The Curse of Investing in N.Korea
The founder and chairman of Egyptian telecom giant Orascom resigned on Sunday after the company's massive investment in North Korea went belly-up. Naguib Sawiris resigned a day after Orascom decided to shut down a branch of its affiliate bank Orabank in Pyongyang.
Presidential Scandal Threatens to Hurt Economic Growth
30-Somethings Emerge as Top Patronesses of Luxury Hotels
Tumbleweeds Blow Though N.Korea-China Border Trade Zone
Hyundai, Kia See Sales Rise with Exclusive Overseas Models
Korean Cosmetics Prop Up Dismal Exports
Park Faces Decisive Week as Impeachment Vote Looms
NATIONAL/POLITICS
Choi Soon-sil Ducks Parliamentary Inquiry
President Park Geun-hye's long-time crony Choi Soon-sil has refused to appear in a National Assembly inquiry into the massive corruption scandal she is at the center of. Choi said she is "busy" with her defense against charges brought by prosecutors of influence peddling and abuse of power, and suffers from "panic disorder."
NORTH KOREA
Kim Jong-un's Wife Resurfaces After Mysterious Absence
The wife of North Korean leader Kim Jong-un has reappeared in public after an absence of nine months. The official [North] Korean Central News Agency on Sunday said Ri Sol-ju accompanied Kim to a combat training competition by the Air Force.
BUSINESS
Chinese Shoppers Spend Huge Sums on Korean Online Stores
Chinese shoppers spent an average of W190,000 per purchase in Korean online stores, according to a poll by the Korea Consumer Agency. Some of them spent around W6 million on one purchase and they shopped a whopping 32 times a year on average.