The 2016 Nobel Prize for physiology or medicine goes to Yoshinori Ohsumi for discoveries about autophagy – how the body breaks down and recycles cellular components.

Ohsumi’s work is important because it helps explain what goes wrong in a range of diseases, from cancer to Parkinson’s.

Posted by Errol, filed under Uncategorized. Date: October 3, 2016, 2:53 am | No Comments »

The new Anti Bribery and Corruption Law, often called the Kim Young-ra Law, offer new opportunities for training Korean paparazzi who report violators with photo evidence.These paparazzi are dubbed ranparazzi after Kim Young-ran.

At a ranparazzi academy on a recent evening, a lecturer, identified by just his family name of Yun, told of a tale of his heroism. “Once I checked into a provincial motel paying the bill with cash and ordered a coffee from a nearby tearoom. When the delivery woman (prostitute) was taking a shower, I reported the motel as a tax dodger and the tearoom as a pimp and earned 1 million and 2 million, respectively, from the two reports. Since I paid 250,000 won for the motel bill and coffee, I netted 2.75 million won”.

Choi Sung-jin, The Korea Times, 1 October 2016

 

Posted by Errol, filed under Crime, Economics, Law. Date: October 3, 2016, 12:11 am | No Comments »

Seoul Central District Prosecutors’ Office said it indicted Lee Chang-suk, 50, without physical detention for not handing over a 40 percent stake in the ball club to a Korean-American businessman that he had promised in return for 2 billion won ($1.8 million).

The prosecutors also indicted Namkoong Jong-hwan, the general manager of the Heroes, without physical detention, for aiding Lee.

Lee approached Hong Sung-eun, chairman of the Atlanta-based real estate developer Rainier Group, to invest the money in exchange for a stake in baseball club Nexen Heroes.

However, Hong didn’t receive his share and he filed a petition against Lee with prosecutors in May. Investigators then raided the home and office of Lee, and also placed him under an overseas travel ban.

The two executives inflicted financial losses worth 1.7 billion won on the company by receiving excessive bonuses from their advertisement deals. They also lent 200 million won without collateral to a businessman for opening a hostess bar, according to the prosecutors.

The Korea Times 30 September 2016

Posted by Errol, filed under Crime, finger chopping wacky, K-girls, Scams. Date: October 2, 2016, 11:56 pm | No Comments »