DIRS.INFO The most relevant business & tech news

☆ South Koreans vote for new parliament after campaign focused on economy, graft
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: +2 min

People watch the first sunrise of the new year from a footbridge overlooking the city skyline in Seoul on January 1, 2024. The opposition Democratic Party (DP), which already dominates the 300-member legislature, has accused Yoon and his conservative People Power Party (PPP) of mismanaging the economy and failing to rein in inflation during their time in office. PPP leader Han Dong-hoon said a big win by the DP, whose leader is facing corruption charges, would create a crisis for the country. He warned against giving the opposition an unprecedented super majority of 200 seats, which would strip Yoon of his veto power. "I hope the two-party structure will be broken somehow, and politicians will carry out practical policies for ordinary people."

Persons: Yoon Suk Yeol, Yoon, Han Dong, hoon, Kim Ji, yun, Jung Cheol, Cho Kuk Organizations: South, Election, Democratic Party, People Power Party, DP Locations: Seoul

☆ South Korea to invest $7 billion in AI in effort to retain edge in chips
▼ + stars: | 2024-04-09 | by ( ) edition.cnn.com time to read: +2 min

Seoul Reuters —South Korean President Yoon Suk Yeol said on Tuesday his country will invest 9.4 trillion won ($6.94 billion) in artificial intelligence by 2027 as part of efforts to retain a leading global position in cutting-edge semiconductor chips. By earmarking investments and a fund, South Korea plans to significantly expand research and development in AI chips such as artificial neural processing units (NPUs) and next-generation high-bandwidth memory chips, the government said in a statement. South Korean authorities will also promote the development of next-generation artificial general intelligence (AGI) and safety technologies that go beyond existing models. Yoon has set a target for South Korea to become one of the top three countries in AI technology including chips, and take a 10% or more share of the global system semiconductor market by 2030. “Just as we have dominated the world with memory chips for the past 30 years, we will write a new semiconductor myth with AI chips in the next 30 years,” Yoon said.

Persons: Yoon Suk Yeol, ” Yoon, Yoon, “ Organizations: Seoul Reuters — South, South, Asia’s Locations: Seoul, South Korea, United States, China, Japan, Taiwan

☆ South Korean Parliamentary Election to Set Tone for Rest of Leader’s Term
▼ + stars: | 2024-04-09 | by ( Choe Sang-Hun | ) www.nytimes.com time to read: 1 min

In the two years since he was elected, President Yoon Suk Yeol has made his mark in foreign policy, forging deeper ties with the United States and Japan. Mr. Yoon has a shot at a do-over on Wednesday, when South Koreans head to the polls to select a new Parliament. Dozens of parties are vying for the 300 seats in the National Assembly, South Korea’s single-chamber legislature. However, the contest is largely between Mr. Yoon’s conservative People Power Party and the main opposition camp, the liberal Democratic Party. Both have intense followings, but the eventual winner is expected to be decided by moderate and swing voters.

Persons: Yoon Suk Yeol, Yoon Organizations: South Koreans, National Assembly, People Power Party, Democratic Party Locations: United States, Japan

☆ Visits from Japanese and Filipino leaders highlight Biden’s efforts to blunt China’s aggression
▼ + stars: | 2024-04-09 | by ( Arlette Saenz | Kayla Tausche | ) edition.cnn.com time to read: +12 min

Biden’s week also includes an official visit for Japanese Prime Minister Kishida Fumio, reinforcing his commitment to cultivating partnerships in the Indo-Pacific in the face of China’s rising economic and military power. The historic leaders summit on Thursday between Biden, Kishida and Filipino President Ferdinand Marcos is expected to produce announcements relating to infrastructure, energy security, digital connectivity and maritime security. Meanwhile, Japan has recently loosened restrictions on the export of military technology – paving the way for deeper collaboration with like-minded allies. The first virtual meeting with the four leaders took place in March 2021 with subsequent in-person summits in the years that followed. Biden and his team also have sought to draw in smaller regional neighbors concerned about China’s military and economic aggression.

