Author: GIKorea

It is amazing that after all these year the Lone Star issue is still coming up in Korea:

An international tribunal ordered South Korea to pay the U.S. private equity firm Lone Star Funds US$216.5 million plus interest, officials said Wednesday, bringing an end to a decadelong legal battle surrounding its sell-off of a local bank.

South Korea said it cannot accept the decision and will actively consider pursuing an appeal.

The Washington, D.C.-based International Centre for Settlement of Investment Disputes (ICSID) delivered the verdict in the investor-state dispute settlement suit that Lone Star filed in 2012 to demand US$4.68 billion in compensation from South Korea’s government, according to the justice ministry.

Yonhap

You can read more at the link, but basically Lone Star made a bunch of much money in Korea and then tried to take its profits outside the country.  Their sale of the Korea Exchange Bank led to large protests which caused the government to try and stop the sale any way it can. This all happened back in 2007 and was just one of a handful of anti-U.S. issues activists were using to stoke anti-American sentiment in Korea at the time.

Travelers to South Korea no longer need to present a negative COVID test to enter South Korea, but still have to take a test 24 hours after entry:

South Korea will lift its current pre-travel COVID-19 test requirement for inbound travelers later this week, an official said Wednesday, as the government believes the recent virus wave has passed its peak and the spread of omicron could slow down.

The new rule that will take effect Saturday came after a state infectious disease advisory committee recommended the government lift the mandatory pre-travel polymerase chain reaction (PCR) tests for inbound travelers. 

“All inbound travelers, whether our nationals or foreigners, arriving aboard a plane or ship will not need to hand in a negative PCR test starting midnight of Sept. 3,” Second Vice Health Minister Lee Ki-il said in a virus response meeting. (……)

Travelers, however, still need to take a PCR test within the first 24 hours of their arrival in South Korea, a “minimum measure” put in place to prevent the inflow and spread of any variant from overseas, the vice minister said.

Yonhap

You can read more at the link.

It is pretty amazing that after all these years the police were able to make an arrest in regards to this bank heist:

On Dec. 21, 2001, an employee of a KB Kookmin Bank was fatally shot in the parking lot of one of its branches in Daejeon, and the two men involved took off with 300 million won ($223,000).    
   
More than two decades later, police have arrested the suspects.    
   
On Saturday, the Daejeon Metropolitan Police Agency said they identified the suspects using DNA samples taken from the crime scene and requested arrest warrants for two men on charges of murder and robbery. 

The Daejeon District Court issued arrest warrants on the same day for the two suspects, citing the risk of them fleeing or destroying evidence.  
   
Around 10 a.m. on the day of the crime, one of the suspects shot the 43-year-old bank manager surnamed Kim in the underground parking lot of Kookmin Bank’s Dunsan Branch in Daejeon’s Seo District. The bank robbers took off in a black vehicle with the bag of cash.   

Joong Ang Ilbo

You can read more at the link.

The findings from this poll are easy to believe because from my experience as well, many South Koreans have just become numb to the North Korean threat:

Almost thirty years, more than a hundred missile launches and six nuclear weapons tests later, Pyongyang’s state media still issues apocalyptic threats to “completely annihilate” Seoul — but South Koreans appear to tune them out, while South Korean military officials respond to every North Korean provocation with the now predictable refrain: “Our military maintains a constant state of readiness.”  
   
So are South Koreans genuinely not concerned about North Korea — and are they confident they will be protected should the unthinkable happen?  
   
   
Do South Koreans even think about North Korea?   
   
On the surface, South Koreans appear less concerned about what goes on north of the DMZ and more preoccupied with domestic issues, like those surrounding real estate policy and the economy.  
   
Despite a flurry of North Korean missile tests in the lead-up to the March presidential election, two out of three South Koreans surveyed in a Feb. 3-4 poll of 1,006 adults by the Korea Society Opinion Institute (KSOI) and the Kukmin Ilbo newspaper said the North Korean missile launches over the previous month would not influence their choice for the country’s next president.  
   
“Who has time to worry about North Korea? I think we’re all just busy trying to make ends meet,” said Lee Young-sun, a 50-year-old restaurant chef, when asked about how often she thinks about North Korea.  
   
Lee, who described herself as politically apathetic, said, “If I have to pick one issue that I thought about during the election, it would be unemployment and real estate prices.”  
   
Kim Dong-min, a 28-year-old IT worker, described a similar set of priorities. “I was worried mostly about economic policy during the lead-up to the presidential elections,” he said, adding that “things have been tough for millennials.” 

Joong Ang Ilbo

You can read more at the link.

Just from a security stand point getting the Presidential office out of North Korean artillery range would be a smart move:

Several government ministries will team up to help facilitate the construction of a second presidential office in Sejong City, an administrative area 144 kilometers south of Seoul, by 2027, according to government officials, Sunday.

Setting up a second presidential office and a legislative building in Sejong was a key campaign pledge of President Yoon Suk-yeol, a vision he believes will cement the sparsely populated city as the nation’s administrative capital. The plan gained traction after the National Assembly revised related laws in May. 

The Ministry of Land, Infrastructure and Transport, Ministry of Interior and Safety and the National Agency for Administrative City Construction said a joint team of officials will commission a study before October to determine the function, size and location of the second office. Plans to strengthen the public transportation system and infrastructure in a broader context of city planning will also follow.

Korea Times

You can read more at the link.

I would definitely like to view this documentary if it gets released on a streaming channel at some point:

“I wanted to make a film that logically refutes [the distorted historical record.]”These are the words of Lee Suk-jae, who directed the documentary film “Koko Sunyi” about victims of Japanese wartime military sexual slavery. In a recent interview, he pointed out that Japan’s distortion of history is ongoing, which is why he felt the need to make the film. 

Many movies, dramas, TV programs and books related to the so-called comfort women issue have been published so far, but among them, “Koko Sunyi” logically refutes the absurdity of some of the claims of Japan’s far right based on historical data.Much of the information shared in “Koko Sunyi” is based on the Japanese Prisoners of War Interrogation Reports No. 48 and 49 published by the US Office of War Information (OWI), which contains details about the “comfort women” at the time. 

Lee’s film is centered around the life of Grandmother Sun-yi, who was taken to a sexual slavery camp, also known as a “comfort station,” in Myanmar during the war. Lee, who works as an investigative reporter for KBS, found that, among the 20 “comfort women” in Myanmar recorded in the OWI report, a woman with the surname Koko and first name Sun-yi was actually a woman named Park Sun-yi who lived in Hamyang, South Gyeongsang Province.

Hankyoreh

You can read more at the link.