An Iranian oil tanker collided with a bulk freighter and caught fire off China’s eastern coast, leaving its entire crew of 32 missing and causing the tanker to spill oil into the sea, authorities said today.

South Korea announced pardons for three convicted high-profile corporate tycoons today, part of a traditional presidential amnesty ahead of the country’s Liberation Day.

One of South Korea’s richest people was jailed for one and a half years today for a vicious attack against bar staff who had scuffled with his son.