Court orders Do Kwon extradition to South Korea — US not happy
Prosecutors in the US will continue to seek extradition of former cryptocurrency mogul Do Kwon despite a ruling by Montenegro’s High Court to hand him over to his native South Korea to face charges over the $40 billion collapse of...
South Korea sends first spy satellite into orbit using SpaceX rocket
One of Elon Musk’s rockets carried a South Korean spy satellite into orbit as the rivalry between the two Koreas expands beyond Earth.
A SpaceX Falcon 9 carrying Seoul’s first domestically made reconnaissance satellite...
Do Kwon to be extradited to face fraud charges
Montenegro’s high court approved the extradition of crypto entrepreneur Do Kwon, who is sought by the US and South Korea on fraud charges.
The justice minister will make the final decision on which country to extradite Kwon to, the court said on...
North Korea's first spy satellite deployment confirmed
North Korea appears to have successfully placed a satellite into orbit, moving leader Kim Jong Un closer to his key policy goal of deploying an array of reconnaissance probes to keep an eye on US forces in the region.
South Korea’s Joint...
SK Hynix in a world of trouble over Huawei Mate 60 Pro chips
SK Hynix Inc.’s $24-billion rally this year is unravelling fast as the South Korean chipmaker finds itself embroiled in an intensifying US-China tech war.
A key supplier to both Apple Inc. and Nvidia Corp., SK Hynix has ridden this...
Terra's Do Kwon could spend over 40 years in jail
The disgraced former crypto titan Do Kwon may spend most of his life behind bars, first in his native South Korea and then in the US, according to a scenario laid out by a senior prosecutor in the Asian nation.
Both countries are seeking Kwon’s...
Samsung workers could go on strike for first time ever
Samsung Electronics Co. faces its first-ever labour strike after an influential union threatened to stage a walkout to protest wages and the company’s alleged attempts to block labour organisation.
The union, which says it represents about...
Samsung reports worst quarterly profit since 2009
Samsung Electronics Co. is cutting memory chip production after reporting its slimmest profit since the 2009 global financial crisis, a significant step for the industry after oversupply caused prices to crater. Shares rose.
Operating profit...
Smartphone sales in 2022 plummeted to worst level in 10 years
Global smartphone shipments suffered their worst quarterly drop on record in a clear sign of cooling consumer demand that signals more pain for manufacturing hubs like South Korea and Vietnam.
Shipments declined 18.3% in the...
Worldwide chip sales slump for first time since early 2020
Global chip sales contracted for the first time since early 2020, in a blow to South Korea’s economy which is highly geared to the industry and struggling to adjust to weaker demand.
Worldwide sales of semiconductors declined 3% in...
Samsung heir Jay Y. Lee pardoned from graft charges
Samsung Electronics Co. Vice Chairman Jay Y. Lee won a presidential pardon from graft charges, allowing him to formally take the helm of an electronics conglomerate roiled by global demand and supply shocks.
South Korean President Yoon Suk...
We've been "warned" about how subscriptions could become the automotive equivalent of a video game's downloadable content, and we're beginning to see more examples.
On its ConnectedDrive Store in South Korea, BMW owners can pay a monthly fee to have a creature comfort such as heated seats. It...
South Korea charges suppliers with selling Samsung technology to China
South Korea charged nine people and two companies of illegally selling Samsung Electronics Co.’s bendable screen technology to a Chinese rival.
The chief executive officer of a Samsung supplier and eight of his employees...
For some reason, Audi seems to have a complicated relationship with Vehicle Identification Numbers.
They’re not really complicated things, but Audi has admitted to using falsified VINs on South Korean cars in an effort to make emissions testing verification more difficult.
As a result of...
South Korea will ban driving recalled BMWs that haven't received safety checks following dozens of fires the German automaker has blamed on a faulty exhaust gas component.
South Korea's Ministry of Land, Infrastructure and Transport said Tuesday the ban taking effect Wednesday affects about...