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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

4 ex-labor union officials indicted for alleged espionage at N. Korea's instruction

A prosecutor gives a press briefing at the Suwon District Court, May 10. YonhapProsecutors on Wednesday indicted four former officials of South Korea's biggest umbrella union, the Korean Confederation of Trade Unions (KCTU), on charges of using labor activities as a cover for espionage at the instruction of North Korea. The Suwon District Court indicted the four former senior KCTU officials, aged 54, 52, 51 and 48, respectively, under physical detention on charges of espionage, communicating and meeting with North Korean spies and other violations of the National Security Act. The identities of all of them have been withheld.The four allegedly formed an underground organization with an aim to gain control of the labor union and spearheaded labor protests on key political and social issues all at the instruction of North Korea, according to prosecution investigations.Adopted in late 1948 amid the Cold War, the National Security Act criminalizes praising or propagating activities of "anti-state" organizations or their members, notably from North Korea. Producing or possessing "enemy-be

May 10, 2023
4 ex-labor union officials indicted for alleged espionage at N. Korea's instruction

NK hacks university hospital intranet, steals personal info of patients in 2021

Lee Seung-woon, a head of the National Police Agency's Cyber Terror Response Team, briefing on North Korea's hacking into the intranet of Seoul National University Hospital (SNUH) in 2021 at the National Police Agency, Seoul, May 10. YonhapNorth Korea hacked into the intranet of Seoul National University Hospital (SNUH) in 2021, and stole personal information of about 830,000 patients and workers, police said Wednesday.A North Korean hacking organization penetrated SNUH's intranet between May and June 2021 via seven domestic and overseas computer servers, and stole the personal data, according to findings by the National Police Agency.The origin of the internet protocol address and the method of address laundering used in the attack matched those of North Korean hacking groups used in their previous hacking attacks, officials said.Police have yet to identify the organization, but officials presumed the state-backed North Korean hacker group Kimsuky might have been behind the hacking attack. Kimsuky is widely known for its 2014 hacking of Korea Hydro Nuclear Power, a South Korean powe

May 10, 2023
NK hacks university hospital intranet, steals personal info of patients in 2021

Criminal group formation charge to be applied to rental scammers

Protesters hold up signs calling for the auctions of affected homes to be postponed as a civic group supporting victims of a series of home rental scams under the country's "jeonse' housing rental system stages a protest rally in front of a district court in Seoul, May 1. Korea Times photo by Choi Ju-yeonHome rental scammers are expected to face far heavier punishments than before, as police here have decided to apply a charge of organizing a criminal group to them for the first time.The Incheon Metropolitan Police Agency said Wednesday it plans to transfer a group of 51 "jeonse" scam suspects to the prosecution on charges of fraud and apply the criminal group formation charge to 18 of them, including the mastermind, a 61-year-old man.Jeonse refers to a unique Korean system in which renters give landlords a large returnable deposit instead of paying monthly rent. But the long-term deposit rental system has recently emerged as a big social issue, due to a large number of jeonse fraud cases nationwide, in which scammers usually bought homes without many funds through a series of jeonse

May 10, 2023
Criminal group formation charge to be applied to rental scammers

Investment firm head nabbed over suspected stock manipulation

Seoul Southern District Prosecutors' Office / YonhapA key suspect in a large-scale stock manipulation case that has recently shaken the local financial markets was detained by prosecutors Tuesday.Ra Deok-yeon, head of an unregistered investment consulting firm, was apprehended at his home at around 10:25 a.m. and taken to the Seoul Southern District Prosecutors Office, according to the prosecutors who formed a joint investigation team with the Financial Services Commission and the Financial Supervisory Service 11 days ago.Ra's firm was at the center of the recent collapse of stock prices of nine companies.The stocks of the nine listed companies had steadily risen for years before nose-diving late last month following mass sell-offs through SG Securities Korea Co., the local branch of the Societe Generale Group of France.About 1,000 investors are said to have suffered a huge loss estimated to be between 800 billion won ($606 million) and 1 trillion won.The 42-year-old Ra is suspected of having manipulated the prices of the stocks through an "order matching" technique after taking over

May 9, 2023
Investment firm head nabbed over suspected stock manipulation

Prosecutors informed of 'irregularities' in opposition lawmaker's coin trading

Democratic Party of Korea Rep. Kim Nam-kuk heads to his office at the National Assembly, May 9. YonhapThe state financial crime watchdog, the Financial Intelligence Unit (FIU), had detected suspected irregularities last year involving opposition lawmaker Kim Nam-kuk's cryptocurrency trading and handed over related data to the prosecution, officials said Tuesday. Kim of the Democratic Party of Korea recently came under intense media scrutiny after it was revealed he had owned around 800,000 Wemix coins in his digital wallet under the radar between January and February last year, worth about 6 billion won ($4.5 million) in total at that time. He reportedly withdrew all the coins from the digital wallet before the enforcement in March last year of the Travel Rule that requires virtual asset brokers or market operators to report the identities of sellers and buyers to the financial authorities for trading worth 1 million won or more. Prosecutors earlier said they had sought a search warrant last year to look into how Kim came to possess such a large amount of undisclosed cryptocurrency a

May 9, 2023
Prosecutors informed of 'irregularities' in opposition lawmaker's coin trading
  • Opposition lawmaker apologizes over cryptocurrency suspicions but claims innocence

