Page 72 - South Korea

South Korea's 5G user base reaches 12 mn in 2020, up 900,000 since 2019

The figure accounted for 16.8 per cent of the total 70.5 million mobile network subscriptions in the country

Samsung scion Lee Jae-yong will not appeal prison sentence for bribery

Samsung scion Lee Jae-yong and prosecutors have decided not to appeal a court ruling that convicted him for bribing South Korea's former president for business favours, confirming a prison term of two and a half years for the country's most influential corporate leader, according to lawyers and court officials on Monday. But Lee's legal troubles aren't over. He has been indicted separately on charges of stock price manipulation, breach of trust and auditing violations related to a 2015 merger between two Samsung affiliates. The deal helped strengthen Lee's control over Samsung's corporate empire. The bribery allegation involving Lee was a key crime in the 2016 corruption scandal that ousted Park Geun-hye from the presidency and sent her to prison. In a much-anticipated retrial of Lee last week, the Seoul High Court found him guilty of bribing Park and one of her close confidantes to win government support for the contentious merger between Samsung C&T and Cheil Industries, which ..

Samsung scion Lee Jae-yong won't appeal prison sentence for bribery

The bribery allegation involving Lee was a key crime in the 2016 corruption scandal that ousted Park Geun-hye from the presidency and sent her to prison

Outbreak at missionary school as South Korea reports 437 new Covid-19 cases

Prime Minster Chung Sye-kyun during a virus meeting called for health officials to deal swiftly with the outbreak at the Daejeon school and prevent transmissions from spreading further

WTO tells US to revise trade measures into line against South Korea

The World Trade Organization recommended on Thursday that the United States bring a series of duties imposed in the pre-Trump era on South Korea into line with global trading rules.

Kia reviews electric car cooperation with multiple firms after Apple report

Kia's listed sister company Hyundai Motor Co said earlier this month it was in early talks with Apple, after local media reported the firms were discussing an electric car and battery-tie up

Mobile carriers eye more 5G users with launch of Samsung Galaxy S21

South Korean mobile carriers are seeking to boost their growing user base on the latest 5G network

Heir to Samsung faces day of reckoning after four years of graft trial

A South Korean court will sentence Samsung heir Jay Y Lee on a bribery charge, a ruling likely to have ramifications not just for his company but for all of South Korea's chaebol conglomerates

South Korean court confirms 20-year term for ex-president Park over bribery

South Korea upheld a 20-year prison term for former President Park Geun-hye over bribery and other crimes as it wrapped up a historic corruption case

Armed Iranian Guards board South Korean tanker, force ship to change course

Armed Iranian Revolutionary Guard troops stormed a South Korean tanker and forced the ship to change course and travel to Iran, the vessel's owner said

Iran state TV acknowledges it seized South Korean-flagged oil tanker

Iranian state television has acknowledged that Tehran seized a South Korean-flagged oil tanker in the Strait of Hormuz

Fatal incident halts Hyundai's South Korean factory after retooling

Hyundai Motor Group Chairman Euisun Chung expressed deep condolences in a New Year's message on Monday

World Coronavirus Dispatch: Why UK is delaying second dose of vaccines

Last Covid effects, Taiwan plans Covid free country, fresh wave in South Korea, and other pandemic-related news from across the globe

South Korea's 5G users near 11 million in November, says report

South Korea racked up nearly 11 million users on fifth-generation (5G) wireless networks as of end-November

South Korea plans to roll out its own Covid-19 vaccine late next year

South Korea will be able to develop its own Covid-19 vaccine late next year, the country's Prime Minister Chung Sye-kyun said

Prosecutors seek 9-year prison term for Samsung chief Lee Jae-yong

South Korean prosecutors on requested a nine-year prison term for Samsung's de facto chief, Lee Jae-yong, during a retrial of his bribery charges

Army chief begins visit to South Korea; holds talks with top military brass

It is the first-ever visit by a head of the Indian Army to South Korea

South Korea reports its first cases of new Covid variant first seen in UK

South Korea has confirmed the first three cases of the new coronavirus strain in the country, according to the Korea Disease Control and Prevention Agency

Army Chief Naravane proceeds on three-day visit to Republic of Korea

Chief of Army Staff General MM Naravane has proceeded on a three-day visit to the Republic of Korea from December 28 to 30, said the Indian Army on Monday

Once a billionaire factory, South Korea's beauty industry turns ugly

Pandemic has taken a double hit on K-beauty. Social distancing and remote work have lessened demand for makeup and led to store closures