Page 11 - South Korea

Appliances, display biz to add 50% to India topline in 3 yrs: Samsung

Consumer electronics major Samsung expects its appliances and display business to scale up substantially in India, contributing to half of the topline in the next three years, J B Park, President & CEO of Southwest Asia has said. The current penetration of consumer electronic products in India is still low, a major market for the South Korean Chaebol, however, it is expected to scale up, helped by factors such as the rise of the Indian economy and middle class. Samsung is aggressively expanding its play into the consumer electronics segment by democratising the latest features such as AI in the appliances and display segment (QLED and OLED TVs), which is helping it to gain significant market share in the premium segment. "The consumer electronic penetration in the Indian market is still very low. I think consumer electronics will have much bigger growth, which will increase our revenue portion of the category against mobile phones," said Park. However, penetration of India's ...

S Korea's Yoon defends martial law in first public appearance since arrest

South Korea's impeached president denied Tuesday that he ordered the military to drag lawmakers out of the National Assembly to prevent them from voting to reject his martial law decree last month, as he appeared for the first time before the Constitutional Court that will determine his fate. Yoon Suk Yeol's presence at the court was his first public appearance since becoming South Korea's first sitting president to be detained over his short-lived declaration of martial law, which plunged the country into political turmoil. After abruptly imposing martial law on Dec 3, Yoon sent troops and police officers to encircle the National Assembly, but enough lawmakers managed to enter to vote unanimously to reject his decree, forcing Yoon's Cabinet to lift the measure early the following morning. Yoon, a conservative, has since argued that his dispatch of troops was not meant to block the assembly but instead was a warning to the main liberal opposition Democratic Party, which has used its

Himanta pitches for investing in Assam before South Korean industrialists

Chief Minister Himanta Biswa Sarma on Monday pitched before industrialists in South Korea the locational, strategic and policy advantages of Assam, inviting them to invest here. He also emphasised the Centre's focus on the Northeast and the commitment of top business houses of the country to push for industrial growth in the region. "Advantage business ties! I began the day in Seoul by speaking to over 140 business leaders at the Advantage Assam roadshow, organised by the Indian Chamber of Commerce in South Korea," Sarma posted on X. The chief minister had reached Seoul on Sunday on a three-day trip to woo investors for the 'Advantage Assam 2.0' business summit, scheduled here on February 25 and 26. "Their enthusiasm towards being a part of #AdvantageAssam2 was phenomenal. The Korean business community was buoyed by India's position as the world's fastest growing major economy and the unique opportunities Assam can offer to them to access this market," he added. Sarma presented be

South Korea's Yoon shuns questioning as security raised after court rampage

Authorities said security was being beefed up at the Seoul Detention Centre where Yoon is being held as a pre-trial inmate and at the Constitutional Court which is holding an impeachment trial

S Korea president arrested over martial law decree, his supporters riot

South Korea's impeached president, Yoon Suk Yeol, was formally arrested early Sunday, days after being apprehended at his presidential compound in Seoul, as he faces possible imprisonment over his ill-fated declaration of martial law last month. Yoon's arrest could mark the beginning of an extended period in custody for him, lasting months or more. The Seoul Western District Court granted law enforcement's request for an arrest warrant for Yoon following an hourslong deliberation, saying he was a threat to destroy evidence. Yoon and his lawyers on Saturday appeared before the court's judge during a hearing and argued for his release. Yoon, who has been in detention since he was apprehended on Wednesday in a massive law enforcement operation at his residential compound, faces potential rebellion charges linked to his declaration of martial law on Dec. 3, which set off the country's most serious political crisis since its democratization in the late 1980s. The Corruption Investigatio

Impeached South Korean President Yoon argues for release before court

South Korea's impeached president on Saturday argued for his release before a Seoul judge as the court reviewed whether to grant a law enforcement request for his formal arrest. Yoon, who has been in detention since he was apprehended on Wednesday in a massive law enforcement operation at his residence, faces potential rebellion charges linked to his declaration of martial law on December 3, which set off the country's most serious political crisis since its democratisation in the late 1980s. The Corruption Investigation Office for High-Ranking Officials, which is leading a joint investigation with police and the military, requested the Seoul Western District Court to grant a warrant for Yoon's formal arrest. Yoon's lawyers said he spoke for about 40 minutes to the judge during the nearly five-hour closed-door hearing. His legal team and anti-corruption agencies presented opposing arguments about whether he should be held in custody. The lawyers did not share his specific ...

