Park Geun-Hye

The South Korean government on Tuesday formally designated June 3 as the date of the next presidential election.

Key ministers have resigned and many agencies are in crisis control mode.

Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul court.

Justice Minister Han Dong Hoon said the business leader was needed to help overcome a "national economic crisis".

Park's predecessor Lee Myung-bak, who is also imprisoned on corruption charges, however, was not pardoned.

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The Seoul High Court found Lee guilty of bribery, embezzlement and concealment of criminal proceeds worth about $7.8 million.

South Koreas Supreme Court on Thursday upheld a 20-year prison term for former President Park Geun-hye over bribery and other crimes.

A South Korean appeals court set Samsung Group heir Jay Y. Lee free after nearly a year of detention, suspending his 5-year jail term after he was convicted of bribing the country's former president.

Park is standing trial accused of bribery, abuse of power and coercion, having been forced to step down in March after parliament voted to impeach her at the end of 2016.

Lee had paid bribes in anticipation of favors from then president Park Geun-hye, according to a landmark ruling by a Seoul court, which also found him guilty of hiding assets abroad.

Lee has been in detention since February on trial for charges ranging from embezzlement to perjury, in a scandal that gripped the country for months and led to the ouster of Park Geun-hye.

Chung Hyun-back visited the House of Sharing for her first official activity, vowing to set up the museum to remember "comfort women" victims.

North Korea said on Wednesday it has issued a standing order for the execution of former South Korean President Park Geun-hye and her spy chief.

Prosecutors had demanded a seven-year jail term for Choi Soon-sil on charges of obstruction of business and links to the former president in order to force a university to give her daughter favours.

The move signals the US and China may ease their trade war, calming fears over tariff impacts on the global economy.

'We've been meeting with China' Trump says vaguely but gave no names or details.

Indonesia is prioritising its national interests in its ongoing negotiations over US tariffs, its senior economic minister says.

China does not seek war but is not afraid of it, and would fight if necessary, says Zheng Zeguang.

China supports dialogue and consultation "on equal footing" to settle trade and tariff disputes, says Finance Minister Lan Foan.

In Malaysia, a surprisingly small portion of agricultural land is dedicated to food production. Approximately 1.2 million hectares only are used for food crops, while the majority is used for oil palm (71.4%) and rubber (11.9%)

In such a scenario, it’s essential to pivot Malaysia’s food sovereignty via AgriTech.

NIAGA SPOTLIGHT features Dr Jay Desan, Co-Founder, BoomGrow and Chef Norazizi bin Taslim, Executive Chef, discussing BoomGrow - a homegrown AgriTech startup at the forefront of this transformation, via 5G-enabled, AI-powered vertical farms across Malaysia.

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Malaysia open to talks with US on trade deficit, non-tariff barriers, tech security, and possible bilateral trade deal.

Here are some highlights of recent US-Canada relations.

Trump's 25 pct steel tariffs mark his push to revive US manufacturing by taxing imports and boosting local industry.

This fast-growing region, namely ASEAN plus China will likely double in economic size over the next decade, says Dr Yao Tang.