The troubled e-commerce platforms TMON and WeMakePrice have liquidity issues involving over 1 trillion won (US$722.02 million) and there was suspected illegality regarding their payment delay incident, the financial regulator said Tuesday.

Lee Bok-h…

Hyundai Motor Co. and Kia Corp., South Korea’s leading automobile manufacturers, have significantly increased their data security-related investments in recent years in line with the strengthening of software capabilities in their vehicles, industry …

South Korea fell short of grabbing its fifth medal in shooting at the Paris Olympics on Tuesday, following a loss in the bronze medal match of the 10-meter air pistol mixed team event.

Lee Won-ho and Oh Ye-jin lost to Sarabjot Singh and Manu Bhaker …

Seoul shares closed almost 1 percent lower Tuesday as investors became more cautious ahead of the U.S. Federal Reserve’s rate decision and earnings releases from global big techs this week. The local currency lost ground against the U.S. dollar.

The…

Hanwha Aerospace Co., a defense industry unit of South Korea’s Hanwha Group, said Tuesday its second-quarter operating profit more than quadrupled driven by strong exports to Poland.

Its operating profit soared to a record 358.8 billion won (US$259….

A Seoul court froze the assets and debts of TMON and WeMakePrice on Tuesday, as it begins a process to determine whether court-led debt restructuring should be allowed for the e-commerce platforms struggling with a liquidity crisis.

The decision cam…

Yala, Three perpetrators broke into a durian purchasing stall on the side of Highway 410 (Yala-Betong), Bannang Sata District, Yala Province, in the middle of the night and shot the vendor, with 6 bullets, resulting in his death.

The incident occurr…

South Korea and Australia agreed Tuesday to launch an “economic security dialogue” aimed at enhancing communication and cooperation in the economic security field between the two countries, Seoul’s foreign ministry said.

The agreement was reached du…