Korea Joongang Daily
Korea JoongAng Daily

Hana Bank allocates $75.6M in support of small businesses

Hana Bank will provide 100 billion won in financial support for small business owners struggling with high interest rates and an economic slowdown. Cashback on interest, subsidies on utility fees, and consulting services will be offered.

2023-11-03

Ex-special counsel's relatives raided over Daejang-dong suspicions

Prosecutors on Tuesday raided the homes of former special counsel Park Young-soo’s daughter and wife, widening their probe into Park’s ties to a prominent land development scandal.

2023-07-18

Court rejects arrest warrant for former special counsel accused of corruption

The Seoul Central District Court rejected an arrest warrant for former special counsel Park Young-soo Friday morning amid corruption allegations tied to a prominent land development scandal.

2023-06-30

Arrest warrant sought for former independent prosecutor over '5 billion won club'

Park Young-soo was the head of the independent prosecutors’ team that indicted former President Park Geun-hye, who was impeached in 2016. Park is accused of demanding bribes worth 20 billion won in real estate in exchange for his help.

2023-06-26

Slower than a snail's pace

While the prosecution’s investigation into the Daejang-dong development scandal is proceeding slowly, its probe of the so-called “5-billion-won club” has been even slower.

2023-06-22

First step taken for special counsel for '5-billion-won club'

The 5-billion-won club refers to six people accused of receiving at least 5 billion won in bribes from the Daejang-dong developers in return for helping get the project off the ground. .

2023-04-11

HYBE founder Bang Si-hyuk donates $3.5 million to Community Chest of Korea

HYBE founder Bang Si-hyuk donated 5 billion won ($3.5 million) to the Community Chest of Korea. Through his donation, Bang became the 13th member of the Korea Donor Advised Fund. The program is designed to help contributing donors...

2022-10-13

DSME net losses narrow in first half from a year earlier

DSME, the world's No. 4 shipbuilder by order backlog, said in a regulatory filing that its net losses for the six months ending in June narrowed to 667.9 billion won ($594.5 million) from 1.24 trillion won a year ago.

2022-08-16

Seoul apartment prices rose by 4 times over past 18 years: Analysis

The average price of an apartment in Seoul has shot up nearly fourfold over the past 18 years after more than doubling under the previous Moon Jae-in administration alone, a civic group analysis showed Tuesday.

2022-07-19

Bank lending to households increases 300 billion won in June

Household loans extended by banks in Korea grew for the third straight month in June as home-backed lending picked up due largely to loan demand for home rentals, central bank data showed Tuesday.

2022-07-12