Persons: Joe Biden, Kishida, Biden, Jake Sullivan, “, Jill Biden, Kishida Yuko, They’re, Ferdinand Marcos, Marcos, ” Sullivan, ”, John Neuffer, ” Biden, ” Rahm Emanuel, Sullivan, zeroed, Japan’s, Yoshihide Suga, Korea’s, Moon Jae, Yoon Suk Yeol, Rodrigo Duterte, Donald Trump, ” Kishida Organizations: Washington CNN, Japanese, CNN, Biden White House, Australia, US Steel, APEC, Washington, Semiconductor Industry Association, Clark Air Base, Subic Naval Base, American, White, Kishida, White House, Pacific, PBS Locations: Japan, Philippines, North Korea, Ukraine, Gaza, India, South Korea, China, Manila, ’, lockstep, Netherlands, Taiwan, Beijing, Thursday’s, US, Australia, South China, South, Russia, Kishida, United States, Tokyo, Seoul, David, United Kingdom, Washington, Vietnam, U.S

☆ As Doctors’ Walkout Drags On, Some South Koreans Are Losing Patience
▼ + stars: | 2024-04-04 | by ( Jin Yu Young | ) www.nytimes.com time to read: +1 min

Six weeks after thousands of residents and interns at South Korean hospitals walked off the job, frustration is rising. Nurses have taken on duties usually performed by physicians, and military doctors have been deployed to public health centers. The young doctors who walked out in February to protest that plan say it wouldn’t solve the health care system’s problems. But many people are also exasperated with the doctors, despite the exalted position that physicians hold in South Korea’s hierarchical society. Critics accuse them of trying to protect their elite status, and their income, by keeping the number of doctors low.

Persons: Yoon Suk Yeol, Critics Organizations: South, Hospitals, Nurses

☆ North Korea tests missile, Seoul says, ahead of vote seen as gauge of support for hardline South Korean leader
▼ + stars: | 2024-04-01 | by ( Brad Lendon | ) edition.cnn.com time to read: +4 min

Seoul, South Korea CNN —North Korea test-fired a presumed intermediate-range ballistic missile on Tuesday, South Korean officials said, its latest military maneuver since leader Kim Jong Un’s New Year declaration that he was ending a policy seeking reconciliation with the South. Pyongyang’s shows of power included long-range artillery and multiple rocket launchers, which pose a threat to the South Korean capital Seoul and other key areas near the border. But Leif-Eric Easley, professor of international studies at Ewha Womans University in Seoul, said Tuesday’s suspected missile test by North Korea won’t have much effect on the vote. North Korean Foreign Minister Choe Son Hui last week quashed recent speculation that Kishida could meet with North Korea’s Kim. North Korea “will not allow any attempt of Japan to contact” Pyongyang, he said, according to KCNA.

Persons: Kim Jong, Yoon Suk Yeol, Kim, Yoon’s, Democratic Party –, Yoon, Leif, Eric Easley, ” Easley, Easley, Tuesday’s, Fumio Kishida, Joe Biden, Ferdinand Marcos Jr, Choe Son Hui, North Korea’s Kim, CNN’s Yoonjung Seo Organizations: South Korea CNN, North, South, Korean Central News Agency, CNN, Yoon’s People Power Party, Democratic Party, Ewha Womans University, Assembly, Korean, Philippine, North Korean Foreign, North Korea “ Locations: Seoul, South Korea, North Korea, Pyongyang, United States, North, Japan, Washington, China

☆ South Korea’s 2024 Parliament Election: What to Know
▼ + stars: | 2024-03-28 | by ( Choe Sang-Hun | ) www.nytimes.com time to read: +1 min

South Koreans go to the polls on April 10 to select a new 300-member National Assembly. Mr. Yoon won the presidential election in March 2022 by a razor-thin margin, and three months later, his People Power Party won the most big-city mayor and provincial governor races. But two major handicaps have hobbled his presidency: his party’s lack of control in the single-chamber Assembly and Mr. Yoon’s low approval ratings. Mr. Yoon will also see it as lending political legitimacy to his policy of aligning South Korea more closely with the United States. But if the opposition scores a decisive win, it will further weaken Mr. Yoon’s leadership and may turn him into an early lame duck, political analysts say.

