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CONSULTING GROUP OF SPRINGHILL SOUTH KOREA - SEOUL - South Korean financial regulators said Thursday they had uncovered the country's biggest insurance fraud, involving more than 1,300 people and three hospitals. The scam was carried out by 1,361 people including 31 insurance workers, the Financial Supervisory Service said. Residents of the southern province of Gyeongsang posed as fake patients or exaggerated their illnesses to claim a total of 9.51 billion won ($10.36 million) from insurance firms, it said, adding 893 women were involved. Last November, police uncovered a similar insurance fraud involving more than 400 people in Taebaek, a mining town in the eastern province of Gangwon.

Purchasing and owning a home is one of the biggest financial investments you'll ever make, and no doubt you'll have many questions regarding the process. First-time buyers enjoy some special privileges and opportunities. Some banks will offer first-time buyers a bond above 100% to help you cover the transfer and legal costs as well as the purchase price. And almost all institutions now offer a 30 year bond repayment period, to make the monthly costs more accessible, an option which banks created specifically for first-time buyers. Make that very clear on your application that you're a first-time buyer. It is a general rule, make a quality purchase, buying a house is a big decision so you have to decide wisely. When house hunting you can follow this tips.

Springhill Care Group : Can you choose your own term mortgage? 10April 2012 - SpringhillCare - SlideShare - People are relying on mortgage in order to buy their own house. Investing in a house is considered to be the biggest financial commitment one can ever make. Therefore, it will be beneficial for the consumer if you could choose your own mortgage term. Before you apply for a mortgage loan make sure that you take help of a loan mortgage calculator to calculate your monthly payment. This will help you determine the mortgage loan that you can afford to take out. When a borrower chooses his own term mortgage then it will be easier for him to pay off the owed amount without a single default Quicken loan offers "YOURmortgage" where the consumers will determine the length of the mortgage where you can choose the term between 8 to 30 years. Therefore, if you are not keen to apply for a standard 30 or 15-year term then refinancing your mortgage into an 18-year fixed or a 24-year fixed loan can be beneficial for you. If your loan term is short then interest rate will be comparatively lower, thereby you can save considerable amount of money.  If you take out 15 years fixed term mortgage then the interest rate will be lower than 30 years fixed term mortgage. So you can save considerable amount of money with a shorter term as less interest will be paid over a shorter amount of time. In shorter term mortgage you pay less as the loan amortizes faster. But remember that the monthly mortgage will be higher if your loan term is shorter. So this is considered to be a drawback of this mortgage program. Reason behind choosing your own mortgage term: You can choose your own mortgage term in accordance with your budget. This will help you avoid burning a hole in your pocket while paying back the owed amount. You can set your mortgage term according to age you plan to retire. Therefore, before your retirement you'll be able to pay back the mortgage loan and avoid def

Foxconn Technology, one of the largest electronics manufacturers in the world and the center of the recent Apple labor scandal, has announced on Saturday that it will reduce overtime and increase wages in their factories. Foxconn's announcement that they will increase wages up to 25% (which is about USD 400 a month) came after they have been put in the spotlight for the bad working conditions on its factories. Factories depend on the workers being present for 6-7 days per week, sometimes for as long as fourteen hours each day. Their workers welcomed the announcement on overtime limits and raises but some are understandably skeptical if it would be realized. In order to satisfy their critics, Apple hired a labor group to inspect the factories they work with. Fair Labor Association, a watchdog for working conditions has reportedly found 'tons of issues' in the Foxconn plan in Shenzhen, China. The FLA monitoring team composed of 30 members is set to interview 35,000 randomly picked employees of Foxconn. A premature pronouncement from a member of the monitoring team sparked outrage - that he issued assessments already even before workers have been interviewed should have no room in the official conclusion. It is amazing how someone in the inspection group could conclude positivelywith only a hosted tour of the plant as his basis. He even said that the Foxconn plant is one of the best ones in the country. In reality, alleged violations could be very difficult to detect during an inspection because the owner will be forwarned and can promptly arrange a cover-up. Foxconn is one of China's biggest employers, with 1.2 million workers housed in room with boiler near their factories. They assemble around 40% of the total amount of electronic devices sold worldwide. Apart from Apple, their clients include Toshiba, IBM, HP, Sony, Dell and others. According to a recent government report, this year's shortage in labor is worse than t

