Lawmakers in South Korea have each received a bonus of around 4.24 million won ($3,181) for the upcoming Chuseok holiday, while more than 40 percent of ordinary workers reported receiving no such bonus, igniting a debate about whether legislators deserve such privileges and benefits. On Thursday, members of the National Assembly received their Chuseok bonus -- one of the two holiday bonuses -- with each amount calculated as 60 percent of their monthly salary, according to the regulations on civi

MBK Partners, a big-name private equity house based in South Korea, has stepped into the ongoing management dispute involving the country’s leading zinc smelter Korea Zinc, siding with its rival Youngpoong Group. Youngpoong Group’s owning family, the Chang clan, which holds a combined 33.1 percent shares in Korea Zinc, teamed up with MBK Partners by signing a shareholder agreement Thursday, in an agreement to jointly exercise voting rights on the shares. The two also agreed on a ca

Ryoo Seung-wan, an established filmmaker in Korea known for bringing witty, high-adrenaline action to the big screen, has returned with “I, the Executioner,” a sequel to the 2015 mega-hit cop movie “Veteran.” The first film in the series follows veteran detective Seo Do-cheol (Hwang Jung-min) as he takes down corrupt chaebol heir Jo Tae-oh (Yoo Ah-in). “I, the Executioner” – known as “Veteran 2” here -- follows Do-Cheol, as he teams up with r