Persons: Yoon Suk, Yoon Organizations: National Assembly, Democratic Party, People Power Party Locations: Korea, United States

☆ North Korea fires ballistic missiles as Blinken visits Seoul
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: +1 min

People are seen watching television at Seoul's Yongsan Railway Station showing North Korea's first test-firing of the new strategic cruise missile Pulhwasal-3-31. North Korea fired ballistic missiles into the sea on Monday for the first time in two months, as U.S. Secretary of State Antony Blinken visited Seoul for a conference hosted by President Yoon Suk Yeol on advancing democracy. North Korea fired ballistic missiles into the sea on Monday for the first time in two months, as U.S. Secretary of State Antony Blinken visited Seoul for a conference hosted by President Yoon Suk Yeol on advancing democracy. Japan later said that it had detected what appeared to be a second ballistic missile launch by the North, and that both fell outside its exclusive economic zone area. North Korea's military has been conducting exercises using conventional weapons in recent weeks, often personally overseen by the isolated state's leader, Kim Jong Un.

Persons: Antony Blinken, Yoon Suk, Fumio Kishida, Kishida, Kim Jong Un Locations: Yongsan, Korea, Seoul, North Korea, Pyongyang, United States, Japan, Japanese

SEOUL, South Korea (AP) — Shohei Ohtani may be South Korea's most-beloved Japanese athlete, a testament to his charm in softening any lingering animosity between the two neighbors. “I think Ohtani would perhaps be the first Japanese athlete who we can say we like. After his arrival in South Korea, he told reporters that he’s always respected South Korea’s national teams and called South Korea “one of my favorite countries." In 2019, a forced-labor issue triggered widespread public campaigns in South Korea to boycott Japanese goods and services. But despite their often-rocky political relations, South Korea and Japan are closely linked to each other culturally and economically.

Persons: covets, ”, Lee Jong, “, Hwang Seon, he’s, Yoon Suk, Heung, ” Lee, ___ Organizations: Major League Baseball, San Diego Padres, Los Angeles Dodgers, Korean, Dodgers, Seoul’s Hanyang University, Ohtani’s South, South, Twitter, Tottenham Hotspur Locations: SEOUL, South Korea, Korean, Japan, Korea, South Koreans

SEOUL, South Korea (AP) — South Korea's president vowed Wednesday not to tolerate the prolonged walkouts by thousands of junior doctors, calling them “an illegal collective action” that threatens public health and shakes the country’s governing systems. Their walkouts have subsequently caused hundreds of canceled surgeries and other treatments at their hospitals and burdened South Korea's medical service. But if senior doctors joined the walkouts, South Korea's medical service would suffer a major blow. The Korean Medical Association, which represents doctors in South Korea, has expressed its support for the striking junior doctors, but hasn't decided whether to take part in the walkouts. Police were investigating allegations that five senior KMA officials incited and abetted the junior doctors' walkouts, and said they summoned one of them Wednesday.

Persons: Yoon Suk, ” Yoon, ”, haven’t, Heath, hasn't Organizations: Health Ministry, Health, South, Korean Medical Association, . Police Locations: SEOUL, South Korea

CNN —Thousands of doctors in South Korea took to the streets of Seoul on Sunday to protest the government’s plans to increase medical school admissions and what they see as a broader lack of support for the country’s medical system. The doctors say the government needs to address a wider range of challenges facing the healthcare system than just the total number of doctors trained per year. Around 8,000 trainee doctors in South Korea began striking on February 21 by submitting their resignation. A doctor writes messages during a rally to protest against government plans to increase medical school admissions in Seoul on Sunday. Compounding the challenge, South Korea has the world’s lowest birth rate, which has been falling continuously since 2015.

