Daily Archive: July 20, 2021

Seoul stocks down for 3rd day on virus concerns

SEOUL– South Korean stocks extended their losing streak to a third consecutive session Tuesday, following a U.S. stock plunge that stemmed from concerns that the resurgence in the new coronavirus and its variants may deter economic recovery. The Korea…

Optimus CEO gets 25 years for massive fraud

SEOUL– The CEO of the scandal-ridden private equity investment firm, Optimus Asset Management, was sentenced to 25 years in prison Tuesday for running one of the largest fund fraud schemes in the country’s financial history.The Seoul Central District …

Virus-hit Cheonghae unit arrives home on aerial tanker

SEOUL– Members of South Korea’s virus-hit Cheonghae naval unit returned home from Africa on Tuesday, the defense ministry said, after cutting short their anti-piracy mission following an unprecedented mass outbreak that infected 247, or 82 percent, of…