SEOUL, Nov. 29 (Korea Bizwire) – President Park Geun-hye on Tuesday called on the National Assembly to determine her fate, saying she will step down in line with a timetable and procedures reached by political parties that can minimize any confusion arising from the unexpected transition of government. During Park’s third address to the nation [...]
SEOUL, Nov. 29 (Korea Bizwire) – South Korea’s opposition parties said Tuesday they tentatively agreed to put the impeachment motion against President Park Geun-hye up for a vote later this week. “We will quickly move to complete the impeachment this week,” Woo Sang-ho, the floor leader of the main opposition Democratic Party, said during a [...]
SEOUL, Nov. 29 (Korea Bizwire) – Routine year-end corporate activities have been suspended this year as CEOs await a prosecutorial investigation over a presidential scandal, delaying reshuffles for next year’s business planning and bonus payments, corporate sources said Tuesday. At Samsung, the reshuffle of executive-level officers, usually carried out on the first Tuesday of December, [...]
SEOUL, Nov. 28 (Korea Bizwire) – Last week, prosecutors began probing the $8-billion merger in 2015 between two Samsung affiliates – Samsung C&T and Cheil Industries – over the possibility that Choi Soon-sil, the center figure in Korea’s influence-peddling scandal, may have also been behind Samsung’s controversial deal. The merger faced strong challenges from individual [...]
SEJONG, Nov. 28 (Korea Bizwire) – Directors in the Ministry of Culture, Sports and Tourism have been ill at ease recently because of the chance that they might be promoted to the top position in a personnel realignment of high ranking officials that could happen as early as next month. Government officials have long been [...]
SEOUL, Nov. 28 (Korea Bizwire) – President Park Geun-hye’s on Monday refused prosecutors’ request for face-to-face questioning on her role in an influence-peddling scandal that has rocked her presidency. Her attorney Yoo Yeong-ha said the president “will not be able to cooperate” with the direct inquiry, citing her busy schedule. “The president has a difficult [...]
SEOUL, Nov. 25 (Korea Bizwire) – North Korean media outlets have been busy lately with extensive coverage of South Korea’s political crisis, railing against the South’s feeble state of affairs and its embroiled President Park Geun-hye. But their propaganda may be having a reverse effect, said Voice of America on Thursday, citing interviews with former [...]
SEOUL, Nov. 24 (Korea Bizwire) – South Korea’s main opposition Democratic Party said Thursday it will speed up drafting a legislative motion to impeach President Park Geun-hye, aiming to have it pass parliament early next month. Floor leader Rep. Woo Sang-ho also said it will put the issue of forming a national unity government led [...]
SEOUL, Nov. 24 (Korea Bizwire) – The controversy began with a tweet on Tuesday about Zara’s Korean chief, Lee Bong-jin, who allegedly made a deprecating remark in a recent lecture about the ongoing protests related to Korea’s influence-peddling scandal surrounding President Park. According to the tweet posted by one of the lecture’s participants, Lee said [...]
DAEJEON, Nov. 23 (Korea Bizwire) – It has been a month since Koreans started to take to the streets to protest the ongoing political scandal. Now, a new smartphone app will better serve over one million (organizer estimate) citizens that will once again gather in Seoul’s Gwanghwamun neighborhood this Saturday. The app is called the [...]