Persons: Kim Hong, ’, Yoon Suk Yeol, ”, Jessie Yeung, Yoonjung Seo Organizations: CNN, South, Gallup Locations: South Korea, Seoul

☆ South Korea Needs Foreign Workers, but Often Fails to Protect Them
▼ + stars: | 2024-03-02 | by ( Choe Sang-Hun | ) www.nytimes.com time to read: +1 min

But the nation is more dependent than ever before on an import to keep its factories and farms humming: foreign labor. This shift is part of the fallout from a demographic crisis that has left South Korea with a shrinking and aging population. President Yoon Suk Yeol’s government has responded by more than doubling the quota for low-skilled workers from less-developed nations including Vietnam, Cambodia, Nepal, the Philippines and Bangladesh. Hundreds of thousands of them now toil in South Korea, typically in small factories, or on remote farms or fishing boats — jobs that locals consider too dirty, dangerous or low-paying. With little say in choosing or changing employers, many foreign workers endure predatory bosses, inhumane housing, discrimination and other abuses.

Persons: —, Yoon Suk Organizations: Samsung, Hyundai, LG Locations: South Korea, Vietnam, Cambodia, Nepal, Philippines, Bangladesh

☆ Mark Zuckerberg's Asia trip is all about making AI friends
▼ + stars: | 2024-02-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg isn't just in Asia to enjoy Japanese McDonald's and hit the ski slopes. The meetings will put Meta's AI and mixed reality ambitions front and center as competition grows. The likes of Meta's AI chief Yann LeCun have pushed back on suggestions that open-source AI is dangerous because the sheer volume of resources any bad actor would need to use an AI model maliciously makes it highly untenable. Meta's mission to build businessPoliticians won't be the only thing on Zuckerberg's mind on his Asian trip. Meta's line of mixed reality headsets, the Quests, finally face a formidable foe following Apple's release of the Vision Pro this month.

Persons: Mark Zuckerberg isn't, —, Mark Zuckerberg, Kokaji, Zuckerberg, Fumio Kishida, Sam Altman, Kishida, Yoon Suk, OpenAI's Altman, FABRICE COFFRINI, Yann LeCun, ROBYN BECK, Getty Zuckerberg, Jay Y, Lee Organizations: Service, Japan's, Japan Times, South, Bloomberg, Economic, Business, Meta, Vision, Apple, LG Electronics, Samsung Locations: Asia, Japan, Davos, South Korea, Switzerland, Seoul

☆ South Korean companies are offering workers $75,000 to have babies amid the country's desperate bid for more children
▼ + stars: | 2024-02-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

Some South Korean companies are giving out $75,000 bonuses to employees who have kids. The fertility rate in South Korea was 0.78 in 2022, far lower than the 2.1 it needs to maintain its population. AdvertisementA South Korean firm is offering employees up to $75,000 to have children and help lift the country's ailing birth rate. The company will take responsibility and put all-out efforts to help the country increase the fertility rate," a company spokesperson, per the outlet. South Korean President Yoon Suk Yeol on February 13 ordered his administration to develop tax incentives and subsidies for companies that encourage their employees to have children.

Persons: —, dwindles, Yoon Suk Organizations: Booyoung, Ssangbangwool, Service, Korea Herald, Booyoung Group, CNN Locations: South Korea, Seoul, China, Japan, South

☆ Meta's Mark Zuckerberg to visit South Korea
▼ + stars: | 2024-02-21 | by ( ) www.cnbc.com time to read: +1 min

Meta's Mark Zuckerberg plans to visit South Korea, scheduling key meetings during the trip, according to a statement by Meta on Wednesday, which did not provide further details. Meta's Mark Zuckerberg is planning to visit South Korea and is scheduling key meetings during his trip, Meta said in a statement on Wednesday without elaborating. The Meta CEO may also meet South Korean President Yoon Suk Yeol, the paper said. It would be his first known visit to South Korea since 2013. A presidential official confirmed that Zuckerberg had sought a meeting with Yoon, without providing further details.

Persons: Meta's Mark Zuckerberg, Zuckerberg, Jay Y, Lee, Meta, Yoon Suk Yeol, Yoon Organizations: Meta, Samsung Electronics, South Korean, Seoul Economic, South, Samsung Locations: South Korea, Seoul, South Korean

☆ Kim Jong Un has broken with decades of North Korean policy – does it mean he’s planning for war?
▼ + stars: | 2024-02-16 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +14 min

The two sides have been cut off from each other since 1953, when an armistice ended the Korean War, and remain technically at war. Yoon and Biden have sharpened their countries’ deterrence plans and coordination in the face of North Korea’s threats and weapons development. If anything, some analysts believe, North Korea’s public statements signal that North Korea is abandoning its reunification policy in pursuit of peace on the peninsula. Vladimir Smirnov/AFP/Getty ImagesAn ‘emboldened’ KimThe North Korean leader may also feel more confident about his arsenal and his options as he watches a shifting global landscape. “Kim Jong Un is wary of a full-scale provocation by the South Korean military disguised as a military exercise and has vowed to occupy South Korean territory without hesitation,” said Lim in Changwon.

