Park Geun-hye has become the first democratically elected South Korean president to be forced from office, after the country’s constitutional court upheld a parliamentary vote to impeach her over a corruption and cronyism scandal that could see her face criminal charges.South Korea now has 60 days to elect a new leader after the court’s eight justices unanimously supported the impeachment motion, passed overwhelmingly in December by the national assembly, which accused Park of extortion, bribery, abuse of power and leaking government secrets.The ruling, delivered live on television on Friday m...
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A video has emerged of the son of Kim Jong-nam, the murdered half-brother of North Korean leader Kim Jong-un.In the short and censored clip, the man says: "My name is Kim Han-sol, from North Korea, part of the Kim family."He says he is with his mother and sister, but there are no details on the date or location. It’s the Kim family’s first public comment since the murder.His father was killed in Kuala Lumpur airport on 13 February by attackers who smeared his face with VX nerve agent.Officials at South Korea’s Unification Ministry and National Intelligence Service say the man in the ...
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Samsung Group, South Korea’s largest business conglomerate, on Tuesday announced a set of plans to revamp the group’s management, including the abolition of its key future strategy office.The announcement came shortly after special prosecutors investigating a presidential influence-peddling scandal said they will indict Samsung’s de facto chief, Lee Jae-yong, on bribery, embezzlement and other charges in connection with the scandal that led to the impeachment of President Park Geun-hye.Under the plans, Samsung affiliates will independently make their own business decisions throughout their boa...
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China says it will increase military spending by about 7% this year, just days after Donald Trump outlined a boost to the US defence budget.The scheduled announcement was made ahead of the annual National People’s Congress (NPC) in Beijing.China has been modernising its armed forces recently as its economy expands.China’s announced defence budget remains smaller than that of the US. But many China observers argue the real figure could be much higher.It means that total spending will account for about 1.3% of the country’s projected GDP in 2017, the same level as in recent years, said governmen...
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2017
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In 2016, Chinese investors spent 2.4 billion Australian dollars purchasing residential land in Australia, accounting for 35 percent of all Australian real estate trade, according to Knight Frank, a global real estate consultancy company.That’s an increase of 9.4 percent on the previous year.Knight Frank’s report said the amount of real estate bought by Chinese consumers was seventeen times greater than in 2012.In 2012, the average area of trading plots was 1,200 square meters, with every plot having 103 living units. In 2016, the number had risen to 502 units with an average area of 21 thousan...
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