Foxconn Technology, one of the largest electronics manufacturers in the world and the center of the recent Apple labor scandal, has announced on Saturday that it will reduce overtime and increase wages in their factories. Foxconn's announcement that they will increase wages up to 25% (which is about USD 400 a month) came after they have been put in the spotlight for the bad working conditions on its factories. Factories depend on the workers being present for 6-7 days per week, sometimes for as long as fourteen hours each day. Their workers welcomed the announcement on overtime limits and raises but some are understandably skeptical if it would be realized. In order to satisfy their critics, Apple hired a labor group to inspect the factories they work with. Fair Labor Association, a watchdog for working conditions has reportedly found 'tons of issues' in the Foxconn plan in Shenzhen, China. The FLA monitoring team composed of 30 members is set to interview 35,000 randomly picked employees of Foxconn. A premature pronouncement from a member of the monitoring team sparked outrage - that he issued assessments already even before workers have been interviewed should have no room in the official conclusion. It is amazing how someone in the inspection group could conclude positively with only a hosted tour of the plant as his basis. He even said that the Foxconn plant is one of the best ones in the country. In reality, alleged violations could be very difficult to detect during an inspection because the owner will be forwarned and can promptly arrange a cover-up. Foxconn is one of China's biggest employers, with 1.2 million workers housed in room with boiler near their factories. They assemble around 40% of the total amount of electronic devices sold worldwide. Apart from Apple, their clients include Toshiba, IBM, HP, Sony, Dell and others. According to a recent government report, this year's shortage in labor is worse than those i

(SpringhillCareGroup) 28March 2012 - People are relying on mortgage in order to buy their own house. Investing in a house is considered to be the biggest financial commitment one can ever make. Therefore, it will be beneficial for the consumer if you could choose your own mortgage term. Before you apply for a mortgage loan make sure that you take help of a loan mortgage calculator to calculate your monthly payment. This will help you determine the mortgage loan that you can afford to take out. When a borrower chooses his own term mortgage then it will be easier for him to pay off the owed amount without a single default. Quicken loan offers "YOURmortgage" where the consumers will determine the length of the mortgage where you can choose the term between 8 to 30 years. Therefore, if you are not keen to apply for a standard 30 or 15-year term then refinancing your mortgage into an 18-year fixed or a 24-year fixed loan can be beneficial for you. If your loan term is short then interest rate will be comparatively lower, thereby you can save considerable amount of money. If you take out 15 years fixed term mortgage then the interest rate will be lower than 30 years fixed term mortgage. So you can save considerable amount of money with a shorter term as less interest will be paid over a shorter amount of time. In shorter term mortgage you pay less as the loan amortizes faster. But remember that the monthly mortgage will be higher if your loan term is shorter. So this is considered to be a drawback of this mortgage program. Reason behind choosing your own mortgage term: You can choose your own mortgage term in accordance with your budget. This will help you avoid burning a hole in your pocket while paying back the owed amount. You can set your mortgage term according to age you plan to retire. Therefore, before your retirement you'll be able to pay back the mortgage loan and avoid default. You can choose a mortgag

