Finance & markets, Crime & justice, Policy & regulation, Consumer
645 storiesKorean court suspends market-cap delisting decisions; exchange halts two more exits
Seoul Southern District Court Civil Division 51 granted injunctions on Oct 2 suspending the Korea Exchange's delisting decisions against KOSPI-listed Joo Yeon Tech and KOSDAQ-listed KM Pharma until a main ruling. The court questioned the 45…
Germany detains ex-BND chief Hanning on suspicion of espionage
August Hanning, who headed Germany's Federal Intelligence Service (BND) from 1998 to 2005, has been detained on suspicion of espionage, obtaining state secrets and attempted high treason, according to German and Russian outlets. His former …
Seoul appeals court to rule in ex-President Yoon's free opinion poll case
A Seoul appeals court is due to deliver its verdict on Oct 7 in the political funds case against former President Yoon Suk Yeol, accused of receiving 58 free opinion polls from political broker Myung Tae-kyun. The first trial sentenced Yoon…
Asian Games exemption row: Ahn Cheol-soo urges review, defense ministry regrets remarks
People Power Party lawmaker Ahn Cheol-soo said on 7 October that the military service exemption for Asian Games gold medalists should be reviewed for abolition starting with this tournament, noting the rule is a presidential decree that Pre…
US charges Washington state resident in Canada school shooting case
US authorities arrested and charged James Cody Bryant, 30, of Bellingham, Washington, with conspiring to murder people in a foreign country over the Feb. 10 school shooting in Tumbler Ridge, British Columbia. Officials say Bryant communicat…
Trump approves firing squad execution of Fort Hood shooter Nidal Hasan
The Pentagon said President Donald Trump approved execution by U.S. Army firing squad for Nidal Hasan, who was convicted in the 2009 mass shooting at Fort Hood, Texas, that killed 13 people and wounded 32. Pentagon spokesperson Sean Parnell…
Couple in their 60s found dead in Naju house; police seek suspect
A couple in their 60s were found dead at a house in Naju, in the Jeonnam-Gwangju region, according to police reports carried by several South Korean outlets on Oct 6. Local reports described the bodies as bound and said police believe the c…
US military in Okinawa pauses operations, imposes curfew after Marine's arrest
The U.S. military in Okinawa is pausing operations for 48 hours and restricting personnel from leaving base after a Marine was arrested on suspicion of killing a local woman. Bloomberg reported the pause begins at noon Wednesday and is pair…
Land minister says Gangnam, Yongsan home prices have turned negative
Land, Infrastructure and Transport Minister Hong Ji-seon told a National Assembly audit on Oct 7 that home prices in Seoul's Gangnam three districts and Yongsan have turned negative, and said price growth should ease with the market stabili…
Ex-CIA official found with gold bars pleads guilty to $194 million fraud
David J. Rush, a former senior CIA official, pleaded guilty Tuesday in federal court in Alexandria, Virginia, to one count of wire fraud in a scheme prosecutors say cost the federal government about $194 million. Prosecutors said Rush fabri…
SME Minister Lee So-young unveils startup venture regulatory innovation committee at audit
South Korea's SMEs and startups minister, Lee So-young, said on October 7 that her ministry will create a "Startup Venture Regulatory Innovation Committee" to find regulatory improvements, and set out plans to expand the small-business soci…
Hong Kong stocks open higher; Hang Seng up 1%, Alibaba gains about 2.9%
Hong Kong shares opened higher on 6 October, with the Hang Seng Index up 1% and the Hang Seng Tech Index up 1.02%, according to CLS, Yicai and 36Kr. Alibaba rose about 2.9% at the open, while Baidu and Meituan gained nearly 2%, 36Kr reporte…
Amazon’s October Prime Day runs October 6-8 as retailers cut prices early
Amazon’s October Prime Day, also called Prime Big Deal Days, runs from October 6 at 3AM ET through 3AM ET on October 8, with discounts already live, according to The Verge, NBC News and Wired. Wired listed Google Pixel Buds Pro 2 at $190 ($…
Korea's FSS tells 21 securities firms to shift to preventive internal audits
The Financial Supervisory Service met auditors from 21 securities firms in Seoul on Oct 7 and told them to move from audits that catch problems after the fact to preventive checks that protect investors first. The regulator cited repeated v…
Korea's top individual tax delinquent Kwon Hyuk to pay 393.8 billion won
The National Tax Service said on Oct 7 that Kwon Hyuk, chairman of Sido Group and the country's largest individual tax delinquent, has submitted a plan to pay 393.8 billion won in back taxes in full, 15 years after the tax was assessed. He …
UAE sets phased caps on salt, sugar and fat in packaged foods, fines up to Dh500,000
The UAE’s Ministry of Health and Prevention has begun implementing a resolution that caps sodium, sugar and fat in selected packaged foods, with phased limits running until the end of 2030. The rules apply to locally made and imported produ…
Christa Pike conscious and speaking after failed Tennessee execution, lawyers say
Christa Pike, 50, is conscious and speaking and receiving critical medical care nearly a week after Tennessee's attempt to execute her with the drug pentobarbital failed, her attorneys said Tuesday. They said her prognosis remains unclear, …
South Korean court acquits former president Yoon Suk Yeol in political funds appeal
The Seoul High Court acquitted former South Korean president Yoon Suk Yeol on October 7 in the appeal of a case under the Political Funds Act, overturning his first-instance conviction. Prosecutors had alleged he and his wife Kim Keon Hee r…
US Marine arrested in Naha hotel killing; Japan protests, Okinawa governor speaks out
A 20-year-old US Marine was arrested on suspicion of robbery-murder after a 39-year-old woman was found dead at a hotel in Naha, Okinawa Prefecture, and Japanese officials protested to the US side. Foreign Ministry Senior Deputy Minister Ta…
Japan detains alleged Qilin ransomware member, hands him to Germany
Japanese investigative authorities detained a 28-year-old Russian national described as a central member of the ransomware group Qilin and handed him to Germany, several outlets reported on October 6. Germany is investigating him on suspici…