South Korean court reduces Han Duck-soo’s prison term in martial law case

Seoul appeals court cuts Han Duck-soo's prison sentence from 23 years to 15.

South Korean court cuts former prime minister Han Duck-soo’s jail term to 15 years

A South Korean appeals court reduced the sentence of former prime minister Han Duck-soo on Thursday by eight years for crimes relating to ex-president Yoon Suk-yeol’s martial law declaration. Yoon’s decree in December 2024 briefly suspended civilian rule and plunged South Korea into chaos, but only lasted around six hours as opposition lawmakers moved quickly to overturn it in a vote. A lower court had sentenced Han in January to a heavier-than-expected jail term of 23 years for engaging in t...

By Agence France-Presse

Korean insurers' overseas profit jumps on Hanwha Life's non-insurance gains

South Korean insurers' overseas profit jumped nearly 24 percent last year, but the gains came largely from Hanwha Life's expansion into banking and securities, underscoring how non-insurance deals are reshaping the industry's overseas earnings while core operations lose momentum. The Financial Supervisory Service said Thursday that local insurers' overseas operations posted a combined net profit of $197 million in 2025, up 23.8 percent from a year earlier. The figure covers 46 overseas units in

By The Korea Herald

Iranian embassy denies armed forces struck South Korean ship in Hormuz