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The chairman was sentenced to three years imprisonment for tax evasion. (Photo by Lennart Preiss/Getty Images)

Jan 16, 2016 PM EST - Diana Tomale

Hyosung Chairman Senteced To Three-Year Imprisonment Over Alleged Tax Evasion And Accounting Fraud

The Seoul Central District Court sentenced Hyosung Chairman Cho Seok Rae to a three-year imprisonment and fined him $110 million on charges of tax evasion and accounting fraud.

Chey Tae Won during his arrest in 2003. (Photo by Chung Sung Jun/Getty Images)

Jan 15, 2016 PM EST - Diana Tomale

SK Chief Resumes 'Field Management' After Extramarital Scandal

SK Group Chairman Chey Tae Won has reportedly continued his "field management" after admitting extramarital affair with a woman, surnamed Kim.

South Korea is looking at the possibility of having a

Jan 15, 2016 PM EST - Jean Marie Abellana

South Korea Is Pushing To Become A Coinless Society

The Bank of Korea would be considering ways to transform Korea into a "coinless society."

South Korea’s largest conglomerates questioned in a parliamentary investigation regarding President Park's scandal.

Jan 15, 2016 PM EST - Diana Tomale

Park Geun Hye To Review Deployment Of THAAD In South Korea

South Korean President Park Geun Hye said her administration is reviewing the possibility of deploying THAAD in the country.

Pyeongchang gears up for 2018 Winter Games. (Photo by Chung Sung Jun/Getty Images)

Jan 14, 2016 PM EST - Diana Tomale

Alpine Skiing Venue Ready For Olympic Test Event

Organizing committee of 2018 Winter Games said venue for Alpine Skiing is al set for test event.

The Seoul district court rule against an author who made false claims degraded the morality of comfort women. (Photo by Chung Sung Jun/Getty Images)

Jan 18, 2016 AM EST - Ma Elena Garcia

'Comfort Women Of The Empire' Author Park Yu Ha Ordered To Pay $74,000 As Compensation For Lawsuit Filed By War Crime Victims

The Seoul Eastern District Court ordered Park Yu Ha, a university professor, to pay $74,000 in compensation to those referred to as comfort women in a book titled "Comfort Women of the Empire."

'Virtually Jobless' Koreans (Photo by Chung Sung Jun/Getty Images)

Jan 15, 2016 AM EST - Ma Elena Garcia

Unemployment Rates In South Korea Increases For The Third Straight Year, Up 9.2 Percent In 2015

New Statistics from South Korea’s Statistics Agency indicate that South Korea’s youth unemployment rate marked 9.2 percent in 2015.

South Korea Retaliates Thru Broadcast Campaign Against North Korea’s Recent Nuclear Testing (Photo by Pool/Getty Images)

Jan 14, 2016 PM EST - Jean Marie Abellana

South Korea Retaliates Through Broadcast Campaign Against North Korea’s Recent Hydrogen Bomb Testing

South Korea restarted its anti-North broadcasts in response to North Korea's fourth nuclear test.

South Korea resumed propaganda broadcasts last week after North Korea's hydrogen bomb claim. (Photo by Pool/Getty Images)

Jan 14, 2016 PM EST - Diana Tomale

North Korea Starts Propaganda Broadcasts To Retaliate Against South Korea

North Korea has started their own propaganda broadcasts after South Korea resumed their own propaganda broadcasts through loudspeakers.

Japanese Prime Minister Shinzo Abe refused to gave a personally apology to South Korea's comfort women. (Photo by Chris McGrath/Getty Images)

Jan 14, 2016 PM EST - Jean Marie Abellana

Japanese Prime Minister Abe Refuses To Release Personal Apology To Comfort Women, Rebuffs Japanese Official’s Request

Japanese Prime Minister Shinzo Abe refused to give a personal apology in relation to the comfort women issue that has plagued the relationship between South Korea and Japan for a significant period.

Japan, South Korea, United States set to meet on Saturday to discuss possible sanctions that should be imposed on Iran (Photo by Pool/Getty Images)

Jan 14, 2016 PM EST - Jean Marie Abellana

Japan, South Korea, United States To Hold In-Depth Policy Discussions Over North Korea’s Nuclear Program

The vice ministers of the United States, Japan, and South Korea have planned to meet on Saturday to discuss the “stifling sanctions” that North Korea should face for its fourth nuclear testing.

South Korea's outgoing Finance Minister Choi Kyung Hwan. (Photo by Jung Yeon Je/Getty Images)

Jan 14, 2016 PM EST - M.R. Aguilar

South Korea's Economy Might Be Headed For A' Consumption Cliff', National Statistical Office Suggests

Outgoing Finance Minister Choi Kyung Hwan defends his method of the Korean economy in a meeting held last week.

Korean babies born last year are expected to live an average of 82.1 years.

Jan 14, 2016 PM EST - Ma Elena Garcia

'Death with Dignity’ Bill Awaits Parliamentary Approval, Patients Can Refuse Life-Sustaining Treatment

The "Death with Dignity" bill that is reportedly supposed to allow patients with no hope of recovery end their lives by refusing to undergo life-sustaining treatment is still awaiting parliamentary approval.

Bereaved family members of the Sewol ferry victims pray for their children in a classroom after the graduation ceremony. (Photo by The Asahi Shimbun/Getty Images)

Jan 14, 2016 PM EST - Ma Elena Garcia

Sewol Survivors From Danwon High School Hold A Solemn and Tearful Graduation Ceremony

Danwon High School's graduation ceremony was held in memory of the victims of the Sewol Ferry accident.

North Korea reportedly conducted a submarine-launched missile ballistics test (Photo by Chung Sung Jun/Getty Images)

Jan 13, 2016 PM EST - Ma Elena Garcia

North Korea Allegedly Releases Footage of its Latest Successful Submarine-Launched Ballistic Missile

North Korea reportedly a footage of its latest submarine-launched ballistic missile (SLBM) test, experts confirmed.

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