SEOUL, Jan. 5 (Korea Bizwire) – President Park Geun-hye’s close friend, who is at the center of an influence-peddling scandal that led to her impeachment, pleaded not guilty during her first formal hearing held Thursday. Choi Soon-sil, 60, appeared before the Seoul Central District Court as a defendant for a string of charges, including abuse [...]
SEOUL, Dec. 30 (Korea Bizwire) – South Korea’s Constitutional Court on Friday did not approve the questioning of President Park Geun-hye during the review hearings of the scandal-hit president’s impeachment. During the third and final preparatory session held at the courthouse in central Seoul, the justices rejected the parliamentary panel’s request to interrogate President Park [...]
SEOUL, Dec. 30 (Korea Bizwire) – The Ministry of Science, ICT and Future Planning announced Thursday some of the most successful ventures by startups and SMEs funded or supported by the Center for Creative Economy & Innovation. One of the companies introduced was 247 Korea, which manufactures a self-protection smartphone case that can automatically send [...]
SEOUL, Dec. 27 (Korea Bizwire) – South Korea’s independent counsel looking into a corruption case surrounding President Park Geun-hye and her confidante Choi Soon-sil said Tuesday it requested Interpol to put Choi’s daughter on the wanted list. The investigators have been searching for the whereabouts of the 20-year-old Chung Yoo-ra, who is presumed to be [...]
SEOUL, Dec. 21 (Korea Bizwire) – Special prosecutors raided the state-run pension service Wednesday to investigate whether President Park Geun-hye and her confidant influenced its dubious support for the merger of Samsung Group’s two units last year. The team led by independent counsel Park Young-soo officially began its investigation into the influence-peddling scandal involving Park [...]
SEOUL, Dec. 20 (Korea Bizwire) – The special prosecution team looking into President Park Geun-hye’s corruption scandal has put a prohibition of departure on three Korean conglomerate heads, hampering business operations planned for the year-end and the next few months to come. According to sources, Samsung vice chairman Lee Jae-yong, SK chairman Chey Tae-won and [...]
SEOUL, Dec. 20 (Korea Bizwire) – South Korea’s unification ministry said Tuesday it is checking relevant information to verify whether President Park Geun-hye’s 2005 letter sent to the former North Korean leader violated a law on inter-Korean exchanges. A local media outlet reported that in July 2005, Park, then head of the conservative party, sent [...]
SEOUL, Dec. 16 (Korea Bizwire) – The Seoul Central District Court upheld a previous ruling that imposed a fine on local pop artist Lee Byeong-ha for distributing leaflets ridiculing South Korean president Park Geun-hye. The 48-year-old artist, often known by his stage name Leeha, distributed a total of some 18,000 leaflets in Seoul and other [...]
SEOUL, Dec. 16 (Korea Bizwire) – South Korea’s major conglomerates are most worried about growing protectionism around the globe and an economic policy vacuum following the impeachment of President Park Geun-hye, a survey showed Friday. In the survey, conducted by Yonhap News Agency on 32 affiliates of the nation’s 30 conglomerates, 16 firms, or 45.7 [...]
SEOUL, Dec. 14 (Korea Bizwire) – South Korea’s National Assembly will hold the third round of hearings on Wednesday to investigate the corruption and influence-peddling scandal involving President Park Geun-hye and her longtime friend. The session is expected to focus on Park’s alleged inaction and her whereabouts at the time of a deadly ferry disaster [...]