Articles by 조정은
조정은
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NPS chairman quizzed over Samsung C&T merger
The prosecution questioned Moon Hyung-pyo, chairman of the National Pension Service, Thursday over alleged irregularities surrounding the high-profile merger of two Samsung affiliates last year.Moon was welfare minister when the state-run pension operator backed Samsung C&T’s attempt to incorporate Cheil Industries despite strong opposition from advisory groups and some shareholders. The prosecution questioned Moon as to whether he was pressured by Cheong Wa Dae to push the NPS to exercise its v
Industry Nov. 24, 2016
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Controversy over Samsung C&T merger rekindled by Choi probe
The prosecution Wednesday raided Samsung Group and the National Pension Service over allegations that the pension fund supported the South Korean conglomerate’s merger plan last year under political influence, raising questions again over the motive of the landmark deal.The deal was widely seen as a crucial part of Samsung’s succession scenario that involved transferring power from the bedridden Chairman Lee Kun-hee to his only son, Lee Jae-yong.Individual shareholders led by US hedge fund Ellio
Industry Nov. 23, 2016
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S. Korea suspends sales of Pringles chips following discovery of dead lizard
South Korea's food safety agency on Friday imposed a temporary sales ban on Pringles potato chips imported from Malaysia after the body of a lizard was found in one of the imported products.Nongshim Co., the local importer of Pringles chips, has also been ordered to recall all other packages from the same Malaysian manufacturer, according to the Ministry of Food and Drug Safety.The recall affects 4,410 kilograms of Pringles chips produced in Malaysia on July 2, it added.(Yonhap)
Social Affairs Nov. 18, 2016
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[Herald Interview] Saving planet by transforming food market
Dealing with 7.4 billion consumers in different languages around the world and trying to change their ideas on the environment can be hard work, maybe even impossible. But Jason Clay, senior vice president of World Wide Fund for Nature, has come up with a strategy to effectively reduce the negative impact consumption has on the planet. In a major shift within the organization that had long focused on species conservation, Clay turned to the private sector for change. “Building fences around the
Industry Nov. 17, 2016
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Novartis Korea executives charged for bribing doctors
Prosecutors indicted the former chief executive of the South Korean unit of Novartis and five other former and current managers over allegations they illegally paid doctors 2.6 billion won ($2.3 million) in return for prescribing the company's drugs.In response, Swiss pharmaceutical company expressed regret through a statement, but also said without elaborating that such conduct would not have been sanctioned by the "most senior management'' at Novartis Korea."Novartis does not tolerate miscondu
Industry Aug. 13, 2016
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N. Korean FM to visit New York next month for U.N. meetings: report
North Korean Foreign Minister Ri Yong-ho plans to visit New York next month to attend U.N. meetings, a U.S.-based media report said Saturday.Ri Yong-ho plans to visit the United Nations in September, but no specific meetings have been scheduled with U.S. officials, Voice of America (VOA) said, citing multiple sources including a U.N. official.The North's top diplomat earlier made the remark that the country could conduct yet another nuclear test depending on the "U.S.' attitude." Ri made the com
North Korea Aug. 13, 2016
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S. Korea restarts Wolsong No. 1 nuclear reactor
The Wolsong No. 1 nuclear reactor resumed operations on Friday after a technical problem was fixed, South Korea's nuclear reactor operator said. The restart is expected to help ease concerns about the power supply amid a sweltering heat wave. The 679-megawatt Wolsong No. 1 reactor is set to operate at full capacity by around 7 p.m. on Sunday, according to Korea Hydro and Nuclear Power Co. (KHNP), which runs the country's nuclear reactors. Nuclear power plants account for nearly a third of South
Industry Aug. 13, 2016
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Park congratulates S. Korea's historic archery sweep in Olympics