Opposition lawmaker apologizes over cryptocurrency suspicions but claims innocence

Rep. Kim Nam-kuk of the main opposition Democratic Party of Korea walks past reporters at the National Assembly, May 9. NewsisA lawmaker of the main opposition Democratic Party of Korea (DPK) apologized Tuesday over suspicions surrounding his once-massive cryptocurrency holdings but claimed once again that no irregularities were involved in the transactions.Rep. Kim Nam-kuk has been under intense media and public scrutiny following revelations he had owned around 800,000 Wemix coins last year, worth about 6 billion won ($4.5 million) at that time, a massive amount that does not fit the frugal image of the first-term lawmaker.Suspicions have since arisen over such issues as where the money came from and whether he used insider information. Kim has sought to dispel such suspicions, disclosing some information on his transactions and claiming that no irregular means were used for his investment.Still, criticism has not died down, and some from Kim's own party also joined in criticizing him, saying that he was busy making such investments behind the scenes at a time when ordinary people

May 9, 2023
Opposition lawmaker apologizes over cryptocurrency suspicions but claims innocence
  • Prosecutors informed of 'irregularities' in opposition lawmaker's coin trading

3 men, 1 woman found dead in car in apparent group suicide

A photo of the Gyeonggi Gwangju Police Station provided by the Gyeonggi Nambu Provincial Police Agency / YonhapFour people have been found dead inside a car in an apparent group suicide in the southern outskirts of Seoul, police said Tuesday.The four ― three men in their 30s and a woman in her 20s ― were discovered by a car-rental company employee inside the car parked under an overpass in Gwangju, 32 kilometers south of Seoul, at 5:20 p.m. on Monday.Inside the car, traces suggesting suicides were found, police said, adding there were no signs of intrusion or foul play. Four wrecked mobile phones presumably belonging to the deceased were also found on the scene.The car was reportedly leased last Friday but was not returned on time, prompting the employee to track its location.The police, while suspecting the four may have met online, plan to request an autopsy and conduct digital forensics on the destroyed cellphones. (Yonhap)

May 9, 2023
3 men, 1 woman found dead in car in apparent group suicide

Investment firm head nabbed over suspected stock manipulation

Ra Deok-yeon, a key suspect in a large-scale stock manipulation case, speaks in an interview with Yonhap News TV in Seoul, May 1. YonhapA key suspect in a large-scale stock manipulation case that has recently shaken the local financial markets was detained by prosecutors Tuesday.Ra Deok-yeon, head of an unregistered investment consulting firm, was apprehended at his home at around 10:25 a.m. and taken to the Seoul Southern District Prosecutors Office, according to the prosecutors who formed a joint investigation team with the Financial Services Commission and the Financial Supervisory Service 11 days ago.Ra's firm was at the center of the recent collapse of stock prices of nine companies.The stocks of the nine listed companies had steadily risen for years before nose-diving late last month following mass sell-offs through SG Securities Korea, the local branch of the Societe Generale Group of France.About 1,000 investors are said to have suffered a huge loss estimated to be between 800 billion won ($606 million) and 1 trillion won.The 42-year-old Ra is suspected of having manipulated

May 9, 2023
Investment firm head nabbed over suspected stock manipulation

Seoul court again orders N. Korea to pay compensation to former POWs

Kim Seong-tae, right, a former South Korean prisoner of war, speaks to reporters at the Seoul Central District Court after winning a damages suit against North Korea and its leader Kim Jong-un, May 8. YonhapFormer South Korean prisoners of war (POWs) have again won a damages suit filed against North Korea and its leader Kim Jong-un for their forced labor during captivity there.The Seoul Central District Court on Monday ordered North Korea and Kim to pay 50 million won ($37,900) each to three former POWs, who escaped from the North in the early 2000s after being taken prisoner during the 1950-53 Korean War.The three, including Kim Seong-tae, 91, launched their litigation in September 2020, arguing that they were taken to the communist state during the war and forced to work in a coal mine for about 33 months in the 1950s. They escaped from the North between 2000 and 2001.The ruling came after the same court issued a similar verdict in July 2000, in which the North and leader Kim were ordered to pay 21 million won each to two former POWs.Kim Seong-tae and two other POWs filed their law

May 8, 2023
Seoul court again orders N. Korea to pay compensation to former POWs

Deadly Texas shooting spree victims include 3 Korean Americans: consulate

Police respond to a shooting in the Dallas area's Allen Premium Outlets, which authorities said has left multiple people injured in Allen, Texas, U.S. May 6. Reuters-YonhapThree members of a Korean American family were among the deceased victims of a weekend shooting spree at an outlet mall in Texas, a Korean diplomatic mission said Sunday.The couple in their 30s and their three-year-old son were shot to death in Saturday's rampage at the mall in Allen, while another child of the couple was injured and is being treated at a hospital, according to the Korean Consulate in Dallas.The shooting has left at least eight people dead and seven others injured, according to CNN.The gunman, identified as 33-year-old Mauricio Garcia, was killed by a police officer who was at the mall for an unrelated issue. The motive behind the killings remains unclear. (Yonhap)A girl runs as other shoppers leave with their hands up after police responded to a gunman who shot and killed eight people and wounded at least seven others at Allen Premium Outlets mall north of Dallas, in Allen, Texas, U.S. May 6. Reut

May 8, 2023
Deadly Texas shooting spree victims include 3 Korean Americans: consulate
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