South Korea’s Ex-Leader Yoon Returns to Jail as the Martial Law Investigation Speeds Up
Former South Korean President Yoon Suk Yeol was detained again on Thursday, placed in a solitary cell with basic food, after prosecutors secured a new detention warrant related to his attempted martial law last year. The Seoul Central District Court approved the warrant, citing concerns that Yoon might destroy evidence.
South Korea Appoints Yeo Han-Koo as New Trade Minister
South Korea appointed Yeo Han-Koo, the former chief trade official, as the new trade minister at the President’s office to lead the tariff negotiation talks with the US. As Asia’s fourth-largest economy, it plans to hold talks with the US to reduce the tariffs. The US imposed a 25% tax
Trump’s Energy Council Eyes Asian Backing for Alaska LNG Project
In a major push for U.S. energy dominance, President Donald Trump’s Energy Security Council is planning a high-stakes summit in Alaska in early June. The goal? To secure official commitments from Japan and South Korea for the $44 billion Alaska LNG project, according to a source familiar with the planning.
Samsung & LG Challenge India’s E-Waste Recycling Policy in Court
Two of South Korea’s tech titans — Samsung and LG — have taken India’s government to court, challenging a newly implemented e-waste recycling policy they say could severely impact their bottom lines. The companies have filed lawsuits in the Delhi High Court, aiming to overturn new rules that mandate higher
BYD Gears Up for Korean Market with 30 Sales Outlets
BYD Co. is planning to expand its sales network in South Korea, a market currently dominated by local automotive giants Hyundai Motor Co. and Kia Corp., as part of its strategy to boost deliveries beyond its home base in China. “We aim to increase our sales network to 30 outlets
South Korea Set to Unveil Its First Alternative Exchange
NEXT, Korea’s first alternative trading system (ATS), is set to launch on March 4th, 2025. The market will operate for 12 hours daily, enabling stock trading during commuting hours. Additionally, the introduction of new pricing mechanisms will support diverse investment strategies. Starting with 10 listed stocks, the number of tradable
$155M Tax Evasion Charge Shakes Auto Giant KIA
In the latest turn of events, KIA, the third-largest car manufacturing company in the world, is slammed with evading taxes worth $155 million by misclassifying imported components in India. However, the carmaker has denied any wrongdoing. But this is not the only case with KIA. Foreign companies in India have
Samsung’s Leadership Under Fire as Merger Ruling Nears
The chair of Samsung Electronics, Jay Y. Lee, may be jailed for 5 years for a malicious merger between Samsung C&T and Cheil Industries to cement his control of the corporation. Moreover, the legal risk that Lee faces questions his ability to run the tech giant, grappling with lacklustre stock
Impeached South Korean President Faces Legal Reckoning
The political crisis in South Korea deepened further after the investigators declared that the court had issued an arrest warrant against their impeached president, Yoon Suk Yeol, against the charges of insurrection and abuse of power. In a statement, the court mentioned, “The arrest warrant and search warrant for President
South Korean President Faces Calls for Impeachment
South Korean lawmakers on Wednesday demanded President Yoon Suk Yeol’s impeachment following his abrupt declaration of martial law, which he reversed just hours later. This plunged Asia’s fourth-largest economy into its most significant political crisis in decades. The announcement on Tuesday night sparked a confrontation with parliament, which defied his
