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South Korea’s former first lady arrested on corruption charges

Business World Philippines

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August 14, 2025

South Korea's former first lady Kim Keon Hee will spend her first day in jail on Wednesday in a cell much like the one her husband and ex-President Yoon Suk Yeol occupies as prosecutors pursue the once high-flying couple in a widening criminal probe.

Ms. Kim was formally booked into the Seoul Nambu Detention Center on the western edge of the capital, a comparatively new correctional facility that opened in 2011 and one of the few run by a female warden.

She will be treated in the same way as other inmates but will receive minor adjustments in her daily routine given her status as a high-profile figure, a source familiar with the matter told Reuters.

Ms. Kim was imprisoned after a court approved a warrant for her arrest late on Tuesday on the grounds that she might destroy evidence amid an ongoing investigation into allegations of bribery, stock fraud and influence peddling.

Ms. Kim’s lawyers have denied the accusations against her and dismissed as groundless speculation news reports about some of the gifts she allegedly received in return for favors.

Ms. Kim apologized for causing concern in the country and called herself “a nobody” as she appeared for questioning last week.

MÁS HISTORIAS DE Business World Philippines

Business World Philippines

NG gross borrowings decline in October

THE NATIONAL Government's (NG) gross borrowings declined in October amid a drop in foreign debt, the Bureau of the Treasury said.

time to read

2 mins

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Business World Philippines

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Honda Foundation extends aid to Typhoon Tino survivors

LATE LAST month, associates from the Cebu office of Honda Philippines, Inc. (HPI) representing Honda Foundation, Inc. (HFI) visited affected families in Barangay Cotcot, Liloan, Cebu.

time to read

1 min

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Business World Philippines

Poll: Inflation likely eased in Nov.

HEADLINE INFLATION likely eased in November as lower prices of food, particularly rice, may have tempered higher utility costs during the month, analysts said.

time to read

3 mins

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Business World Philippines

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Filipinos push back as flood control scandal sparks fresh protest wave

BJ I. MABINI didn’t plan on joining a street protest. But when he saw videos of politicians’ relatives flaunting designer bags and luxury cars online — days after headlines warned that billions of pesos meant for flood control had vanished — he said he had reached his limit.

time to read

6 mins

December 01, 2025

Business World Philippines

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The Good Meat elevates Noche Buena dishes with new twists

FOR FILIPINOS, Noche Buena is more than a feast.

time to read

1 min

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Business World Philippines

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Mitsubishi unveils all-new Destinator

time to read

2 mins

December 01, 2025

Business World Philippines

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DoST honors outstanding MSMEs at National Science, Technology and Innovation Week 2025

THE DEPARTMENT OF SCIENCE and Technology (DoST) recognized nine outstanding micro, small, and medium enterprises (MSMEs) under its Small Enterprise Technology Upgrading Program (SETUP) during the 2025 National Science, Technology, and Innovation Week (NSTW) held in Laoag City.

time to read

1 mins

December 01, 2025

Business World Philippines

PHL export prospects riding on tariff ruling by US Supreme Court

A US Supreme Court ruling on the reciprocal tariffs will shape the Philippines’ trade prospects as the justices grapple with President Donald J. Trump’s radical overhaul ofthe trading system, analysts said.

time to read

2 mins

December 01, 2025

Business World Philippines

PHL companies double down on sustainability – Schneider survey

ENERGY TECHNOLOGY SOLUTIONS provider Schneider Electric recently announced the results of its annual Green Impact Gap survey revealing that Philippine business leaders increasingly view sustainability as a driver of growth and competitiveness, even as they cite economic uncertainty and geopolitical instability as barriers to further sustainability investment.

time to read

1 mins

December 01, 2025

Business World Philippines

Rice, galunggong prices up, meat steady in mid-Nov.

PRICES of rice and galunggong (round scad) rose in mid-November, while pork and chicken prices were little changed, according to the Philippine Statistics Authority (PSA).

time to read

1 mins

December 01, 2025

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