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  South Korean lawmaker Kwon Seong-dong sentenced to 2 years for illegal political funds People Power Party lawmaker Kwon Seong-dong, who was arrested and indicted on charges of receiving illegal political funds from the Unification Church, was sentenced in a first trial to two years in prison. The Seoul Central District Court’s Criminal Division 27, led by Presiding Judge Woo In-sung, held a sentencing hearing at 4 p.m. on Tuesday for Kwon on charges of violating the Political Funds Act. The court also ordered forfeiture of 100 million won. Kwon was accused of taking 100 mi January 28, 2026
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  SK hynix to Return 2.1 Trillion Won to Shareholders Through Dividends SK hynix said in a regulatory filing on Tuesday that it will carry out a large-scale shareholder return program totaling 2.1 trillion won, citing financial capacity secured through record results. The company decided on an additional dividend of 1 trillion won, or 1,500 won per share. Including its existing quarterly dividend, it set the year-end dividend at 1,875 won per share. Total dividends for 2025 will be 3,000 won per share, bringing the overall payout to about 2.1 trillion won. January 28, 2026
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  Lotte Wellfood Launches Premium Ghana Winter Berry Chocolates With Kim Yuna Campaign Lotte Wellfood has unveiled an ad campaign featuring Kim Yuna for its “Premium Ghana” line as it targets the winter dessert market. Lotte Wellfood said Tuesday it released the campaign alongside the launch of three limited-edition winter products. The campaign follows a teaser video released in December after Kim was named the brand ambassador. The main campaign consists of three videos highlighting the limited-edition “Triple Berry,” “Cookie Berry” and “Langue de Chat Cheese Berry.” The January 28, 2026
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  Kim Keon Hee Gets 1 Year, 8 Months in Trial; Key Issues for Appeal A special prosecutor who sought a 15-year prison term for Kim Keon Hee ended up with a first-trial sentence of 1 year, 8 months. The Seoul Central District Court’s Criminal Division 27 found Kim not guilty of violating the Capital Markets Act (alleged conspiracy in the Deutsch Motors stock manipulation case) and the Political Funds Act, and convicted her only in part on charges of receiving money or valuables in return for influence under the Act on the Aggravated Punishment of Specific Cr January 28, 2026
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  SK hynix posts record quarterly operating profit of 19.2 trillion won in Q4 SK hynix posts 19.2 trillion won in Q4 operating profit, a quarterly record* This article has been translated by AI. January 28, 2026
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  Vietnam Streamlines Rail Approval Process to Speed Infrastructure Projects Vietnam’s Ministry of Construction has abolished and adjusted some administrative procedures in the rail sector to speed up rail infrastructure development. Vietnam’s government website reported on Jan. 22 that the ministry eliminated several rail-related procedures effective Jan. 1. The changes follow Decision No. 2,267 (2,267/QD-BXD), announced by the ministry on Dec. 10. Under the decision, the ministry’s approval process for commercialization policy for rail line-connection project January 28, 2026
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  SK hynix to cancel 12.24 trillion won in treasury shares to boost shareholder value SK hynix said in a regulatory filing on Tuesday that it has decided to cancel 12.24 trillion won ($12.24 trillion) worth of its own shares. The company will cancel 15.3 million common shares on Feb. 9. The par value is 5,000 won per share. SK hynix said the cancellation will be carried out under the proviso to Article 343(1) of the Commercial Act, using treasury shares previously acquired within the limit of distributable profits and canceled by a board resolution. It said the January 28, 2026
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  SK hynix posts record annual revenue of 97.1 trillion won and operating profit of 47.2 trillion won Breaking: SK hynix posts record annual revenue of 97.1 trillion won and operating profit of 47.2 trillion won* This article has been translated by AI. January 28, 2026
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  Ruling, opposition parties agree to pass 90 noncontroversial bills; filibuster dropped The ruling and opposition parties agreed to pass 90 noncontroversial livelihood-related bills at Wednesday’s plenary session. The People Power Party said it will withdraw its filibusters on those bills. Cheon Jun-ho, floor operations deputy chief of the Democratic Party, and Yoo Sang-bum, floor operations deputy chief of the People Power Party, said they reached the deal Tuesday during talks at the National Assembly on the plenary agenda. Cheon said that of 175 bills slated for the plena January 28, 2026
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  SK hynix Q4 revenue tops 32 trillion won, a quarterly record SK hynix Q4 revenue tops 32 trillion won, a quarterly record SK hynix said its fourth-quarter revenue topped 32 trillion won, setting a record for the company’s quarterly sales.* This article has been translated by AI. January 28, 2026