Computer networks at two major South Korean banks and 3 broadcasters crashed Wednesday, prompting speculation of a cyberattack by North Korea. But South Korean authorities say there's no conclusive evidence yet to determine who is responsible.
South Koreans are spending money with reckless abandon, taking out loans and maxing out credit cards to pay their bills. They're doing it, usually, in hopes of improving their socioeconomic status, but economists say they may be banking on an unsteady foundation.
South Korea is still not out of the woods in its fight against Middle East respiratory syndrome. Schools re-opened in South Korea today as the country tries to return to normal, nearly a month after MERS first hit South Korea.
On the eve of the G20 summit in Seoul, Simon Johnson, professor at the Sloan School of Management, Massachusetts Institute of Technology and the former chief for the International Monetary Fund, explains the issue.
North Korea followed through on its threats and conducted its third nuclear test on Tuesday, Monday night in the United States, believed to be its most powerful to date. The test was roundly criticized, even by North Korea's lone ally, China. A United Nations Security Council meeting has been called.