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Mon, January 18, 2021 | 20:08

Lee's jail sentence casts cloud on Samsung's business

The country's largest conglomerate has hit a major setback after an appellate court handed a prison sentence of two-and-a-half years to Samsung Electronics Vice Chairman Lee Jae-yong in a re-hearing of a major bribery case, Monday. The court ruling puts the tech giant back into a leadership vacuum hampering major investment decisions in new businesses, which many expect will hurt the company's global competitive edge Right after the ruling, the Korea Chamber of Commerce and Industry (KCCI), the country's top business lobby group representing the interests of conglomerates, said it had no official comment regarding Lee's sentence. The Federation of Korean Industries (FKI), another business lobby, released a statement expressing regret over the court's decision.

Moon calls on Biden to move forward from Singapore agreement with North Korea

President Moon Jae-in underlined an agreement reached between the U.S. and Nor...

Moon rejects pardons of ex-presidents

North Korea replaces economy-related Cabinet members

North Korea carried out a massive cabinet reshuffle in posts related to econom...

Foreign residents left out of digital-oriented banking service

Foreign residents are being left out of enhanced digital services, indicating Korea's much-touted digitization drive has yet to fully incl...

Heavy snow advisory issued for Seoul

A heavy snow advisory has been issued for Seoul and central and southwestern regions, the weather agency said Monday, forecasting nearly 1...

Lee Hee-moon unveils 4 new music videos

Genre-bending musician Lee Hee-moon unveiled four new music videos as part of his "Not Alone" project in collaboration with E-Won Art Fact...

President Moon assures citizens of COVID-19 vaccination safety

President Moon Jae-in said Monday that the country's drug safety ministry will thoroughly verify the safety of COVID-19 vaccines before the beginning of inoculations next month, ...

New virus cases at almost 2-month low on fewer tests, infections slowdown

Homegrown coronavirus treatment expected to be used from next month: PM

Korea reports 1st COVID-19 variant case from Brazil

Moon feels sorry for housing market turmoil

President Moon Jae-in acknowledged Monday the capital's housing market turmoil, but he added he will try to soothe such concerns by announcing new measures in terms of the supply...

'Short-selling gains 39 times greater than retail leveraged trading'

The returns on short-selling were 39 times greater than retail, leveraged trading over the past three years, highlighting the expanded gap in stock gains between individual, reta...

Shake Shack introduces Korean-inspired chicken sandwich in US

Mark Rosati, Shake Shack's culinary director, instantly “fell in love” with Korean fried chicken on his first trip here in 2015. He came with his team to explore the local cultur...

Netflix to roll out more original series based on Korean webtoons in 2021

Riding on the burgeoning popularity of webtoon-based Korean TV series like "Sweet Home" and "The Uncanny Counter" at home and abroad, U.S. streaming service giant Netflix is read...

What Seoul needs to do to become ASEAN's reliable strategic partner

The inception in 2017 of the New Southern Policy (NSP), the signature foreign policy initiative of President Moon Jae-in, opened a new chapter in Seoul's relations with ASEAN. To...

Nosediving movie theater business hampers CGV sale plan

With the movie theater industry facing unprecedented difficult times caused by the COVID-19 pandemic, CJ Group has shelved its plan to sell off its multiplex cinema chain. Accord...

Ulsan prepares for Club World Cup, hopefully

We may be in 2021 but soccer is not going to escape the shadow of the coronavirus any time soon. It is going to be with the sport for some time to come.

Suh chosen as sole CEO candidate for K bank

Hankook Tire & Technology Senior Vice President Suh Ho-sung has been chosen as the sole candidate to become the chief executive of K bank, the internet-only bank said, Monday.

Kevin Na has a big finish and wins the Sony Open

Three shots behind with six holes to play, Kevin Na birdied three straight holes and finished with an up-and-down birdie from behind the 18th green for a 5-under 65 and a one-sho...

Brazil clears emergency use of China's Sinovac, UK's AstraZeneca vaccines

Brazilian health regulator Anvisa on Sunday approved emergency use of COVID-19 vaccines from China's Sinovac Biotech Ltd and Britain's AstraZeneca, clearing the way for immunizat...

China economy grows 2.3% in 2020 as rebound from virus gains

China's economy grew 2.3% in 2020 as a recovery from the coronavirus pandemic accelerated while the United States, Europe and Japan struggled with disease flare-ups. Growth in th...

LG Energy Solution IPO could test Citigroup's friendship with SK

Attention is focusing on whether LG Energy Solution will select Citigroup Global Markets Securities as an underwriter for its planned initial public offering (IPO), despite the U...

Award-winning novel comes under fire for plagiarism

A novel that won five literary awards last year has been accused of plagiarizing another award-winning novel, drawing criticism for the poor screening process in selecting winner...

Man jumps to death inside shopping mall in Seoul

A man in his 40s died in an apparent suicide inside a shopping mall on Yeouido, Seoul, according to police Monday. The man jumped off the first basement level of the IFC Mall to ...

Boy group Cravity features in Airbnb's 'Inside K-pop' program

Members of rookie K-pop boy band Cravity will appear as “hosts” for “Inside K-pop,” Airbnb Korea's new online project that aims to introduce K-pop insiders.

Will Prestige BioPharma's upcoming IPO continue frenzy in bio market?

Singapore-headquartered Prestige BioPharma, a biopharmaceutical company focusing on the development of biosimilars and new antibody therapeutics, is set for initial public offeri...

KSOE eyes over $14.9 billion in new orders this year

Korea Shipbuilding & Offshore Engineering (KSOE), a holding firm of Hyundai Heavy Industries (HHI) and a shipbuilding unit of HHI Group, is expecting to claim more than $14.9 bil...

