Ian Werther

Prosecutors from the Seoul Eastern District Prosecutors’ Office have begun a raid on Korea Evaluation Data, a Seoul-based corporate credit information firm, and its Daegu-Gyeongbuk branch, on suspicions of violating the Credit Information Act. The Criminal Division 6 started the search and seizure this morning, targeting the company’s headquarters

Oil prices briefly surpassed $100 per barrel again, rebounding after a three-day period of movement. South Korea’s Financial Supervisory Service, the country’s financial regulator, held a roundtable with market specialists to discuss volatility in oil and other commodity markets and the potential spillovers into the domestic capital market.

LG CNS, the South Korean IT services arm of the LG Group, has formed a strategic partnership with Palantir Technologies, the United States-based data analytics software company, to accelerate enterprise AI transformation (AX) deployments in Korea. The agreement was signed on the 11th local time in the United States, ahead

A North Korea–China international passenger train resumed bidirectional service on the 12th, six years after it was halted in January 2020 because of COVID-19 border closures. The revival, highlighted by a photo of a train crossing the Yalu River bridge, signals a move toward normalizing people-to-people exchanges that had

Korean credit rating agency Korea Ratings said in a briefing on December 12 that Lotte Card faces a material but uneven set of regulatory penalties for privacy violations. The Personal Information Protection Commission fined Lotte Card 9.62 billion won and 4.8 million won in administrative penalties, and ordered

The International Energy Agency has urged its member countries to release a total of up to 400 million barrels of crude from strategic reserves to counter oil-price volatility driven by the war in the Middle East. Officials described the plan as the IEA’s largest-ever recommended stock release, potentially spread

Former Seoul police official Lee Im-jae, head of the Yongsan Police Station at the time of the 10·29 Itaewon crowd crush, testified on November 12 at a hearing convened by a special investigative panel probing the disaster. The session was held at the Bank of Korea Building in Seoul’

South Korea’s government announced a major push to expand AI computing resources, unveiling the 2026 AI Computing Resource Utilization Foundation Project. The Ministry of Science and ICT (MSIT) and the Information Technology Promotion Agency (NIPA) said the project has a total budget of about 2.08 trillion won to

Sangju, a city in North Gyeongsang Province, South Korea, has been selected by the Ministry of Land, Infrastructure and Transport to lead the 2026 Drone Demonstration City project. This marks the city’s second consecutive year hosting the program, which pilots drone delivery and related services in real-world settings. The

Seoul, South Korea – On the 12th, at a National Assembly caucus meeting in Yeouido, Seoul, Jung Cheong-rae, the leader of the Democratic Party, addressed fellow lawmakers about the simmering controversy surrounding “indictment-cancellation deals.” He said the party would mobilize every possible method to respond forcefully to the spread of these