If you've got a junk email folder full of spam, there's nearly a 10 percent chance it came from a computer in India, the world's new top spam producer. India claimed the unwanted crown from the U.S. in the security firm Sophos' most recent "Dirty Dozen" report of the top spamming countries between January and March. Rounding out the infamous top five are South Korea, which accounts for 8.3 percent of spam, and Indonesia and Russia, both of which distribute 5 percent of the spam clogging up inboxes. Trailing Russia are Italy (4.9 percent ), Brazil (4.3 percent), Poland (3.9 percent), Pakistan (3.3 percent), Vietnam (3.2 percent), Taiwan (2.9 percent) and Peru (2.5 percent). [The 10 Biggest Online Security Myths - And How to Avoid Them] According to Sophos' chief technical officer Graham Cluley, the computers in these high-spamming countries might be sending out their junk messages without the complicity of the computers' actual owners. "The vast majority of spam comes from home computers that have been compromised by hackers, and commandeered into a botnet," Cluley explained. Botnets, short for "robot networks," function like automated zombie armies; infected with a malicious piece of software that puts them under the control of a remote operator, they carry out the orders of the command-and-control server - including sending mass amounts of spam emails - all without the computer owner's knowledge. Cluley said total spam output has actually decreased since the same time period last year. He credited this decline to cybercriminals switching up their approach; they are crafting more targeted email scams, and taking advantage of the massive popularity of social networks like Facebook and, more recently, Pinterest, to do the scam-spreading work for them. Fortunately, whatever country you're in, you can download anti-virus software that can help prevent th

If you've got a junk email folder full of spam, there's nearly a 10 percent chance it came from a computer in India, the world's new top spam producer. India claimed the unwanted crown from the U.S. in the security firm Sophos' most recent "Dirty Dozen" report of the top spamming countries between January and March. Rounding out the infamous top five are South Korea, which accounts for 8.3 percent of spam, and Indonesia and Russia, both of which distribute 5 percent of the spam clogging up inboxes. Trailing Russia are Italy (4.9 percent ), Brazil (4.3 percent), Poland (3.9 percent), Pakistan (3.3 percent), Vietnam (3.2 percent), Taiwan (2.9 percent) and Peru (2.5 percent). [The 10 Biggest Online Security Myths - And How to Avoid Them] According to Sophos' chief technical officer Graham Cluley, the computers in these high-spamming countries might be sending out their junk messages without the complicity of the computers' actual owners. "The vast majority of spam comes from home computers that have been compromised by hackers, and commandeered into a botnet," Cluley explained. Botnets, short for "robot networks," function like automated zombie armies; infected with a malicious piece of software that puts them under the control of a remote operator, they carry out the orders of the command-and-control server - including sending mass amounts of spam emails - all without the computer owner's knowledge. Cluley said total spam output has actually decreased since the same time period last year. He credited this decline to cybercriminals switching up their approach; they are crafting more targeted email scams, and taking advantage of the massive popularity of social networks like Facebook and, more recently, Pinterest, to do the scam-spreading work for them. Fortunately, whatever country you're in, you can download anti-virus software that can help prevent these spam-spewing armies from enlisting

If you've got a junk email folder full of spam, there's nearly a 10 percent chance it came from a computer in India, the world's new top spam producer. India claimed the unwanted crown from the U.S. in the security firm Sophos' most recent "Dirty Dozen" report of the top spamming countries between January and March. Rounding out the infamous top five are South Korea, which accounts for 8.3 percent of spam, and Indonesia and Russia, both of which distribute 5 percent of the spam clogging up inboxes. Trailing Russia are Italy (4.9 percent ), Brazil (4.3 percent), Poland (3.9 percent), Pakistan (3.3 percent), Vietnam (3.2 percent), Taiwan (2.9 percent) and Peru (2.5 percent). [The 10 Biggest Online Security Myths - And How to Avoid Them] According to Sophos' chief technical officer Graham Cluley, the computers in these high-spamming countries might be sending out their junk messages without the complicity of the computers' actual owners. "The vast majority of spam comes from home computers that have been compromised by hackers, and commandeered into a botnet," Cluley explained. Botnets, short for "robot networks," function like automated zombie armies; infected with a malicious piece of software that puts them under the control of a remote operator, they carry out the orders of the command-and-control server - including sending mass amounts of spam emails - all without the computer owner's knowledge. Cluley said total spam output has actually decreased since the same time period last year. He credited this decline to cybercriminals switching up their approach; they are crafting more targeted email scams, and taking advantage of the massive popularity of social networks like Facebook and, more recently, Pinterest, to do the scam-spreading work for them. Fortunately, whatever country you're in, you can download anti-virus software that can help prevent these spam-spewing armies from enlisting

