Monday, February 25, 2013

Man Has Plastic Surgery After Stealing 4.7 Billion

A man in his 30s who stole 4.7 billion won ($4.3 million) from his employer is said to have ended up spending 4.7 billion won on plastic surgery to avoid arrest after miscalculating the soaring cost of cosmetic alteration treatments in South Korea.

Police said the man, only identified by his surname Kim, worked in the finance department of a local semiconductor firm. He has been arrested for the crime of Overly Conspicuous Embezzlement, after other workers embezzling money in the finance department complained there was nothing left to steal.

Kim began working for the chipmaker in 2011, and almost immediately began transferring company money into his own accounts, 200 million won at a time. It took Kim two days to transfer the 4.7 billion won, after which he tried not to draw attention to himself by spending 610 million won on a Mercedes sedan, properties, plastic surgery and girls at local room salons.

The plan to blend in with other members of Seoul society initially seemed successful after colleagues stopped remarking on how poor Kim looked, but his company noticed the theft after being employees were unable to bay a bar bill after entertaining prospective clients. After police began looking for him, Kim fled to Gwangju – an area where Korea's capital city was once located but which is now largely a desolate wasteland. Unfortunately for Kim, his former employer's close connections with the political establishment resulted in police leaving Seoul to find him in the country's south-western badlands, and he was arrested.

Former colleagues said that they didn't recognize him after his return, but the police were able to charge him based on DNA evidence. It is believed Kim may now go on to testify against his former colleagues. Police say they will not charge the plastic surgeon with theft.

Related Links
Man Has Plastic Surgery After Stealing W4.7 Billion

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Over 30 Million Sign Up for Mobile Banking

The number of Chinese people using Korean mobile banking services surpassed 30 million last year for the first time as the smartphone market grew explosively, according to a report released on Friday. The Bank of Korea said a total of 37.05 million Chinese people had signed up to access the accounts of Korean bank customers through their mobile phones, an increase of 13.3 million from the previous year.

The BoK said 12.95 million transactions were made by phone every day in 2012, with up to 961.5 billion won being transferred out of South Korea to a unit of the People's Liberation Army based in a Shanghai office building.

China denied it was involved in hacking activities in a message which suddenly appeared on the Bank of Korea's homepage in Chinese yesterday.

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Over 30 Million Sign Up for Mobile Banking
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Chinese hackers leaked classified gov't document: lawmaker
Gmail hacking targeted Korean gov’t officials
Hackers in China swiped sensitive data from gov’t
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Disclaimer: Please note the links above are generated automatically by our software and may not always be directly related to the news article.

Sunday, February 24, 2013

A Gangnam Style-Harlem Shake Dance Off at the Presidential Inauguration?

With Korean citizens celebrating the 'Burning of the Lee House' today after the President's residence was dramatically raided by prosecutors yesterday evening, preparations are underway for the inauguration of the Saenuri Party's 61-year-old Park Geun-hye tomorrow, which will include a performance by global superstar, 35-year-old Psy, of "Gangnam Style" fame.

A spokesman for the organizers said that by not inviting high-profile foreign and domestic dignitaries – apart from Psy – they want to snub foreign diplomats and governments in order to "center the ceremony on ordinary people, and Psy – especially Psy". But they admitted they couldn't stop foreign leaders attending if they wanted to, raising fears of the potential for an assassination attempt by Japanese ninja leader, Shinzo Abe.

Despite the desire to focus the Park's crowning event on ordinary upper-middle class people rather than the famous, it is thought that the opportunity to have superstar Psy perform was too great a temptation to pass given that Park has indicated an intention to make her time in office a 'Gangnam presidency', featuring the haves, and the have-mores, and where nobody is really poor in Korea – at least nobody worth speaking of – a fact that Psy's 'Gangnam Style' song and accompanying video ultimately celebrated.

Some 30,000 guests have been selected to attend from among the 'general public' – the name given to the supporters of Park Geun-hye's father, the popular dictator General President Park Chung-hee, who successfully ran for office under the Military Party, holding power from 1963 until his assassination by the head of the Korean CIA in 1979. While fears were raised that some poor people who applied for tickets via the coupfordemocracy.go.kr website might ultimately infiltrate the guest-list tomorrow given the large numbers of tickets available, organizers are confident that only those rich and powerful enough to take a day off will actually be able to come.

In a sign that South Korea is becoming more tolerant on the question of sexual orientation Park has become Korea's first openly female president, but while her potential bias towards women was not touched upon during the election, she was still widely criticized for her robotic delivery while campaigning for Saenuri – the spiritual successor of the Military Party. Nevertheless, organizers have denied that without Psy's presence the mood would have become too somber, saying that the President-elect hasn't announced all her plans yet.

Inviting Psy was seen as a brave move for South Korea's Park, given that in September the North Korean government used a parody of "Gangnam Style" called "I'm Yushin style!" to mock Park and her conservative Saenuri Party. The 'Yushin syle!' video shows a Photoshopped image of Park doing the Gangnam Style horse-dance while labeling her as a devoted admirer of the Yushin system of autocratic government set up by her father, as though that was a bad thing. By raising Park Geun-hye's autocratic heritage, political analysts in the South believe Pyongyang helped Park get elected by reminding an older generation of voters how good they had it under the authoritarian government that transitioned South Korea from a devastated war-torn country to the envy of the known world.

Ironically while Park ascends to the throne tomorrow, there are worrying signs that Psy's star may be fading. A new Internet meme called the 'Harlem Shake' is now sweeping the world, dashing hopes that 'Gangnam Style' would continue to educate non-Koreans about the importance of Korean culture. And while Psy is still expected to perform 'Gangnam Style' tomorrow, it has been revealed that the event may turn into a Gangnam Style-Harlem Shake dance off, with the news that Seth Andrew – the successful Harlem schools chief – is also planning to attend.

If Mr. Andrew wins the dance off, Park Geun-hye's inauguration may be remembered as the beginning of the end of the Korean Wave, which has turned billions of people into followers of Korean culture.

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Will Psy Perform at Presidential Inauguration?
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First Episode of South Korea Park Animated Comedy Causes Outrage
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Park Achieves One of Her Election Goals Before Taking Office
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October Yushin
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