Korean entertainer and race car driver Ryu Si-won is reported to be in divorce proceedings. Local dailies reported Monday that Ryu’s wife had filed for divorce on March 22, seeking to end the couple’s 18-month marriage. The reasons for the split have not been disclosed. On Monday, Ryu canceled the annual pre-race event for his team, EXR Team 106, scheduled for April 17. R’s Company, Ryu’s entertainment firm, explained that the cancellation was due to personal matters. R’s Company said through a

The organizing committee of Yeosu Expo 2012 announced on Friday that it will hold a pre-opening event on the national holiday of Children’s Day on May 5.According to the committee, more than 60,000 people signed up for the event in the first three days of the online registration period starting April 1. It added that it plans to attract many more. The organization revealed its plan to grant the first 110,000 arrivals free passes for exhibition halls and cultural art performance. To mark Children

The Korea Trade-Investment Promotion Agency named financial expert Han Ki-won on Monday, commissioner of Invest Korea, the agency’s foreign investment promotion arm. The 53-year-old is highly experienced in the investment field, and is proficient in Korean, English and Japanese, KOTRA said. “We rarely get a candidate who suits the post better than he does,” a KOTRA spokesperson said. “He had a 10-year investment banking career in Japan and another 15 years in Europe and Asia. Han is a top-notch

South Korea accused North Korea on Monday of trying to develop a nuclear-armed missile through a satellite launch next month, after Pyongyang dismissed international calls to abandon the exercise.“Our government defines North Korea‘s so-called working satellite launch plan as a grave provocation to develop a long-distance delivery means for nuclear weapons by using ballistic missile technology,” said presidential spokesman Park Jeong-Ha.The North announced Friday it would launch a long-range roc

Apple Inc. said it will announce the outcome of its internal discussion concerning its enormous cash balance on Monday morning.Analysts expect Apple to institute a dividend. It can easily afford one, since it had $97.6 billion in cash and securities at the end of last year. That would be enough for a $100 one-time dividend for every shareholder, but analysts expect the company to institute a modest recurring dividend.Apple CEO Tim Cook and Chief Financial Officer Peter Oppenheimer will discuss t