The decision of US to let the blind human rights activist Chen Guangcheng return into China's fold following his escape from authorities is straining ties between the two countries as diplomatic dialogues opened in Beijing. The 40-year old Chen who is now considered a dissident became an international human rights inspiration to many Chinese after earning the ire of the local government for exposing forced abortions in line with the country's one-child policy. The self-taught lawyer took to the US embassy after his escape, apparently to ask for help but was eventually ushered into the Beijing Hospital. According to a senior official's statement to Springhill Care Group, Chen has indeed went into the embassy that day and has requested for medical treatment for his injured foot. American medical personnel have then conducted medical tests and made appropriate treatment during the time he was there. Immediately after the incident, the Chinese government has expressed its disapproval about the entire affair, demanding an apology from the US for taking Chen in. "What the U.S. side should do now is neither to continue misleading the public and making every excuse to shift responsibility and conceal its wrongdoing, nor to interfere in the domestic affairs of China," said Chinese Foreign Ministry spokesman Liu Weimin. This incident came just when the US Secretary of State Hilary Clinton is visiting Beijing in a meeting with Chinese officials on security and trade talks. And although no one mentioned Chen's name, it is evident in their statements that the incident is on the spotlight as the 2 nations struggle to maintain common ground. Clinton said in her opening statement, "The United States believes that no state can legitimately deny the universal rights that belong to every human being - or punish those who exercise them. A China that protects the rights of all its citizens will be a stronger, more prosperous partner for the United State

"Springhill Care Group - Spain's borrowing costs on its 10-year government bonds fell to the lowest level since January on Thursday. At its latest debt auction raised 4.8 billion euros and saw strong demand from investors for the bonds maturing in three and 10 years' time. Madrid has been able to more easily sell its bonds at lower rates of interest since the European Central Bank announced its bond-buying plan. Trader Ignacio Blanco with Bankinter said: "Over the last month and a half bond interest rates are down more than two percent, since Draghi spoke at the end of July. There was strong demand in the days before the auction and today too. They were buying bonds before, they continued to buy today, and the initial operations after the auction were good." Many analysts have warned Spain's borrowing costs could skyrocket to unsustainable levels unless Rajoy asks for an international bailout, at which point the ECB would start buying Spanish bonds. The country's economic crisis is exposing deep fault lines with the wealthy, but heavily indebted, region of Catalonia calling for tax breaks. Catalonia, which is in northeastern Spain, generates one fifth of the country's economic output and is home to 16 percent of Spaniards. More than half of Catalans say they want a separate state, and hundreds of thousands marched in Barcelona last week - the biggest such show of separatist fervor. The upsurge in Catalan separatism is founded on a conviction that Madrid is draining the region financially. The central government collects most taxation payments then redistributes them to Spain's 17 self-governing regions, which run their own schools and hospitals. Each year Catalans say they pay 16 billion euros more in taxes than the regional government spends. The region's debts have made the Madrid government's task of balancing the budget more difficult. Rajoy has threatened to intervene in regions that cannot control their budgets. Catalonia is li

