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, November 28, 2007

- Kim Yong-chul was voluntarily investigated by prosecutors until midnight and again comes to prosecutor’s office this afternoon. Prosecutors are believed to raid on Samsung headquarters and affiliates soon.

- After President Roh’s acceptance of a special probe into Samsung, prosecutors hinted that they might stop the investigation when an independent probe starts. A senior prosecutor said “the bill has been passed and we are in agony whether to continue our investigation.”

- US six party chief Christopher Hill is to visit NK on Dec 3 for two days to check on the denuclearization progress.

- The Kaesung tour with daily capacity of 300 will start from Dec 5 and the price is W180,000 per person, said Hyundai Asan.

- The Ministry of Justice is set to establish in-house legal counseling department aimed for ‘inside government law firm’ to provide legal services to government offices.

- Prosecutors said yesterday it collected the money worth W8.7bn, which was found out at former Ssangyong CEO Kim Seok-won’s house during the investigation process related to Shin Jung-ah’s embezzlement case. They see the money being directly related to former President Roh Tae-woo’s slush funds.

- JYP Entertainment said yesterday it refused all requests by four political parties including GNP to use ‘Tell Me’, a mega hit song produced by singer and producer Park Jin-young, as their logo song.

- The two Koreas are said to nearly reach an agreement in the on-going second inter-Korean defense ministerial talks to allow private ships to pass the waters of Haeju.

- Past press interviews of LMB are contradicting his argument that he has never owned BBK shares. In the interview with Joongang Ilbo back in October 2000, Lee said he established BBK by himself. Lee said of the interview “I did the interview as a promotional activity…I might not understand the new business myself and there had been some communication misunderstanding.”

- As the government reiterates its position to allow a newly-established budget carrier to have international flights only after running domestic routes, Air Korea can’t start its international route service as planned for May next year. Meanwhile Jeju Air can run international flight from June next year. Air Korea can apply for the international route license in the second half of 2010.

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