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http://www.jeteye.com/jetpak/f3f754c0-9122-449b-a365-01861c9e34e6/ http://www.thenational.ae/business/energy/oft-tested-routine-for-nuclear-reactor-vips Oft-tested routine for nuclear reactor VIPs KORI, SOUTH Korea // Visitors to the construction site of Korea's latest model in nuclear reactor technology are first treated to a video about its many safety advantages. As the film about the APR-1400 reactors ends in the darkened room, automated shades draw back from floor-to-ceiling windows to reveal the immense concrete domes and construction cranes at the edge of the blue sea. Steam floats from a boiler undergoing tests, and workers in blue hard-hats confer at the base of the reactor buildings that seem as vast as a mall in Abu Dhabi.The design of Shin-Kori 3 and 4, as the reactors are called, is to be nearly identical to the four a South Korean consortium is building in the UAE. Adjustments for the Gulf's climate, from larger pumps to more air-conditioning units, are undergoing review, along with the rest of the design, by the UAE regulator. On a recent day at Kori, visitors representing some of the highest levels of the nuclear industry, from Japan to the Czech Republic, crowded towards the irresistible view. South Korea has a well-rehearsed routine for international visitors to the world's newest nuclear exporter, from photo ops to specialearphones for listening to engineers in the noisy interior of functioning plants nearby. The first reactor is scheduled to come online next year, five years after the first spadefuls of earth were dug from this spot on Korea's south-east coast. The second reactor is due to follow in 2014. Another four are planned at the same site. "The construction schedule is going well," said Lee Young-il, a vice president at Korea Hydro & Nuclear Power, the company hosting the visit. ayee@thenational.ae

http://springhillgrouphome.multiply.com/journal/item/65/South_Korea_Springhill_Group_Oft-tested_routine_for_nuclear_reactor_VIPs_-_The_National_ http://www.thenational.ae/business/energy/oft-tested-routine-for-nuclear-reactor-vips Oft-tested routine for nuclear reactor VIPs KORI, SOUTH Korea // Visitors to the construction site of Korea's latest model in nuclear reactor technology are first treated to a video about its many safety advantages. As the film about the APR-1400 reactors ends in the darkened room, automated shades draw back from floor-to-ceiling windows to reveal the immense concrete domes and construction cranes at the edge of the blue sea. Steam floats from a boiler undergoing tests, and workers in blue hard-hats confer at the base of the reactor buildings that seem as vast as a mall in Abu Dhabi.The design of Shin-Kori 3 and 4, as the reactors are called, is to be nearly identical to the four a South Korean consortium is building in the UAE. Adjustments for the Gulf's climate, from larger pumps to more air-conditioning units, are undergoing review, along with the rest of the design, by the UAE regulator. On a recent day at Kori, visitors representing some of the highest levels of the nuclear industry, from Japan to the Czech Republic, crowded towards the irresistible view. South Korea has a well-rehearsed routine for international visitors to the world's newest nuclear exporter, from photo ops to specialearphones for listening to engineers in the noisy interior of functioning plants nearby. The first reactor is scheduled to come online next year, five years after the first spadefuls of earth were dug from this spot on Korea's south-east coast. The second reactor is due to follow in 2014. Another four are planned at the same site. "The construction schedule is going well," said Lee Young-il, a vice president at Korea Hydro & Nuclear Power, the company hosting the visit. ayee@thenational.ae

