Investigators looking into an explosive corruption scandal surrounding impeached South Korean President Park Geun-hye are seeking to detain the daughter of Park’s longtime confidante who faces criminal charges for allegedly extorting companies and manipulating state affairs. A German prosecution official on Thursday told South Korean media that Germany will cooperate with South Korean investigators in their search for Yoora Chung, the daughter of Park’s jailed friend Choi Soon-sil, who is believed to be staying in Germany.
Category: South Korea
Old papers shed new light on South Korea deal with Lockheed Martin
Letters to former North Korean leader Kim Jong Il from South Korean President Park Geun -hye are shedding light on how Park navigated inter-Korea relations during her years as a lawmaker. The letters and draft documents, obtained by South Korean magazine Weekly Kyunghyang in March and October, are being considered again from a different perspective in the wake of the political scandal that has culminated in Park’s impeachment and the trial of her influential friend Choi Soon-sil.
Old papers shed new light on South Korea deal with Lockheed Martin
Letters to former North Korean leader Kim Jong Il from South Korean President Park Geun -hye are shedding light on how Park navigated inter-Korea relations during her years as a lawmaker. The letters and draft documents, obtained by South Korean magazine Weekly Kyunghyang in March and October, are being considered again from a different perspective in the wake of the political scandal that has culminated in Park’s impeachment and the trial of her influential friend Choi Soon-sil.
BRIEF-Skanska sells office building in Budapest for 67 mln euro
SEOUL, Dec 21 Daily net trading in shares on South Korea’s main stock exchange by three major categories of investors as of 0720 GMT, in billions of South Korean won : FOREIGNERS INSTITUTIONS RETAIL December 21 *78.1 -69.4 -7.7 ^December 20 60.6 -29.1 -33.5 December 19 5.0 -79.5 78.8 December 16
VW agrees new U.S. settlement, Actelion still in focus. For more see…
SEOUL, Dec 21 Daily net trading in shares on South Korea’s main stock exchange by three major categories of investors as of 0720 GMT, in billions of South Korean won : FOREIGNERS INSTITUTIONS RETAIL December 21 *78.1 -69.4 -7.7 ^December 20 60.6 -29.1 -33.5 December 19 5.0 -79.5 78.8 December 16 * Said on Tuesday had acquired a commercial property portfolio, the transition of benefits and burdens is planned for the second quarter of 2017
BRIEF-SocGen selling Splitska Banka to OTP Bank, deal to boost its capital ratios
Source text for Eikon: Further company coverage: MUMBAI, Dec 21 Tata Sons’ ousted chairman Cyrus Mistry, in his first legal salvo against the conglomerate, has appealed to a quasi-judicial body to either replace the company’s current board of directors or appoint a retired Supreme Court judge as its non-executive chairman.
BRIEF-John Laing Infrastructure buys stake in Intercity Express Programme
Source text for Eikon: Further company coverage: MUMBAI, Dec 21 Tata Sons’ ousted chairman Cyrus Mistry, in his first legal salvo against the conglomerate, has appealed to a quasi-judicial body to either replace the company’s current board of directors or appoint a retired Supreme Court judge as its non-executive chairman.
BRIEF-OTP signs deal to buy Societe Generale’s Croatian unit Splitska Banka
SEOUL, Dec 21 Daily net trading in shares on South Korea’s main stock exchange by three major categories of investors as of 0720 GMT, in billions of South Korean won : FOREIGNERS INSTITUTIONS RETAIL December 21 *78.1 -69.4 -7.7 ^December 20 60.6 -29.1 -33.5 December 19 5.0 -79.5 78.8 December 16
BRIEF-Telford Homes announces Redclyffe Road property sale
SEOUL, Dec 21 Daily net trading in shares on South Korea’s main stock exchange by three major categories of investors as of 0720 GMT, in billions of South Korean won : FOREIGNERS INSTITUTIONS RETAIL December 21 *78.1 -69.4 -7.7 ^December 20 60.6 -29.1 -33.5 December 19 5.0 -79.5 78.8 December 16
At least one China state lender provided liquidity to fund houses on Wed – sources
Dec 21 At least one Chinese state lender provided liquidity support worth over several billion yuan to fund management firms via bond repurchase agreements on Wednesday, two sources with knowledge of the matter told Reuters. The move is an indication that it was getting easier for non-financial institutions to obtain liquidity in the market.
