September 11, 2024

Yoon calls for joint efforts against cross-border cyberthreats

President Yoon Suk Yeol said Wednesday that South Korea aims to become a cyber drill hub in the Indo-Pacific region to enhance international cooperation in combating rising cross-border cyberthreats.

Yoon called for joint efforts to tackle security …

Regulator to seek tougher punishment for illegal money lenders

The financial regulator said Wednesday it will work to strengthen punishment for illegal money lending businesses and nullify their very contracts that are deemed antisocial.

The move follows a recent spike in the number of complaints against loan s…

Seoul shares fall for 7th day on foreign selling

South Korean stocks fell for the seventh consecutive session Wednesday led by foreign sell-off ahead of U.S. inflation data that could influence the Federal Reserve’s policy move next week. The Korean won traded higher against the U.S. greenback.

Th…

CJ Logistics, Affinity sign MOU for logistics deals

CJ Logistics Corp., South Korea’s biggest logistics company, said Wednesday it has partnered with Affinity Equity Partners for more deals in third party logistics (3PL) markets.

CJ Logistics and Affinity, one of the largest Asian private equity firm…