[Ferry Disaster] Mogul’s home, offices raided in ferry probe

Prosecutors raided Wednesday the home of the family that owns Chonghaejin Marine Co., the operator of the sunken ferry Sewol, as well as the firm’s offices and those of its affiliates, as part of a widening probe into the cause o...

[Newsmaker] Scandalous owner family of Sewol

The Sewol sinking has opened up a long, shady scandal surrounding the ferry operator’s de facto owner, a 73-year-old mysterious businessman Yoo Byung-eon.In the 1980s, Yoo established Semo Marine Co. after securing the business r...

Korea considers up to W260m compensation for ferry victims

The government appears to be considering giving up to 260 million won ($250,000) in compensation separate from insurance payments to the families of the Sewol ferry accident. As part of efforts to support the families of the decea...

SC Korea offers tailored banking services for expats

With the number of foreign nationals in Korea hitting the 1.5 million mark as of last year, the country appears to be working on improving immigration and multicultural polices to help foreigners settle more comfortably. For many ...