Persons: Kim Jong, South Korea –, ” Kim, ”, Kim, ’, Robert Carlin, Siegfred Heckler, Chul Lim, “, Joe Biden, Donald Trump, Edward Howell, Yoon Suk Yeol, Ayse, ” He’s, Yoon, Biden, Seoul . Kim, Trump, Lim, “ That’s, Kim Jong Un, Vladimir Putin, Vladimir Smirnov, ’ Kim, “ Kim Jong, …, Rachel Minyoung Lee, Howell, “ Kim Jong Un, Lee, Japan – Organizations: CNN, South, Korean Central News Agency, Reuters, North Korea Research Center, University’s Institute, Far Eastern, University of Oxford, Japan, Ewha Womans University, US, North, Russia's Vostochny, Getty, Stimson, –, White, United Nations Security Council, West, South Korean Defense Ministry, ”, Trump, North Korean Locations: Ukraine, Gaza, North Korea, South Korea, Korea, Republic of Korea, Kim, Washington, Seoul, Tokyo, United States, Korea’s, Changwon, Pyongyang, Russia, United Kingdom, Japan, Guam, Gon, Seoul ., Russian, Russia's, China, Iran, denuclearization, Western, North, Moscow, Beijing, Oxford, Jeju, South, “

☆ The Antitrust Enforcers Aimed at Big Tech. Then Came the Backlash.
▼ + stars: | 2024-02-16 | by ( Jin Yu Young | Daisuke Wakabayashi | ) www.nytimes.com time to read: +1 min

The South Korean government unleashed a wave of panic across the internet industry: The country’s antitrust regulator said it would enact the toughest competition law outside Europe, curbing the influence of major technology companies. The Korea Fair Trade Commission, with the backing of President Yoon Suk Yeol, said in December that it planned to make a proposal modeled after the 2022 Digital Markets Act, the European Union’s landmark law to rein in American tech giants. This bill also seemed to target South Korea’s own internet conglomerates just as much as the Alphabets, Apples and Metas of the world. The commission said the law would designate certain companies as dominant platforms and limit their ability to use strongholds in one online business to expand into new areas. After a furious backlash from South Korean industry lobbyists and consumers, and even the U.S. government, the Fair Trade Commission said it would delay the bill’s formal introduction to solicit more opinions.

Persons: Yoon Suk Yeol Organizations: South, Korea Fair Trade, ., Fair Trade Commission Locations: Europe, South

SEOUL, South Korea (AP) — South Korean President Yoon Suk Yeol’s office said Wednesday that presumed North Korean hackers breached the personal emails of one of his staff members ahead of Yoon's trip to Europe in November. Yoon’s office said the cyberattack only affected the personal account of the unidentified employee, who violated security protocols by partially using commercial email services to handle official duties. “We detected the case in advance of (Yoon’s) visit and took necessary measures,” Yoon’s office said in a statement to reporters. North Korea-backed hackers have also been accused of stealing information from outside governments, businesses and think tanks. While the country has denied involvement, North Korea has been linked to major cyberattacks in past years, including a 2013 campaign that paralyzed the servers of South Korean financial institutions, the 2014 hacking of Sony Pictures, and the WannaCry malware attack of 2017.

