President's Fugitive Crony Denies Corruption
The woman at the center of a corruption scandal engulfing President Park Geun hye has denied meddling in government or enriching herself by trading on her influence. Tracked down in Germany by the Segye Ilbo newspaper, Choi Soon-sil would only admit that she edited some of Park's speeches and seemed to make veiled threats to the press.
Did N.Korea Test a Long-Range Missile?
China Backs Down on Tourism Curbs
Special Prosecution Team to Handle Crony Scandal
Mystery Tablet PC at Heart of Presidential Scandal
Kia's Operating Profit Drops Due to Strikes
Births Drop to Record Low in August
S.Korean, U.S. Commandos Train to Infiltrate Inland N.Korea
South Korean and U.S. special forces have staged a joint infiltration exercise to strike North Korea's nuclear and missile facilities. The exercise saw military transport aircraft of the two countries focused on flying low to practice infiltrating the North.
Surging Coal Prices Bring Windfall for N.Korean Regime
Surging prices of coal are working against international efforts to sanction North Korea over its missile and nuclear programs. Coal is one of major products North Korea exports to China, accounting for over 40 percent of its total exports.
Central Bank Warns of Housing Bubble
The Bank of Korea is warning of a housing oversupply and recommended that developers cut their investments in new residential projects. Korea could end up suffering a collapsing real estate bubble like Japan's, the BOK said.