Korea’s ICT exports hit all-time highs in 2022
The Ministry of Trade, Industry and Energy (MOTIE) announced on January 12 that shipments of Korea’s information and communications technology (ICT) products in 2022 reached an all-time high of USD…
January 13, 2023
S.Korean Finance Minister Warned Of Economic Difficulties In 2023
SEOUL, Jan 13 (NNN-YONHAP) – South Korean finance minister, yesterday warned of economic difficulties this year, due to the so-called three-high phenomenon, including high inflation, high interest rates and high…
S.Korea Raised Interest Rate By 25 BPs To 3.5 Percent
SEOUL, Jan 13 (NNN-YONHAP) – South Korea’s central bank, today raised the interest rate by 25 basis points, delivering seven back-to-back rate hikes.Bank of Korea (BOK) Governor, Rhee Chang-yong and…
SUSPECT CHARGED WITH MURDER IN ASSASSINATION OF JAPAN’S ABE
Japanese prosecutors formally charged the suspect in the assassination of former Prime Minister Shinzo Abe with murder, sending him to stand trial, a court said Friday.Tetsuya Yamagami was arrested immediately…
Top court confirms damages payment to investors over Bithumb service outage
SEOUL-- The Supreme Court has finalized a ruling that ordered damages payment totaling 251.4 million won (US$202,400) to investors over a service outage at the country's largest cryptocurrency exchange Bithumb,…
Appellate court acquits 3 officials in McDonald’s tainted patty case
SEOUL-- A former official of McDonald's Korea and two others were acquitted Friday on charges of lying about the amount of tainted patties in its inventory in an attempt to…