Shinhye Kang

12 hours ago | bloomberg.com | Shinhye Kang

(Bloomberg) -- A South Korean celebrity chef’s wealth, fueled by a hot stock listing, took a tumble after a series of allegations shook confidence in his flagship restaurant chain. Paik Jong-won’s 60% stake in The Born Korea is now valued at about 245 billion won ($174 million), less than half of its peak shortly after listing. The company on Wednesday said operating profit for the three months through March rose 6.6% to 6.2 billion won from a year ago, while sales grew 2.6% to 110.7 billion won.

1 week ago | bloomberg.com | Shinhye Kang

Lee Jae-myung during Democratic Party's presidential primary election in Goyang, South Korea, on April 27. (Bloomberg) -- South Korea’s high court delayed its first hearing on sentencing leading presidential candidate Lee Jae-myung over a legal violation until after the upcoming election, enabling him to run for the country’s top office.

1 week ago | news.bloomberglaw.com | Shinhye Kang

Lotte Global Logistics scrapped its planned Seoul listing, blaming the decision on the uncertain financial markets, dealing another blow to the South Korean initial public offerings. The company was planning to raise up to 201.7 billion won ($143 million) by selling a total of 14.9 million shares, with about half of it coming from the issue of new shares, it said in March.

1 week ago | hk.news.yahoo.com | Shinhye Kang

Shinhye Kang 2025年5月1日 上午11:36 【彭博】-- 韓國財政部長崔相穆在原定接任代總統不到兩小時前宣布辭職，令該國政治不確定性進一步加劇。 韓國國會議長禹元植確認，代總統韓德洙已接受崔相穆的辭呈。此前，由在野黨主導的國會試圖在崔接任韓德洙職務前對其發起彈劾表決。 崔相穆在財政部發表聲明稱，「在當前國內外經濟形勢嚴峻的情況下，我無法繼續履職，對此謹向國民表示歉意」。 崔相穆的辭職為韓國持續的領導層危機再添一重變數。原本他將於周四午夜接替當日早些時候辭職的韓德洙出任代總統。韓德洙計畫參加6月3日舉行的總統選舉。 韓國最高法院周四裁定，目前民調中領跑者、最大在野黨前黨首李在明違反選舉法罪名成立，為其競選前景蒙上陰影。 截至目前，李在明已獲得黨內的總統候選人提名。 原文標題South Korea’s Finance Minister Resigns After Impeachment Bid (1) More stories like this are available on bloomberg.com ©2025 Bloomberg L.P. BBC News...

1 week ago | bloomberg.com | Shinhye Kang

Choi Sang-mok in 2024. (Bloomberg) -- South Korea’s Finance Minister Choi Sang-mok resigned less than two hours before he was due to become the nation’s stand-in leader, in another shock development that deepens the country’s political crisis. National Assembly Speaker Woo Won-shik confirmed Choi’s resignation was accepted by Acting President Han Duck-soo after the opposition-led parliament attempted to vote on an impeachment motion against the finance minister before he took over from Han.