Sewol families desperately seeking help to rescue sinking parliament

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Published on Saturday, 31 May 2014 05:01
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Posted on : May.29,2014 11:49 KST

 

 

 

Members of the Sewol victims’ Emergency Family Committee weep as they hold signs calling for the parliamentary investigation into the Sewol sinking to start as soon as possible, in front of the National Assembly Main Hall in Seoul’s Yeouido neighborhood, May 28. (by Kim Kyung-ho, staff photographer)

Political deadlock is scuttling efforts toward thorough parliamentary investigation into last month’s sinking

By Ha Eo-young and Seo Bo-mi, staff reporters

 

There was to be no more “waiting.” The ruling and opposition parties had wanted them to sit still while they slipped out for the upcoming municipal elections, but the family members stopped them in their tracks and dragged them into the floundering talks toward a parliamentary investigation into the

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Sewol.- The many masks of Yoo Byung-eun

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Published on Friday, 30 May 2014 14:10
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 By Aidan Foster-Carter


Who is Yoo Byung-eun? More to the point, where is Yoo Byung-eun? South Korea's most wanted man, known locally as the billionaire without a face, is nothing if not elusive. On May 20, South Korean prosecutors set up a 40-strong team to track him down after he had ignored a second summons to present himself at their offices in Incheon, the port city west of Seoul.
The same day, soon-to-be-ex prime minister Chung Hong-won told the National Assembly that "the government should try and confiscate all his fortune" - and for good measure his family's as well. Yoo's two sons and a daughter have ignored summonses, just like daddy.
Strong words, considering that Yoo has yet to be formally charged

 

 

from his Shanghai triumph, addressed the participants and brought the house down.
It

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Changing Chinese Economy Could Hurt Dry Bulk Sector

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Published on Friday, 30 May 2014 13:43
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Friday May 30, 2014

 

Growth in demand for commodities like iron ore will slow in China

A shift in the Chinese economy toward the service sector and away from industries dependent on imports and exports could hurt the bulk carrier sector beginning in 2015-2016, Christopher Rex, head of research at Danish Ship Finance told industry news site ShippingWatch.

Rex said many industry players and observers may be too optimistic about demand for bulk carriers because they fail to adequately account for the shifting nature of economic growth in China.

"When we look at the Chinese growth rate of around seven percent, which used to be around ten percent, then of course that represents a lower growth target for the Chinese economy, though still a high growth," he

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