The opposition-controlled National Assembly passed one of the four contentious broadcasting bills aimed at reducing the government's influence over public broadcasters Friday, with lawmakers of the ruling party leaving in protest. The passage followed the main opposition Democratic Party ending the ruling People Power Party's filibuster during a plenary session after 24 hours. The bill was then put to a vote and passed in a 183-0 vote, in which only lawmakers from opposition pa

Politics July 26, 2024

A local court on Friday issued arrest warrants for two YouTubers accused of blackmailing and extorting "mukbang" YouTube star Tzuyang. The Suwon District Court issued the warrants after questioning Lee Jun-hee and Jeon Kuk-jin, known by their YouTube channel names, Gujeyeok and Jujakgambeolsa, respectively, on charges of blackmail, threats and extortion against Tzuyang. The court cited the gravity of their charges, as well as concerns over secondary victimization of the YouTube s

Social Affairs July 26, 2024

South Korean shares closed sharply higher Friday, ending a two-day losing streak on large cap gains led by financial firms and shipbuilding companies. The local currency fell slightly against the US dollar. The benchmark Korea Composite Stock Price Index added 21.25 points, or 0.78 percent, to close at 2,731.90. Trading volume was moderate at 504.7 million shares worth 12.8 trillion won ($9.24 billion), with gainers outnumbering losers 594 to 288. Institutions purchased a net 394 billion won wor

Market July 26, 2024

Lee Sang-in, acting chief of South Korea's state broadcasting regulator, voluntarily stepped down Friday ahead of the National Assembly's planned vote on his impeachment motion. The main opposition Democratic Party, which has the majority of seats in the National Assembly, tabled a motion to impeach Lee, apparently aimed at blocking the Korea Communications Commission from taking control of public broadcaster MBC. President Yoon Suk Yeol accepted Lee's resignation offer, his offic

Politics July 26, 2024

Two-time Olympic champion Kim Woo-jin finished first in the men's individual archery ranking round of the Paris Olympics on Thursday. Kim scored 686 points out of a maximum 720 points at Les Invalides in the French capital to grab the top seed for the individual tournament, which begins Tuesday with the round of 64. The 32-year-old won gold medals in the men's team event at each of the past two Olympics but he has never won an individual medal. As the top male performer for South Korea

More Sports July 26, 2024

South Korean shares opened higher Friday, tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index added 17.01 points, or 0.63 percent, to 2,727.66 in the first 15 minutes of trading. The KOSPI had dropped for two consecutive sessions following reports of poorer-than-expected second-quarter performances by major US tech firms. The Dow Jones Industrial Average advanced 0.2 percent Thursday, ending a two-day losing streak on reports that the US economy grew at a fas

Market July 26, 2024

South Korean shares dipped by nearly 2 percent Thursday as tech and auto stocks crashed following an overnight drop on Wall Street. The local currency fell slightly against the US dollar. The benchmark Korea Composite Stock Price Index lost 48.06 points, or 1.74 percent, to close at 2,710.65. Trading volume was heavy at 433 million shares worth 13.4 trillion won ($9.67 billion) with losers outnumbering gainers 728 to 160. Foreigners remained net sellers for a second straight session, dumping a n

Market July 25, 2024

The chief of the Seoul Central District Prosecutors Office was briefed on last week's questioning of first lady Kim Keon Hee more than three hours before he reported it to Prosecutor General Lee One-seok, sources said Thursday. The revelation came after the top prosecutor expressed frustrations that he had been in the dark about Saturday's questioning of Kim over a luxury bag scandal for some 10 hours, and ordered an inspection into what happened. The inspection is expected to focus on

Social Affairs July 25, 2024

North Korea's latest round of its balloon campaign involved around 500 balloons carrying scrap paper and plastic sheets, including those that fell on the presidential office compound in the capital, South Korea's military said Thursday. In what marked the second of its kind this week alone, North Korea launched the trash-carrying balloons the previous day, as the South Korean military blared anti-Pyongyang broadcasts in full scale through its border loudspeakers in response to the repe

North Korea July 25, 2024

Seoul shares opened sharply lower Thursday, tracking overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index lost 35.99 points, or 1.30 percent, to 2,722.72 in the first 15 minutes of trading. The Dow Jones Industrial Average dipped 1.25 percent, while the tech-heavy Nasdaq plunged 3.64 percent Wednesday on worse-than-expected Q2 performances by major tech companies, including Tesla. In Seoul, most large caps were in negative terrain. Market kingpin and tech giant Samsun

Market July 25, 2024

The United States on Wednesday slapped sanctions on a China-based network of six individuals and five entities for their alleged involvement in the procurement of items supporting North Korea's ballistic missile and space programs. The Treasury Department issued the sanctions after Pyongyang's persistent launches using ballistic missile technology, including a failed attempt at a military spy satellite launch in May, in breach of UN Security Council resolutions. The department stressed

North Korea July 25, 2024

President Yoon Suk Yeol appointed Kim Wan-sup, a former vice finance minister with expertise in budget planning, as the new environment minister Wednesday, his office said. Kim, known for his expertise in environment-related budget planning while serving in the finance ministry's key positions, was nominated by Yoon early this month to replace Environment Minister Han Wha-jin. The National Assembly's Environment and Labor Committee adopted a report on his confirmation hearing earlier i

Politics July 24, 2024

Former major league All-Star Choo Shin-soo became the oldest position player to appear in a game in the South Korean league Wednesday. At 42 years and 11 days old, Choo started as designated hitter for the SSG Landers against the KT Wiz at KT Wiz Park in Suwon, just south of Seoul, in their Korea Baseball Organization regular-season game. Choo moved past former Lotte Giants player Felix Jose, who was 42 years and eight days old when he played in his final KBO game on May 10, 2007. Jose also home

Baseball July 24, 2024

Prosecutors on Wednesday demanded a four-year prison term for actor Yoo Ah-in on charges of habitually abusing illegal drugs. The 37-year-old actor, whose latest works include the dark fantasy Netflix series "Hellbound," faces charges of illegally using propofol, a medical anesthetic, under the pretext of cosmetic procedures on 181 occasions between 2020-2022. He was also accused of abusing three other medical anesthetic drugs, including midazolam and ketamine. Charges against him also

Social Affairs July 24, 2024

Seoul shares closed lower Wednesday as most tech stocks and autos finished in negative terrain. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) lost 15.58 points, or 0.56 percent, to close at 2,758.71. Trade volume was moderate at 458.6 million shares worth 10.9 trillion won ($7.87 billion) with losers outnumbering gainer 489 to 368. Foreigners offloaded a net 271.7 billion won worth of local shares, while institutions and retail investors n

Market July 24, 2024