A Korean volunteering group was caught allegedly selling fake prizes in the name of U.S. President Barack Obama.Twenty-nine people including lawyers, businessmen and students were swindled, according to Seoul Metropolitan Police Agency Friday.The police’s international division booked the 52-year-old leader surnamed Park and six others on charges of fraud.Park told police that he planned the fraud

The capital is hoping to ride the wave of PyeongChang’s successful 2018 Winter Olympics bid to attract more foreign tourists, officials said Sunday.The Seoul Metropolitan Government plans to expand its sale of tourist packages to the U.S. and Middle East on top of the current eight Asian countries including China, Taiwan and Malaysia.The Seoul City tourism packages are made by domestic tour compan

Bribery, sex crimes and drunk driving made up the lion’s share of offenses for teachers receiving stiff disciplinary action, according to the education ministry on Sunday.The results are from a report by the Ministry of Education, Science and Technology, which studied all 2,649 heavy penalty cases between 2007 and June 30 of last year. Heavy penalties include expulsion, dismissal and suspension. A

In an effort to combat the growing globalization of the illegal narcotics trade, the Supreme Prosecutors Office announced on Sunday its plans to strengthen joint investigations and construct an information system.Prosecutors will increase its efforts to stop foreign drugs from entering the country by beefing up monitoring at airports and harbors, while also conducting joint investigations with all

LG Electronics’ Cinema 3-D TV was certified as full HD in 3-D mode by VDE, one of Europe’s largest technical and scientific international associations, the Seoul-based company said on Sunday. “This latest certification proves beyond all doubt that LG’s Cinema 3-D TVs, which already provide the most comfortable 3-D viewing experience, deliver 3-D in full HD,” said Havis Kwon, President and CEO of L

Louis Vuitton and other global luxury goods makers saw their profits soar in South Korea in the last decade but remained reluctant to make social contributions, their financial statements showed Sunday.Louis Vuitton Korea Ltd., a unit of the world’s largest luxury goods maker LVMH Moet Hennessy Louis Vuitton SA, posted higher net profit growth than any other luxury goods maker in South Korea, acco

Shipbuilding giant STX Group on Sunday said it has sold 250 billion won ($236 million) of overseas assets to secure the funds to purchase a 15 percent stake in Hynix Semiconductor against its bidding rival, SK Group. STX Europe Holding, a wholly owned subsidiary of the STX Group, sold an almost 20 percent stake of its Singapore-based STX OSV Holdings to an investment fund to help pay for the $2.3