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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.

Korean Air family suspected of illegally hiring Filipino housekeepers

Korean Air employees protest against the company's owner family in central Seoul, Saturday. / YonhapThe owner family of Korean Air Lines Co. is suspected of having illegally hired more than 10 Philippine housekeepers, Seoul's immigration office said Wednesday.The Seoul office of the Korea Immigration Service said they obtained statements backing such suspicions from Korean Air officials in the human resources division during an interrogation earlier in the day.The questioning focused on verifying how the housekeepers came into the country, how they were paid by the Cho family and who actually hired them, the office said.The immigration office, part of the Ministry of Justice, has been investigating allegations that the wife of Chairman Cho Yang-ho has unlawfully recruited maids from the Southeast Asian country for many years. They mostly worked for Lee Myung-hee -- Cho's wife -- and Cho Hyun-ah -- their eldest daughter and former Korean Air vice president.The authorities raided the Korean Air headquarters in western Seoul last week, and based on the confiscated evidence, suspect the

May 16, 2018
Korean Air family suspected of illegally hiring Filipino housekeepers
  • Korean Air raided over alleged foreign exchange law violation

Korean allegedly beat French girlfriend

By Kang Aa-youngA Korean man in his 20s was booked without detention Tuesday for allegedly hitting his French girlfriend. Seoul Metropolitan Police Agency said the alleged assault happened about 4 a.m. Saturday in a bar in Yeoksam-dong, Gangnam-gu, Seoul. The victim, 25, told police the man started hitting her after she said she wanted to break up with him. She said he beat her “like she's a bug.” The Frenchwoman is in Korea on a “working holiday” visa. The Korean Working Holiday (H1) visa allows foreigners to stay here for up to a year while doing short-term work.

May 16, 2018
Korean allegedly beat French girlfriend

Korean Air raided over alleged foreign exchange law violation

/ YonhapSouth Korea's customs authorities said Wednesday its officials raided the headquarters of Korean Air Lines Co. over allegations it violated foreign exchange laws in a widening probe into the chairman's family.The Korea Customs Service (KCS) said some 40 officials have been dispatched to the main office of the country's flagship carrier in western Seoul over suspicions the company violated the Foreign Exchange Transactions Act.The customs office has been looking into allegations Chairman Cho Yang-ho's family smuggled luxury goods into the country without paying due taxes.The Cho family is under a series of investigations after the chairman's youngest daughter, Cho Hyun-min, a former executive of Korean Air, has been accused of allegedly assaulting ad agency officials.The KCS' raid is the fourth of its kind conducted on the full-service carrier.Hyun-min is the younger sister of Cho Hyun-ah, who gained global notoriety for the "nut rage" incident in 2014. She forced a plane back to the boarding gate at New York's John F. Kennedy International Airport because she was upset with t

May 16, 2018
Korean Air raided over alleged foreign exchange law violation
  • Korean Air family suspected of illegally hiring Filipino housekeepers

Cost of phone phishing scams hikes 65 percent

/ YonhapFinancial losses from phishing scams in South Korea soared 64.7 percent on year in the first four months of this year, as more cases involving fake lower-rate loans have been reported, police data showed Wednesday.The losses came to 118.4 billion won ($196.8 million) incurred from 11,196 cases in the January-April period, compared with 71.9 billion won from 7,172 cases reported in the same period last year, according to the National Police Agency.The bulk of the cases were related to loan scams, in which imposters approached victims posing as officials from financial firms and offered to extend them loans at lower interest rates.They lured victims into making large deposits upfront to repay some of the existing debt in advance.Other ruses included impersonating government officials, such as those from the prosecution or financial watchdogs. They conned victims by telling them their bank accounts have been breached and that they needed to secure their savings in a different account.Police noted that large proportion of victims were men aged between 40 and 50 and women aged bet

May 16, 2018
Cost of phone phishing scams hikes 65 percent

Choi's 3-year sentence in Ehwa admissions scandal upheld

By Kim Hyun-binThe Supreme Court upheld a three-year prison sentence imposed on Choi Soon-sil, a close confidant of former President Park Geun-hye, for exerting inappropriate influence to enroll her daughter at Ewha Womans University.“She disregarded law and order, violated principal and regulations,” the court said Tuesday.Choi was found guilty of colluding with officials from Ewha Womans University to get her 22-year-old daughter Chung Yoo-ra special treatment in the school's admissions process. She and several Ewha officials including then-university President Choi Kyung-hee were indicted in 2016 on charges of obstruction of duty.Choi used her ties with the former president to demand her daughter's professors give grades for papers she never submitted and exams she never took.Last June, a lower court found Choi guilty verdict, stating there was “too much wrongdoing to consider her actions were solely out of love for her child,” and sentenced her to three years in prison.In November, a higher court upheld the prison term, citing she ignored the law and legal

