim said in an interview with the JoongAng Ilbo newspaper that he will step up to “control the

Samsung‘s Lee says preparation for 6G on the way during president’s luncheon

Yoon’s wife: ‘I inflated my career to look good’

A special pardon for Park Geun-hye, the former president serving a 22-year prison term for corruption, has sparked a wide range of responses in South Korea’s political circles. The ruling Democratic Party appeared largely to respect the president’s decision, while lawmakers from the opposition parties voiced different opinions, mostly raising doubts about the special pardon. Democratic Party Chairman Song Young-gil announced that the party “honors” the president&rsquo

Presidential candidates habitually visit front-line military units during campaign