What's Up Korea?

Welcome to my news blog. I will let you guys know the truly dynamic aspect of Korea. Please be interested and animated!

Wednesday, December 06, 2006

Today's headlines_Dec 6

- The prosecution is believed to have found evidence which suggests Lone Star aggressively lobbied financial officials to buy KEB and secured an exit strategy after getting short-term profits from the selling. The 9-month investigation result will be announced tomorrow at 10 am.

- Allegation is being raised that the apartment owned by Lee Yong-sup, Construction Minister-designate, is exempted from real estate tax even though the house price is over W600m.

- The government will join US-led ICSN (International Container Scanning Network) aimed at preventing the proliferation of WMD.

- Debate on divorcing difficulties North Korean defectors are facing in Korea will be held in the National Assembly today. A total of 200 divorce requests by North Korean defectors have been filed at South Korean courts since July 2003 but only one case have been resolved.

- Christopher Hill is reported to be appointed as next US North Korean policy coordinator.

- The Unification Ministry withdrew an investigation request on Nov 29 it had filed at the prosecution office earlier that day into a civic group for assisting North Korea on suspicion of submitting fake document in order to get government’s North Korean subsidies.

- “A huge amount of personnel, material, intelligence resources have been focused on the development of this (nuclear weapons),” and “now that by nuclear tests we got ride of a factor that had been threatening our life, we will devote all our might to economic development,” said the internal document of North Korea’s Rodong Party obtained by Donga Ilbo.

- Seoul is the most expensive city for foreigners to live in, followed by Tokyo, Yokohama, Kobe, Hong Kong, and Taipei, according to a research by ECA International.

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