Bird feathers, blood likely found in engines of South Korea's crashed jet

About four minutes before the fatal crash, one of the pilots had reported a bird strike and declared an emergency before initiating a go-around and attempting to land on the opposite end of the runway

South Korea's impeached Prez refuses questioning again as detention looms

In order to hold Yoon in custody for longer, investigators are expected on Friday to ask a court to approve a detention warrant for up to 20 days, legal experts said

S Korean investigators question impeached Prez Yoon in insurrection probe

His arrest, the first ever for a sitting president in South Korea, is the latest head-spinning development in one of Asia's most vibrant democracies

WazirX's $235 mn hack linked to North Korea; US, Japan, S Korea to counter

The US, Japan, and South Korean governments have pledged to counter North Korea by imposing sanctions and strengthening cybersecurity in the Indo-Pacific region

South Korean investigators arrest impeached President Yoon, ending standoff

South Korea's impeached President Yoon Suk Yeol was detained in a massive law enforcement operation at the presidential compound on Wednesday morning, saying he complied with the warrant after weeks of defiance over attempts to question him in the investigation over his imposition of martial law last month. In a video message recorded before he was escorted to the headquarters of the anti-corruption agency, Yoon lamented that the "rule of law has completely collapsed in this country". Yoon's lawyers tried to persuade investigators not to execute the detention warrant, saying the president would voluntarily appear for questioning but the agency declined. The Corruption Investigation Office for High-Ranking Officials said Yoon was brought into custody about three hours after hundreds of law enforcement officers entered the residential compound in the agency's second attempt to detain him, this time without encountering meaningful resistance. A series of black SUVs, some equipped with .

S Korean officials enter presidential compound to detain impeached Yoon

Seemingly hundreds of law enforcement officials in South Korea entered the residential compound of impeached President Yoon Suk Yeol early on Wednesday in the capital Seoul. It was their second attempt to detain him over his imposition of martial law last month. Following an hourslong standoff at the compound's gate, anti-corruption investigators and police officers were seen moving up the hilly compound. Police officers were earlier seen using ladders to climb over rows of buses placed by the presidential security service near the compound's entrance. Law enforcement officials may face more obstacles as they approach Yoon's residential building. The Corruption Investigation Office for High-Ranking Officials and police are jointly investigating whether Yoon's brief martial law declaration on December 3 amounted to an attempted rebellion. They pledged more forceful measures to detain him after the presidential security service blocked their initial efforts on January 3. Anti-corrupt

Top aide of Yoon Suk pleads for investigators to halt detention efforts

The top aide of impeached President Yoon Suk Yeol pleaded with law enforcement on Tuesday to abandon their efforts to detain him over last month's martial law imposition, as authorities prepared a second attempt to take him into custody. In his statement, presidential chief of staff Chung Jin-suk said Yoon could instead be questioned at a third site or at his residence and claimed that the anti-corruption agency and police were trying to drag him out like he was a member of a South American drug cartel. Yoon has not left his official residence in Seoul for weeks, and the presidential security service prevented dozens of investigators from detaining Yoon after a nearly six-hour standoff on Jan. 3. The Corruption Investigation Office for High-Ranking Officials and police pledged more forceful measures to detain Yoon while they jointly investigate whether Yoon's brief martial law declaration on Dec. 3 amounted to an attempted rebellion. The National Police Agency has convened multiple

