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A star law professor, Cho was a key aide to former President Moon Jae-in and briefly served as a justice minister before resigning and being indicted on a dozen charges, including bribery and document fraud in late 2019. It eventually gave rise to incumbent President Yoon Suk-yeol, who then as prosecutor-general investigated Cho and other graft scandals. Chung has already received a four-year sentence for the charges and irregularities over family investment, while her daughter's medical school and university cancelled her admission. The court also imposed fines of 6 million won ($4,900), which it said Cho had taken from his daughter's medical school as bribes in the form of a scholarship. ($1 = 1,228.7300 won)Reporting by Hyonhee Shin; Editing by Gerry Doyle and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ South Korea Jan inflation ticks up, leaves policy outlook steady
▼ + stars: | 2023-02-01 | by ( Jihoon Lee | ) www.reuters.com time to read: +2 min

The annual rate of price rises was the highest since October, when it was 5.7%. Temporary effects that had pushed up inflation included a lift in electricity charges, unfavourable weather for vegetables and a strong round of regular annual price rises, the Finance Ministry said in a statement. A breakdown of the data showed January public utility costs had risen 4.6% from the previous month while agricultural products had jumped 6.2%, leading the index higher. The Bank of Korea said in a separate statement that the tick-up in the inflation rate was in line with its expectations. The annual rate would be just as high in February, around 5%, it said.

☆ Samsung Expects Sluggish Demand to Drag On as Profit Slides
▼ + stars: | 2023-01-31 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

SEOUL— Samsung Electronics Co. expects demand for semiconductors and smartphones to remain sluggish as macroeconomic challenges and fears of a recession continue to hurt sales, but it said a recovery could be possible in the second half. Economic uncertainties are weakening momentum for any short-term rebound in demand for memory chips, Samsung’s main cash cow, said Kim Jae-june, executive vice president for global sales and marketing at the company’s memory business, in an earnings call on Tuesday.

☆ Samsung Expects Sluggish Demand to Continue After Posting 69% Drop in Profit
▼ + stars: | 2023-01-31 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

"Samsung, in a roundabout way, is saying production will decrease slightly," said analyst Kim Yang-jae at Daol Investment and Securities. CHIP PROFIT TUMBLESEarlier on Tuesday, Samsung reported its lowest quarterly profit since 2014 and said persistent macroeconomic uncertainty will make for a tough first half of this year, though it expects demand to start recovering in the second half. At 4.3 trillion won ($3.49 billion), October-December operating profit was Samsung's lowest quarterly profit in eight years. Some analysts expect the chip business to book a loss in the first quarter, pulling overall profit below that of the fourth. In mobile, Samsung said fourth-quarter profit fell to 1.7 trillion won from 2.66 trillion won a year earlier, as a decline in low- and mid-end smartphone sales was greater than expected.

[1/3] Women ride on an escalator past a couple wearing masks to avoid contracting the coronavirus disease (COVID-19) at a shopping mall in Seoul, South Korea, January 30, 2023. The lifting of the face-covering rules in the majority of indoor locations is South Korea's latest step in easing COVID rules as new cases show signs of a slowdown. People are still required to wear the masks in public transport settings and in medical facilities. But many citizens also said they will still wear masks with the pandemic not fully over. The easing of rules come about three years after South Korea reported its first outbreak of COVID infection on Jan. 20, 2020.

☆ NBA roundup: Mavs win game but lose Luka Doncic
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +5 min

Knicks 120, Celtics 117 (OT)Julius Randle scored 37 points and Jalen Brunson added 29 as New York came back to win in overtime in Boston. Brunson added four rebounds, seven assists and two blocks, rejecting Malcolm Brogdon's potential game-tying 3 at the buzzer. Jayson Tatum had 35 points and 14 rebounds while Jaylen Brown added 22 points in Boston's third straight loss. Zach LaVine had 18 points and nine rebounds, Patrick Williams posted 15 points in his hometown, and Nikola Vucevic (nine rebounds) and Ayo Dosunmu each had 12 points. Norman Powell added 15 points for Los Angeles, with Robert Covington scoring 13 and Reggie Jackson and Ivica Zubac contributing 12 and 11 points, respectively.

