SEOUL, Aug. 22 (Korea Bizwire) – The former head of Lone Star Korea Steven Lee has been arrested in Italy after twelve years on the run. The 48-year old American citizen was apprehended by police earlier this month, according to the Ministry of Justice. His wanted status stems from questions over his role at the [...]
SEOUL, Aug. 11 (Korea Bizwire) — The woman considered the world’s foremost expert on chimpanzees was in the National Assembly Meeting Hall Buildingyesterday to share her wide-ranging views on politics, global warming and pollution.1 At an event titled “Eco Talks”, Goodall sat down for a Q&A session with Ewha Women’s University professor Choi Jae Cheon before [...]
SEOUL, Aug. 9 (Korea Bizwire) — One would think that the looming possibility of a double digit prison sentence would have the plaintiff arguing for one’s innocence. Instead, in what may well be the darkest hour of his life, Lee Jae Yong is pouring his heart out trying to convince people that he’s not a bad [...]
SEOUL, June 27 (Korea Bizwire) – The South Korean government is introducing new legislation in its fight against corruption, including regulations that will require pharmaceutical companies to divulge payments made to doctors and pharmacists starting next year. Under the new health care reform, pharmaceutical companies that offer financial compensation to medical staff are required to keep [...]
SEOUL, March 30 (Korea Bizwire) – A Seoul court held a hearing Thursday to decide whether to issue an arrest warrant for former President Park Geun-hye over a string of corruption allegations that removed her from office. The former president appeared at the Seoul Central District Court at around 10:20 a.m. to attend the review [...]
SEOUL, Jan. 23 (Korea Bizwire) – This, perhaps, best explains the South Korean corruption scandal. A recent study by the Center for Free Enterprise revealed that Korea’s “rent-seeking index” ranks 30th amongst 35 OECD member countries, indicating that the practice of disobeying the law in pursuit of special privileges is rampant in South Korean society. [...]
SEOUL, Dec. 30 (Korea Bizwire) – James Kim, president and CEO of GM Korea Co., apparently sought to eradicate what is believed to be widespread corruption among many employees and labor union leaders selling job openings, urging them to come clean without facing any consequences, company officials said Friday. In a recent e-mail addressed to [...]
SEOUL, Nov. 10 (Korea Bizwire) – Winter is rapidly approaching, but donations of yeontan, coal briquettes that are used in low-income households for cooking and heating, are not as abundant as they were last year. Officials point to a combination of factors for the change, including the introduction of the new anti-corruption law, President Park’s [...]
SEOUL, Oct. 25 (Korea Bizwire) – President Park Geun-hye on Tuesday apologized to the nation over a leak of dozens of presidential speeches to an acqaintance who has been at the center of an escalating corruption scandal that has roiled politics over the past month. “Regardless of the reasons involved, I am sorry that (the [...]
SEOUL, Oct. 4 (Korea Bizwire) – It has been a week since a controversial anti-graft law took effect in Korea, quickly reshaping Korea’s gifting and dining culture. But the law is also breeding paparazzi, individuals who secretly monitor and hunt for activities that violate the law’s provisions. These paparazzi are called “Ran-Parazzi”, after the legislation [...]