Kakao Corp., South Korea’s biggest messenger operator, is confronting a major crisis after founder Kim Beom-su’s arrest Tuesday for alleged stock price manipulation related to last year’s takeover of K-pop powerhouse SM Entertainment.

The incident o…

South Korea’s first medal of the Paris Olympics could come Saturday, the very first day of competition after Friday’s opening ceremony, with swimming world champion Kim Woo-min scheduled to compete in the men’s 400-meter freestyle.

The heats for the…

Two ecommerce majors affiliated with Singapore-based Qoo10 are shaken by chain withdrawals by service providers and users due to their deferred payments from liquidity-related issues. Travel agents and retailers are pulling out or cancelling their go…

The president of Belarus has called for “further expanding cooperation” with North Korea in a message sent to North Korean leader Kim Jong-un, Pyongyang’s foreign ministry said Friday, amid speculation that the nations will seek to strengthen trilate…

Prosecutors on Friday secured a luxury handbag that first lady Kim Keon Hee had received from a Korean American pastor seeking her favors as part of an investigation into allegations that the acceptance violated ethics rules.

The Dior bag, worth 3 m…

Hana Financial Group Inc. on Friday reported its second-quarter net profit of 1.04 trillion won (US$754.7 million), up 11.7 percent from a year earlier.

The company said in a regulatory filing that it posted 1.35 trillion won in operating profit for…

Japan’s former gold mine, associated with South Korea’s wartime forced labor, is expected to be listed as a UNESCO World Heritage Site over the weekend, Seoul’s foreign ministry said Friday.

Seoul has protested Tokyo’s push to enlist its gold and si…

Doosan Enerbility Co. on Friday reported its second-quarter net income of 220.8 billion won (US$159.3 million), down 16 percent from a year earlier.

The company said in a regulatory filing that it posted 309.8 billion won in operating profit for the…