Articles by Lim Jeong-yeo
Lim Jeong-yeo
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Former chief of Lotte's ad firm summoned over alleged slush fund
Prosecutors summoned a former chief of Daehong Communications Inc., Lotte's advertisement affiliate, on Wednesday for questioning over the alleged creation of a slush fund, as they widened their probe into the country's fifth-largest conglomerate.The Seoul Central District Prosecutors' Office said it summoned Choi Jong-won over suspicions the ad firm funneled more than 1 billion won ($880,000) into a slush fund by faking deals or exaggerating unit prices.The 58-year-old is also accused of siphon
Companies July 27, 2016
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Korea, Japan to hold finance ministers' meeting in Seoul in Aug.
The top economic policymakers of South Korea and Japan will have a meeting next month to discuss various economic and financial issues over the two neighboring countries, the finance ministry here said Wednesday."The economic authorities of South Korea and Japan have decided to hold the seventh finance ministers' meeting on Aug. 27 in Seoul," the Ministry of Strategy and Finance said in a statement."The detailed schedule and agenda will be determined later."The ministerial-level talks were held
Foreign Affairs July 27, 2016
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Man makes girlfriend drive after 2 bottles of soju
A man who allowed his drunk girlfriend to drive was arrested for abetting driving under the influence, Busan Yeonje Police said Wednesday.According to the police, the two 28-year-olds each drank two bottles of soju on July 9 before attempting to drive back home. (123RF)The man, surnamed Kim, wanted his girlfriend, surnamed Han, to drive as she was purportedly the more experienced driver.Kim had only been issued his driver’s license in April. Police arrested Han on charges of driving under the i
Social Affairs July 27, 2016
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Woman accidentally throws away W20m cash
A woman who accidentally threw away a box containing 20 million won ($17,600) retrieved the cash after 10 hours of ruckus in South Jeolla Province, according to local media Tuesday. KBS TV news reported that the woman, in her 50s, had withdrawn the money to buy threads for her cotton gloves business. She hid the cash in a nondescript paper box only to absentmindedly throw it out along with the trash on Sunday. (SBS News capture)After belatedly realizing what she had done, the woman ran back to t
Social Affairs July 27, 2016
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80 evacuate from fire at spa in Donghae
A Korean spa in the Cheongok-dong neighborhood of Donghae, Gangwon Province, caught fire at around 5:10 a.m. on Wednesday. Eighty people were evacuated from the building safely without any casualties. (YTN News YouTube capture)The fire reportedly stemmed from a kiln and was contained within 30 minutes. The police and the 119 Korean emergency service are currently investigating the exact cause of the fire and the scope of the property damage. By Lim Jeong-yeo (kaylalim@heraldcorp.com)
Social Affairs July 27, 2016
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Nexon founder tops list of stock rich among self-made entrepreneurs
The founder of leading online game maker Nexon Co. is South Korea's richest man among 50 self-made entrepreneurs ranging in age from the 30s to 50s, data showed Wednesday.Kim Jung-ju, the chairman of Nexon's holding firm NXC Corp., holds stock assets worth 2.87 trillion won ($2.5 billion), according to the data compiled by CEOSCORE, a website that tracks conglomerates, financial firms and state-run companies.Kim was summoned by prosecutors for the second time last week over his alleged involveme
Companies July 27, 2016
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Korean women 20 cm taller than century ago
The average height of Korean women is now 20 centimeters taller than 100 years ago, according to a study published by Imperial College, London, on Monday. Korean women and Iranian men showed the highest growth in average height among 200 nationalities, between 1914 and 2014, said the paper by Elio Riboli and James Bentham. (YouTube capture)A century ago, South Korean women had an average height of 1.42 m, but their average height is now 1.62 m. North Korean women’s average height was 1.49 m in 1
Technology July 26, 2016
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Man feigns rapport with rich widower to swindle money
A 51-year-old man was arrested for swindling a large sum of money from a rich widower whom he deceived with a false rapport. Daegu Jungbu Police said on Tuesday that the man, surnamed Seo, had approached the 77 year-old victim with intention to take her money. (123RF)He addressed the victim as “mother,” brought her gifts and took her to the hospital when she needed. The victim had children but her ties with them had grown weak since her husband passed away. In January 2014, Seo borrowed 100 mil
