Trump pressures for rate cut again ahead of FOMC... "Should be the lowest in the world"
U.S. President Donald Trump. [Photo = The White House] U.S. President Donald Trump once again pressured the Federal Reserve, the U.S. central bank, to lower interest rates on the 27th (local time
“Ignoring crisp ballots and damaged seals”… Tongyeong mayoral recount concludes with ‘no change in outcome,’ leaving suspicions and public outrage behind
Suspected counterfeit ballots discovered in Tongyeong [GIF from social media of Representative Hwang Kyo-ahn / Attorney Park Joo-hyun]During a recount of the Tongyeong mayoral election in South Gyeong
President Yoon, regarding the first-instance ruling on the Public Official Election Act: “An excessive political verdict that distorts the facts… We will appeal immediately.”
The first-instance sentencing hearing for President Yoon Suk Yeol regarding violations of the Public Official Election Act is being broadcast live at Seoul Station on the 27th. [Photo=Yonhap News]Pres
WSJ: "SK Hynix ADR Premium Is a Sign of AI Trading Overheat"
Advertisement for SK Hynix ADR listing in New York's Times Square [Reuters=Yonhap News file photo]The Wall Street Journal (WSJ) has pointed out that the price of SK Hynix’s American Depositary Recei
'Godfather of Japanese Mystery Novels' Keigo Higashino Passes Away After Battle with Cancer at 68
Famous Japanese mystery novelist Keigo Higashino [AFP=Yonhap News]It has been belatedly reported that Keigo Higashino, the "godfather of Japanese mystery novels" and author of bestsellers such as "The
[Park Pil-kyu Security Column] To the Ignorant Trying to Clothe a Beast in Sheep's Clothing
Rep. Kim Byung-joo of the Democratic Party of Korea [Photo=Yonhap News]“The Air Force Academy doesn't teach you how to fly a plane!” “The Army, Navy, and Air Force academies are exactly the
Kim Byung-joo, floor leader of the Democratic Party of Korea, and allegations of corruption surrounding his family are now under full-scale police investigation. [Photo=Yonhap News, Graphics=Hanmi Ilbo]
Police investigations are intensifying regarding various allegations of misconduct surrounding Kim Byung-joo, the floor leader of the Democratic Party of Korea, and his family, following a series of complaints filed by the Committee for the People's Livelihood (Kiminwi, Representative Kim Soon-hwan).
A key issue has emerged as to whether the Seoul Metropolitan Police Agency will consolidate the investigation, given that the case is currently divided among several police stations.
Specifically, the Yeongdeungpo Police Station is handling allegations related to △receiving and using hotel accommodation vouchers worth approximately 1.6 million won from Korean Air. The Dongjak Police Station is investigating △allegations that Kim's spouse, Ms. Lee, misappropriated corporate credit cards belonging to Cho Jin-hee, former vice-chairman of the Dongjak District Council, for personal use between July and August 2022 (embezzlement) △circumstances suggesting the destruction of relevant documents when the issue arose (forgery of private documents) △allegations that Kim illicitly obtained Telegram chat content and disclosed it on social media (SNS) △allegations that Kim abused his authority to exert influence during his second son's transfer process to Soongsil University.
Furthermore, the Seocho Police Station is investigating △allegations that Kim's eldest son, Mr. Kim, a National Intelligence Service employee, violated the National Intelligence Service Employees Act by delivering information regarding the Indonesian President-elect's potential corporate visit and the companies' stances to Kim's then-aide in August of last year △allegations of violations of the Improper Solicitation and Graft Act and obstruction of business, including Kim demanding donations in exchange for National Assembly Audit questions or instructing his aides to assist his son's work.
Kim Soon-hwan, the secretary-general of Kiminwi, stated, "As a matter of principle, Rep. Kim Byung-joo should apologize and cooperate faithfully with the investigation into the various allegations of power abuse and special treatment involving himself and his family, but he is neglecting this duty." He also expressed concerns about a biased investigation by the Dongjak Police Station, which is responsible for Kim's constituency (Dongjak A), and requested the Seoul Metropolitan Police Agency to conduct a direct investigation.
In response, the Seoul Metropolitan Police Agency plans to decide whether to transfer and consolidate the cases after reviewing the progress of the investigations at each police station.
Meanwhile, Kim stated that the allegations of his spouse's misuse of corporate credit cards were previously closed with a 'no charges' decision. However, the police maintain that "the scope of the investigation at that time covered only a portion of the total allegations" and that a reinvestigation is necessary based on newly presented evidence.
Regarding the continuous revelations and complaints, Kim has countered that they are "distorted claims by a former aide with whom his relationship has soured." He is scheduled to hold a press conference on the 30th to address all allegations directly.
Kiminwi Donation Account: Post Office 010108-01-014472
Account Holder: Committee for the People's Livelihood Measures
Reporter Lim Yo-hee
Lim Yo-hee More by this author