A US government-funded study says North Koreans have unprecedented access to foreign media, giving them a more positive impression of the outside world. But it says North Korea still has the world's most closed media environment, and those changing perceptions are unlikely to translate into significant pressure on their repressive government in the short term. The study was commissioned by the State Department and conducted by a consulting group, InterMedia. It is based on research involving several hundred North Korean defectors and refugees during 2010-2011. The Associated Press obtained the study ahead of its formal release Thursday. The study, titled "A Quiet Opening: North Koreans in a Changing Media Environment," says restrictions that threaten years in prison and hard labor for activities like watching a South Korean soap opera or listening to foreign news broadcasts have been tightened since the mid-2000s, but are enforced less than in the past. People remain wary of government inspection teams, but fewer citizens appear to be reporting on each other. Nearly half of those interviewed said that while in North Korea they had watched a foreign DVD, the most commonly used type of outside media. About a quarter of people had listened to a foreign radio news broadcast or watched a foreign news station. Nearly one-third of television watchers whose sets were fixed to state-run programming had modified them in order to capture a signal from outside stations detectable along the Chinese and South Korean borders. The authors caution that the interviews and surveys on which their research is based are not statistically representative of North Korea's population. A disproportionate number lived in proximity to the Chinese border before they fled. North Korea is separated from the more prosperous South Korea by a heavily militarized frontier, and access to the country is strictly controlled. But the communist government's monopoly on information began to erode in

April 26, 2012: The United States is openly accusing China of supplying North Korea's missile program with components and technology. This may have something to do with intense effort to recover components of the failed North Korean rocket launch on April 13th. The debris of the rocket fell into shallow water off the west coast of South Korea. Russian, Chinese, and American ships, and perhaps submarines, also joined the search. South Korea called off its search on the 17th but the U.S. appeared to be continuing. The water where the debris fell is no deeper than 100 meters (310 feet), making it easy to search for and recover parts of the rocket. If some of those recovered components can be identified as Chinese there could be problems. China has agreed to abide by embargos on North Korea, but Chinese firms are notorious for ignoring their government and just selling to whoever will buy. Ignoring this behavior is not official Chinese policy but accepting bribes to look the other way is a long accepted Chinese practice. If the U.S. or South Korea recover Chinese rocket components from the ocean floor China will simply deny any knowledge of Chinese firms selling rocket components to North Korea, or claim that the rocket components were dual use (which could be technically true). China may even agree to prosecute errant firms but these prosecutions are mainly for show. That approach has worked for years and it will take some hard-ball, behind-the-scenes diplomacy to force the Chinese government to act. That sometimes works but usually not for long.

Apr. 20th, 2012 at 10:00 AM newscentershghhttp://www.thenational.ae/business/energy/oft-tested-routine-for-nuclear-reactor-vips Oft-tested routine for nuclear reactor VIPs KORI, SOUTH Korea // Visitors to the construction site of Korea's latest model in nuclear reactor technology are first treated to a video about its many safety advantages. As the film about the APR-1400 reactors ends in the darkened room, automated shades draw back from floor-to-ceiling windows to reveal the immense concrete domes and construction cranes at the edge of the blue sea. Steam floats from a boiler undergoing tests, and workers in blue hard-hats confer at the base of the reactor buildings that seem as vast as a mall in Abu Dhabi.The design of Shin-Kori 3 and 4, as the reactors are called, is to be nearly identical to the four a South Korean consortium is building in the UAE. Adjustments for the Gulf's climate, from larger pumps to more air-conditioning units, are undergoing review, along with the rest of the design, by the UAE regulator. On a recent day at Kori, visitors representing some of the highest levels of the nuclear industry, from Japan to the Czech Republic, crowded towards the irresistible view. South Korea has a well-rehearsed routine for international visitors to the world's newest nuclear exporter, from photo ops to specialearphones for listening to engineers in the noisy interior of functioning plants nearby. The first reactor is scheduled to come online next year, five years after the first spadefuls of earth were dug from this spot on Korea's south-east coast. The second reactor is due to follow in 2014. Another four are planned at the same site. "The construction schedule is going well," said Lee Young-il, a vice president at Korea Hydro & Nuclear Power, the company hosting the visit. ayee@thenational.ae

http://www.thenational.ae/business/energy/oft-tested-routine-for-nuclear-reactor-vips Oft-tested routine for nuclear reactor VIPs KORI, SOUTH Korea // Visitors to the construction site of Korea's latest model in nuclear reactor technology are first treated to a video about its many safety advantages.