Springhill Care Group - Spain's borrowing costs on its 10-year government bonds fell to the lowest level since January on Thursday. At its latest debt auction raised 4.8 billion euros and saw strong demand from investors for the bonds maturing in three and 10 years' time. Madrid has been able to more easily sell its bonds at lower rates of interest since the European Central Bank announced its bond-buying plan. Trader Ignacio Blanco with Bankinter said: "Over the last month and a half bond interest rates are down more than two percent, since Draghi spoke at the end of July. There was strong demand in the days before the auction and today too. They were buying bonds before, they continued to buy today, and the initial operations after the auction were good." Many analysts have warned Spain's borrowing costs could skyrocket to unsustainable levels unless Rajoy asks for an international bailout, at which point the ECB would start buying Spanish bonds. The country's economic crisis is exposing deep fault lines with the wealthy, but heavily indebted, region of Catalonia calling for tax breaks. Catalonia, which is in northeastern Spain, generates one fifth of the country's economic output and is home to 16 percent of Spaniards. More than half of Catalans say they want a separate state, and hundreds of thousands marched in Barcelona last week - the biggest such show of separatist fervor. The upsurge in Catalan separatism is founded on a conviction that Madrid is draining the region financially. The central government collects most taxation payments then redistributes them to Spain's 17 self-governing regions, which run their own schools and hospitals. Each year Catalans say they pay 16 billion euros more in taxes than the regional government spends. The region's debts have made the Madrid government's task of balancing the budget more difficult. Rajoy has threatened to intervene in regions that cannot control their budgets. Catalonia is lik

TELEGRAPH UK - Four pairs in the women's doubles were disqualified from the Olympics for underperforming in the final group stages on Tuesday night as they deliberately tried to lose by spraying shots wide or into the net to secure an easier quarter-final draw. The players, the Chinese world champions Wang Xiaoli and Yu Yang, Greysia Poli and Meiliana Jauhari of Indonesia and two South Korean pairs, Jung Kyung-eun and Kim Ha-na, and Ha Jung-eun and Kim Min Jung, were jeered by the crowd. The organising committee for the Games will not be offering refunds to spectators who attended on Tuesday evening, despite Lord Coe describing the incident as "depressing" and asking: "Who wants to sit through something like that?" Officials from the sport's governing body conducted a frantic round of meetings as they hastily arranged a disciplinary panel. An official announcement of its findings was only made public as spectators took their seats for last night's women's doubles quarter-finals. Pairs from Canada, South Africa, Russia and Australia, who had thought their Olympics were over, had to hastily prepare for a return to court in front of a sell-out crowd. "We found out we were playing at 3 o'clock," said Michelle Edwards, of South Africa. "Everything was so last minute. We packed our bags, rush, rush, rush and here we are. The mental preparation was almost zero." South Africa lost 2-0 to Russia but Australia took Canada to three sets before losing. The episode was deeply embarrassing for the badminton authorities who would have been aware that Jacques Rogge, president of the International Olympic Committee, recently described match fixing as the biggest threat to the Games. With all athletes and coaches swearing to uphold the Olympic oath at the opening ceremony, this damaged the integrity of the Games. The stakes were high for the badminton authorities with the prospect of two sports being removed from the Olympics before Rio 2016. "We are very

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TELEGRAPH UK - Four pairs in the women's doubles were disqualified from the Olympics for underperforming in the final group stages on Tuesday night as they deliberately tried to lose by spraying shots wide or into the net to secure an easier quarter-final draw. The players, the Chinese world champions Wang Xiaoli and Yu Yang, Greysia Poli and Meiliana Jauhari of Indonesia and two South Korean pairs, Jung Kyung-eun and Kim Ha-na, and Ha Jung-eun and Kim Min Jung, were jeered by the crowd. The organising committee for the Games will not be offering refunds to spectators who attended on Tuesday evening, despite Lord Coe describing the incident as "depressing" and asking: "Who wants to sit through something like that?" Officials from the sport's governing body conducted a frantic round of meetings as they hastily arranged a disciplinary panel. An official announcement of its findings was only made public as spectators took their seats for last night's women's doubles quarter-finals. Pairs from Canada, South Africa, Russia and Australia, who had thought their Olympics were over, had to hastily prepare for a return to court in front of a sell-out crowd. "We found out we were playing at 3 o'clock," said Michelle Edwards, of South Africa. "Everything was so last minute. We packed our bags, rush, rush, rush and here we are. The mental preparation was almost zero." South Africa lost 2-0 to Russia but Australia took Canada to three sets before losing. The episode was deeply embarrassing for the badminton authorities who would have been aware that Jacques Rogge, president of the International Olympic Committee, recently described match fixing as the biggest threat to the Games.

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