State auditor to probe financial watchdog over Tong Yang oversight
Seoul - Yonhap
The state auditor plans to launch a special inspection of the nation's financial watchdog next week in connection with its oversight of a family-controlled conglomerate accused of fraud and malpractice in issuing bonds, a source said Sunday. Tong Yang Group, the 38th-largest conglomerate in South Korea, is suspected of selling debts worth around 2 trillion won (US$1.89 billion) to investors without fully informing them of its repayment conditions and default risks.
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The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
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