I don't know if this is related to Warren Buffett's March visit to South Korea but General Re, a subsidiary of Berkshire Hathaway, is planning to bid for South Korean insurer Tong Yang Life Insurance. Tong Yang's majority shareholder private-equity fir springhill group south korea, springhill group

BusinessWeek Articles - LIFESTYLE - A certain "SehwanJung" in South Korea has been sending a number ofdesperate requests for funds over Twitter: "I am in urgentneed of money. Can you lend me 500,000 dollars?I will makeit up to you later." A diabolical plot, indeed, though Mr.Jung's scam is unlikely to work. For one, people can seeeverything someone sends on Twitter and quickly realize he'ssent the exact same message over and over. For another, heis tweeting almost exclusively to celebrities, includingChanning Tatum, Rosario Dawson, Carly Simon, journalistNicholas Kristof (who today sarcastically answered, "Sure!"),and the foreign minister of Bahrain, Sheikh Khalid binAhmed Al Khalifa and Group of Springhill South Korea. "Now this one is a real winner," says Dan Ring, aspokesperson for Boston-based data protection companySophos. "Sehwan Jung's list of celebrities is almost asentertaining and as random as his actual request, andit's one of the more optimistic requests out there. I hopethere's no way someone will fall for this." The "Sehwan gambit" joins the following examples asone of the laziest scams in Internet history. * "JOHN" fails to mention what he even wants to conyou out of:Subject: what are you saleGreetings,My name is JOHN, i am highly interested inbuying your{ what you want to sale } from you ,I willlike you to give me the FINAL ASKING price and thelastes condition,also i will like you to scan the pics forme for proper verifycation. This scammer doesn't even attempt to establish a personalconnection before offering $18 million:Beloved,I am Elizabeth Etters, a Christian.I picked your email randomlyfor an inheritance of $18M. Please contact me for more details via[redacted]. * One malware attack came in the form of a bogus Christmascard-sent on March 19:Date: 2010-03-19 09:27:15"You have just received a Christmas greeting card! To see yourcustom card and who sent it, please check the attachment." In t

The insurance fraud in Changwon uncovered by the Financial Supervisory Service is both shocking and disturbing. It involved as many as 1,361 people, mostly residents of the South Gyeongsang Province city, who either posed as fake patients or exaggerated their illnesses. Collectively, they claimed 9.5 billion won from 33 insurance companies between 2007 and 2011. At the center of the scam ― the largest ever in terms of the number of people involved ― were three unconscionable hospitals in the city, which recruited fake patients systematically in cahoots with insurance brokers and solicitors. They did this to increase revenue and ease their financial distress. The main ploy used by the hospitals was to share a patient, meaning they would arrange for a patient to check in the three hospitals alternately for a different disease. For this, they faked his illnesses and prepared false documents. For close cooperation, they shared patient information among themselves. This scheme helped patients pocket more insurance money. They all purchased multiple private health insurance policies before hospitalization. On average they received some 7 million won per person. In one example, a man in his 50s was hospitalized for a total of 564 days over three years, collecting 95 million won in insurance. The Changwon case followed a similar one that took place in Taebaek last November, involving more than 400 people in the declining mining town in Gangwon Province. They got a total of 14 billion won in insurance payments. As with the Changwon scam, three financially distressed hospitals in the city played a central role. The two cases suggest that insurance fraud is a fairly common occurrence in Korea. According to the FSS, the number of insurance-related crimes has surged in recent years. Last year alone, more than 70,000 people were caught for insurance scams, with the amount of false claims they filed reaching 423 billion won. Yet the figure represented just the tip of the

