N. Korea slams top US officials’ op-ed on Biden’s diplomatic feats

North Korea on Tuesday denounced top U.S. officials’ joint opinion piece that touted “unprecedented” trilateral cooperation among South Korea, the United States and Japan as feats of U.S. President Joe Biden’s Indo-Pacific diplomacy. In the piece published in The Washington Post last Monday, Secretary of State Antony Blinken, Defense Secretary Lloyd Austin and National Security […]

Yoon voices frustration over ‘national foundation day’ controversy

President Yoon Suk Yeol has expressed frustration over the recent controversy surrounding when should be Korea’s national founding day, saying it is an issue that does no good for people’s livelihoods. The controversy began after Yoon appointed Kim Hyoung-suk, a figure accused of harboring pro-Japanese views, as the new president of the Independence Hall of […]

Scandals involving BTS’s Suga, Chairman Bang Si-hyuk anger HYBE shareholders

A recent surge of sarcastic comments in a HYBE stock discussion forum reveals the growing frustration among shareholders, as the company’s stock price has nearly halved since June of last year. The anger has been further fueled by recent controversies. BTS member Suga was caught driving under the influence while serving his alternative military duty, […]

Mercedes-Benz’s reputation tainted by overly defensive response to EV fire

Mercedes-Benz Korea is rapidly losing its reputation and trust among Korean customers due to what is perceived as “overly defensive” responses from its headquarters regarding a catastrophic fire caused by its EQE electric vehicle (EV), according to industry officials. The incident, which erupted in an apartment complex parking garage in Incheon earlier this month, caused […]

Woori scandal prompts call for liability of banking group leaders on financial crimes

A financial scandal surrounding relatives of former Woori Financial Group Chairman Son Tae-seung is prompting calls that the top leadership at financial firms should be fully held accountable for lax regulatory control. Implemented on July 3, a law on corporate governance of financial services companies has their leaders face liabilities if the firms are caught […]