Audit planned for Jeongsu Foundation
The Jeongsu Scholarship Foundation, which some suspect is controlled by Rep. Park Geun-hye of the ruling Saenuri Party, will undergo an audit by the Seoul Metropolitan Office of Education (SMOE) later this month. Although officials say that the audit is scheduled, coming after the last one in 2005, attention is focused on what the results […]
New UPP leader to restore opposition alliance
The newly-elected leader of the left-wing minor opposition Unified Progressive Party (UPP) pledged Sunday to mend ties with the main opposition Democratic United Party (DUP) in an attempt to field a unified presidential candidate. “Our party will select its own presidential candidate by September and rebuild its temporarily loosened alliance with the main opposition Democratic […]
Foreign Ministry engulfed in sexual harassment case
The Foreign Affairs and Trade Ministry has suspended Consul General Lee Dae-hee in Auckland, New Zealand from his post for alleged ethical lapses and sexual harassment, a ministry official said Sunday. Lee was summoned home on June 15 in connection with allegations of engaging in a scuffle with a fellow Korean official and harassing female […]
Three foreign law firms to open Korean branches
Three foreign law firms will be allowed to set up branches in Korea, the Ministry of Justice said Sunday. They are Ropes & Gray and Sheppard Mullin from the United States, and Clifford Chance from Britain. It is the first time that the Korean government is to permit the establishment of foreign legal consultants. “Those […]
Mysterious woman again seen flanking NK leader
A chicly-dressed woman was seen closely flanking North Korean leader Kim Jong-un during his visit to a Pyongyang kindergarten in state TV footage shown Sunday, reinforcing speculation she may be the wife of the young leader. The unidentified woman appears to be the same person who caught the attention of the outside world on July […]
Smartphones reshape retail landscape
The growing use of smartphones has entirely changed lifestyles in the 21st century, expanding to online shopping and changing the landscape of the retail industry. According to data from the Korea Online Shopping Association (KOLSA), monetary transactions via mobile online shopping totaled 3 billion won in 2009 when there were only 750,000 smartphones users at […]
2,000 Samsung workers apply to eat with Lee
More than 2,000 Samsung employees have bid for a private lunch with Samsung Electronics Chairman Lee Kun-hee, who will only see 10 of them sometime in September, Samsung Group said. The winners will be selected in consideration of age, sex, type of duty and office ranks, according to company officials. Samsung gathered applications from its […]
Some big firms to face cash flow problems
Several big firms are tightening their cash flow as a result of the eurozone crisis, coupled with the lack of a strong recovery in the U.S. market and a lackluster performance by the Chinese economy. Adding to the strain are weak domestic demand and a property market slump, online stock information provider FN Guide said […]
Gov’t to intervene in Macquarie deals
Australian firm loses in legal dispute with Gwangju The Ministry of Strategy and Finance indicated Thursday that it will help resolve disputes between Macquarie and municipal governments over the firm’s business practices in Korea. “Local governments deserve support from the central government in addressing unfair contracts they signed with Macquarie,” a ministry official said. “We […]
5 overseas military units to get expanded tours
Seoul will seek to extend the missions of five overseas-based units including troops in Afghanistan and an anti-piracy one patrolling waters off Somalia, the Ministry of National Defense said Thursday. The request for the extensions, which also includes forces in the United Arab Emirates (UAE), Lebanon and Haiti, will be submitted to parliament later this […]
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