Page 28 - Changwon News Today

Tropical Storm Khanun was pouring intense rain on South Korea on Thursday, turning roads into chocolate-coloured rivers and leaving at least one person dead as it advanced north toward major urban centres near the capital.

SEOUL, South Korea (AP) — Tropical Storm Khanun poured intense rain on South Korea on Thursday, turning roads into chocolate-colored rivers and leaving at least one person dead, before weakening as…

The storm delivered heavy rain as it slowly plowed across the country, but its strength increasingly diminished as it moved deeper inland. Khanun was generating maximum wind speeds of 72 kilometers per hour (45 miles per hour), compared to around 129 kph (80 mph) at the point of landfall.

More than 16,000 people have been evacuated from their homes.

Typhoon Khanun has changed course. It is now heading toward the countrys southern coast, a change from a forecast a few days ago that the northbound typhoon would hit southwestern Japan and pass over the sea between the two countries.

AsiaToday reporters Choi Won-young & Choi Ji-hyunSamsung Electronics Chairman Lee Jae-myong has come forward to help the World Scout Jamboree even..

As food-based tours have become a popular trend in South Korea, pushing historical sites and beautiful tourist attractions down in the list of vacationers' priorities, well-known restaurants and unique cafes garner unprecedented attention from holidaymakers. Though highway rest stops were considered a place to quench one's thirst and relieve hunger with instant food and snacks, some roadside establishments ...

Questions have arisen over the high number of embezzlement cases involving bank employees in the country. Market watchers point out that binding rules and responsibilities on banks internal control initiatives need to be strengthened, as the financial authorities current non-binding guidelines fall short of changing banks practices.

The Financial Supervisory Service (FSS) has confirmed an allegation of embezzlement amounting to 56.2 billion won ($43 million) by an employee in the project finance loan department at BNK Kyongnam Bank. The state-run financial watchdog announced Wednesday that it initiated an emergency on-site inspection on July 21, immediately after receiving a report of the allegation, and verified the embezzlement earlier this week.

The intense rivalry between HD Korea Shipbuilding & Offshore Engineering (HDKSOE) and Hanwha Ocean has now spilled over into ship engine manufacturing capabilities, as evidenced by the HD Hyundai Group affiliates recent acquisition of STX Heavy Industries, only months after the Hanwha affiliate acquired HSD Engine, according to market watchers, Tuesday.