Social Affairs July 26, 2016
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‘Drone genius’ Korean boy tops Shanghai drone racing: KT
12-year-old Korean boy has won first place in a 16-nation drone racing tournament in Shanghai, KT Corporation said Tuesday. According to KT, Kim Min-chan participated in the competition as a member of KT’s drone racing team “GiGA5” and recorded a score of 55 seconds 56.(KT Corporation)Another player from GiGA5, 17-year-old Son Young-rok, took second place with 1 minute 12 seconds 10 record. The first Asia Cup Shanghai took place on July 23 and 24 with 128 players from China, Japan, Korea and 13
Technology July 26, 2016
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Memorial for No Gun Ri Massacre victims takes place
A 66th anniversary memorial for the victims of No Gun Ri Massacre took place Tuesday at the No Gun Ri Peace Park. No Gun Ri Massacre refers to the deaths of more than 150 South Korean refugees during the Korean War between July 26 and July 29 in 1950 by U.S. soldiers, who failed to discern that they were shooting at civilians. The massacre was named after the region, Nogun-ri, of Hwanggan-myeon, Yeongdong-gun, in North Chungcheong Province. (Yeongdong-gun)The Korean government in 2005 gathered
Social Affairs July 26, 2016
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Dunkin’ Donuts gives 50% off drinks
Dunkin’ Donuts shops in Korea will provide a 50 percent discount off most drinks between Tuesday and Thursday to mark “jungbok” -- the second hottest day during summer here according to the lunar calendar. (Dunkin' Donuts)Coffee is not included. Customers can download discount coupons from the HappyPoint mobile app. The discount is limited to one drink per person. Each person can make two purchases within the event period.The same promotion will run from Aug. 15 to 17 during “malbok,” the third
Industry July 26, 2016
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Top U.S., Chinese officials reaffirm goal of Korean Peninsula denuclearization: White House
U.S. National Security Adviser Susan Rice and Chinese State Councilor Yang Jiechi held talks in Beijing and agreed on the "shared goal of denuclearization of the Korean Peninsula," the White House said Monday.Rice's visit to China drew attention as it came amid heightened tensions between the two countries after an international tribunal rejected China's territorial claims to most of the South China Sea in a victory for the Philippines and other Southeast Asian nations locked in maritime dispute
Foreign Affairs July 26, 2016
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Korea to select storage site for high-level nuclear wastes by 2028
South Korea's government said Monday that it will follow the due process of narrowing down different views to build a nuclear depository for high-level radioactive waste on its soil by 2028 in order to avoid a possible conflict over the issue.The government also decided to push to develop the pyroprocessing technology to recycle nuclear reactor wastes into fuel, officials at the relevant ministries said.The decisions were made at the sixth meeting of the Atomic Energy Commission presided over by
Social Affairs July 25, 2016
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Man blames Nexon for game addiction, crashes car into head office
A man crashed his car into the head office of game firm Nexon on Sunday at around 7 a.m., claiming the company had “ruined his life.” The impact of the car shattered the glass door of the office, but there were no casualties. (Online community)Gyeonggi Bundang Police said Monday that they are reviewing an arrest warrant for the 33-year-old Chinese national surnamed Lee. Lee is in Korea on a three-month visitor permit. The car he drove belonged to his older brother, who lives here.Lee admitted to
Social Affairs July 25, 2016
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VANK to nurture overseas Korean youths as promotional envoys
A civic organization promoting South Korea mainly via the Internet said Monday that it plans to recruit hundreds of overseas Korean youths as "global Korean promotional envoys" when they come to their fatherland at the government's invitation later this week, the organ's official said Monday. "We (the Voluntary Agency Network of Korea, or VANK) plan to hold a ceremony to inaugurate global overseas Korean promotional ambassadors at the Overseas Koreans Foundation in Seoul next Tuesday," VANK chie
Foreign Affairs July 25, 2016
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