Korea Zinc Inc. said Wednesday it will buy back 2.66 trillion won (US$2 billion) worth of its own shares in a rare counteroffer to fend off a tender offer by private equity firm MBK Partners and Young Poong, the biggest shareholder of the world’s lar…
K-pop sensation NewJeans has garnered over 300 million streams on Spotify, the world’s largest music streaming platform, with its 2023 hit song “New Jeans.”
The song recorded 300,274,574 cumulative streams as of Monday, becoming the band’s sixth son…
A court of appeals on Wednesday reduced the prison sentence for Jeong Myeong-seok, the leader of a controversial religious organization, the Jesus Morning Star (JMS), to 17 years in his alleged sexual offense case.
The Daejeon High Court in Daejeon,…
A Seoul court on Wednesday dismissed an injunction requested by Young Poong in the intensifying battle for control of Korea Zinc Inc., the world’s largest zinc smelter, allowing the company’s management to buy shares for its defense.
Young Poong, th…
The growth of household loans extended by major banks in South Korea slowed from a month earlier in September, data showed Wednesday.
Outstanding household loans extended by the country’s top five lenders had stood at 730.9 trillion won (US$554.2 bi…
The sports ministry said Wednesday the Korea Football Association (KFA) violated several rules in hiring the men’s national team head coach Hong Myung-bo, rejecting the national football federation’s claim that it had followed the proper process.
Th…