BusinessWeek Articles - LIFESTYLE - A certain "SehwanJung" in South Korea has been sending a number ofdesperate requests for funds over Twitter: "I am in urgentneed of money. Can you lend me 500,000 dollars?I will makeit up to you later." A diabolical plot, indeed, though Mr.Jung's scam is unlikely to work. For one, people can seeeverything someone sends on Twitter and quickly realize he'ssent the exact same message over and over. For another, heis tweeting almost exclusively to celebrities, includingChanning Tatum, Rosario Dawson, Carly Simon, journalistNicholas Kristof (who today sarcastically answered, "Sure!"),and the foreign minister of Bahrain, Sheikh Khalid binAhmed Al Khalifa and Group of Springhill South Korea. "Now this one is a real winner," says Dan Ring, aspokesperson for Boston-based data protection companySophos. "Sehwan Jung's list of celebrities is almost asentertaining and as random as his actual request, andit's one of the more optimistic requests out there. I hopethere's no way someone will fall for this." The "Sehwan gambit" joins the following examples asone of the laziest scams in Internet history. * "JOHN" fails to mention what he even wants to conyou out of:Subject: what are you saleGreetings,My name is JOHN, i am highly interested inbuying your{ what you want to sale } from you ,I willlike you to give me the FINAL ASKING price and thelastes condition,also i will like you to scan the pics forme for proper verifycation. This scammer doesn't even attempt to establish a personalconnection before offering $18 million:Beloved,I am Elizabeth Etters, a Christian.I picked your email randomlyfor an inheritance of $18M. Please contact me for more details via[redacted]. * One malware attack came in the form of a bogus Christmascard-sent on March 19:Date: 2010-03-19 09:27:15"You have just received a Christmas greeting card! To see yourcustom card and who sent it, please check the attachment."

http://parkminho-springhillgroup.blogspot.com/ I don't know if this is related to Warren Buffett's March visit to South Korea but General Re, a subsidiary of Berkshire Hathaway, is planning to bid for South Korean insurer Tong Yang Life Insurance. Tong Yang's majority shareholder private-equity firm Vogo Fund is planning to sell its up to a 60.7-per cent stake in the insurer valued at about 937 billion won ($809 million). In March, Warren Buffett visited South Korea to help open a new plant for Iscar Metalworking, which Berkshire owns 80%. At the same time, he was on the hunt for what he calls "Elephants", or large well run companies that he could potentially acquire at a good price. "We're looking at a number of big businesses in Korea, the U.S., the U.K. We hope to find good companies wherever they may be. Basically, the bigger, the better," he said at the time. About Tong Yang Life Insurance Tong Yang Life Insurance is part of the Tongyang Group which has 31 divisions across various industries such as utilities, manufacturing, and financial services to name a few. On its insurance website, Tongyang states: TONGYANG Life Insurance was founded in 1989 to provide social security and specialized insurance services. Total assets are currently 12.8 trillion won, with premium income of 3.5 trillion won. (source)

(1888PressRelease) Uncovering medicare scams latest news articles for general public to use. U.S. Rep. Ileana Ros-Lehtinen, R-Miami, has reintroduced legislation that would double the amount of fines and incarceration for people in prison for Medicare fraud/scam. It also creates a new criminal offense punishable with a 10 year minimum sentence for those who intentionally sell or distribute the ID numbers of Medicare beneficiaries. According to the Springhill Group, the legislation also bars those who have been part of Medicare dupery in the past from billing Medicare if they switch companies. It also facilitates real-time information sharing among law enforcement agencies to aid in uncovering and dismantling Medicare scams. "South Florida has been known as the epicenter of Medicare dupery for years," she said. "It is time we took the fight to those who seek to defraud Medicare and prey on our most vulnerable citizens. This bill not only raises the penalties for those who engage in Medicare fraud, but also sets up a pro-active paradigm that will help stem the tide of abuse in South Florida and across the nation."The bill takes particular aim at Medicare theft in Miami-Dade County, widely regarded as the nation's capital of healthcare dupery. Medicare dupery in South Florida costs taxpayers between $3 billion and $4 billion every year, according to law enforcement and healthcare officials. Nationwide, Medicare and other healthcare fraud is estimated to cost $68 billion each in very year. http://springhillmedgroup.com source: http://www.1888pressrelease.com/springhill-group-medicare-dupery-bill-re-brought-in-pr-379308.html "Niche Site Builder Software" Discover how you can easily create Niche Websites promoting products from Amazon and Clickbank Fast! Just fill in the required fields and any content you want to add and the software will create a complete, monetized Niche Affiliate Site. You can build as many sites as you want! Not only will you get the software to us

