WASHINGTON/SEOUL, Dec. 11 (Korea Bizwire) – The United States has told South Korea that it is looking forward to cooperating with Seoul’s acting president in the wake of the recent parliamentary impeachment of President Park Geun-hye. The presidential office Cheong Wa Dae said Sunday that Avril Haines, White House deputy national security adviser, delivered the [...]
SEOUL, Dec. 9 (Korea Bizwire) – Park Geun-Hye’s impeachment vote on Friday was attended by the family members of the victims of the Sewol ferry disaster, in which 304 passengers perished. President Park’s whereabouts for seven hours on April 16, 2014, the day of the ferry’s sinking, still remain unaccounted for despite pleas from the [...]
SEOUL, Dec. 9 (Korea Bizwire) – Prime Minister Hwang Kyo-ahn is set to become the acting president of South Korea, after parliament passed the impeachment motion against President Park Geun-hye on Friday. The motion passed with the approval of 234 lawmakers from the 300-seat National Assembly, meeting the minimum requirement of 200. Hwang is set [...]
SEOUL, Dec. 9 (Korea Bizwire) – South Korea’s parliament on Friday passed a motion to impeach President Park Geun-hye over her alleged link to a corruption scandal involving her confidante that has paralyzed the government for the past several weeks. The motion was passed with an approval of 234 lawmakers from the 300-seat National Assembly, [...]
SEOUL, Dec. 7 (Korea Bizwire) – With a parliamentary vote to impeach President Park Geun-hye two days away, the glare of investor attention is focused on its outcome with a rejection more likely to increase stock market volatility than a passage, analysts said Wednesday. Opposition parties and some ruling party lawmakers are slated to put [...]
SEOUL, Dec. 6 (Korea Bizwire) – A group of 5,000 South Koreans on Tuesday filed a suit demanding President Park Geun-hye compensate them for the mental suffering she caused over the ongoing influence-peddling scandal. The plaintiffs together filed the suit with the Seoul Central District Court, seeking 500,000 won (US$427) each in compensation. Attorney Kwak [...]
SEOUL, Dec. 5 (Korea Bizwire) – The ongoing political crisis surrounding the embattled South Korean president is incapacitating government offices and businesses that are facing allegations of involvement in the scandal, with officials now struggling to establish economic policies and business strategies for 2017, which is only a month away. The Ministry of Strategy and [...]
SEOUL, Dec. 1 (Korea Bizwire) – An increasing number of private businesses including restaurants, stores, and hotels have begun hanging up banners calling for embattled South Korean President Park Geun-Hye to step down, with some even offering goods or services for free or at big discounts. The owner of a tuna restaurant in Gwangju put [...]
GUMI, South Korea, Dec. 1 (Korea Bizwire) – A fire broke out around 3:15 p.m. Thursday at the birthplace of late South Korean leader Park Chung-hee – the father of controversy-embroiled current President Park Geun-hye. According to officials, the fire was extinguished within 10 minutes, but it destroyed the memorial hall that displayed the late [...]
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 [...]