Latest South Korea News

FILE- In this July 21, 2020 file photo, people walk by the New York Stock Exchange.  Stocks are falling in early trading on Friday, Oct. 30,  as Wall Street closes out a punishing week and its first back-to-back monthly loss since March, when worries about the pandemic were first peaking.  (AP Photo/Mark Lennihan, File)

Tech losses drive Wall Street down again, ending grim week

Oct. 30, 2020 5:56 PM EDT

Wall Street closed out another punishing week Friday with the S&P 500 posting its first back-to-back monthly loss since the pandemic first gripped the economy in March. The S&P 500 dropped 1.2% and ended the week with a 5.6% loss, its worst in seven months. Sharp drops in big technology stocks drove much...

FILE - In this file photo taken Saturday, March 8, 2014, Russian President Vladimir Putin, foreground, and Russia's sports minister Vitaly Mutko, standing behind, watch downhill ski competition of the 2014 Winter Paralympics in Roza Khutor mountain district of Sochi, Russia.  Russia’s status as an Olympic team and reputation as a serial cheater in international sports goes on trial on Monday Nov. 2, 2020, as the Court of Arbitration for Sport will start hearings about a manipulated database from the Moscow testing laboratory.  (Alexei Nikolsky, Sputnik, Kremlin Pool Photo via AP, File)

Russia's reputation, Olympic status on trial for doping

Oct. 30, 2020 4:14 PM EDT

GENEVA (AP) — Russia’s status as an Olympic team, and its reputation as a serial cheater in international sports, goes on trial next week in more legal fallout from the country's state-backed doping saga. At an undisclosed location in Lausanne on Monday, the Court of Arbitration for Sport will start...

Members of Japanese civil groups attend a rally near Mitsubishi Heavy Industries headquarters in Tokyo, Japan, Friday, Oct. 30, 2020. Dozens of people protested outside Mitsubishi Heavy Industries headquarters building in Tokyo on Friday, demanding Japanese companies pay compensation for their wartime abuse of Korean laborers by accepting the South Korean supreme court ruling two years ago that severely strained relations between the two neighbors. The banners read

Protest outside Japan's Mitsubishi over wartime forced labor

Oct. 30, 2020 9:05 AM EDT

TOKYO (AP) — About a dozen people protested outside the headquarters of Mitsubishi Heavy Industries in Tokyo on Friday, demanding Japanese companies pay compensation for their wartime abuse of Korean laborers. The protesters called on the companies to accept South Korean Supreme Court rulings that severely...

A currency trader walks by screens showing the foreign exchange rates and the Korean Securities Dealers Automated Quotations (KOSDAQ) at the foreign exchange dealing room in Seoul, South Korea, Friday, Oct. 30, 2020. Asian stocks sank Friday as investors looked ahead to next week's U.S. presidential election and weighed the chances of economic stimulus from Washington and Europe.(AP Photo/Lee Jin-man)

Asian shares fall back after Wall Street rebound

Oct. 29, 2020 11:36 PM EDT

BEIJING (AP) — Asian stocks sank Friday as investors looked ahead to next week's U.S. presidential election and weighed the chances of economic stimulus from Washington and Europe. Benchmarks in Tokyo, Hong Kong and Seoul all retreated. Shanghai swung between gains and losses. Investors have been dismayed...

FILE - In this March 14, 2018, file photo, former South Korean President Lee Myung-bak arrives for questioning over bribery allegations at the Seoul Central District Prosecutors' Office in Seoul, South Korea. South Korea’s top court on Thursday, Oct. 29, 2020, upheld a 17-year prison term imposed on ex-President Lee over a range of high-profile corruption charges, a ruling that will send him back to jail again.(Kim Hong-Ji/Pool Photo via AP, File)

S. Korea's top court upholds ex-leader's 17-year jail term

Oct. 29, 2020 5:38 AM EDT

SEOUL, South Korea (AP) — South Korea’s top court upheld a 17-year prison sentence on former President Lee Myung-bak for a range of corruption crimes in a final ruling Thursday that will send him back to prison soon. Lee has been convicted of taking bribes worth millions of dollars from big...

FILE - In this June 8, 2020 file photo, Samsung Electronics Vice Chairman Lee Jae-yong arrives at the Seoul Central District Court in Seoul, South Korea. As Samsung Electronics mourns the death of its long-time chairman, Lee Kun-Hee, questions loom over what's next for South Korea's biggest company. Samsung has struggled for years to diversify from its core hardware business to tap new technologies and services. (AP Photo/Ahn Young-joon, File)

Samsung reports record sales amid questions about future

Oct. 29, 2020 12:50 AM EDT

SEOUL, South Korea (AP) — The flood of obituaries for Samsung Electronics Chairman Lee Kun-Hee since his death over the weekend have mostly shared his most defining quote: “Change everything except for your wife and children.” Lee’s rant against what he saw as complacency during a...

A man wearing a face shield as a precautionary measure against the coronavirus walks on a street in Hyderabad, India, Tuesday, Oct. 27, 2020. India reports 36,470 new coronavirus cases, the lowest in more than three months in a continuing downward trend. However, the overall tally neared 8 million, the second in the world behind the U.S. with over 8.7 million positive cases. (AP Photo/Mahesh Kumar A.)

The Latest: India capital has its worst 1-day virus caseload

Oct. 28, 2020 12:32 AM EDT

NEW DELHI — India’s tally of confirmed coronavirus cases is moving closer to 8 million, with 43,893 new cases reported for the latest 24-hour period. The total reported Wednesday includes the highest single-day number of cases for the Indian capital of New Delhi — 4,853. The Health Ministry...

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, Oct. 28, 2020. Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. (AP Photo/Kin Cheung)

Asian stocks fall on worries over rising virus cases, US aid

Oct. 27, 2020 10:51 PM EDT

TOKYO (AP) — Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. The uncertainty surrounding the upcoming U.S. election also has regional market players hesitant to make big moves. Japan's benchmark Nikkei 225 fell 0.3%...

FILE - In this Jan. 15, 2019, file photo, members of South Korean K-pop group TWICE pose for photos on the red carpet at the Seoul Music Awards at Gocheok Sky Dome in Seoul, South Korea. TWICE, a popular K-pop group known for its catchy lyrics and colorful aesthetics, released its second full album, a collection that invites listeners into the band's more daring side. “Eyes Wide Open,” released Monday, Oct. 26, 2020, has 13 songs, including the lead single “I Can't Stop Me.

K-pop band TWICE reveals its daring side on new album

Oct. 27, 2020 6:05 PM EDT

SEOUL, South Korea (AP) — TWICE, a popular K-pop group known for its catchy lyrics and colorful aesthetics, has released its second full album, a collection that invites listeners into the band's more daring side. “Eyes Wide Open,” released Monday, features 13 songs, including the lead single...

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Oct. 27, 2020. Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. (AP Photo/Vincent Yu)

Asian shares slip after Wall St's worst day in a month

Oct. 27, 2020 12:10 AM EDT

Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. Stock benchmarks fell in Tokyo, Shanghai, Hong Kong and Sydney. Shares were flat in South Korea, where economic growth data were slightly better than expected. ...