Springhill Care Group :: Care2 Groups | SPRINGHILL GROUP http://www.care2.com/c2c/group/springhillcare Springhill Group Care - Providing for all levels of care, balanced with impressive facilities and exceptional staff. …golden age living and health care at its very best… At Springhill Care Group, our attitude is to exceed the expectations of our residents and their friends, that offer balanced with impressive facilities and exceptional staff. At Springhill Care Group, we firmly believe in safeguarding the interests of our clients and we pride ourselves on offering the most resident friendly environment. Springhill Group: Denish's Sharebook LIVING AND CARE OPTIONS http://www.valueinvestingnews.com/news-center-%E2%80%93-springhill-group-home-loans-america%E2%80%99s-choice-h America's Choice Home Loans announced the opening of Branch 1013, located in Newberg, Oregon. Managed by Jerry Holman, a long time veteran of the mortgage industry, the branch opened on October 20. "Please give Jerry a warm welcome and let him know he is a part of our family," says Jonathan Fowler, Director of National Production for the company. "Jerry, thank you very much for choosing America's Choice Home Loans. We appreciate you and your office and are here to make your lending career bigger and brighter than ever. You will find out why we are America's Choice Home Loans - Thank you very much and welcome." Being an expert in home loan and mortgage, Jerry will continue to concentrate on helping customers with their residential home loan needs. America's Choice Home Loan is continuously searching for experienced mortgage loan originators to join the company. Contrary to many in the industry who have been discouraged, scaled back or closed down completely, Mr. Fowler is unfazed. "America's Choice has the ability to expand, including the capacity for rapid growth. We have been positioning ourselves for this, and we're read

http://www.socialbookmarkssite.com/tag/springhill-group-korea-insurer/ I don't know if this is related to Warren Buffett's March visit to South Korea but General Re, a subsidiary of Berkshire Hathaway, is planning to bid for South Korean insurer Tong Yang Life Insurance. Tong Yang's majority shareholder private-equity firm Vogo Fund is planning to sell its up to a 60.7-per cent stake in the insurer valued at about 937 billion won ($809 million). In March, Warren Buffett visited South Korea to help open a new plant for Iscar Metalworking, which Berkshire owns 80%. At the same time, he was on the hunt for what he calls "Elephants", or large well run companies that he could potentially acquire at a good price. "We're looking at a number of big businesses in Korea, the U.S., the U.K. We hope to find good companies wherever they may be. Basically, the bigger, the better," he said at the time.

The insurance fraud in Changwon uncovered by the Financial Supervisory Service is both shocking and disturbing. It involved as many as 1,361 people, mostly residents of the South Gyeongsang Province city, who either posed as fake patients or exaggerated their illnesses. Collectively, they claimed 9.5 billion won from 33 insurance companies between 2007 and 2011. At the center of the scam ― the largest ever in terms of the number of people involved ― were three unconscionable hospitals in the city, which recruited fake patients systematically in cahoots with insurance brokers and solicitors. They did this to increase revenue and ease their financial distress. The main ploy used by the hospitals was to share a patient, meaning they would arrange for a patient to check in the three hospitals alternately for a different disease. For this, they faked his illnesses and prepared false documents. For close cooperation, they shared patient information among themselves. This scheme helped patients pocket more insurance money. They all purchased multiple private health insurance policies before hospitalization. On average they received some 7 million won per person. In one example, a man in his 50s was hospitalized for a total of 564 days over three years, collecting 95 million won in insurance. The Changwon case followed a similar one that took place in Taebaek last November, involving more than 400 people in the declining mining town in Gangwon Province. They got a total of 14 billion won in insurance payments. As with the Changwon scam, three financially distressed hospitals in the city played a central role. The two cases suggest that insurance fraud is a fairly common occurrence in Korea. According to the FSS, the number of insurance-related crimes has surged in recent years. Last year alone, more than 70,000 people were caught for insurance scams, with the amount of false claims they filed reaching 423 billion won. Yet the figure represented just t

