February 23, 2024

S. Korea slaps 435 mln-won fine on Twitch for suspending service

The South Korean telecommunications watchdog said Friday it has slapped a fine of 435 million won (US$327,000) on the U.S. live video streaming platform Twitch, which suspended its video-on-demand (VOD) service in the country last year.

Twitch Inter…

FM Cho to attend UNSC meeting in New York this week

Foreign Minister Cho Tae-yul is set to visit New York this week to attend a United Nations Security Council (UNSC) briefing, his office said Friday.

Cho is expected to stress Seoul’s contribution to international peace efforts at the UNSC briefing t…

Hanwha Ocean bags 342 bln-won order for crude carriers

Major South Korean shipbuilder Hanwha Ocean Co. said Friday it has won a 342 billion-won (US$256 million) order for two very large crude carriers (VLCCs) from an Oceanian shipper.

The VLCCs will be built at Hanwha Ocean’s shipyard in Geoje on the so…

Hanwha Aerospace reports Q4 net income of 213.2 bln won

Hanwha Aerospace Co. on Friday reported its fourth-quarter net profit of 213.2 billion won (US$160.4 million).

The company said in a regulatory filing that operating profit for the October-December period rose 79.6 percent on-year to 289.5 billion w…