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A two-day parliamentary hearing into the Itaewon disaster is taking place on December 12–13 at the Bankers Association Building in Jung-gu, Seoul. The Special Investigation Committee for Truth and Prevention of Recurrence of the Itaewon disaster is questioning senior police officials about leadership decisions and crowd-control measures during the

Korea’s Personal Information Protection Commission (PIPC) announced penalties against Lotte Card after a hacking incident exposed the personal data of about 2.97 million customers, including 450,000 whose resident registration numbers were leaked. The agency said the breach stemmed from Lotte Card’s online payment system, where log

Iran’s new supreme leader Mojtaba Khamenei used his first public address since taking office to insist that the closure of the Hormuz Strait must continue as a strategic lever to pressure opponents. In the televised statement, he warned that all U.S. military bases in the Middle East should

NCSoft executives laid out their 2026 management strategy at a briefing held at the company’s Pangyo R&D Center in Seongnam, just outside Seoul. Co-CEO Park Byung-mu, Chief Financial Officer Hong Won-joon, and Annel Ceman, head of the Mobile Casual Center, spoke to reporters and analysts about the

NCSoft held its 2026 Management Strategy Briefing at the Pangyo Research and Development Center in Seongnam, just south of Seoul. Co-CEO Park Byung-moo presented the company’s vision to investors and reporters, outlining ambitious revenue and profitability targets for the coming years. The South Korean game maker said it aims

The Korea Meteorological Administration outlined winter weather impacts for Gangwon Province on the 13th, with mostly cloudy skies and heavy snowfall expected in mountainous areas. The East Coast and higher elevations could see rain or snow through the day. Forecasts indicate snowfall of 5 to 15 cm in the mountains,

South Korea’s Financial Services Commission says an amendment to the telecom fraud victim refund law has cleared the National Assembly. The move broadens the scope of who is protected and how refunds are provided when scam losses occur. Under the revision, virtual asset exchanges must meet the same anti-fraud

Daegu and the North Gyeongsang region are forecast to be largely cloudy with scattered rain, according to the Daegu Regional Meteorological Administration. As of 6 a.m., morning temperatures ranged from around -4 C in higher elevations to about 3–4 C in parts of the coast, with daytime highs

The International Energy Agency announced a record release of 400 million barrels of oil from strategic reserves, even as global crude prices jumped about 5% amid escalating Middle East tensions that threatened shipping routes in the Persian Gulf. Iraqi authorities said two foreign-flagged oil tankers anchored near Basra suffered fires

LG CNS, the information technology services unit of South Korea’s LG Group, has formed a strategic partnership with Palantir Technologies to pursue domestic AI transformation (AX) opportunities. The signing ceremony in Seoul was attended by LG CNS president Hyun Shin-gyun and Palantir founder and CEO Alex Karp, among other