The insurance fraud in Changwon uncovered by the Financial Supervisory Service is both shocking and disturbing. It involved as many as 1,361 people, mostly residents of the South Gyeongsang Province city, who either posed as fake patients or exaggerated their illnesses. Collectively, they claimed 9.5 billion won from 33 insurance companies between 2007 and 2011. At the center of the scam ― the largest ever in terms of the number of people involved ― were three unconscionable hospitals in the city, which recruited fake patients systematically in cahoots with insurance brokers and solicitors. They did this to increase revenue and ease their financial distress. The main ploy used by the hospitals was to share a patient, meaning they would arrange for a patient to check in the three hospitals alternately for a different disease. For this, they faked his illnesses and prepared false documents. For close cooperation, they shared patient information among themselves. This scheme helped patients pocket more insurance money. They all purchased multiple private health insurance policies before hospitalization. On average they received some 7 million won per person. In one example, a man in his 50s was hospitalized for a total of 564 days over three years, collecting 95 million won in insurance. The Changwon case followed a similar one that took place in Taebaek last November, involving more than 400 people in the declining mining town in Gangwon Province. They got a total of 14 billion won in insurance payments. As with the Changwon scam, three financially distressed hospitals in the city played a central role. The two cases suggest that insurance fraud is a fairly common occurrence in Korea. According to the FSS, the number of insurance-related crimes has surged in recent years. Last year alone, more than 70,000 people were caught for insurance scams, with the amount of false claims they filed reaching 423 billion won. Yet the figure represented just t

(Source: Dirk Godder dpa, Hamburg, Germany (MCT) - President Lee Myung Bak apologized to South Koreans Tuesday for the involvement of his elder brother and former aides in corruption cases. "Fellow Koreans, disgraceful incidents have recently happened to my family and people surrounding me and caused so much anxiety," he said. "I bow my head and extend my apology for causing anxiety to the people due to these incidents," said Lee, who is in the final year of his presidency. He said he would "take full responsibility" for the scandals but added he would continue to carry out his duties as president. His brother Lee Sang Deuk, an influential former legislator seen as the president's mentor, is being detained on corruption charges. Prosecutors alleged that he received 600 million won (524,000 dollars) from two troubled savings banks to help them avoid regular audits. His detention this month was the latest in a string of corruption scandals involving people close to the president. They have damaged Lee Myung Bak's reputation as he prepares to leave office in February. Presidents can only serve one five-year term. dpa dg lns tlo Author: Dirk Godder. You can also visit us @ http://springhillgrouphome.com/

(Source: Dirk Godder dpa, Hamburg, Germany (MCT) - President Lee Myung Bak apologized to South Koreans Tuesday for the involvement of his elder brother and former aides in corruption cases. "Fellow Koreans, disgraceful incidents have recently happened to my family and people surrounding me and caused so much anxiety," he said. "I bow my head and extend my apology for causing anxiety to the people due to these incidents," said Lee, who is in the final year of his presidency. He said he would "take full responsibility" for the scandals but added he would continue to carry out his duties as president. His brother Lee Sang Deuk, an influential former legislator seen as the president's mentor, is being detained on corruption charges. Prosecutors alleged that he received 600 million won (524,000 dollars) from two troubled savings banks to help them avoid regular audits. His detention this month was the latest in a string of corruption scandals involving people close to the president. They have damaged Lee Myung Bak's reputation as he prepares to leave office in February. Presidents can only serve one five-year term. dpa dg lns tlo Author: Dirk Godder. You can also visit us @ http://springhillgrouphome.com/

