General

N.K. leader inspects munitions factory after key party meeting

North Korean leader Kim Jong-un has visited major munitions and machinery factories, calling for efforts to expand production in the overall economic sector, according to state media Wednesday.

The inspection took place Tuesday, a day after North Ko…

Alibaba.com to open website only for S. Korean products in H2

Alibaba.com, China’s largest online marketplace, said Wednesday it will open an exclusive website for South Korean companies in the second half, reflecting a growing demand from B2B buyers for Korean-made products.

Korean products have been availabl…

MBK Partners to acquire Japanese drugmaker Alinamin

Private equity firm MBK Partners will acquire Japan’s Alinamin Pharmaceutical for 2.9 trillion won (US$2.1 billion), industry sources said Wednesday.

MBK Partners will buy the Japanese supplement maker from U.S. investment fund Blackstone in a stock…

Police vow to speed up probe into deadly car crash

Police investigating the deadly car crash that killed nine people in downtown Seoul earlier this week said Wednesday they will speed up the probe as soon as the injured perpetrator’s physical condition improves.

The Seoul Namdaemun Police Station sa…