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The Financial Supervisory Service (FSS) is usually not the most visible part of the South Korean government. As the country’s main inspector of financial institutions, it appears in the news usually for two reasons: Either the market is in serious trouble, or the office itself is suspected of corruption
Mar. 14 brought the promise of mild catharsis for many South Koreans, as former president Lee Myung-bak finally turned up at Seoul Central District Prosecutors’ Office to face questioning about corruption allegations. Lee, who led South Korea from 2008 to 2013, was the subject of widespread corruption rumors even
Radiant smiles invite potential novices into a life of monasticism. “Joining the clergy: the most brilliant choice of my life,” reads the slogan above the good-looking young monk and nun. Welcome to Buddhist recruitment, 21st century style. Released last November by the Jogye Order of Korean Buddhism, South Korea’s
Suspected corruption in South Korea threatens to undermine what has been called the largest construction project in the history of the U.S. Department of Defense. The U.S. military is currently undertaking a massive relocation of its forces out of bases in and north of Seoul and toward
Appearing at the prosecutors’ office in Seoul on Monday morning, former National Intelligence Service Director Lee Byung-kee told reporters, “I regret having disappointed the people of this country over the question of having National Intelligence Agency funds funneled to the Blue House.” Lee, 70, is being questioned in relation to
One year after the start of a historic protest movement that ended with the ouster of a president, central Seoul is set to be filled with candle-holding citizens again this Saturday. Last year’s nationwide demonstrations were sparked by allegations of influence peddling involving then-President Park Geun-hye, her confidante
One year after a landmark anti-corruption law went into effect, big corporations are celebrating the legislation’s effects while small businesses say they’re taking a hit. The law, called the Improper Solicitation and Graft Act (but usually referred to as the Kim Young-ran law, after the former judge who
Former president Lee Myung-bak has enjoyed a comfortable retirement until now, thanks to having a fellow conservative succeed him. But now that Park Geun-hye has been replaced by Moon Jae-in, from the center-left Minjoo Party, Lee faces growing scrutiny over his term, from 2008 to 2013. A reform committee within
“Dear respected Mr. Chang Choong-ki! …. I have finally mustered the courage to send you this text message, after hesitating again and again. My son XXX applied to the XXX department of Samsung Electronics…. His application number is 1XXXXXXX, and he graduated from XXX University with a degree
Chung Yoo-ra, the former competitive equestrian and heir to the dubious fortunes of her mother Choi Soon-sil, arrived back in South Korea on Wednesday, and picked a surprising word to describe her fate. She said her situation after having been extradited from Denmark for questioning in the political scandal that
South Korea is sometimes described as a “Republic of Prosecutors.” The unusual term reflects the abnormal amount of power wielded by the country’s Prosecution Service, which monopolizes the authority both to control investigations and to prosecute. Over the years, frustration has been mounting over the disproportionate power the
President Moon Jae-in has been in office for less than two weeks, but he already has a considerable list of achievements. He made radical appointments for his secretariat and cabinet, and elevated several women to positions of prominence. He ordered the abolition of the much-hated history textbooks, championed by Park