“The intentions, of course, were never to cross over to Venezuela, he was just accompanying her,” said Henry Martínez, Hernández’s brother. The men told Hernández that if they wanted to enter Venezuela, he had to pay $100. Hernández told them he was not trying to enter the country and did not have $100. The U.S. has not had a diplomatic presence in Caracas since 2019, so access to jailed Americans has been limited since then. “Sometimes I can hear his voice weak and just frustrated and anxious,” said Henry Martínez.

☆ Live updates: Suspect in shooting at dance hall near Los Angeles is dead, sheriff says
▼ + stars: | 2023-01-23 | by ( Erick Mendoza | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +33 min

Share this -Link copiedAlhambra officials release statement on Monterey Park shooting Alhambra officials released a statement on the Monterey Park shooting early Sunday evening. Officials also acknowledged the shooting that occurred in the city after the Monterey Park shooting. Share this -Link copiedPolice release pictures to identify Monterey Park shooting suspect The Los Angeles County Sheriff's Department has released pictures seeking to identify the Monterey Park shooting suspect. Law enforcement has connected him to the Monterey Park shooting and a shooting minutes later in Alhambra. Patrons of the Alhambra dance hall wrestled a firearm away from a man about 20 minutes after the Monterey Park shooting.

☆ Live updates: Possible suspect in mass shooting at dance hall near Los Angeles is found dead, sources say
▼ + stars: | 2023-01-22 | by ( Erick Mendoza | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +31 min

☆ 55 years after sending a hit squad on a deadly raid in Seoul, North Korea has found new ways to threaten South Korea
▼ + stars: | 2023-01-22 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +9 min

In January 1968, North Korean commandos slipped across the border into South Korea. Infiltrations into South Korea, both across the DMZ and by sea, by North Korean agents and commandos were also increasing. After cooperating with South Korean authorities, Kim Shin-jo was released in 1970 and received South Korean citizenship, which led North Korean officials to execute his parents and siblings. In December, a North Korean drone flew into a no-fly zone around South Korean President Yoon Suk-yeol's office in Seoul. It was one of five North Korean drones that flew into South Korea, the first to do so in five years.

On Monday, South Korean President Yoon Suk Yeol announced that the United Arab Emirates had pledged a staggering $30 billion in investment in the Asian country. The news came after the leaders of the two nations held talks in Abu Dhabi on Sunday, in a landmark trip that marked the first-ever state visit to the UAE by a South Korean president, according to a statement from Yoon’s office. In total, representatives from approximately 100 South Korean companies traveled with the president, according to his office. Some South Korean firms also agreed to build farms for tomatoes and strawberries in the UAE, a country that relies heavily on imports of agricultural products. Going forward, South Korea “will be a key partner in the global supply chain,” using its expertise in sectors such as semiconductors and steel-making to help stabilize supply chains, he pledged.

Oscar-nominated actor Alec Baldwin was charged with involuntary manslaughter in the fatal shooting of cinematographer Halyna Hutchins on the New Mexico set of the Western movie “Rust,” prosecutors said Thursday. "Rust" first assistant director, David Halls, has agreed to plead guilty to negligent use of a deadly weapon, according to Carmack-Altwies' office. Baldwin was rehearsing with a pistol for a scene set inside a church when the gun went off, killing Hutchins and wounding the director, Joel Souza. Jae C. Hong / AP fileIn early October, Hutchins’ husband reached a settlement in his wrongful death lawsuit against the producers of “Rust,” including Baldwin. Souza is expected to return as the director when filming picks back up this month.

☆ South Korean police seek manslaughter charges over deadly Halloween crush
▼ + stars: | 2023-01-13 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

SEOUL, South Korea — Police in South Korea are seeking charges of involuntary manslaughter and negligence against 23 officials, including law enforcement officers, for a lack of safety measures they said were responsible for a crowd surge last year that killed nearly 160 people. Despite anticipating a Halloween weekend crowd of more than 100,000, Seoul police had assigned 137 officers to the capital’s nightlife district Itaewon on the day of the crush. Those officers were focused on monitoring narcotics use and violent crimes, which experts say left few resources for pedestrian safety. Son Je-han, who headed the National Police Agency’s special investigation into the incident, said Friday his team will now send the case to prosecutors. However, Son said the special investigation team will close its investigations of the Interior and Safety Ministry, the National Police Agency, and the Seoul Metropolitan Government, saying it was difficult to establish their direct responsibility.

