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Man Robs Convenience Store to Go to Jail

Man Robs Convenience Store to Go to Jail

CHUNGCHEONG, SOUTH KOREA, March 9 (Korea Bizwire) — A 25-year-old man named Kim who was arrested last week on robbery charges in North Chungcheong Province told police that he intentionally committed a crime to go to jail after his business failed. Kim entered a local convenience store he frequents, located in Eumseong County, around 7 p.m. last [...]

Korean Organization Calls for Long Overdue Tree Insurance

Korean Organization Calls for Long Overdue Tree Insurance

  SEOUL, March 6 (Korea Bizwire) — Calls are growing for insurance that protects tree owners in the wake of recent incidents of natural disasters. According to Forestry Cooperative in Korea and Korea Forest Service, there’s currently no agricultural disaster insurance coverage in South Korea for tree owners in case of natural disasters such as [...]

New Aviation Security Law to Lock Up Air Rage Offenders for Ten Years

New Aviation Security Law to Lock Up Air Rage Offenders for Ten Years

SEJONG, March 3 (Korea Bizwire) – A revised bill to Korea’s aviation security law was passed on Thursday, after rising concerns over an increasing number of air rage incidents on flights to and from Korea, an initiative that specifies legal punishment for those violating the law.  Punishment for air rage assaults that threaten the safety [...]

Samsung’s Newfound Virtue and Changes to Come

Samsung’s Newfound Virtue and Changes to Come

SEOUL, March 2 (Korea Bizwire) – Following allegations against Samsung Group and its role in President Park Geun-hye’s corruption scandal, and the subsequent arrest of its de facto leader Lee Jae-yong, Korea’s largest conglomerate decided to abolish its future strategy office while introducing a stringent screening procedure for any donations exceeding 1 billion won ($885,347) [...]

President Park Named as Bribery Suspect in Corruption Probe

President Park Named as Bribery Suspect in Corruption Probe

SEOUL, Feb. 28 (Korea Bizwire) – South Korea’s President Park Geun-hye was named a bribery suspect on Tuesday as special prosecutors wrapped up their three-month probe into a massive influence-peddling scandal. The probe team, led by Independent Counsel Park Young-soo, suspects that the president colluded with her longtime friend Choi Soon-sil and took bribes from [...]

Samsung Electronics Sets New Rule for Donations After Scandal

Samsung Electronics Sets New Rule for Donations After Scandal

SEOUL, Feb. 24 (Korea Bizwire) – The board of Samsung Electronics Co. approved a new clause on Friday that aims to make donations more transparent, after Vice Chairman Lee Jae-yong was arrested over his alleged role in the influence-peddling scandal that led to the impeachment of President Park Geun-hye.  Under the new rule, any plans [...]