S-Oil Chief Executive Officer Hussain A. Al-Qahtani on Friday apologized over the explosion of its refinery in Ulsan, about 415 kilometers southwest of Seoul, and promised to take all measures possible to prevent such incident from happening again. “I would like to express my deepest condolences and apologies to the deceased who lost his life from an incident in S-Oil Onsan Refinery and to his family. My apologies also go out to the injured workers and local residents close to the refine

N.Korea issues COVID-19 treatment guidelines after overdose deaths, other malpractices reported

Timeline set by Moon admin delayed

Prosecutors are looking into whether to bring Ponzi fraud charges against CEO Do Kwon of Terraform Labs, sources said Friday, a day after investors sued him over the shocking crash of the firm's two cryptocurrencies. In a crash starting last week, Terraform's two main tokens, TerraUSD and sister coin Luna, had registered more than 99.99 percent falls from their highs, wiping out more than $38 billion of investors' money in a week, according to data by CoinMarketCap. Financial authorities said ab

President Yoon Suk-yeol, government ministers and nearly all lawmakers of the People Power Party attended the 42nd anniversary of the May 18 Gwangju Democratic Uprising. It is unprecedented that most lawmakers of the party attended the official ceremony to memorialize the civil revolt, which has long been associated with the liberal Democratic Party of Korea. On May 18, 1980, Gwangju citizens rose up against the then-military junta led by the late President Chun Doo-hwan. The conservative part

Cryptocurrencies still sound cryptic to most people, especially those who are not familiar with how its jargon-filled blockchain technology works. But the message from the plunging market capitalization of major cryptocurrencies like bitcoin is not so cryptic: Panicky investors are selling off their risky digital assets. At the center of the rushed crypto sell-offs are none other than Korean-made cryptocurrencies, terra and luna, both of which were launched by local startup Terraform Labs. Its