Persons: Yoon Suk, Yoon’s, “, ” Yoon, King Charles III, Rishi Sunak Organizations: The Associated Press, Sony Pictures Locations: SEOUL, South Korea, Europe, North Korea, Britain, France, U.S, Korean

TAIPEI, Taiwan (AP) — With fireworks, feasts and red envelopes stuffed with cash for the kids, numerous Asian nations and overseas communities have welcomed Saturday the Lunar New Year. It begins with the first new moon of the lunar calendar and ends 15 days later on the first full moon. Firing bottle rockets and other fireworks is a traditional way of welcoming the new year and seeing off any lingering bad memories. Royal palaces and other tourist sites were also packed with visitors wearing the country’s colorful traditional “hanbok” flowing robes. Parades and commemorations are also being held in cities with large Asian communities overseas, particularly in New York and San Francisco.

Persons: Lai Ching, Han Kuo, Tsai, “, ” Tsai, Yoon Suk Yeol Organizations: Nationalist Party Locations: TAIPEI, Taiwan, China, Seoul, Southern, Paju, North Korea, Vietnam, New York, San Francisco

☆ How a Dior bag shook South Korean politics
▼ + stars: | 2024-02-09 | by ( Yoonjung Seo | Nectar Gan | ) edition.cnn.com time to read: +15 min

Seoul, South Korea CNN —South Korean President Yoon Suk Yeol is months out from a crucial election seen as a barometer of his mid-term popularity, but surveys show he has a big problem – the latest scandal surrounding his wife. “But with the Dior bag, there is this powerful visual evidence.”South Korean President Yoon Suk Yeol and his wife, Kim Keon Hee, attend an Independence Movement Day event in Seoul on March 1, 2023. The channel also provided Choi with the wristwatch and the Dior bag, according to the pastor. By appearing to not reject the bag, Kim gave ammunition to critics who have long accused her of using her position for personal gain. In a Gallup Korea survey last month, 56% of respondents said Kim should apologize for allegedly receiving the Dior bag.

Persons: Yoon Suk Yeol, Kim Keon Hee, Yoon, Kim, Dior, “, ”, Cho Hee, Jung Yeon, Choi Jae, Choi, Yoon Suk, ” Yoon, Shin Pyeong, ’, Cho, it’s, Hongik University Choi, Kim Yun, Park, hye, Patrick van Katwijk, Marie Antoinette, Han Dong, Han, he’d, Leon Neal, ” Kim, ” Kim Yun, Kyung Hee University “ She’s, Deutsch, Kim’s Organizations: South Korea CNN — South, CNN, Hongik University, “, Getty, of, KBS, Kyung Hee University . South, Gallup Korea, Gallup, Power Party, Democratic Party, PPP, South, Kyung Hee University, Kookmin University, Deutsch Motors, BMW Locations: Seoul, South Korea, American, of Seoul, North Korea, Pyongyang, Netherlands, Gallup Korea, Bali , Indonesia, Korea

☆ South Korea's Yoon Vows Clearer Rules After Wife's 'Dior Bag Scandal'
▼ + stars: | 2024-02-07 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

By Heekyong Yang and Josh SmithSEOUL (Reuters) - The release of hidden camera footage showing South Korea's first lady accepting a Dior bag as a gift was a "political manoeuvre", President Yoon Suk Yeol said on Wednesday, but vowed to draw clearer lines to ensure such incidents do not happen again. The comments were his first public response to a controversy, dubbed the "Dior bag scandal" by local media, that has roiled his ruling party ahead of a key election in April. "What's important is to set clearer boundaries with others to prevent something like this from happening in the future." A Gallup Korea weekly poll on Friday showed that Yoon's approval ratings had fallen to 29%, the lowest in nine months. (Reporting by Heekyong Yang and Josh Smith; Additional reporting by Ju-min Park, Editing by Kylie MacLellan)

Persons: Heekyong Yang, Josh Smith SEOUL, Dior, Yoon Suk Yeol, Kim Keon Hee, Yoon, it's, Kim's, Abraham Choi, Josh Smith, Kylie MacLellan Organizations: People Power Party, KBS, Reuters, Gallup Korea Locations: North Korea, April's

SEOUL, South Korea (AP) — A South Korean court on Monday acquitted Samsung Electronics Chairman Lee Jae-yong of financial crimes involving a contentious merger between Samsung affiliates in 2015 that tightened his grip over South Korea’s biggest company. The court said the prosecution failed to sufficiently prove the merger between Samsung C&T and Cheil Industries was unlawfully conducted with an aim to strengthen Lee’s control over Samsung Electronics. Lee had denied wrongdoing in the current case, describing the 2015 merger as “normal business activity.”Lee, 56, did not answer questions from reporters as left the court. Lee Jae-yong served 18 months in prison after being convicted in 2017 over separate bribery charges related to the 2015 deal. Some shareholders had opposed the 2015 merger, saying that it unfairly benefited the Lee family while hurting minority shareholders.