BusinessWeek Articles - LIFESTYLE - A certain "SehwanJung" in South Korea has been sending a number ofdesperate requests for funds over Twitter: "I am in urgentneed of money. Can you lend me 500,000 dollars?I will makeit up to you later." A diabolical plot, indeed, though Mr.Jung's scam is unlikely to work. For one, people can seeeverything someone sends on Twitter and quickly realize he'ssent the exact same message over and over. For another, heis tweeting almost exclusively to celebrities, includingChanning Tatum, Rosario Dawson, Carly Simon, journalistNicholas Kristof (who today sarcastically answered, "Sure!"),and the foreign minister of Bahrain, Sheikh Khalid binAhmed Al Khalifa and Group of Springhill South Korea. "Now this one is a real winner," says Dan Ring, aspokesperson for Boston-based data protection companySophos. "Sehwan Jung's list of celebrities is almost asentertaining and as random as his actual request, andit's one of the more optimistic requests out there. I hopethere's no way someone will fall for this." The "Sehwan gambit" joins the following examples asone of the laziest scams in Internet history. * "JOHN" fails to mention what he even wants to conyou out of:Subject: what are you saleGreetings,My name is JOHN, i am highly interested inbuying your{ what you want to sale } from you ,I willlike you to give me the FINAL ASKING price and thelastes condition,also i will like you to scan the pics forme for proper verifycation. This scammer doesn't even attempt to establish a personalconnection before offering $18 million:Beloved,I am Elizabeth Etters, a Christian.I picked your email randomlyfor an inheritance of $18M. Please contact me for more details via[redacted]. * One malware attack came in the form of a bogus Christmascard-sent on March 19:Date: 2010-03-19 09:27:15"You have just received a Christmas greeting card! To see yourcustom card and who sent it, please check the attachment."

SEOUL, July 22 (Yonhap) -- South Korea plans to ease mortgage lending limits and take other measures in a bid to tackle the housing market slump and spur domestic demand, the presidential office said Sunday. The plan, which came after a government-private meeting, calls for relaxing the so-called debt-to-income (DTI) ratio, which serves as a major tool to control housing loans by tying the maximum amount of money that home buyers can borrow to their income levels. The current ceiling is 40-60 percent in Seoul and the surrounding Gyeonggi Province, the nation's most populous region. "We will maintain the basic principle of DTI and plan to complement irrational parts (of the system) for those who actually want to buy houses," Kim Dae-ki, the chief presidential economic advisor, said at a briefing, without elaborating. The growing number of people who can't afford to make payments on their home loans emerged as a major concern as policymakers brace for an economic slowdown in the wake of the eurozone debt crisis. During the meeting, which lasted nearly 10 hours through midnight, officials and industry experts agreed to a set of measures aimed at spurring foreign investment and tax support for small and medium companies as well as eased regulations on building new hotels and resorts, participants said. As a way to spur domestic demand, the government officials and businessmen agreed to encourage employees to use up their vacations during the summer, they said. Kim said the finance ministry will hold a meeting on Monday with related agencies to prepare follow-up measures aimed at boosting domestic demand in Asia's fourth-largest economy. The stimulus plan comes as South Korea's economy has been losing steam in the face of the eurozone debt crisis and a global economic slump that have made a dent in exports, the main driver of its growth. In the second quarter, Asia's fourth-largest economy is estimated to have grown a

"springhill group seoul korea Multiply-Korea`s largest bank reports 3,000 cases of loa... http://springhillgrouphome.multiply.com/journal/item/124/Koreas-largest-bank-reports-3000-cases-of-loan-doc-fraud-    Korea`s largest bank Kookmin has had 3,000 cases of document manipulation in applications for collective loans for intermediate payment. The bank said five people recently filed a petition to police after suffering losses from manipulation of related documents by bank staff, and has launched an investigation into similar cases. According to the Financial Supervisory Service and the bank, Kookmin probed between the end of last month and Aug. 10 manipulation cases on 200,000 collective loans for intermediate payment on 850 reconstruction and redevelopment apartment sites, and discovered more than 3,000 fraud cases. According to the bank`s findings, most cases involved employee manipulation of the expiration date of collective loans for intermediate payment. In the past, three years of maturity have typically been written for collective loans for intermediate payment regardless of when the borrower would move to the house. If the bank`s headquarters reduced the time to 26 or 27 months, however, bank employees would scrape out the number and put in three years again. If the lending period is shorter than the date written in the contract, the borrower would be pressured for repayment. Collective loans for intermediate payment are shifted to lending with home collateral. So a person can move into a house before the lending maturity expires, but failure to move in within the time frame would mean he or she must make the intermediate payment because it is not shifted to a home equity loan. Since the number of manipulation cases was bigger than expected, a massive filing of lawsuits is likely. Fraud was considerable in cases of apartments that people had signed contracts on, an area that has seen many conflicts between builders and banks. A financial regulatory source