Monday, 13 July 2020 Shares The funeral service for Seoul mayor Park Won-soon, who took his own life after being accused of sexual harassment, was held Monday despite a petition against the city-run ceremony signed by half a million people. Former human rights lawyer Park was a heavyweight figure in the ruling Democratic party and ran South Korea's sprawling capital -- home to almost a fifth of the national population -- for nearly a decade. He was found dead on a mountain Friday, a day after his former secretary filed a police complaint against him,...
One of South Korea's most prominent elected officials, Park Won-soon, the longtime mayor of its capital, was found dead police, said on Friday, after he was reported missing by his daughter amid a criminal probe of an alleged impropriety. Freddie Joyner has more.
The mayor of Seoul, South Korea has been reported missing. According to CNN, local police have launched a massive search for 64- year-old Park Won-soon. Park was reported missing by his daughter on Thursday, at around 5 p.m. local time. Park was elected mayor of Seoul in 2011 after his predecessor stepped down. Park was re-elected in 2014 and again in 2018.
Middle-class South Koreans are being squeezed out of Seoul, where affordable housing has run dry. That's despite multiple measures by President Moon Jae-in's government aimed at tamping down property prices. Gloria Tso reports.
Equity benchmark indices closed marginally lower on Friday in line with Asian peers following a record contraction in economic data from the United States. The BSE SandP Sensex was down by 129 points or 0.34 per cent at 37,607 while the Nifty 50 slipped by 29 points or 0.26 per cent at 11,073. Sectoral indices at the National Stock Exchange were mixed with Nifty pharma gaining by 3.5 per cent and PSU bank by 1.4 per cent. But Nifty financial service, private bank and auto were in the red. Among stocks, Reliance Industries lost by 1.84 per cent to Rs 2,070 per share on profit-booking, a day after it reported over 30 per cent jump in Q1 net profit at Rs 13,248 crore. Eicher Motors slipped by 2.7 per cent, Bajaj Auto by 1.6 per cent and Hero MotoCorp by 1.2 per cent. HDFC Bank, HDFC and HDFC Life lost by 1.6 per cent, 1.3 per cent and 1.2 per cent respectively. The other prominent losers were Kotak Mahindra Bank, Wipro and Asian Paints. However, Sun Pharma moved up 5.4 per cent to close at Rs 537.80 per share while Cipla witnessed a gain of Rs 5.1 per cent. JSW Steel, State Bank of India, Axis Bank, HCL Technologies and Tata Motors too traded in the green. Meanwhile, Asian shares slid as abysmal economic data from the United States and rising global COVID-19 cases weighed on sentiment. US GDP collapsed at a 32.9 per cent annualised rate in the second quarter, the deepest decline on record, while jobless claims rose last week. Japan's Nikkei dropped by 2.82 per cent, Hong Kong's Hang Seng by 0.47 per cent and Seoul's Kospi by 0.78 per cent.
A bear was found trapped in a noose at a tree in Chhattisgarh's Korea district area on August 12. However it was later rescued by forest department. A local said, "I saw the Bear on yesterday in forest, I thought it was normally sitting on a tree, but later when I rechecked, the bear seemed stuck in a noose and then I called the forest department." "We are trying best to rescue it, however it is very scared right now"said forest official. According to the report the bear was later rescued.