Persons: Lee Jae, Lee, ” Lee, Jin Kim, Lee Kun, Park, Yoon Suk, tycoons, Kim Tong, hyung Organizations: Samsung, Korea’s, Seoul Central, Cheil Industries, Samsung Electronics, Prosecutors, South, National Pension Service Locations: SEOUL, South Korea, Seoul, Ukraine

☆ Samsung chief Lee cleared of charges in 2015 merger case
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: +1 min

Samsung Electronics Co. Executive Chairman Lee Jae-yong leaves after attending a final decision at the Seoul Central District Court on Feb. 05, 2024 in Seoul, South Korea. Seoul Central District Court acquits Samsung Electronics Co. Executive Chairman Lee Jae-yong in controversial 2015 merger case. Samsung Electronics Chairman Jay Y. Lee was found not guilty by a Seoul court on Monday in a case related to irregularities in a 2015 merger of Samsung affiliates that prosecutors said was designed to cement his control of the tech group. Lee denied wrongdoing, arguing that he and other executives acted on the belief the merger would benefit shareholders. The sentence prevents a return to jail for Lee who was convicted in 2017 of bribing a friend of former President Park Geun-hye.

Persons: Lee Jae, Jay Y, Lee, Prosecutors, Park, Yoon Suk Organizations: Samsung Electronics Co, Seoul Central, Court, Samsung Electronics, Samsung Locations: Seoul, South Korea

☆ Opinion: Kim Jong Un wants the world to take his threat seriously
▼ + stars: | 2024-02-02 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +7 min

CNN —The world once again is trying to parse the stance of North Korean dictator Kim Jong Un. After North Korea was defeated, the fighting stopped with a 1953 armistice but a peace agreement was never reached. Kim has certainly been signaling that something fundamental has shifted and he clearly wants the world to take his threats seriously. For decades the Democratic People’s Republic of North Korea or DPRK, has had two explicit goals. The warning about North Korea cannot be ignored, and the US, South Korea and Japan should update their planning.

Persons: Frida Ghitis, Kim Jong, Kim, Donald Trump, Kim “, ”, Robert Carlin, Siegfried Hecker, Carlin, Hecker, North, Kim Il Sung, Yoon Suk Yeol, ” Carlin, Kim bluster, Trump, Biden, Vladimir Putin, what’s Kim, It’s, he’s, Putin Organizations: CNN, Washington Post, Politics, Frida Ghitis CNN, West, Democratic People’s, South, Ukraine, Korean, Politico Locations: Korean, Frida Ghitis CNN North Korea, Ukraine, North Korea, South Korea, North, Democratic People’s Republic of North Korea, DPRK, Seoul, United States, Korea, Russia, East Asia, Japan, China, Moscow, Pyongyang

☆ The First Lady and the Dior Pouch: A Political Crisis Grips South Korea
▼ + stars: | 2024-02-01 | by ( Choe Sang-Hun | ) www.nytimes.com time to read: +1 min

Then came a much more personal scandal: spy cam footage that showed his wife accepting a $2,200 Dior pouch as a gift. The video of Ms. Kim, which emerged late last year, has caused a rift between Mr. Yoon and one of his most trusted lieutenants. It has roiled his political party — one senior member called on Ms. Kim to apologize and compared her to Marie Antoinette. For nearly two years, Ms. Kim has challenged how this deeply patriarchal society views the role of the presidential spouse. She has talked about Mr. Yoon’s devotion to her, saying in 2022 that he had vowed to cook for her and “kept that promise for the past decade.”

Persons: Yoon Suk, Kim Keon Hee, Kim, Yoon, Marie Antoinette, “, ” Locations: South Korea, United States, Japan

Search resuls for: "yeol"

25 mentions found