Korea to provide support amid job losses in shipbuilding

[Newsmaker] Ahn resigns amid party scandal

Reps. Ahn Cheol-soo and Chun Jung-bae, the two cochiefs of the opposition People’s Party, resigned from their posts Wednesday, assuming responsibility over the widening kickback scandal involving key...

Updated : 2016.06.29 17:05

[Newsmaker] Korea’s vice president of AIIB taking leave

Hong Kyttack, the Korean vice president of the Asian Infrastructure Investment Bank since February, has taken a six-month leave of absence from the Beijing-based institution amid a scandal back home s...

Updated : 2016.06.29 16:05

[Newsmaker] Ex-DSME chief taken into custody

Former Daewoo Shipbuilding and Marine Engineering CEO Nam Sang-tae was taken into custody early Tuesday amid the widening probe into a massive accounting fraud. The Seoul Supreme Prosecutors’ Office ...

Updated : 2016.06.28 16:42

[Newsmaker] Lee U-fan to take time to examine counterfeits of his paintings

Artist Lee U-fan, whose abstract paintings have become the subjects of art forgeries, took a look at the paintings the National Forensic Service identified as counterfeits for the first time Monday, b...

Updated : 2016.06.27 14:59

[Newsmaker] Anti-EU figurehead Farage vindicated by Brexit vote

Nigel Farage has devoted his career to campaigning to leave the European Union, a once-impossible seeming goal he has now achieved following a referendum campaign peppered with his signature controver...

Updated : 2016.06.26 19:52

[Newsmaker] Cameron’s luck runs out

LONDON(AFP) -- Prime Minister David Cameron may go down in history as the man who led Britain out of the European Union, with a strong chance that he will not survive the country’s political earthqua...

Updated : 2016.06.24 19:38

[Newsmaker] Syrians at airport win right to seek refugee status

 A South Korean court ruled Thursday in favor of nine Syrian asylum seekers who had been denied entry into the country to apply for the status. They stayed at an airport for the past six months await...

Updated : 2016.06.23 16:37

[Newsmaker] GM union plagued by corruption charges

General Motors Korea has been hit by another setback after the prosecution found some dubious cash flow in the automaker’s recruiting process. Investigators are looking into allegations that some exe...

Updated : 2016.06.22 16:16

[Newsmaker] [DECODED] Lotte’s ownership enigma

Cobweb, computer circuit board and maze. These are some of the words that Koreans use to describe the baffling complexity of the share ownership structure at Lotte Group, a conglomerate whose roots ar...

Updated : 2016.06.21 16:27

[Newsmaker] Lawyer elected as Rome's first female mayor

ROME (AFP) -- After 2 1/2 millennia of being ruled by men, Rome will wake up Monday under new management.Virginia Raggi was elected Sunday as the Italian capital’s first female mayor, sweeping into c...

Updated : 2016.06.20 20:48

[Newsmaker] Two more women file rape claims against Park Yoo-chun

 Sexual assault charges continue to pile up against JYJ member and actor Park Yoo-chun, 30, with two more women claiming that the idol star raped them, bringing the current total to four potential vi...

Updated : 2016.06.19 17:35

[Newsmaker] Samsung shows growing appetite for start-up M&As

[THE INVESTOR] Samsung Electronics has been actively seeking merger and acquisition deals of start-ups in the past couple of years.The list of its takeovers showed that the world’s largest electronic...

Updated : 2016.06.17 10:56

[Newsmaker] KDB’s integrity questioned amid restructuring drive

[THE INVESTOR] Korea Development Bank, the government-owned bank in the vanguard of the country’s corporate restructuring drive, is finding itself in a crisis of its own. KDB suffered a severe blow t...

Updated : 2016.06.16 16:25

[Newsmaker] Seoul Mayor struggles in quagmire

At the center of public criticism over the recent safety accident and prolonged conflicts with civic groups, Seoul Mayor Park Won-soon was recently seen taking steps to hear directly from interested p...

Updated : 2016.06.15 17:07

[Newsmaker] Lotte probe may have political implications

Prosecutors signaled a full-fledged crackdown on South Korea’s fifth-largest conglomerate and retail giant Lotte Group last week with extensive raids, in an apparent move to trace the financial malpr...

Updated : 2016.06.14 16:36
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