President Park Geun-hye on Saturday congratulated South Korea's unprecedented archery gold medal sweep at the Rio de Janeiro Olympics.Ku Bon-chan claimed the gold medal in the men's individual event on Friday, giving South Korea gold medals in all four events - both the individual and team events for men and women.As dominant as South Korea has been in Olympic archery -- with the all-time leading 23 gold medals -- it has never won four gold medals at a single Olympics in the discipline."Ku overc
Politics Aug. 13, 2016
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IMF expects S. Korea's economy to expand 3 percent next year
The International Monetary Fund said Friday South Korea's economy is forecast to expand 3 percent next year."Growth is projected to tick up to 2.7 percent this year and 3.0 percent in 2017, with inflation remaining subdued," the agency said in a report on the conclusion of its annual consultation with South Korea."The anticipated pickup in activity is based on growing private consumption, a stronger housing market, and the impact of fiscal and monetary easing," it said.The agency said Korea's ec
Aug. 13, 2016
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S. Korean golfer rues poor ball-striking in up-and-down round
South Korean Olympic golfer An Byeong-hun rued poor ball-striking in his up-and-down second round at the Rio de Janeiro Games Friday.An said it was particularly disappointing because he hit the ball a lot better just the day before."I struggled with my shots on the front nine, and I didn't give myself a lot of birdie opportunities," An said. "I needed to make some putts to build some momentum, but it didn't happen."An shot one-over 72 on Friday, after opening his Olympics with a 68 at the par-71
Olympic Games Aug. 13, 2016
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S. Koreans end judo without gold medal
Two South Koreans failed to win a gold medal on the final day of judo competition at the Rio de Janeiro Olympics on Friday.In the men's +100kg, Kim Sung-min lost to Roy Meyer of the Netherlands in the round of 16, while Kim Min-jeong fell to Idalys Ortiz of Cuba in the women's +78kg quarterfinals. She later advanced to the bronze medal match through repechage,but lost to Yu Song of China.South Korea closed out its disappointing judo campaign without a gold medal, but with two silvers and one bro
Olympic Games Aug. 13, 2016
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S. Korea must avoid taking fouls in football quarters: captain
On the eve of South Korea's Olympic football quarterfinals against Honduras, captain Jang Hyun-soo said his players must avoid taking unnecessary fouls.Jang and the rest of the team got their last practice in behind the closed doors in Belo Horizonte, some 340 kilometers north of Rio de Janeiro, the host of the ongoing Summer Games.The match kicks off at 7 p.m. Saturday at Mineirao. Korea National Football Team (Yonhap)After the practice, Jang told reporters that he and his teammates must not e
Olympic Games Aug. 13, 2016
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Weightlifter Rim Jong-sim wins N. Korea's 1st gold in Rio
Weightlifter Rim Jong-sim claimed North Korea's first gold medal at the Rio de Janeiro Olympics Friday.Rim won the women's 75kg class with a total of 274kg -- with 121kg in snatch and 153kg in clean and jerk.Darya Naumava of Belarus was a distant second with 258kg total, followed by Lidia Valentin Perez of Spain with 257kg. Rim Jong Sim, of North Korea, competes in the women`s 75kg weightlifting competition at the 2016 Summer Olympics in Rio de Janeiro on Friday.(AP)In 2012, Rim won the Olympic
Olympic Games Aug. 13, 2016
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S. Korea sweeps all four archery titles in Rio
South Korea made Olympic archery history at the Rio de Janeiro Games on Friday -- which is saying something because the country seems to have been doing that for decades.Ku Bon-chan won the men's individual gold medal, beating Jean-Charles Valladont of France 7-3 (30-28, 28-26, 29-29, 28-29, 27-26).With Ku's victories, South Korea captured all four archery titles in Rio, an unprecedented feat in Olympic history. South Korea now has 23 archery gold medals, easily tops among all nations.South Kor
Olympic Games Aug. 13, 2016
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Park Tae-hwan paired with Chinese star in 400m freestyle heat
South Korean swimmer Park Tae-hwan will race alongside the defending Olympic champion in the 400m freestyle heat at the Rio de Janeiro Games on Saturday.Park has been assigned the third lane in the sixth heat, with Sun Yang of China, the 2012 gold medalist, in the fourth lane.Park is going for his third consecutive Olympic medal the 400m free. He was the champion in 2008 and won the silver behind Sun four years later.Swimming in the fifth lane will be Connor Jaeger of the United States.Sun has t
Olympic Games Aug. 5, 2016
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