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☆ Protests mount in South Korea over Japan's plan to release Fukushima water
▼ + stars: | 2023-08-23 | by ( Jack Kim | ) www.reuters.com time to read: +3 min

Conservative President Yoon Suk Yeol's government has come under criticism as it defended the position that its own assessment found no problems with the scientific and technical aspects of Japan's plan. Democratic Party members and Foreign Minister Park Jin clashed in parliament over the possibility of direct impact to South Korea. [1/5]A woman holds up a placard during a protest against Japan's plan to release treated wastewater from the Fukushima nuclear power plant into the ocean, in central Seoul, South Korea, August 22, 2023. REUTERS/Kim Hong-Ji Acquire Licensing RightsJapan has said that the water release is safe. South Korea said it accepted IAEA's conclusion.

Persons: Japan's, Yoon Suk, Yoon, Lee Jae, myung, Park Jin, Kim Hong, Lee, Jack Kim, Gerry Doyle Organizations: Democratic Party, pollster Media Research, South, Foreign, REUTERS, Japan, International Atomic Energy Agency, IAEA, assailing, Korea Federation, Environmental, Fisheries, Thomson Locations: SEOUL, South Korea, Japan, Korea's, Seoul, Korea, China, assailing Tokyo, Pacific

☆ S.Korean chat app Kakao's co-CEO steps down after widespread outage
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

SEOUL, Oct 19 (Reuters) - Kakao Corp's (035720.KS) co-CEO Namkoong Whon has stepped down, the company said on Wednesday, after an outage that shut down South Korea's largest mobile chat app and other services, triggering widespread backlash from authorities and the public. The resignation, effective Wednesday, leaves co-CEO Hong Euntaek as sole CEO. The company apologised for the outage that started on Saturday due to a fire at a data centre run by SK C&C (034730.KS) near Seoul. More than 500 small businesses complained about lost sales due to the Kakao outage, lobby group Korea Federation of Micro Enterprise said. ($1 = 1,415.6400 won)Register now for FREE unlimited access to Reuters.com RegisterReporting by Joyce Lee; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Kakao’s co-CEO steps down after widespread outage at South Korea’s top chat app
▼ + stars: | 2022-10-19 | by ( ) edition.cnn.com time to read: +1 min

Kakao Corp’s co-CEO Namkoong Whon has stepped down, the company said on Wednesday, after an outage that shut down South Korea’s largest mobile chat app and other services, triggering widespread backlash from authorities and the public. The company apologized for the outage that started on Saturday due to a fire at a data center run by SK C&C near Seoul. KakaoTalk, launched in 2010, has more than 47 million active accounts in South Korea, making it one of the most ubiquitous apps in the country of 51.6 million. “We’ll build our own infrastructure including data centers to ensure our services will not be affected by similar incidents going forward,” Kakao said in a statement. More than 500 small businesses complained about lost sales due to the Kakao outage, lobby group Korea Federation of Micro Enterprise said.

Joo and Shin voted for a smaller hike in the rate, Rhee said in news conference, but did not elaborate on their views. Twenty-three of 26 analysts expected the bank to go for a half-point hike in a Reuters poll, while the remaining three expected a quarter-point hike. The median forecast in the poll showed the BOK's base rate going to 3.25% by year-end and then peaking at 3.50% in the first quarter of 2023. Almost half of respondents in the Reuters poll expected the base rate to reaching 3.75% in the first quarter of next year. After Wednesday's rate hike, the Korea Federation of Small- to Medium-sized Enterprises expressed "serious concern" about higher rates.

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