Seoul, May 28 (IANS) The head of South Korea’s platform giant Kakao apologised on Thursday for failing to ease concerns over ongoing wage talks.Chung Shin-a, CEO of the operator of the popular messenger service, made the remarks, a day after the labour union and the management failed to reach an agreement in their second round of mediation on wage negotiations.”I sincerely apologise for the failure to swiftly resolve various concerns and uncertainties,” Chung said in an internal notice earlier i…
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Seoul, May 28 (IANS) A Seoul court on Thursday acquitted former South Korean President Yoon Suk Yeol of perjury over allegations that he gave false testimony during former Prime Minister Han Duck-soo’s insurrection trial. The jailed former president was indicted on charges of giving a false impression during Han’s trial last year that the Cabinet meeting he convened shortly before declaring martial law on December 3, 2024, was planned even before Han suggested it.The Seoul Central District Court…
Seoul, May 27 (IANS) A labour union at Kakao, the operator of South Korea’s popular messenger service, and the company’s management began a second round of mediation with the Gyeonggi Regional Labor Relations Commission on Wednesday, industry sources said.The mediation procedures came after the two sides failed to narrow differences in the first round of wage talks held May 18, according to sources, reports Yonhap news agency.If the regional labour office decides to suspend the mediation, unioni…
Seoul, May 26 (IANS) South Korea’s President Lee Jae Myung on Tuesday instructed officials to accelerate efforts to fulfil South Korea’s plan to acquire nuclear-powered submarines.The president made the call during a Cabinet meeting, highlighting the need to enhance the country’s self-defence capabilities amid North Korea’s growing nuclear and missile threats.In a fact sheet released after a South Korea-US summit late last year, Washington expressed support for Seoul to build nuclear-powered, …
Seoul, May 24 (IANS) South Korea’s financial authorities are moving to allow foreign investors to trade domestic exchange-traded funds (ETFs) directly, a measure that could help draw more overseas money into Korean assets amid a record-setting rally in the benchmark KOSPI, sources said on Sunday.The KOSPI has been among the world’s best-performing stock indexes this year, rising 82 percent from 4,309.63 on the first trading day of the year to close at 7,847.71 on Friday, driven largely by strong…
Seoul, May 18 (IANS) North Korean leader Kim Jong-un has convened a meeting with commanding officers of the armed forces and called for reinforcement of front-line units on the southern border, state media reported Monday.Kim made the call Sunday in a meeting with the commanders of the army’s divisions and brigades, stressing that advancement of military technology at key units, particularly front-line forces, plays a critical role in effective deterrence of war, according to the Korean Central …
Seoul, May 17 (IANS) Two South Koreans who were held captive in Cambodia in scam-related incidents have been rescued in separate operations conducted through cooperation between South Korean and Cambodian authorities, police said Sunday. A man in his 30s, who has a disability, travelled to Cambodia via Vietnam after seeing a social media post advertising special recruitment opportunities for people with disabilities.But he failed to obtain a job and was subsequently held captive in a hotel in th…
Seoul, May 12 (IANS) Samsung on Tuesday denied claims by British pop singer Dua Lipa that the South Korean tech giant used her image on television packaging without permission, saying the image was used with authorisation obtained through a content partner.Lipa’s legal team filed a lawsuit in the U.S. District Court for Central California last week seeking more than $15 million in damages, accusing Samsung of violating copyright, trademark and publicity rights laws.Samsung Electronics rejected t…
Seoul, May 11 (IANS) The largest labour union at Samsung Electronics on Monday reiterated its demand that the company allocate 15 per cent of operating profit to employee performance-based bonuses and remove the payout cap, warning that mediation efforts could collapse if no progress is made.Choi Seung-ho, head of the union, reaffirmed the labor group’s position ahead of follow-up mediation talks aimed at averting the union’s planned 18-day strike beginning May 21, reports Yonhap news agency.”We…
Seoul, May 10 (IANS) South Korean Defence Minister Ahn Gyu-back said on Sunday that South Korea and the United States face “no major issues” in accelerating the transfer of wartime operational control (OPCON), stressing that the allies have made “significant progress” in meeting the conditions agreed upon by the two sides for the transition. Ahn made the remarks before departing for Washington for talks with US Defence Secretary Pete Hegseth, scheduled for Monday (US time), as Seoul is seeking t…