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January, 24, 2017

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Business > Asia > Korea
South Korean prosecutors investigating a major influence-peddling scandal involving impeached President Park Geun-hye said they would decide Monday whether to arrest the heir to the giant Samsung group over alleged bribery.
 
South Korea's central bank has trimmed its forecast for the country's growth in 2017 partly due to the fallout from a massive influence-peddling scandal.
 
Samsung heir named suspect in South Korean political scandal
South Korean authorities said Wednesday that a Samsung scion will be questioned as a suspect in a bribery case in the massive influence-peddling scandal that led to the impeachment of the country's president.
 
S. Korea lowers economic growth forecast to 2.6%
South Korea revised down its 2017 growth outlook on Thursday, citing increased uncertainties in the United States and a sagging recovery in domestic consumption.
 
Bankrupt shipper Hanjin is selling its Port of Seattle terminal operations to one of the world's largest cargo firms.
 
South Korean internet giant Naver Corp. has unveiled a US$43 million fund with Softbank to invest in content and technology startups.
 
South Korea left its key interest rate unchanged Friday, with markets unnerved by political turmoil at home and global uncertainty following the shock result of the U.S. presidential election.
 
Shares in troubled South Korean shipping giant Hanjin plunged 12 percent Monday after the company announced plans to shutter its European business, fueling fears it could be heading towards liquidation.
 
Hundreds of South Korean Galaxy Note 7 smartphone owners were preparing Monday to file a lawsuit against Samsung Electronics over the fire-prone device.
 
Changing cityscape
North Korean men and women walk past buildings under construction on "Ryomyong Street" on Monday, Oct. 17 in Pyongyang, where North Korean leader Kim Jong Un has put his soldier-builders to work on yet another major project .
 
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