KB News DeskPPP at risk of losing W40b won after Yoon's election law conviction
A Seoul court convicted former President Yoon Suk Yeol of election law violations Monday, putting the main opposition party at risk of returning nearly 40 billion won ($27.3 million) that…
Coupang makes won stablecoin push with Woori Bank
Coupang has teamed up with Woori Bank to test real-time settlement using won-backed stablecoins, positioning its commerce and delivery network as a potential launchpad for the digital currency. The two…
Hanwha Ocean Q2 profit nearly doubles on high-margin LNG ships
Hanwha Ocean said Monday its second-quarter operating profit nearly doubled from a year earlier, driven by the ramp-up of liquefied natural gas carriers and other large projects, as well as…
Man fined for stalking ex-girlfriend over date expenses
A 45-year-old man was fined for stalking his former girlfriend by repeatedly contacting her and demanding reimbursement for the money he spent on their dates, local media reported Monday. The…
Seoul shares end higher on tech gains amid eased Mideast tensions
After choppy trading, South Korean stocks finished nearly 1 percent higher Monday as investors bought tech shares amid a pause in Middle East hostilities. The local currency declined against the…
Lotte boosts Choco Pie capacity in India by 33%
Lotte Wellfood said Monday that it has begun full-scale operations at a fourth Lotte Choco Pie production line in India, expanding capacity to meet growing local demand. The company invested…
HLB Pep advances US push with vasopressin filing
HLB Pep said Monday that it has registered its vasopressin active pharmaceutical ingredient with the US Food and Drug Administration’s Drug Master File system, advancing its push into global peptide…
Jang Won-young's first pitch brings Mets good luck
The New York Mets, with IVE member Jang Won-young throwing the ceremonial first pitch, ended the Los Angeles Dodgers’ five-game winning streak. The Mets defeated the Dodgers 8-3 at Citi…
Homeplus bond probe closes in on MBK leadership
Prosecutors on Monday summoned MBK Partners Vice Chairman and Homeplus co-CEO Kim Kwang-il, stepping up their investigation into the private equity firm’s alleged role in the retailer’s financial crisis. The…
Lee Moon Won Bio secures W800m in TIPS funding for hair-loss research
Lee Moon Won Bio said Monday it has been selected for TIPS, South Korea’s flagship government-backed program for promising technology startups. The research company was founded on two decades of…