N Korea launches projectile toward eastern waters in year's second launch

North Korea on Tuesday test-fired at least one unidentified projectile toward its eastern waters, South Korea's military said, as it continued its weapons demonstrations ahead of Donald Trump's return to the White House. South Korea's joint chiefs of staff didn't immediately confirm whether the test involved a ballistic missile or another type of weapon. It wasn't immediately clear how far the weapon flew. It was North Korea's second launch event of 2025, following a ballistic launch last week. North Korea said the January 6 test was a new hypersonic intermediate-range missile designed to strike remote targets in the Pacific as leader Kim Jong Un vowed to further expand his collection of nuclear-capable weapons to counter rival nations. North Korea is coming off a torrid year in weapons testing. The systems it demonstrated in 2024 included solid-fuel intercontinental ballistic missiles designed to strike the US mainland and various shorter-range missiles designed to overwhelm missi

Attempts to arrest impeached South Korean Prez Yoon: All you need to know

For weeks, impeached South Korean President Yoon Suk Yeol has holed up inside his guarded residential compound as investigators try to figure out how to detain him. Scuffles occurred Jan 3 when dozens of investigators were stopped from entering the compound by presidential security forces, military personnel and vehicle barricades. Since then, thousands of opponents and supporters have gathered daily in competing rallies near his official residence in Seoul, as the country's anti-corruption agency and police prepare another attempt to take the president into custody. One side demands Yoon's ouster and arrest, while the other vows to defend him. Separated by police lines and fences, the two groups constantly exchange verbal insults across the divide. One person was arrested Sunday when he waved a box cutter in a heated argument, but no one was hurt. Still, tensions are escalating. Yoon's lawyers have claimed that images of him being dragged out in handcuffs could trigger a huge ...

Soldiers from North in Ukraine, show no desire to defect: South Korea's NIS

South Korea's spy agency told lawmakers on Monday that two North Korean soldiers who were captured by Ukrainian forces while fighting alongside Russian forces in Russia's Kursk border region haven't expressed a desire to seek asylum in South Korea. Ukrainian President Volodymyr Zelenskyy said on the social media platform X that he's willing to hand over the soldiers to North Korea if the country's authoritarian leader, Kim Jong Un, arranges for an exchange with Ukrainian prisoners of war in Russia. Zelenskyy added that there may be other options for North Korean soldiers who do not wish to return home, and a video released by his government indicated that at least one of the captured soldiers expressed a desire to remain in Ukraine. In a closed-door briefing at South Korea's National Assembly, the National Intelligence Service confirmed its participation in the questioning of the North Korean soldiers by Ukrainian authorities. The agency said the soldiers haven't expressed a request

S Korean lawmakers seek independent probe over President Yoon's impeachment

South Korean opposition parties introduced a bill Thursday calling for an independent investigation into impeached President Yoon Suk Yeol's brief martial law declaration, as thousands of his supporters and critics held tense rallies near his residence ahead of his potential detention. The bill, jointly submitted by six parties, including the main liberal opposition Democratic Party, proposes that a special prosecutor investigate whether Yoon's martial law decree on December 3 constituted an attempted rebellion. The bill also calls for an investigation into opposition claims that Yoon sought to provoke a clash with North Korea by allegedly flying drones over Pyongyang or discussing the possibility of shooting down trash-laden balloons launched from North Korea across the border, to justify a power grab at home. Yoon's lawyers and the South Korean military have denied the suspicions. Yoon remained holed up at his official residence in the capital city of Seoul, where the presidential

As South Korea's Yoon awaits fate, his party sees signs of revival

Yoon, suspended from duties after his short-lived imposition of martial law on Dec.3 and under criminal investigation for possible insurrection

South Korea's impeached president's wife found guilty of plagiarism

Sookmyung Women's University shared findings from a 2022 investigation into Kim Keon-hee's 1999 master's thesis, granting her until January's end to appeal

South Korea's Yoon to accept court decision even if it ends presidency

The suspended president has defied repeated summons in a separate criminal investigation into allegations he masterminded insurrection with his Dec. 3 martial law bid