☆ South Korea hints at compensating victims of Japan's colonial forced labour
▼ + stars: | 2023-01-12 | by ( Hyonhee Shin | ) www.reuters.com time to read: +5 min

The Foundation for Victims of Forced Mobilization by Imperial Japan said it has secured initial donations from steelmaker POSCO (005490.KS) totalling 4 billion won ($3.2 million). Japanese Chief Cabinet Secretary Hirokazu Matsuno, Tokyo’s top spokesperson, declined to comment on Seoul’s compensation plan or its public hearing, saying they were domestic matters within South Korea. The foundation's chief, Shim Kyu-sun, said he would encourage South Korean companies to donate "from the perspective of social responsibility". National flags of South Korea and Japan are displayed during a meeting between Komeito Party members and South Korean lawmakers at Komeito Party's headquarters in Tokyo, Japan, July 31, 2019. Under the 1965 deal, South Korea was required to consider all pre-treaty compensation issues settled.

From start to finish, Tuesday's 80th annual Golden Globe Awards was a very queer affair. Here are some of the evening's queerest (and gay Twitter meme-worthy) moments. Jerrod Carmichael apologizes to Jennifer Coolidge 'on behalf of all the gays'Jerrod Carmichael hosted the 80th annual Golden Globe Awards on Tuesday. The 26-year-old actor, who already has two Emmy awards for the same role, was not present to accept her Golden Globe. The Burnett award was started in 2019, with its namesake, comedian Carol Burnett, being its first honoree.

☆ S.Korea's Kakao Entertainment secures $966 mln investment from sovereign wealth funds
▼ + stars: | 2023-01-11 | by ( Joyce Lee | ) www.reuters.com time to read: +2 min

SummarySummary Companies Largest overseas investment in Korean content firm, co saysBusiness includes K-Pop, video, online comics and novels"Recession-proof" nature of business likely a draw -analystsSEOUL, Jan 12 (Reuters) - South Korean tech conglomerate Kakao Corp (035720.KS) said on Thursday unit Kakao Entertainment secured a 1.2 trillion won ($966.27 million) investment from leading sovereign wealth funds. Kakao, however, did not name the sovereign wealth funds in its statement. Kakao Corp shares rose 1% in early morning trade, outperforming a 0.2% rise in the wider market (.KS11). Unlisted Kakao Entertainment has a business portfolio ranging from K-Pop - including artist management - to shows, movies, and online-targeted, comparatively low-cost content such as comics called webtoons and serial web novels. "Having secured funds, Kakao Entertainment may seek to strengthen its artist lineup that can better target overseas markets via M&A or other ways."

☆ Here are the 9 North American cities with the best public transit systems
▼ + stars: | 2023-01-04 | by ( Danielle Muoio | Katie Balevic | ) www.businessinsider.com time to read: 1 min

Los AngelesA commuter sits in a Los Angeles Metro train in Los Angeles, Wednesday, July 13, 2022. Jae C. Hong/APLos Angeles was ranked ninth out of the North American cities on Oliver Wyman Forum's list and 37 out of the 60 transit systems examined across the globe. The city might be a surprising addition considering it is known for its vehicle traffic congestion. Only 6% of LA residents use the city's public transportation, which tends to be slow and lacks "a sufficient density of stations," according to the Oliver Wyman Forum. However, the city gained some points for its 2020 Long Range Transportation Plan, which dedicates $80 billion over the next 30 years to upgrading Los Angeles County metro system and expanding it to serve more than 200 stations.

☆ The electric-car industry is set for a pivotal year. Here are 6 VCs' top predictions for 2023, from new trends to investment opportunities.
▼ + stars: | 2022-12-29 | by ( Alexa St. John | ) www.businessinsider.com time to read: +6 min

2023 is set to bring even more momentum to the electric-car industry than 2022 did. Even with challenges — and some executives' losing faith in the EV biz — the industry can't turn back on its ambitions. Robert Knopes/UCG/Universal Images Group via Getty ImagesCharging, charging, chargingHistorically, charging hasn't been a money-making venture. Alexei Andreev, a managing director at AutoTech Ventures, said a shakeout could come in the battery industry, where hundreds of startups are racing to compete with giants. The autonomous-vehicle industry took several hits in 2022, but General Motors is still optimistic about Cruise.

