Lee Myung-bak Archives | Be Korea-savvy
Water Quality Shows Marked Improvement After Opening of Weirs

Water Quality Shows Marked Improvement After Opening of Weirs

SEOUL, Feb. 8 (Korea Bizwire) — Four major rivers in South Korea have shown marked improvement in water quality and ecosystems after the opening of some weirs built across the rivers under a controversial project of former President Lee Myung-bak, the government said Friday. The Lee administration spent 22 trillion won (US$20 billion) from 2008-2012 [...]

Overseas Resources Projects to Undergo Heavier Scrutiny

Overseas Resources Projects to Undergo Heavier Scrutiny

SEOUL, Oct. 2 (Korea Bizwire) — Overseas resource development projects exceeding 100 billion won (US$89.96 million) will be put through rigorous pre-assessment, a step meant to avoid indiscriminate investment and financial losses, officials said Tuesday. Bills approved by the Cabinet stipulate that such high-cost projects by the Korea National Oil Corp. (KNOC), in which state [...]

Civic Groups Denounce Ex-President Lee’s Four Rivers Project

Civic Groups Denounce Ex-President Lee’s Four Rivers Project

SEOUL, Jul. 5 (Korea Bizwire) — Following the release by the Board of Audit and Inspection (BAI) of a report that claims ex-President Lee Myung-bak’s Four Rivers Project was fraught with irregularities and conducted without proper oversight, a number of civic groups have issued statements in response, denouncing the former leader and calling for his [...]

Ex-President Lee’s Corruption Trial to Begin May 3

Ex-President Lee’s Corruption Trial to Begin May 3

SEOUL, April 19 (Korea Bizwire) – The corruption trial of former President Lee Myung-bak, who has been indicted over bribery, embezzlement and other charges, will start May 3, a Seoul court said Thursday. Lee, president from 2008 to early 2013, was formally charged last Monday for committing a string of irregularities that largely center on his brother’s lucrative auto parts company, which Lee [...]

South Korea Battles Fake News

South Korea Battles Fake News

SEOUL, Apr. 10 (Korea Bizwire) — With local elections on the horizon, South Korea is making all-out efforts to root out fake news, with both the government and online platforms implementing changes and cracking down on questionable content. Speaking at the Korea Press Center last Thursday, Prime Minister Lee Nak-yeon, acknowledged the serious threat fake news [...]

Prosecution Seeks Arrest Warrant for Ex-President Lee

Prosecution Seeks Arrest Warrant for Ex-President Lee

SEOUL, March 19 (Korea Bizwire) – Prosecutors on Monday sought an arrest warrant for former President Lee Myung-bak accused of bribery and other charges. Lee, president from 2008-2013, is suspected of taking about 11 billion won (US$10.3 million) in bribes from the state intelligence agency, businesses and others. He’s also accused of embezzlement and abuse of power. If the warrant is issued, [...]

Ex-President Lee Adds Humiliating Last Chapter to His Career with Corruption Investigation

Ex-President Lee Adds Humiliating Last Chapter to His Career with Corruption Investigation

SEOUL, Mar. 14 (Korea Bizwire) — Former President Lee Myung-bak stood before a barrage of camera flashes Wednesday as he appeared at a prosecutors’ office for corruption questioning, adding a humiliating last chapter to his otherwise successful career as a business CEO, lawmaker, mayor and president. Lee first became publicly known when he served as [...]

Ex-President Lee Subpoenaed for Prosecution Questioning Next Week

Ex-President Lee Subpoenaed for Prosecution Questioning Next Week

SEOUL, March 6 (Korea Bizwire) – Former President Lee Myung-bak has been asked to appear for questioning next week over a string of suspicions of bribery and other irregularities, officials said Tuesday. The Seoul Central District Prosecutors’ Office subpoenaed Lee to come to the office for questioning as a suspect at 9:30 a.m. on March 14, officials said. “It is essential to investigate Lee in order to uncover [...]

Cheong Wa Dae Invites Former Leader Lee Myung-bak to Olympic Events

Cheong Wa Dae Invites Former Leader Lee Myung-bak to Olympic Events

SEOUL, Jan. 31 (Korea Bizwire) – The presidential office Cheong Wa Dae formally invited former President Lee Myung-bak Wednesday to PyeongChang Olympic ceremonies that will include an opening reception for visiting heads of state. The invitation was delivered in person by Han Byung-do, senior secretary for political affairs to President Moon Jae-in. Cheong Wa Dae earlier said the invitation to the opening and closing ceremonies of the Feb. 9-25 PyeongChang Winter Olympic Games was [...]