Interpark Commerce declared bankrupt by court

The Seoul Bankruptcy Court on Tuesday declared Interpark Commerce, an online retail subsidiary of e-commerce company Qoo10, bankrupt after financial problems arose from Qoo10's other subsidiaries' unpaid seller fees.

2025-12-16

Future of Daejong Film Awards uncertain as nonprofit host goes into liquidation

A court has rejected a bankruptcy appeal by the Motion Picture Association of Korea, throwing the future of the Daejong International Film Awards in doubt.

2024-11-01

Structure of Korean banks buffers SVB aftershocks

The business structure of Korean banks, heavily criticized up until a week ago, is cushioning the side effects of the worst collapse of a U.S. lender in more than a decade.

2023-03-17

Young crypto investors face repercussions in their personal lives

The instability in the crypto market is devastating young punters in their 20s and 30s who took out excessive loans in the hopes of making their fortunes.

2022-08-03

Eastar Jet's pilot union pushes for receivership of airline

Eastar Jet’s pilot union on Tuesday requested the cash-strapped airline file for court receivership and withdraw its plan to lay off more than 600 employees.

2020-09-22

Airlines, bankrupt and otherwise, stiff passengers for refunds

With the collapse of global air travel, ticket holders are demanding refunds. Many are out of luck and out of money, as some airlines are bankrupt and others are stalling for time.

2020-07-30