May 15, 2018

International adoptions rise on negative perception

By Lee Suh-yoonWith the number of domestic adoptions hitting a record low, the number of Korean children sent abroad for international adoption is rising again.Adoptions remain taboo in Korea – a society where blood ties still take precedence over all other relationships. This is why the country still sends hundreds of children overseas for adoption every year, even though the economy faces a declining birthrate. Only 465 Korean children were adopted domestically in 2017, according to data by the Ministry of Health and Welfare on May 11 – the “Day of Adoption” in Korea.Adoptions of Korean children by overseas families, however, increased by 64, or 20 percent, last year.This is making Asia's fourth-largest economy regain an unfavorable title – a “baby exporter.” It has one of the highest rates of elderly suicide, poverty, alcohol consumption, traffic accidents and inequality and lowest birthrates among OECD member nations. About 27,500 babies were born in February, down 9.8 percent, from 32,100 a year earlier, according to data

May 15, 2018
International adoptions rise on negative perception

Lottery for ex-president's trial to be held Wednesday

By Kang Seung-wooA court plans to hold a lottery later this week for seats in the first formal hearing of the jailed former President Lee Myung-bak.According to the Seoul Central District Court, Monday, it will select those who will be allowed to attend Lee's first trial hearing, scheduled for May 23, through a ticket raffle.Lee, who served as president from 2008 to 2013, has been behind bars since March 22 on 16 charges of corruption, including receiving bribes from businesses and creating a slush fund.The court where Lee will testify accommodates 150 people. Other than designated seats for involved parties and reporters, the remainder will be up for grabs for the public. On-site registration will be held Wednesday at the Seoul Bankruptcy Court from 10 a.m. to 11 a.m., and those interested in attending the hearing must bring their ID cards or driver's licenses. Lottery winners will be informed by text message and their names will also be posted on the court's website.Admission tickets to the trial will be distributed 30 minutes ahead of the hearing at the court entrance -- althoug

May 14, 2018
Lottery for ex-president's trial to be held Wednesday

Top cryptocurrency exchange Upbit raided

Lee Seok-woo leads Dunamu, the operator of Upbit. / Courtesy of Journalist Association of KoreaBy Oh Young-jin Prosecutors raided the office of Upbit, Korea's largest cryptocurrency exchange, Friday afternoon. They suspect that the exchange has manipulated its electronic trading system to deceive investors into believing it has more cryptocurrency than it has.They confiscated electronic files and ledgers, among other things.Upbit is operated by Dunamu, of which former Kakao president Lee Seok-woo is president. The company has just launched the Upbit Cryptocurrency Index.Prosecutors were reportedly looking into whether Lee was involved.The probe into the cryptocurrency exchanges began in March ― two officials have been arrested on charges of swindling and breach of trust ― for allegedly siphoning customers' money into company executives' accounts.The news sent down the prices of the cryptocurrencies.

May 11, 2018
Top cryptocurrency exchange Upbit raided

22 cases of irregularity confirmed in Shinhan hiring

By Yoon Ja-youngThe financial regulator confirmed some hiring irregularities at Shinhan Financial Group, including special favor given to children of its executives in recruitment. Its former top executives as well as ranking officials and influential politicians also lobbied it to hire candidates who had a connection with them. The Financial Supervisory Service (FSS) said Friday that it found a total of 22 irregularities in Shinhan's recruitment process following a month-long probe. It had been probing Shinhan Bank as well as its credit card, capital and life insurance businesses regarding recruitment. Shinhan Bank was involved in 12 irregularities, while the regulator found four problematic cases in the credit card business and six in the life insurance arm. The probe follows allegations of hiring irregularities at a number of banks including KEB Hana, Woori and Kookmin, which triggered much anger among young jobseekers and their families amid a record-high youth unemployment. While banks have become one of the most preferred workplaces among young jobseekers thanks to high salarie

May 11, 2018
22 cases of irregularity confirmed in Shinhan hiring

KAI's deal with Trump's lawyer raises eyebrow

Korea Aerospace Industries (KAI) is facing a risk to its reputation due to its deal with U.S. President Donald Trump's personal lawyer. / Korea Times fileBy Yoon Ja-youngKorea Aerospace Industries (KAI), which has been recovering from a corruption scandal involving its former CEO, is facing another risk due to its deal with the U.S. President Donald Trump's longtime personal lawyer. Analysts say it could negatively affect KAI's reputation. The country's aircraft manufacturer said it paid $150,000 to Essential Consultants, a shell company established by Michael Cohen.KAI explained it paid the money for his advice on “Cost Accounting Standards,” a bookkeeping rule that it must adopt to make bids in the United States. “We legally got advice regarding the Cost Accounting Standards through contracts with Essential Consultants,” a KAI spokesman said.“The payment was based on a legal service contract between the two parties. We are doing our best to abide by the accounting rules that meet global standards,” he added. However, U.S. media is raising suspici

May 11, 2018
KAI's deal with Trump's lawyer raises eyebrow
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