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Business & Lifestyle

Samsung announces disappointing 3Q results

JH Han, vice chairman and CEO of Samsung, speaks on stage during the Samsung press conference at the 2022 International CES, at the Mandalay Bay Convention Center in Las Vegas January 4. SEOUL (UPI) -- South Korea's Samsung Electronics announced Friday that its third-quarter operating profit is expected to be $7.66 billion, down a whopping 31.7% from a year ago. It's the lowest profitability level for the company since the first quarter of 2021 and falling short of the $8.3 […]

todayOctober 12, 2022 17

World

South Korea arrests phone scam ring with North Korea ties

SEOUL (UPI) -- South Korean police have arrested eight members of a voice-phishing crime ring based in China after the suspects were found to have used a North Korean malware-installing phone app. Seoul's national intelligence service and the Seoul Metropolitan Police Agency said Monday the malware was sent to more than 200 South Korean victims in the last six months. The suspects were able to steal more than $1.8 million, MBC and local news service Dailian reported. The suspects were all […]

todayNovember 16, 2020 21

World

South Korea welcomes Trump’s letter to Kim Jong Un

SEOUL, South Korea (UPI) -- South Korea says it positively evaluates U.S. President Donald Trump's decision to send a letter to North Korean leader Kim Jong Un, offering U.S. assistance on the novel coronavirus. Seoul's unification ministry spokeswoman Cho Hye-sil suggested Monday at a regular press briefing Trump's letter to Kim contributes to peace in the Koreas, Yonhap reported. Over the weekend, North Korea fired two short-range projectiles into the sea, according to the South's military. "The exchange of letters […]

todayMarch 23, 2020 6

World

North Korean defector arrested after body found in suitcase

HWASEONG, South Korea (UPI) -- A North Korean defector was arrested in connection to the murder of a woman, another defector in the South, after police found her body stuffed inside a suitcase, according to local press reports. South Korean police in the city of Hwaseong, Gyeonggi Province, said Tuesday they have arrested a man who may have been in a domestic partnership with the victim at the time of her death, local newspaper Munhwa Ilbo reported. The suitcase containing […]

todayFebruary 25, 2020 7

Business & Lifestyle

South Korea considering a crypto income tax of 20%

SEOUL (Heartland Newsfeed) -- Crypto holders living in South Korea may want to keep an eye out on recent actions being pursued by their government. A report released Monday from South Korean-based Yonhap News Agency revealed the country's Ministry of Economy and Finance's (SKMEF) tax office is reviewing a proposal that could result in the adoption of a cryptocurrency income tax, which could be as high as 20 percent. An unidentified official who spoke with Yonhap suggests that South Korea […]

todayJanuary 20, 2020 13

North Korea South Korea Seoul Olympics
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Olympics News

Seoul preps bid to co-host 2032 Summer Olympics with North Korea

SEOUL (UPI) -- North and South Korea could soon be co-bidders for the 2032 Summer Olympics, according to South Korean press reports. The city of Seoul, selected to be the country's Olympic Bid City on Monday, could be pursuing a joint bid with Pyongyang, the capital city of North Korea, according to Yonhap News Agency. The decision to select Seoul, over Busan, was made at the Korean Sport and Olympic Committee on Monday, News 1 reported. Seoul received higher marks […]

todayFebruary 12, 2019 4

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National

North Korea could be ‘moving forward’ with nuclear program, analysts say

NEW YORK (UPI) -- North Korea could be quietly moving forward with its nuclear weapons program while stalling talks on denuclearization -- as differences between the United States and South Korea raise new concerns, analysts tell UPI. In a week that began with fresh threats from Pyongyang to restart its nuclear program over the weekend, followed by the abrupt cancellation of a planned meeting in New York between U.S. Secretary of State Mike Pompeo and North Korean official Kim Yong […]

todayNovember 7, 2018 17

Entertainment

Snowboard sensation Chloe Kim makes Winter Games debut

PYEONGCHANG, South Korea (UPI) -- U.S. snowboard sensation Chloe Kim made a successful Winter Games debut in her parents' land as she reached the finals in the women's halfpipe as the top qualifier. Born to Korean immigrants in the United States, Chloe scored 95.50 points in her second qualifying run and claimed the top position among 24 halfpipe competitors at the Pyeongchang Winter Olympics at Phoenix Snow Park in Pyeongchang, South Korea. She had 91.50 in her first qualifying run. She […]

todayFebruary 12, 2018 21

Business & Lifestyle

Paris to host 2024 Olympics, Los Angeles to follow in 2028

LIMA, Peru (UPI) -- For the first time in modern Olympics history, the International Olympic Committee announced two host locations at once Wednesday: Paris in 2024 and Los Angeles in 2028. The two cities are scheduled to host the XXXIII and XXXIV Summer Olympics, respectively. "It is hard to imagine something better. Ensuring the stability of the Olympic Games for the athletes of the world for the next 11 years is something extraordinary," IOC President Thomas Bach said after a committee meeting […]

todaySeptember 13, 2017 5

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