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News
Arrest warrants sought for 8 petrochemical executives over alleged price fixing
3+ hour, 46+ min ago (177+ words) SEOUL, Sept. 14 (Yonhap) -- Prosecutors on Monday requested arrest warrants for eight current and former executives of domestic petrochemical companies suspected of engaging in price fixing involving several trillion won. The eight include Kim Yoo-shin, chief executive officer (CEO) of OCI,…...
Korean Air to begin booking migration ahead of Asiana integration
6+ hour ago (136+ words) SEOUL, Sept. 14 (Yonhap) -- Korean Air Co. said Monday it will begin migrating Asiana Airlines bookings and flight numbers to its system in November ahead of the carriers' full integration in December. Korean Air will carry out the migration in phases…...
LG opens Middle East's first B2B AI home experience space in Saudi Arabia
5+ hour, 58+ min ago (175+ words) SEOUL, Sept. 14 (Yonhap) -- LG Electronics Inc., a major South Korean home appliance maker, said Monday it has opened the Middle East's first business-to-business (B2B) artificial intelligence (AI) home experience space in Saudi Arabia. The company recently established the B2B-focused AI home…...
Nominee for KB Financial Group's next chief
12+ hour, 8+ min ago (74+ words) Yonhap News Agency Lee Jae-keun, head of the group's global business division at KB Financial Group Inc., meets the press at the headquarters of the banking group in Seoul on Sept. 14, 2026, after the financial holding firm's nomination committee picked him…...
Tax agency to probe 41 businesses for causing consumer price instability
6+ hour, 34+ min ago (243+ words) SEOUL, Sept. 14 (Yonhap) -- South Korea's tax agency said Monday it has launched probes into 41 businesses for allegedly engaging in unfair practices and contributing to consumer price instability, as the government seeks to curb inflation ahead of the Chuseok holiday. The…...
Seoul city to operate up to 1,500 free shuttle buses amid looming bus strike
8+ hour, 27+ min ago (225+ words) SEOUL, Sept. 14 (Yonhap) -- The Seoul metropolitan government said Monday it plans to operate up to 1,500 free shuttle buses this week if unionized workers of the capital's intracity buses press ahead with their planned strike. Unionized city bus workers voted Friday…...
Ex-broadcasting watchdog chief unfairly involved in YTN stake sell-off: state auditor
8+ hour, 24+ min ago (328+ words) SEOUL, Sept. 14 (Yonhap) -- Former broadcasting and communications watchdog chief Lee Dong-kwan was unfairly involved in the course of the sell-off of a controlling stake in news cable channel YTN in 2023 when ousted former President Yoon Suk Yeol was in office,…...
Money laundering ring busted for laundering proceeds from fraud groups
8+ hour, 26+ min ago (202+ words) SEOUL, Sept. 14 (Yonhap) --- A money laundering ring has been busted for laundering more than 90 billion won (US$67 million) in criminal proceeds on behalf of fraud organizations, police said Monday. The Gyeonggi Nambu Provincial Police Agency said it has arrested seven…...
Samsung Heavy secures 1.6 tln-won deal for 4 LNG carriers, 2 oil tankers
9+ hour, 2+ min ago (130+ words) SEOUL, Sept. 14 (Yonhap) -- Samsung Heavy Industries Co. said Monday it has clinched a 1.6... SEOUL, Sept. 14 (Yonhap) -- Samsung Heavy Industries Co. said Monday it has clinched a 1.65 trillion-won (US$1.22 billion) contract to build four large liquefied natural gas (LNG) carriers and…...
S. Korea's ICT exports mark record high on sustained AI investments
9+ hour, 20+ min ago (243+ words) SEOUL, Sept. 14 (Yonhap) -- South Korea's exports of information and communication technology (ICT) products marked a historic high in August, driven by sustained global investments in artificial intelligence (AI), government data showed Monday. Outbound shipments of ICT products reached US$59.98 billion…...