The special counsel investigation into the Air Force sexual abuse scandal officially kicked off Tuesday, more than a year since the victim -- 23-year-old Master Sgt. Lee Ye-ram -- took her own life. Ahn Mi-young, the prosecutor tasked with leading the probe, told reporters outside the team’s office in western Seoul that the military was facing “mounting allegations of mishandling sexual abuse co...

A series of guided tour programs to royal tombs of the Joseon era (1392-1910) will be conducted starting next Monday to Nov. 7, the Cultural Heritage Administration’s Royal Palaces and Tombs Center announced Tuesday. The program titled, “Wangneungcheonhaeng,” which means “a thousand ways to travel the royal tombs,” will offer 23 tours led by a number of experts in the field. There are five them...

Seoul shares nosedived by over 1.5 percent Tuesday amid concerns about fast-growing inflation pressure that may strengthen monetary tightening in the United States and other major economies. The Korean won steeply fell against the US dollar. The benchmark Korea Composite Stock Price Index 44.31 points, or 1.66 percent, to close at 2,626.34 points. Trading volume was moderate at about 517 millio...

With the arrival of the coronavirus pandemic’s endemic phase, South Korea’s duty-free shops are starting to see their long-awaited business recovery with a growing number of group tours, industry sources said Tuesday. According to a Lotte Duty Free official, some 150 tourists from Malaysia shopped at the Myeongdong branch for an hour on Tuesday before returning to their country. “It’s the first...

SEJONG -- The nation’s high inflation, which has led to a spike in consumer prices since the latter half of 2021, is weakening the purchasing power of households in the low-income bracket, as they spend a large portion of their monthly disposable income on daily necessities, state data showed Tuesday. According to the Finance Ministry and Statistics Korea, households which belong to the bottom 2...

Samsung Biologics has signed an intent letter for a contract manufacturing organization deal worth $81 million with multinational pharmaceutical firm Norvatis Pharma, the South Korean company announced Tuesday. According to the contract manufacturing giant’s regulatory filing, the two sides on Friday signed the initial contract, which is equivalent to 6.41 percent of the company’s annual sales o...

LONDON -- British Prime Minister Boris Johnson survived a no-confidence vote on Monday, securing enough support from his Conservative Party to remain in office despite a rebellion that leaves him a weakened leader with an uncertain future. Known for his ability to shrug off scandals, the charismatic leader has struggled to turn the page on revelations that he and his staff repeatedly held boozy ...

Samsung Electronics Vice Chairman Lee Jae-yong on Tuesday left for Europe, home to key partners of the world’s largest memory chip maker’s renewed push for chip supremacy. Upon his departure from Seoul’s Gimpo Airport earlier in the day, some 50 journalists shouted questions on the purpose of the trip and plans for any new deals, but the Samsung chief declined to answer any of them. Lee’s Europ...

Late-night subway services on additional subway lines were resumed Tuesday amid robust demand for transportation services at night, following the lifting of most social distancing rules. According to Seoul Metro, the operator of the Seoul subway system, the operation hours of Line No. 2, and Line Nos. 5 to 8 are extended by one hour to 1 a.m. on weekdays. The subway operator said that late-nigh...

The United States and South Korea would take “swift and forceful responses” when North Korea carries out a nuclear test, including additional sanctions, a senior US official said Tuesday. US Deputy Secretary of State Wendy Sherman issued the warning after a meeting with South Korean Vice Foreign Minister Cho Hyun-dong in Seoul. In addition to warning against the potential nuclear test, which wou...

UN-HABITAT PARTNERS WITH OCEANIX -- The UN-Habitat Korean National Committee signed a memorandum of understanding with Oceanix, a New York-based “blue tech” company, at its Yeouido office in Seoul on Tuesday. This agreement was designed to realize the world‘s first sustainable sea city pilot model, “Oceanix Busan,” unveiled at the UN headquarters in New York on April 26 as a successful business a...

SHENZHEN, China , June 7, 2022 /PRNewswire/ -- Geekbuying, China's leading online retailer focusing on cross-border export e-commerce, announced a brand upgrade in June 2022 , releasing a new logo and VI system, branding position, and core values. It is transforming from an online shopping platform dominated by selling electronic products to a cross-border brand channel ecosystem builder. ...

LG Solidifies its Ultra-Premium Status in the European Market W ith its High-End Built-In Kitchen Solutions SEOUL, South Korea , June 7, 2022 /PRNewswire/ -- LG Electronics (LG) will present the essence of its ultra-premium built-in kitchen appliance brand at Milan Design Week 2022, the globally-renowned design event anchored by the Salonedel Mobile, from June 7-12 . Since making its highl...

LG Innotek said it has agreed to support some 200 partner firms’ efforts to improve their environmental, social and corporate governance. The electronic component maker signed a deal with the Korea Commission for Corporate Partnership to jointly develop ESG indexes for its partner companies, provide education, assessments and consulting services. The commission has signed similar agreements wit...