Page 12 - South Korea

Hyundai Motor to invest record $16.7 billion in South Korea this year

The planned investment by Hyundai Motor Group includes 11.5 trillion won in research and development for next-generation products

South Korea's Yoon Suk faces second arrest attempt in fortified compound

A court re-issued an arrest warrant for Yoon this week, sparking protests on both sides

Jeju Air's problems mount after plane crash that killed 179 people

Jeju Air's stock price, already trading near record lows, has fallen 10% since the crash

North Korea fires suspected ballistic missile as Blinken visits Seoul

South Korea's military said the missile was launched eastward at around noon (0300 GMT) shortly after Blinken met with South Korean Acting President Choi Sang-mok

South Korea police seek to extend impeached President's arrest warrant

South Korea's anti-corruption agency has requested that police take over efforts to detain impeached President Yoon Suk Yeol after its investigators failed to bring him to custody following an hours-long standoff with the presidential security service last week. The agency and police confirmed the discussion on Monday, hours before the one-week warrant for Yoon's detention was to expire. The Corruption Investigation Office for High-ranking Officials will likely seek a new court warrant to extend the window for Yoon's detention, according to police. The Seoul Western District Court had issued a warrant to detain Yoon on December 31, after he dodged several requests by investigators to appear for questioning. The anti-corruption agency, which leads a joint investigation with police and military investigators, is weighing charges of rebellion after the conservative president, apparently frustrated that his policies were blocked by a legislature dominated by the liberal opposition, ...

S Korea's anti-corruption agency fails to detain impeached president Yoon

The CIO has until Monday to execute the arrest warrant linked to Yoon's short-lived imposition of martial law on December 3

With 242,334 babies in 2024, S Korea records rise in birthrate after 9 yrs

Earlier on December 24, South Korea officially entered the category of a super-aged society, with individuals aged 65 and older making up one-fifth of its population

Leaked files show Russia's military preparedness against Japan, South Korea

Leaked documents reveal Russia's military strategy to address its concerns over eastern borders in a potential NATO conflict. This is due to the potential involvement of US assets and regional allies

Crypto mogul Do Kwon pleads not guilty in first US court appearance

South Korean cryptocurrency mogul Do Hyeong Kwon pleaded not guilty on Thursday to a freshly unsealed indictment released in time for his first US court appearance. Kwon entered the plea in Manhattan federal court two days after his extradition from Montenegro. The indictment alleges that the man dubbed by some as the cryptocurrency king lied to investors from 2018 to 2022 to fool them into pouring money into Terraform Labs, the Singapore crypto firm he cofounded. Authorities say investors worldwide were harmed by the $40 billion crash of Terraform Labs' cryptocurrency. The May 2022 collapse came despite the company's claim that TerraUSD was a stablecoin that could be relied upon. Kwon did not speak during his court appearance, except to acknowledge that he understood English. His lawyer, Andrew Chesley, entered not guilty pleas to two separate versions of the indictment charging him with conspiracy, along with commodities, securities and wire fraud. A money laundering charge was

South Korea police search Jeju Air, airport operator over fatal plane crash

Police investigators are searching the offices of the airport operator and the transportation ministry aviation authority in the southwestern city of Muan

Yoon Suk Yeol issues defiant message as authorities mull his detention

Impeached South Korean President Yoon Suk Yeol issued a defiant statement to his conservative supporters gathered outside his residence in the capital of Seoul, vowing to fight to the end against what he called anti-state forces, as law enforcement prepared to detain him over last month's martial law decree. The Corruption Investigation Office for High-Ranking Officials has a week to execute its detainment warrant against Yoon, issued by a Seoul court on Tuesday. The warrant came after Yoon defied several requests to appear for questioning and blocked searches of his office, hindering an investigation into whether his short-lived power grab on Dec 3 amounted to rebellion. Oh Dong-woon, the anti-corruption agency's chief prosecutor, has indicated that police forces might be deployed if Yoon's security service resists the detention attempt, which could occur as early as Thursday. But it remains unclear whether Yoon can be compelled to submit to questioning. In a message to hundreds of

South Korea sharply trims GDP growth forecast after martial law fiasco

The Finance Ministry sees the economy now growing 1.8 per cent in 2025 after expanding 2.1 per cent last year, it said in a statement on Thursday

S Korean investigators extract black box data to find exact cause of crash

Grieving relatives of the victims of the South Korea plane crash gathered at the site to pay respects to their loved ones on New Year's Day, as officials said they've extracted data from one of the retrieved black boxes to find the exact cause of the crash. All but two of the 181 passengers and crew on board the Boeing 737-800 operated by Jeju Air died when it crashed at Muan International Airport, in southern South Korea, on Sunday. Video showed the aircraft without its landing gear deployed landing on its belly at high speed and then skidding off the end of the runaway into a concrete fence and bursting into flames. The footage showed the plane was experiencing an apparent engine problem in addition to the landing gear malfunction. Investigators say the pilot received a warning from air traffic controllers of possible bird strikes and the plane issued a distress signal before the crash. The Transport Ministry said in a statement Wednesday that it has completed works to extract da

South Korea to send Jeju Air flight data recorder to US for analysis

A team from the United States had arrived in South Korea on Monday and began joint investigations with South Korean officials

Yoon Suk-yeol will be arrested within deadline, says anti-corruption chief

Yoon was impeached by the National Assembly over his attempt to impose martial law in the country on December 3

US, Boeing investigators examine site of deadly South Korean plane crash

A team of US investigators including representatives from Boeing have examined the site of a plane crash that killed 179 people in South Korea while authorities were conducting safety inspections on all Boeing 737-800 aircraft operated by the country's airlines. All but two of the 181 people aboard the Boeing 737-800 operated by South Korean budget airline Jeju Air died in Sunday's crash. Video showed the aircraft, without its landing gear deployed, crash-landed on its belly and overshoot a runaway at South Korea's southern Muan International Airport before it slammed into concrete fence and burst into a flame. The plane was seen having an engine trouble, and preliminary examinations also say the pilots received a bird strike warning from the ground control centre and issued a distress signal as well. But many experts say the landing gear issue was likely the main cause of the crash. The South Korean government has launched safety inspections on all the 101 Boeing 737-800s in the ..

South Korea's acting president Sang-mok calls for national harmony, unity

Republic of Korea is in an unprecedentedly serious situation, Choi said in a written statement, citing changes around global trade, diplomacy and security, as well as domestic political uncertainty

Survivors of South Korea's deadly plane crash: How 2 crew members made it

A passenger plane at a South Korean airport skid off the runway on Sunday, hit a concrete barrier and burst into flames; 179 passengers lost their lives in the crash

South Korea plane crash: Experts flay runway design; airport embankment

All 175 passengers and four of the six crew were killed when a Jeju Air Boeing 737-800 belly-landed and skidded off the end of the runway

South Korea court issues warrant for President Yoon over martial law probe

This is the first arrest warrant issued for an incumbent president in South Korea, according to local media