SEOUL, Nov. 10 (Korea Bizwire) – The cold is not going to stop angry Koreans from gathering. Thousands took to the streets across the country on Wednesday night, calling for the resignation of Korea’s troubled President Park Geun-hye over the influence-peddling scandal surrounding her confidante Choi Soon-sil. Mass rallies have sprung up in major Korean [...]
CHEONGJU, South Korea, Nov. 9 (Korea Bizwire) – “Mass depression” is the term experts are now using to describe the failing confidence, soaring rage and disappointment that Koreans feel amid the country’s somber state of affairs. “I hardly believed the Choi Soon-sil scandal when it first hit the airwaves,” said 69-year-old Park (full name undisclosed), [...]
SEOUL, Nov. 8 (Korea Biziwre) – President Park Geun-hye on Tuesday effectively jettisoned her prime minister-designate, caving in to mounting calls to withdraw the “unilateral” nomination, which aggravated a political deadlock sparked by a corruption scandal involving her confidante. During her rare visit to National Assembly Speaker Chung Sye-kyun, Park called on the legislature to [...]
SEOUL, Nov. 8 (Korea Bizwire) – Prosecutors raided Samsung Electronics Co.’s offices in Seoul on Tuesday amid allegations that it provided illicit favors to the daughter of Choi Soon-sil, President Park Geun-hye’s close friend at the center of an influence-peddling scandal. The prosecution said it raided the offices in charge of external affairs, located in [...]
SEOUL, Nov. 7 (Korea Bizwire) – South Korea’s financial authorities on Monday announced a shift to an emergency operation mode to cope with a host of challenges facing Asia’s fourth-largest economy. Yim Jong-yong, tapped as the nation’s finance minister, described the current situations as a crisis that’s like “stepping on thin ice.” Yim, chairman of [...]
SEOUL, Nov. 2 (Korea Bizwire) – Seoul Mayor Park Won-soon, a potential contender for the liberal bloc in next year’s presidential race, on Wednesday officially urged President Park Geun-hye to resign, marking a rare political remark from the head of the capital city with some 10 million citizens. “Park should immediately step down. The president [...]
SEOUL, Oct. 31 (Korea Bizwire) – Choi Soon-sil, a confidante of President Park, appeared at the state prosecutors’ office on Monday for questioning with regards to allegations of her involvement, interference, and influence over the South Korean president and in state affairs. “I am so sorry,” she told reporters before entering the prosecutors’ office. “I [...]
SEOUL, Oct. 31 (Korea Bizwire) – Choi Soon-sil, a confidante of President Park Geun-hye, was summoned for questioning over charges of abusing her personal connections for influence and interfering in state affairs, prosecutors said Sunday. A special investigation team of prosecutors summoned the South Korean woman to report to the Seoul Central District Prosecutors’ Office [...]
SEOUL, Oct. 27 (Korea Bizwire) – South Korea’s top prosecutor’s office said Thursday a special task force will look into the scandal over a controversial figure with close ties to President Park Geun-hye. Kim Soo-nam, the country’s top prosecutor, ordered Lee Young-ryeol, the chief of the Seoul Central District Prosecutors’ Office, to head the team [...]
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 [...]