South Korea’s Former First Lady Kim Jailed Amid Bribery and Fraud Probe SEOUL — Former South Korean first lady Kim has been taken into custody, becoming the nation’s first ex-presidential spouse to be arrested. She now joins her husband, ousted president Yoon Suk Yeol, in detention as he faces trial on insurrection charges following his […]
South Korea typically experiences monsoon rains in July, but three areas in the country’s South Chungcheong province experienced some of the heaviest hourly downpours on record this week, official weather data showed. The western Seosan area was hit by rainfall peaking at 114.9 millimeters (4.5 inches) per hour, “a level typically seen only once in […]
South Korea typically experiences monsoon rains in July, but three areas in the country’s South Chungcheong province experienced some of the heaviest hourly downpours on record this week, official weather data showed. The western Seosan area was hit by rainfall peaking at 114.9 millimeters (4.5 inches) per hour, “a level typically seen only once in […]
With the new and concluding season of ‘Squid Game’, now streaming, social media is once again flooded with claims that suggest that the Netflix series depicts the true stories from Brothers’ Home, a concentration camp in South Korea’s Busan, where over 40,000 people were held under ‘anti-vagrancy laws without trial, legal representation, or any due […]
Earlier, South Korea’s main opposition party named its former leader Lee Jae-myung as its candidate for June presidential elections following the impeachment of president Yoon Suk Yeol over his martial law declaration. Lee, who won the nomination with an overwhelming 89.7 percent of the vote, will represent the Democratic Party against a candidate from Yoon’s […]
The June 3 presidential poll will decide who replaces Yoon Suk Yeol, who was removed from office over his declaration of martial law in December, sending South Korea into a period of prolonged political turmoil. Yoon’s People Power Party (PPP) had initially chosen Kim Moon-soo, a former labour minister who won the party’s primary last […]
Yoon declared martial law in December, sending armed soldiers to parliament before reversing course. He was quickly impeached by lawmakers but resisted arrest for weeks in a criminal probe. After a lengthy standoff, in which his security detail played a key role, he became South Korea’s first sitting head of state to be arrested in […]
The measures come in response to calls on the government to expand support at a time of growing policy uncertainty under the current U.S. administration and rising competition from Chinese rivals, the government said in a statement. Seoul will also ramp up a financial assistance programme for the chips industry to 20 trillion won, versus […]
The anxiety has sparked a rush into safe havens, sending the Swiss franc soaring to a decade high against the dollar, and gold to a new peak after a brief but massive relief rally following U.S. President Donald Trump’s move to temporarily lower tariffs on many countries. The selloff in U.S. Treasuries picked up pace […]
The ruling caps months of political turmoil that have overshadowed efforts to deal with the new administration of U.S. President Donald Trump at a time of slowing growth in Asia’s fourth-largest economy. With Yoon’s ouster, a presidential election is required to take place within 60 days, according to the country’s constitution. Prime Minister Han Duck-soo […]