South Korean court to hold first impeachment hearing on Thursday
South Korean President Park Geun-hye speaks during an emergency cabinet meeting at the Presidential Blue House in Seoul, South Korea, December 9, 2016. Yonhap/ via South Korea’s Constitutional Court will hold its first hearing in the impeachment case of President Park Geun-hye on Thursday with initial opinions from both sides, an official said on Tuesday.
Friend of South Korea’s Park denies charges on first day of trial
Choi Soon-sil, a long-time friend of South Korean President Park Geun-hye who is at the center of the South Korean political scandal involving Park, arrives for her first court hearing in Seoul, South Korea, December 19, 2016. Korea Pool/via Choi Soon-sil , a long-time friend of South Korean President Park Geun-hye who is at the center of the South Korean political scandal involving Park, arrives for her first court hearing in Seoul, South Korea, December 19, 2016.
Russian military plane crashes in Siberia, 23 hospitalized: agencies
The Russian Defence Ministry said on Monday that one of its planes had crashed in northeast Siberia, but that nobody had been killed in the accident, Russian news agencies reported. The Defence Ministry Ilyushin Il-18 aircraft made an emergency landing 30 kilometers from an airfield near the town of Tiksi in the Sakha Republic at 4:45 a.m. local time, the TASS news agency reported.
S. Korea begins trial of confidante of disgraced president
Choi Soon-sil, the jailed confidante of disgraced South Korean President Park Geun-hye, center, appears for the first day of her trial at the Seoul Central District Court in Seoul, South Korea, Monday, Dec. 19, 2016. less Choi Soon-sil, the jailed confidante of disgraced South Korean President Park Geun-hye, center, appears for the first day of her trial at the Seoul Central District Court in Seoul, South Korea, Monday, Dec. 19, … more Choi Soon-sil, the jailed confidante of disgraced South Korean President Park Geun-hye, center, appears for the first day of her trial at the Seoul Central District Court in Seoul, South Korea, Monday, Dec. 19, 2016.
S. Korea to begin trial of impeached president’s confidante
The jailed confida… . FILE – In this Oct. 31, 2016 file photo, Choi Soon-sil, wearing a black cap at center, a longtime friend of South Korean President Park Geun-hye, is questioned by media upon her arrival at the Seoul Central District Prosec… .
South Korea Leader’s Supporters, Opponents Clash in Seoul Rallies
Supporters of South Korean President Park Geun-hye attend a protest opposing her impeachment near the constitutional court in Seoul, South Korea, Dec. 17, 2016. Tensions were high as supporters of impeached South Korean President Park Geun-hye and opponents of Park, who had gathered in much larger numbers, rallied in Seoul on Saturday.
Venezuela’s Nicolas Maduro postpones currency move after chaos, protests
Caracas: Venezuelan President Nicolas Maduro has suspended the elimination of the country’s largest denomination bill, which had sparked cash shortages and nationwide unrest, saying the measure would be postponed until early January. The surprise pulling of the 100-bolivar note from circulation this week – before new larger bills were available – led to vast lines at banks, looting at scores of shops, anti-government protests and at least one death.
Supporters, opponents of embattled Park stage big rallies in Seoul
Supporters of South Korean President Pak Geun-hye rallied on Saturday for her reinstatement while opponents gathered to repeat their demands that the leader impeached over a corruption scandal step down immediately. A banner bearing images of South Korean President Park Geun-hye and her father, the late South Korean former military dictator Park Chung-hee, is seen as they attend a protest opposing her impeachment near the constitutional court in Seoul A woman cries while praying for the South Korean President Park Geun-hye’s impeachment to be accepted, in front of the constitutional court in Seoul, South Korea, December 17, 2016.