☆ CIOs Nominate Their Favorite Reads of 2022
▼ + stars: | 2022-12-28 | by ( Tom Loftus | ) www.wsj.com time to read: +9 min

Chief information officers, ever alert to any development in a field that only hurtles forward, largely reflected that alacrity in their choice of reading during 2022. PREVIEWChris Bedi, chief digital information officer, ServiceNow Inc. Photo: IBM Corp.Ron Guerrier, chief information officer, HP Inc. Photo: Cisco Systems Inc.Fletcher Previn, chief information officer, Cisco Systems Inc. Photo: Home Depot Inc.Fahim Siddiqui, chief information officer, Home Depot Inc.

☆ After embarrassing incursion by North Korean drones, South Korea vows to speed up work on its own stealth drones
▼ + stars: | 2022-12-27 | by ( Hyung-Jin Kim | Associated Press | ) www.businessinsider.com time to read: +7 min

North Korean drones flew into South Korean for the first time in five years on Monday. A local county office sent emergency text messages notifying residents of a new batch of North Korean drones. South Korean TV footage of a North Korean drone on December 26. It was the first time North Korean drones entered South Korean airspace since 2017. South Korean Defence Ministry/Getty ImagesOn Monday, South Korea sent its own surveillance assets, apparently unmanned drones, across the border as corresponding steps against the North Korean drone flights.

☆ South Korea, U.S. consider live-fire drills amid North Korea threats
▼ + stars: | 2022-12-22 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

SEOUL, Dec 22 (Reuters) - South Korea and the United States are considering staging their first large-scale joint live-fire demonstration in six years in 2023 amid North Korea's growing military threats, Seoul's defence ministry said on Thursday. The drills have been floated as South Korea and the United States discuss preparations for the 70th anniversary of their alliance next year, ministry spokesperson Jeon Ha-gyu said. "Marking that occasion, we are exploring various ways to showcase our military's presence and the alliance's overwhelming deterrence capabilities against North Korea," Jeon told a regular briefing. On Tuesday, the United States flew its F-22 Raptor stealth fighters for joint drills with South Korea for the first time since 2018, hours after North Korea criticised both countries and vowed more missile tests. North Korea has tested an unprecedented number of missiles this year, including intercontinental ballistic missiles (ICBMs) designed to strike the U.S. mainland.

While travel demand is roaring back, many hotels, airlines, cruise operators and airports are still racing to hire and train workers. That means the level of customer service will likely take a hit, industry experts say. One potential bright spot can be found at sea: During the summer, several cruise lines had to cancel voyages due to staffing shortages, but major disruptions have been largely resolved. “It’s highly unlikely your holiday cruise will be canceled due to lack of staffing,” said Colleen McDaniel, editor-in-chief of Cruise Critic, a Tripadvisor-run travel site. “This year, I moved my annual holiday travel to earlier in December,” said Abby Rhinehart, an educational researcher in Tucson, Arizona.

☆ Child workers found throughout Hyundai-Kia supply chain in Alabama
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +16 min

Hyundai and Kia now have dozens of suppliers in Alabama, according to the Economic Development Partnership of Alabama, a business group. The agency, they said, hired underage workers while they worked there. “It was my first job in the United States and this is not what you would expect to see here.”Six other former workers told Reuters they, too, saw underage workers at Ajin’s two factories in Cusseta. Herrera said he raised concerns about the underage workers with managers at SMART, but was brushed off. The officials, wearing shirts that bore Hyundai logos, inspected the assembly line even as underage workers labored there, Herrera said.

☆ The US may have lost in the World Cup, but soccer is more popular than ever in America
▼ + stars: | 2022-12-12 | by ( Harry Enten | ) edition.cnn.com time to read: +36 min

The Atlas Lions made history as the first African team to reach a World Cup semifinal. They made history as the first all-female refereeing crew for a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Less spoken about is that they also rate better on television than the men do in the World Cup. We’ll just have to wait and see, though with the US, Canada and Mexico hosting the 2026 World Cup, soccer isn’t going away anytime soon.

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