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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 stabbed to death in Japan

By Jung Min-ho, Kang Aa-young A Korean man was found dead on a street in Japan on Saturday, local media reported Sunday.According to Jiji Press, the man, 64, died in Habikino, Osaka Prefecture.A passerby found the man at around 10:05 p.m. and the man was taken to a nearby hospital, where he was pronounced dead.Police believe the murder was premeditated, given that his wallet and mobile phone were not stolen.After having dinner, the man brought his friend home at around 9:30 p.m. The victim parked his car and was believed to have been attacked soon after.

Feb 19, 2018
Korean stabbed to death in Japan

Task force to rummage through Lee's accounts

Samsung Chairman Lee Kun-hee has remained comatose since a heart attack. / YonhapBy Oh Young-jinFinancial authorities have set up a task force to investigate borrowed-name accounts that allegedly belong to Samsung Chairman Lee Kun-hee, who remains comatose.For the next two weeks, the Financial Supervisory Service (FSS) will investigate Samsung Mirae Asset, Shinhan and Korea Investment and Securities. The main task is to confirm whether the 27 accounts belong to Lee and to check the remaining deposits. The accounts are among 1,500 borrowed-name accounts that the government has ruled are taxable. The accounts were set up before Aug. 12, 1993, when real-name final transactions were made mandatory. Those who held accounts under others’ names were obligated to report to the authorities and convert the accounts. The task force is composed of experts in money laundering and financial transactions. Yonhap quoted an FSS official was as saying, “The securities firms in question all reported those accounts were all discarded. “We will try to repair the discarded computer recor

Feb 19, 2018
Task force to rummage through Lee's accounts

Ailing Samsung chairman faces investigation over borrowed-name bank accounts

Financial authorities on Monday launched an inspection into brokerage accounts under borrowed names used by Samsung Group's ailing chairman, Lee Kun-hee.The inspection came a week after the Ministry of Government Legislation clarified that the government can levy a fine against Lee for managing funds in so-called borrowed-name accounts.The two-week inspection targets 27 accounts at four brokerages -- Samsung Securities Co., Shinhan Investment Corp., Mirae Asset Daewoo Co. and Korea Investment & Securities Co.Lee, who has been hospitalized since suffering a heart attack in 2014, has been criticized for withdrawing money from such accounts without paying taxes or fines, even though he allegedly violated a law that bans financial transactions with borrowed-name accounts.The money is believed to have been inherited from his father, Samsung Group founder Lee Byung-chull.A 1993 law requires South Koreans to open bank or other financial accounts using their real names.Although financial authorities have inspected the accounts, questions have been raised because there are no transaction

Feb 19, 2018
Ailing Samsung chairman faces investigation over borrowed-name bank accounts

Poet Ko Un to leave Suwon

By Kim Jae-heunKo UnKorean poet Ko Un, who is often touted as having the best chance at winning a Nobel Prize in literature here, said he will move out of the residence Suwon City has provided him, after sexual harassment allegations were made against him. It has been five years since the poet moved into the house at the foot of Gwanggyo Mountain in Jangan-gu, Suwon, in 2013. Ko lived in Anseong, Gyeonggi Province for 20 years until Suwon City bought a residence and remodeled it to provide to Ko where he could concentrate on writing poems. The 85-year old poet has been mentioned as a Nobel Prize candidate every year and Suwon has been giving positive aid to him as part of its plan to make the town a city of literature. The local government has also been covering Ko’s utility billsSuwon City was planning to build the Ko Un Literary House, celebrating the 60th anniversary of his debut this year. However, all the plans have been halted now and the local government is reexamining these plans after Ko said through his foundation Sunday that he will move to a new place within the yea

Feb 18, 2018
Poet Ko Un to leave Suwon

Police put $4,600 bounty on Jeju guesthouse murder suspect

/ Courtesy of Jeju Dongbu Police StationBy Park Si-soo Police have made public photos and private details of a prime suspect in the guesthouse murder on Jeju Island.The suspect, Han Jung-min, 34, is believed to be hiding on the mainland after choking a female guest at his Gujwa-eup guesthouse to death last week and abandoning her body nearby. Han is 175-80 centimeters tall, with an athletic body. Police confirmed he was accused of raping a drunken woman in July and was supposed to stand the second round of trial on the charge on Monday. He boarded a flight for Gimpo Airport at 8:35 p.m. Saturday, just hours after police questioned him. CCTV footage showed him traveling to Anyang, Gyeonggi Province. He was last spotted at a convenience store there, according to police. Police have put 5 million won ($4,640) bounty on him. Those who see Han should report it to 112 (the nationwide police tip line) or Jeju Dongbu Police Station (064-750-1599, 010-7570-4848).

