Featured South Korea

U.S., South Korea Bust Giant Child Porn Site by Following a Bitcoin Trail

U.S. and Korean authorities say they broke up one of the world’s largest markets for child pornography, a crime that is proliferating at a furious pace with the rise of cryptocurrency and encrypted online content. The bust was revealed Wednesday as the U.S. unsealed an indictment against Jong Woo Son,… Read More

Barclays Agrees to Pay $6.3 Million in Asian Hiring Case

Barclays PLC has agreed to pay $6.3 million to settle charges from the U.S. securities regulator it violated bribery laws by hiring the children and relatives of high-ranking decision makers to win business. The case involves the London bank’s hiring practices in Asia. From at least April 2009… Read More

Justice minister’s cousin arrested in widening corruption scandal

A court issued an arrest warrant for the nephew of scandal-struck Justice Minister Cho Kuk on Monday night as part of a widening probe into corruption allegations surrounding the minister’s family. Judge Im Min-sung of the Seoul Central District Court issued the warrant, saying the suspect’s detention was needed to… Read More
2nd September 2019
AP — About 1 1/2 year after being released from jail, Samsung’s de facto chief Lee Jae-yong will face a retrial on corruption charges, a key part of the explosive 2016 scandal that prompted months of street rallies and toppled South Korea’s president. The retrial at the Seoul High Court was… Read More
17th July 2019
The Mercedes-Benz limousines seen chauffeuring around North Korean leader Kim Jong Un this year have stumped outsiders over how the sanctions-hit regime obtained the luxury rides. But researchers now believe they have unearthed the Kim regime’s smuggling secret: It takes three cargo jets, about four months and five countries. A… Read More
15th April 2019
On a recent weekend night, the dance floor at one of the hottest clubs in Seoul’s swanky Gangnam district held only a few dozen people surrounded by mostly empty tables. A few months ago, the nightclub would have been packed with hundreds of gyrating men and women, and full tables,… Read More
26th March 2019
South Korean government officials are expected to press for extending a sanctions waiver on Iran’s petroleum exports that expires in May on a visit to Washington this week. South Korea’s Deputy Foreign Minister for Economic Affairs Yoon Kang-hyun and other leaders will meet with U.S. State Department officials on Wednesday… Read More
7th March 2019
AP—Former South Korean President Lee Myung-bak was released from detention Wednesday after a court approved 1 billion won ($885,000) bail nearly a year after his arrest and during the ongoing appeal of his corruption conviction and sentence. An official from the Seoul High Court said Lee was permitted to… Read More
31st December 2018
The personal information of nearly 1,000 North Koreans who defected to South Korea has been leaked after unknown hackers got access to a resettlement agency’s database, the South Korean Unification Ministry said on Friday. The ministry said it discovered last week that the names, birth dates and addresses of 997… Read More
21st November 2018
AP — South Korea’s Kim Jong Yang was elected as Interpol’s president on Wednesday, edging out a longtime veteran of Russia’s security services who was strongly opposed by the U.S., Britain and other European nations. Kim’s election was seen as a victory for the White House and its European… Read More
21st November 2018
AP — Interpol is facing a pivotal — some say possibly fatal — moment in its history as members decide whether to hand its presidency to a man who represents Vladimir Putin’s Russia. Kremlin critics fear they could soon face arrest wherever they go. Western… Read More
8th October 2018
AP — Former South Korean President Lee Myung-bak was convicted and sentenced to 15 years in prison Friday in a corruption case that has badly tainted his status as the country’s first leader with a business background who once symbolized the country’s economic rise. Lee’s conviction… Read More
9th August 2018
Samsung’s Galaxy S7 smartphones contain a microchip security flaw, uncovered earlier this year, that has put tens of millions of devices at risk to hackers looking to spy on their users, researchers told Reuters. The Galaxy S7 and other smartphones made by Samsung Electronics Co Ltd (005930.KS) were previously thought… Read More