'The Uncanny Counter' writer leaves show despite soaring ratings

The head writer of OCN's hit series “The Uncanny Counter” has abruptly left the production in the middle of the series after having a disagreement with other staff over how the s...

Epik High to release 10th studio album 'Epik High Is Here'

K-pop group Epik High is set to release the album “Epik High Is Here 上,” the first of its two-part project on Monday. Its 10th studio album, “Epik High Is Here” is the hip-hop tr...

TVXQ's Yunho adds 'cinematic value' to his solo release 'NOIR'

U-Know Yunho of K-pop duo TVXQ already has more than 17 years of singing experience under his belt, but his music is never trite or repetitive. While producing his second solo re...

Over 130,000 terminal patients choose to forgo life-prolonging treatment over 3 years: data

Nearly 135,000 terminally ill South Koreans have chosen to forgo life-prolonging treatment since the legalization of the right to die with dignity three years ago, government dat...

Death toll from violence in Sudan's West Darfur rises to 83

The death toll from tribal violence between Arabs and non-Arabs in Sudan's West Darfur province climbed to at least 83, including women and children, a doctor's union and aid wor...

Trump administration slams Huawei, halting shipments from Intel and others: Reuters

The Trump administration notified Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of...

Video

What did she do wrong?: Korea outraged over fatal child abuse case

[CEO INTERVIEW] Will we have enough va...

Tesla under investigation in Korea ove...

Must-watch K-drama scenes for winter h...

Korea preparing for post COVID-19 worl...

Auto

Hanon Systems appoints new CEO

Kia removes 'Motors' from its corporate name

Korea to invest heavily in autonomous driving projects

Hyundai Motor will stop developing new diesel engines

Hyundai Avante wins 2021 North American Car of the Year Award

GM launches 'Everybody In' campaign aimed at zero carbon

Twitter suspends Republican lawmaker's account over violations of 'integrity policy'

Uncertainty heightens over Samsung as heir ordered back to prison for bribery

A message to LG Electronics

Biz community calls for leniency for Lee Jae-yong

Head of commerce chamber asks court for leniency in Samsung heir's bribery case

AI developer to discard data used in controversial 'female' chatbot

Finance

Why does Mirae Asset founder side with Beijing against Jack Ma?

2021 expected to be banner year for Kakao Bank, Toss

Hankook Tire executive may lead K bank

'Tenbagger' stocks show resurgence

Asian shares follow Wall Street lower as traders mull Biden plan

Fast debt pile-up feared to threaten Korean households

Entertainment

A look ahead at ballet performances in 2021

Music publishing sector booming with high-profile sales

Betty White marks 99th birthday Sunday; up late as she wants

Selena Gomez: Big Tech 'cashing in from evil'

Bear Grylls goes on safari in trailer for Netflix interactive special

'Parasite' director Bong Joon-ho to head Venice film festival jury

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Editorial

Out of touch with reality

President Moon Jae-in failed to present any new policies or overtures at his N...

Dispute over relief funds

The Gyeonggi Provincial Government has decided to provide another round of dis...

Columns

Putting down markers

North Korean leader Kim Jong-un made his opening bid in dealing with the new admini...

Capitol violence obscures big attack on US interests

The siege of the U.S. Congress on Jan. 6 by what U.S. President-elect Joe Biden has...

Thoughts of the Times

From the Outside Looking In: A Black Expat's Grief

It was December 2019 when I informed my family that I'd be moving to South Korea to...

North Korea set for Supreme People's Assembly session following part...

North Korea replaces economy-related Cabinet members

Moon calls on Biden to move forward from Singapore agreement with No...

Military parade pressures Biden to take North Korea seriously

North Korea to hold marathon 'virtually'

North Korea seen staging military parade: source

Korea reports 1st COVID-19 variant case from Brazil

Moon rejects pardons of ex-presidents

Apology tour

Eased restrictions

President Moon assures citizens of COVID-19 vaccination safety

Man jumps to death inside shopping mall in Seoul

Uniqlo makes rebound after closing unprofitable stores

Lee's jail sentence casts cloud on Samsung's business

Uncertainty heightens over Samsung as heir ordered back to prison fo...

Hanon Systems appoints new CEO

Shake Shack introduces Korean-inspired chicken sandwich in US

Twitter suspends Republican lawmaker's account over violations of 'i...

Holographic performances of dead stars welcomed, with caution

Award-winning novel comes under fire for plagiarism

Poet Choi Jeong-rye passes away at 66

Korean cultural heritage gets new brand identity overseas

'Pandemic worsened gender inequality,' says Korea Image Awards winne...

Book review: Authors explore unconventional superpowers

The nightmare born when technology took the place of science

K-critical realism

The power of giving

Toddler's death: Apologies and then what?

Traditional New Year gifts in Joseon

Exploring a Seoul winter in the 1880s

We have met the enemy

Out of touch with reality

From the Outside Looking In: A Black Expat's Grief

Dispute over relief funds

Capitol violence obscures big attack on US interests

Soaring debt risk

Soccer-AC Milan's Calhanoglu and Hernandez test positive for coronav...

Ulsan prepares for Club World Cup, hopefully

Kevin Na has a big finish and wins the Sony Open

Australian Open arrivals hit by 4 COVID-19 positive tests

'Anything can happen' with Tokyo Olympics: Japan minister

Tommy Fleetwood tapped to be TAG Heuer ambassador

Iran asks watchdog not to publish 'unnecessary' nuke details

Death toll from violence in Sudan's West Darfur rises to 83

China economy grows 2.3% in 2020 as rebound from virus gains

Brazil clears emergency use of China's Sinovac, UK's AstraZeneca vac...

US state capitals gird for pro-Trump armed protests, FBI flags risk ...

France wants suspension of 'poisonous' U.S.-Europe trade spat

Code of Ethics