PODGORICA -- Prosecutors in Montenegro on Friday charged fugitive cryptocurrency entrepreneur Do Kwon with forgery and South Korean officials vowed to press for his extradition. The Terraform founder is accused of fraud over his company’s dramatic collapse last year, which wiped out about $40 billion of investors’ money and shook global crypto markets. Kwon, whose full name is Kwon Do-hyung, was arrested with a companion on Thursday at the airport in the Montenegrin capital Podgorica

Three of former President Moon Jae-in’s key security officials stood trial on Friday for their alleged roles in the cover-up of North Korea’s killing of the South Korean official Lee Dae-jun at sea in September 2020. The three accused in the case are Moon’s Cheong Wa Dae National Security Adviser Suh Hoon, his National Intelligence Service Director Park Jie-won, and his Minister of National Defense Seo Wook. Seoul prosecutors believe that the Moon officials colluded to cover up

Marking the 50th anniversary of bilateral relations, business forum explores ways to enhance partnerships in the green transition, healthcare

Applicants try year after year before being admitted; those successful mostly from big cities

Last month, nearly 500,000 young people aged 15 to 29 gave up looking for a job. According to Statistics Korea, the population of young people choosing to be unemployed without looking for jobs increased to 497,000 in February, the largest number since related statistics were first compiled in January 2003. To make matters worse, youth employment shrank for four months in a row and the recent shrinkage was the biggest since February 2021. The overall employment situation was not positive, either

It is fairly rare for rival parties in South Korea to agree on any single policy. Quite surprisingly, politicians from both the ruling and opposition parties have put forth the same proposal: a hike of deposit insurance limits. “South Korea needs a new deposit insurance limit suitable for its stature as a nation with expanding economic power,” Sung Il-jong, the top policymaker of the ruling People Power Party, said Tuesday. Sung said Korea should reconsider the current deposit insura