Feb 14, 2018
Police put $4,600 bounty on Jeju guesthouse murder suspect
  • Police hunt for suspect in Jeju guesthouse homicide

Lotte chairman jailed for bribery

Lotte Chairman Shin Dong-bin enters the Seoul Central District Court in southern Seoul, Tuesday. / YonhapBy Jung Min-hoA Seoul court has sentenced Lotte Chairman Shin Dong-bin to two years and six months in prison for bribery.The Seoul Central District Court found him guilty Tuesday of offering a bribe of 7 billion won ($6.5 million) to the K-Sports foundation led by former President Park Geun-hye's friend Choi Soon-sil in return for favors regarding Lotte's duty free business.Shin was immediately taken into custody following the court ruling and ordered to forfeit the same amount he offered Choi.After Shin had a private meeting with Park on March 14, 2016, the government announced that it would issue more licenses the next month to operate duty-free shops in Seoul. Within a month, Lotte announced that it would give a "donation" of 7 billion won to the foundation and all the money was sent there by May 31.

Feb 13, 2018
Lotte chairman jailed for bribery

Choi Soon-sil gets 20-year jail term, fined W18 billion

By Park Si-sooChoi Soon-sil, the scandal-ridden confidant of former President Park Geun-hye, was sentenced to 20 years in prison and fined 18 billion won for multiple corruption charges linked to a massive influence-peddling scandal that sparked nationwide anti-government protests and forced Park to leave office in early 2017.The Seoul Central District Court handed down the ruling on Tuesday, finding her guilty of 18 charges, including bribery, abuse of power and coercion. The ruling came nearly 450 days after Choi, 62, was arrested and indicted on 18 counts of corruption in November 2016.She was accused of exploiting her ties with the former president and forcing 50 big companies here to pay a combined 77.4 billion won to two nonprofit foundations she controlled. She was also accused of meddling in various state affairs and gaining access to confidential government documents even though she had no title or security clearanceThe prosecution demanded 25 years in prison for Choi, with a fine of 118.2 billion won and forfeiture of 7.7 billion won. 

Feb 13, 2018
Choi Soon-sil gets 20-year jail term, fined W18 billion

Police hunt for suspect in Jeju guesthouse homicide

Police barricades block entry to the guesthouse of a suspected murder. / YonhapBy Kang Aa-young, Park Si-sooPolice are searching for a guesthouse manager suspected of killing a female guest on Jeju Island.The manager, 34, has not been seen since Saturday.Police believe he is a prime suspect in the death of a woman whose body was found near the guesthouse in Gujwa-eup on Sunday. The woman appeared to have been strangled, police say.The suspect is believed to be on the mainland. According to police, the victim’s family filed a missing person’s report Saturday. Investigators visited the guesthouse and questioned the manager the same day, but found nothing suspicious about him. But they named him as a prime suspect after learning that he flew to the mainland six hours after being questioned.The victim’s family said she travelled to Jeju last Wednesday and checked into the guesthouse. Other guests confirmed that she attended a party there at night, but they did not know what happened afterwards.

Feb 12, 2018
Police hunt for suspect in Jeju guesthouse homicide
  • Police put $4,600 bounty on Jeju guesthouse murder suspect

Wildfire rages near Olympic venues

A helicopter flies over mountains in northern Samcheok, Gangwon Province, Monday, where fires broke out Sunday./YonhapBy Kim Se-jeong Fire authorities in Samcheok, Gangwon Province, continued their second-day campaign Monday to extinguish two separate wildfires in the city that started the day before. No injuries have been reported.Also, the authorities investigated the causes of the fires that burnt down more than 35 hectares of forest. As of 11:30 a.m. on Monday, the authorities said they had 60 percent of the fire under control. They also said PyeongChang, the host city of the 2018 Winter Olympic Games almost 60 kilometers from the fires, would remain safe.The two fire sites are 30 kilometers apart. The first fire began at 4:14 p.m. Sunday in the northeastern part of Samcheok where a residential building caught fire first before spreading to trees nearby. The fire authorities suspect some of the flames were blown to the forest. The second fire began at 9:30 p.m. Sunday in the central county and the fire authorities are yet to identify what exactly caused it. The fire threatened a

Feb 12, 2018
Wildfire rages near Olympic venues
  • Ski resort abandoned in Olympic shade

Korean-Canadian caught for botched Molotov cocktail attack on US embassy in Seoul

By Cho Se-yong, Park Si-sooA Korean-Canadian man has been arrested for a botched Molotov cocktail attack on the U.S. embassy in Seoul, police said Monday. The man, in his 30s, reportedly told police the attack was to punish the United States, which “has bullied South Korea and me.” He is known to have a mental disorder. According to Jongno Police Station, which is in charge of the embassy’s external security, the man lit a handmade Molotov cocktail just outside the barbed wire fence encircling the embassy and was about to throw the fire bomb over the fence at 7 p.m. Sunday.But he accidently dropped the Molotov cocktail into a bag filled with nine other Molotov cocktails, and set them all alight. He threw away the burning bag and fled, but was caught by police who rushed to the scene. Police said the man had made the Molotov cocktails hours before the botched attack using soju bottles he had bought at a convenience store near his home in Sadang, southern Seoul.

Feb 12, 2018
Korean-Canadian caught for botched Molotov cocktail attack on US embassy in Seoul
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