The Seoul High Court found Kim Keon Hee guilty of manipulating the share price of Deutsch Motors, a South Korean car dealer, which it ruled a "collusive ... trading act constituting market manipulation".
In January, Kim Keon Hee was sentenced to 20 months for accepting gifts from the Unification Church, which sought political favors. (Image credit: Ahn Young-joon)
• North Korea launched multiple ballistic missiles into the Sea of Japan on Monday, prompting immediate condemnation from Seoul and Washington amid escalating tensions on the Korean Peninsula.
• South Korea's military detected at least three missile launches, with analysts assessing the tests as part of Pyongyang's ongoing weapons development program.
• The U.S. State Department condemned the launches as destabilizing and reiterated its commitment to defending South Korea and Japan through extended deterrence.
Foreign affairs minister begins another diplomatic tour to secure Australia’s fuel and energy supply chains. Follow today’s news liveGet our breaking news email, free app or daily news podcastGood morning, Nick Visser here to guide you through the day’s news. Here’s what’s on deck:The foreign minister, Penny Wong, will travel to Japan today, part of a diplomatic trip to secure fuel supplies that will also include visits to China and South Korea. She said the effort will help “ensure Australia is prioritised as a reliable energy partner”. Continue reading...
One pilot ordered to repay some of the $600,000 of damage caused by collision in 2021South Korea’s air force has apologised for a 2021 mid-air collision involving two fighter jets, a day after auditors said pilots were taking selfies and filming during the flight and held them responsible for the accident.“We sincerely apologise to the public for the concern caused by the accident that occurred in 2021,” an air force spokesperson said in a press briefing. The spokesperson said one of the pilots involved had been suspended from flying duties, received severe disciplinary action and has since left the military. Continue reading...
Washington reportedly limits satellite data after minister spoke publicly about suspected facility in North KoreaThe US has partly restricted intelligence sharing with South Korea after the country’s unification minister publicly identified a suspected North Korean nuclear site, according to reports in South Korean media.Chung Dong-young told lawmakers in March that North Korea was operating uranium enrichment facilities in Kusong, a north-western area that had not previously been officially confirmed as a nuclear site alongside the known facilities at Yongbyon and Kangson. Continue reading...
Police seek warrant for Bang Si-Hyuk over allegations he illegally gained millions in investor fraud schemeSouth Korean police said on Tuesday they were seeking to arrest Bang Si-Hyuk, the chair of the agency behind the K-pop band BTS, as they expand an investigation into allegations that he illegally gained more than $100m (£74m) in an investor fraud scheme.The Seoul metropolitan police agency confirmed it had asked prosecutors to request a court warrant for arresting Bang, founder and chair of HYBE. Continue reading...
• North Korea fired two intermediate-range ballistic missiles into the Sea of Japan on April 17, just hours before the U.S. and South Korea began combined military exercises involving 40,000 troops, according to Japanese and South Korean defense officials.
• The missiles traveled approximately 600 kilometers, prompting South Korean and Japanese military responses; U.S. Indo-Pacific Command condemned the test as destabilizing and a violation of UN Security Council resolutions.
• Experts note the missile design appears improved from previous tests, suggesting continued technological advancement despite international sanctions and diplomatic isolation.
Nine-day search for two-year-old Neukgu gripped nation and sparked safety concerns for animal and publicThe internet in South Korea erupted in celebration as a two-year-old wolf that escaped from a zoo was captured safely after a nine-day search that had gripped the nation and made the animal a national celebrity.The male wolf, named Neukgu, burrowed out of his enclosure at the O-World zoo in Daejeon on 8 April. Animal rights activists questioned whether the wolf could survive outside the zoo and also worried he might be killed during capture, something that happened to a puma that escaped from the same zoo in 2018. Continue reading...