South Carolina’s liquor liability insurance market is in crisis, with insurers losing an average of $1.77 for every $1.00 of premium earned since 2017, while claim frequencies significantly outpace neighboring states, according to a recent study by the state’s Department of Insurance. The comprehensive analysis, initiated following a 2019 request by the South Carolina Senate … Read more
A wave of controversies has erupted between the two rival parties in South Korea following a recommendation on Tuesday by a main opposition lawmaker suggesting that US President Donald Trump be considered a candidate for the Nobel Peace Prize. According to the party’s senior spokesperson, Jo Seoung-lae, lawmaker Park Sun-won of the main opposition Democratic … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Taiwan has asked South Korea for assistance investigating a Chinese-owned ship suspected of cutting a subsea cable off its northern coast on Friday. Taiwan telecoms operator Chunghwa Telecom and the Taiwan Coast Guard said on … Read more
Police stand guard at the residence of South Korea’s impeached President Yoon Suk Yeol in Seoul on January 3, 2025. JUNG YEON-JE / AFP South Korean investigators entered the residence of impeached President Yoon Suk Yeol and began executing a warrant for his arrest Friday, January 3, over his failed martial law bid, the first … Read more
On December 14, South Korea’s National Assembly successfully impeached President Yoon Suk-yeol on its second attempt. The impeachment has headed to the Constitutional Court, which has up to six months to review it. On Friday, Prime Minister Han Duck-soo who had assumed the role of acting president was also impeached. If Yoon’s impeachment is upheld, … Read more