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The Korea Herald

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Why Korea's new leveraged ETFs are under scrutiny

South Korea's financial regulator has launched a fact-finding review of newly listed single-stock leveraged exchange-traded funds tied to Samsung Electronics and SK hynix after signs of unusually heavy trading raised questions about how the products generated more than 10 trillion won ($6.65 billion) in turnover on their first day. According to industry sources Monday, the Financial Supervisory Service recently contacted several brokerages acting as liquidity providers, or LPs, and asset manager

The Korea Herald

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Global hotel booking apps under fire over hidden costs

More than half of consumers who used global accommodation booking platforms reported financial losses, according to a Seoul city government survey released Monday. The survey found that 55 percent of 1,000 respondents who had used overseas lodging platforms within the past three years suffered financial losses when booking accommodations through services including Agoda, Airbnb, Expedia, Booking.com, Trip.com and Hotels.com. The findings come as Seoul seeks stronger oversight of overseas booking

The Korea Herald

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Hegseth calls for 'balanced' OPCON transfer where US military roles are 'honored'

US Defense Secretary Pete Hegseth on Saturday called for finding a "balance" in the transfer of wartime operational control (OPCON) to South Korea in a way that respects the roles the US military has played for decades. Hegseth made the remarks at a defense forum in Singapore amid growing concerns over what appears to be differing views between Seoul and Washington over when and how the transition should proceed. "I think we have to find the balance of where our military plans and the responsibi

The Korea Herald

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All 6 Chinese convicted in killing of Korean student in Cambodia get life

Six Chinese nationals have been sentenced to life in prison by a Cambodian court over the torture and killing of a South Korean university student allegedly drawn into an online scam operation, according to local reports on Thursday. Kampot Provincial Court handed the six men, who are aged between 30 and 54, life imprisonment after finding them guilty of murder involving torture and extreme cruelty, as well as aggravated fraud, The Associated Press and The Phnom Penh Post reported. Cambodia does

KBS World (English)

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S. Korea Points to Iran in Hormuz Ship Attack, Plans to Summon Ambassador

[Politics] : The government has concluded that Iran was likely behind the May 4 attack on the South Korean-operated cargo ship the HMM Namu, which was struck while stranded in the Strait of Hormuz amid the U.S.-Iran conflict. First Vice Foreign Minister Park Yoon-joo announced on Wednesday that the findings of the ... [more...]

KBS World (English)

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S. Korea Expresses Demands Fact-Finding after Activists Claim Assault by Israeli Forces

[Politics] : South Korea has expressed a strong regret and demanded fact-finding after two South Korean activists who were apprehended by Israeli forces aboard aid ships heading to Gaza claimed that they were assaulted in captivity. An official at Seoul's foreign ministry said on Monday that the ... [more...]

The Korea Herald

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Elderly man found burned to death in Asan yard: police

An elderly man was found burned to death in the front yard of a home in Asan, South Chungcheong Province, on Monday, prompting a police investigation. Police and fire authorities said a passerby called 119 at around 6:16 p.m. after finding a person collapsed in the yard of a residential home in Sinchang-myeon. Paramedics dispatched to the scene found the body of a man in his 80s who had been burned to death and handed the case over to police. The door to the home was locked at the time, and no f

The Korea Herald

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Shinsegae chair to offer bow of apology as Starbucks anger continues

Shinsegae Group Chair Chung Yong-jin will apologize again over Starbucks Korea’s controversial “Tank Day” marketing campaign at a press conference Tuesday and announce the findings of the group’s internal investigation into the incident, the retail conglomerate said Sunday. According to Shinsegae Group, Chung plans to personally deliver an apology to those hurt by Starbucks Korea’s marketing campaign, released on the anniversary of the May 18 Democratic Uprising. The press conference will take p

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Why Korea's new leveraged ETFs are under scrutiny

Global hotel booking apps under fire over hidden costs

Hegseth calls for 'balanced' OPCON transfer where US military roles are 'honored'

All 6 Chinese convicted in killing of Korean student in Cambodia get life

S. Korea Points to Iran in Hormuz Ship Attack, Plans to Summon Ambassador

S. Korea Expresses Demands Fact-Finding after Activists Claim Assault by Israeli Forces

Elderly man found burned to death in Asan yard: police

Shinsegae chair to offer bow of apology as Starbucks anger continues