KB News DeskEx-PM Kim Min-seok takes DP helm
DAEJEON ― Rep. Kim Min-seok, a four-term lawmaker and former prime minister, won the ruling Democratic Party of Korea leadership on Monday, strengthening President Lee Jae Myung’s support base in…
Amy Hunt wins four golds at European Championships
British sprinter Amy Hunt won four gold medals at the European Athletics Championships in Birmingham, becoming the first woman to achieve the feat at a single edition of the competition.…
Park Soo-keun's 'Tree and Woman' heads to auction with up to W800m estimate
K Auction’s Aug. 26 sale led by beloved painter’s signature motif; Lee Dai-won works also on the block A painting from Park Soo-keun’s “Tree and Woman” series, one of the…
Korea seeks to keep $200b US investment rollout on track
South Korea and the US are seeking to resolve last-minute issues over a $200 billion Korean investment package, potentially complicating Seoul’s goal of unveiling the first projects by the end…
Chey, Gates deepen nuclear ties for AI power
SK Group Chair Chey Tae-won and TerraPower Chair Bill Gates have met twice over the past year, signaling that their companies’ relationship is expanding beyond investment into a strategic partnership…
Samsung ‘Ghost shares’ ruling raises cost of brokerage control failures
Supreme Court holds securities firm liable for investor losses, raising pressure for stronger safeguards A Supreme Court ruling against Samsung Securities over its 2018 “ghost shares” scandal has raised the…
Korea Eximbank lends Glencore $1b to secure copper
The Export-Import Bank of Korea said Monday it would provide $1 billion in financing to Swiss commodities giant Glencore in return for a stable supply of copper to Korean companies.…
Samsung chairman remains unpaid; SK Group chief receives 1.75 bln won in H1
Samsung Electronics Chairman Lee Jae-yong continued to receive no compensation in the first half, while SK Group Chairman Chey Tae-won received 1.75 billion won (US$1.23 million), regulatory filings showed Friday.…
H&M discloses customer data breach in South Korea
The Swedish fashion retailer said email addresses, phone numbers and order or return reference numbers among information compromised Swedish fashion giant H&M has disclosed a data breach that exposed some…
Lee says job crunch has hit young generation hard
The younger generation of Koreans are bearing the brunt of a “jobless recovery” brought on by slower economic growth, President Lee Jae Myung said Friday at a meeting on youth…
