The family of Lee Dae-jun, a South Korean fisheries official killed by North Korean soldiers at sea in 2020, on Wednesday filed a criminal complaint against national security and civil affairs officials of former President Moon Jae-in’s Cheong Wa Dae. Kim Ki-yun, an attorney working with the family, told reporters outside Seoul Central District Prosecutors’ Office that three ex-Cheong Wa Dae off...

Citigroup’s South Korean subsidiary has said it will cooperate with local financial giant KB Kookmin Bank and the internet-only Toss Bank on transferring its unsecured personal loan portfolio worth some 8 trillion won ($6.1 billion). The move is part of Citibank Korea’s decision announced in October last year to shut down its retail banking operations in phases, after its monthslong attempt to f...

South Korea and the US’ deterrence against North Korea’s missile and nuclear threats have been too weak, and the allies should impose stronger penalties that specifically affect Kim Jong-un to deter provocations, says US defense expert Bruce Bennett. This year alone, North Korea staged 19 arms demonstrations, and its seventh nuclear test is also seen to be imminent. South Korea and the US have r...

HONG KONG and SHANGHAI , June 22, 2022 /PRNewswire/ -- Ping An Insurance (Group) Company of China , Ltd. (hereafter " Ping An " or the "Group", HKEx:2318; SSE:601318) is delighted to announce that Ping An Life has won the Global Bronze Award for Re-imagining the Customer Experience at the Efma-Accenture Innovation in Insurance Awards 2022 with its "Intelligent Visiting Assistant - AI M...

DUBAI , UAE , June 22, 2022 /PRNewswire/ -- Agora Group in Dubai and V2B Labs are joining hands to announce that after 9 successful editions of the Global Blockchain Congress in Dubai , this exclusive event will now go international with the East Asian edition of the congress taking place in Hanoi, Vietnam at the Intercontinental Landmark Hotel, on July 11th and 12th 2022. Vietnam Blo...

Soldiers comb ground for bullet shells Soldiers in the country’s armed forces are also subject to strict firearm control measures. All soldiers are required to collect their empty cartridges after each rifle drill. One spent shell means a soldier has fired a shot. The practice of keeping track of every shot fired is aimed at “reducing risks of accidents caused by concealment of live ammunition...

North Korean leader Kim Jong-un convened the first meeting of the Central Military Commission in one year to discuss and decide on “crucial and urgent tasks” to bolster its military, the state media reported Wednesday. The third enlarged meeting of the eighth Central Military Commission of the Workers’ Party of Korea kicked off Tuesday, the state-run Korean Central News Agency said. The first an...

KCON, the world’s biggest Korean popular culture festival, will return to a physical location in over two years in Los Angeles in August. The event is headlined by the trendiest lineup of K-pop groups, including Enhypen, Itzy and NCT Dream. CJ ENM, the Korean entertainment conglomerate organizing KCON, revealed on Wednesday the lineup of performers to feature in the global K-pop event, slated to...

The painting was made using ink and light color on silk and depicts the landscape of the eastern bank of the Hangang and the surrounding Eungbongsan. Reaching the top of the path from the riverside shows dokseodang, the main study area for the sagadokseo program’s participants. Civil servants in official uniforms are seen enjoying a boat ride along the riverside. Names and titles of the official...

South Korean retail giant Lotte Mart said Wednesday it has adopted an artificial intelligence-based screening system for better quality control of fruit products, an industry first here. The AI screening system, using near-infrared light, collects and analyzes data from fruits ranging from weight and sugar content to water content and ripeness. The new technology also allows to detect internal ...

South Korea’s main opposition Democratic Party’s internal strife continues, with members polarized on the internal ethics panel’s proposal to suspend Rep. Choe Kang-wook’s party membership over sexual misconduct allegation. The ethics panel ruled Monday to suspend Choe’s party membership for six months after he allegedly made questionable comments in an online meeting of party officials held in ...

INCHEON -- GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will launch the GMC brand in the second half, with the Sierra Denali set to be released as the brand's launch model in the Korean market. GM's decision to launch the GMC brand is part of the Detroit carmaker's multi-brand strategy in which the Korean unit produces compact SUVs in Korea and brings in large-siz...

Only 14 percent of South Koreans paid for online news content last year, according to a recent report. The proportion of people who said they paid for news content, however, has been gradually increasing over the past years, the report added. According to the 2022 Digital News Report, published by Reuters Institute, the proportion of survey respondents who had paid for online news content in Sou...

South Korea's top central banker will head to Switzerland this week to attend the general assembly of the Bank for International Settlement (BIS), his office said Wednesday. BOK Gov. Rhee Chang-yong will leave for Basel on Thursday to attend the annual BIS meeting over this weekend, according to the BOK. Rhee is to meet with top central bankers of other countries and exchange views on the lates...

Foreign currency deposits at banks in South Korea grew in May due to increased corporate savings, central bank data showed Wednesday. Residents' outstanding foreign currency-denominated deposits reached $89.17 billion as of end-May, up $2.18 billion from the previous month, according to the data from the Bank of Korea (BOK). Residents include local citizens, companies, foreigners staying here f...