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751.69Kosdaq · Oct 23 close · down 1.62% on the day
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Politics · JudiciaryPress ✓ 5 outlets · Supreme Court’s ruling and its timing unconfirmed

Seoul Mayor Oh Se-hoon acquitted on appeal in ‘Myung Tae-kyun poll payment’ case… first-trial fine overturned

Seoul High Court Criminal Division 7 does not accept the credibility of Myung Tae-kyun’s statements… special counsel: “We will file a final appeal to set this right”

Criminal Division 7 of the Seoul High Court (presiding judge Koo Hoe-geun) acquitted Seoul Mayor Oh Se-hoon on the 23rd at the sentencing hearing of his appellate trial on charges of violating the Political Funds Act. Oh was indicted on suspicion that, during the 2021 Seoul mayoral by-election race, he commissioned opinion polls from the political broker Myung Tae-kyun and asked his supporter Kim Han-jeong to pay for them in his place. In July the first trial sentenced Oh to a fine of 10 million won, an office-forfeiting sentence, but that was overturned on appeal, Yonhap and Dong-A Ilbo reported. According to Kyunghyang Shinmun, the court said, “It is hard to regard it as proven beyond reasonable doubt that Oh Se-hoon commissioned specific opinion polls from Myung Tae-kyun and paid money in return.” Dong-A Ilbo reported that the court explained that the only direct evidence on the key issue is Mr. Myung’s statements. The court said, “It is hard to believe Myung Tae-kyun’s statements as they stand,” and explained that to accept only some of his statements as credible and use them as evidence of guilt, there would have to be sufficient grounds or corroborating evidence backing up the rest, Dong-A Ilbo reported. Yonhap reported that the court also found that the scope and timing of the polls Oh supposedly commissioned could not be established.

Dong-A Ilbo reported that the written judgment contains a statement that during the 2021 by-election Mr. Myung said, “You must not bring a poll in which Oh Se-hoon comes first. That’s insolent,” and instructed that polls be manipulated to Oh’s disadvantage. Whereas the Kim Keon-hee special counsel (special counsel Min Joong-ki) indicted Oh on the view that Mr. Myung conducted polls at Oh’s request, the court judged that there were circumstances suggesting Myung’s side had instead doctored the results to Oh’s disadvantage. Korea Economic Daily reported that right after the ruling Oh, tearful, said, “I will work hard so as not to let down expectations,” and Yonhap reported that Oh expressed thanks to the Seoul citizens who believed in his innocence. Yonhap reported that the special counsel issued a statement saying, “We are disappointed. We will file a final appeal to set this right.” Dong-A Ilbo reported that if the appellate ruling is upheld as it stands by the Supreme Court, Oh will keep his post as mayor, and that the Supreme Court’s ruling is expected in early next year. Kyunghyang Shinmun reported that people in and around the Seoul city government are saying he has “effectively entered presidential-election mode.”

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Politics · SecurityPress ✓ 4 outlets · North Korea’s response unconfirmed

Defense Ministry again proposes inter-Korean military talks to confirm the border line and restore the military communication line

Kyunghyang Shinmun reported that on the 23rd the Ministry of National Defense said, “We formally propose to the North Korean authorities that the two Koreas’ military authorities hold talks to confirm each other’s understanding of the exact location of the ground Military Demarcation Line (MDL), restore the military communication line and discuss ways to prevent accidental clashes in border areas.” Yonhap and Korea Economic Daily carried breaking news that the ministry had again proposed inter-Korean military talks on the Military Demarcation Line, and Chosun Ilbo ran the same story under the headline ‘MDL inter-Korean military talks proposed.’ Yonhap reported that the ministry said trilateral talks including the UN Command are also possible if needed, and that it hopes North Korea will respond. In a photo caption, Kyunghyang Shinmun reported that on the same day North Korean soldiers could be seen working to fortify the border line, building tactical roads and barbed-wire fences, in the Gaepung County, Hwanghae Province, border area seen from Ganghwa County, Incheon. No report has confirmed that North Korea has responded to the proposal.

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Society · Public safetyPress ✓ 5 outlets · timetable for legislation unconfirmed

President Lee orders “war on violent crime”… life sentences without parole and Reassurance Patrol Teams pushed

Kyunghyang Shinmun reported that at the Government-wide Response Meeting on a Super-Safe Society held at Cheong Wa Dae on the 23rd, President Lee Jae-myung instructed, “We must draw up extraordinary measures with the resolve of declaring war on violent crime.” Chosun Ilbo and Korea Economic Daily reported that the contents of the meeting, released in a written briefing by Chief Press Secretary Kang Yu-jung that afternoon, included a plan to introduce a ‘life sentence without parole’ for heinous offenders. According to Chosun Ilbo, the National Police Agency said it will operate ‘offender separation facilities’ that first separate the perpetrator from the home when domestic violence occurs. Until now, the priority had been to have the victim leave to escape the violence. Joongang Economy News reported that Reassurance Patrol Teams and public transfer units are also being pursued, and Money Today reported on the president’s push for a life sentence without parole under the headline “Violent criminals out after 20 years?” In an editorial, Kyunghyang Shinmun pointed out that public anxiety has grown as crimes with no apparent motive and crimes within personal relationships continue day after day.

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Economy · MarketsPress ✓ 7 outlets · alternative funding unconfirmed

SK Hynix halts review of Solidigm listing… KOSPI opens in a plunge, then closes up 0.3%

Yonhap and Dong-A Ilbo reported that SK Hynix said in a filing on the 23rd that it is halting its review of a pre-IPO round and an initial public offering for Solidigm, its grandchild company. Dong-A Ilbo reported that the company explained, “We had been reviewing various funding options to expand production capacity and strengthen competitiveness, but decided to halt the review after weighing factors such as capital market conditions.” According to ZDNet Korea, the company said this was not because Solidigm’s growth potential or need for investment had changed; at the recent National Assembly audit, Financial Supervisory Service Governor Lee Chan-jin and Financial Services Commission Chairman Lee Eog-weon had said that a Solidigm listing would fall under the double listing rules. SBS reported that the halt came 79 days after news that a listing was being prepared surfaced last August. Dong-A Ilbo explained that Solidigm is a U.S. company set up in 2021 when SK Hynix acquired Intel’s NAND flash and SSD business for $9 billion (about 13 trillion won). According to Yonhap, the KOSPI opened the same day down 2.4% at 5,403 and swung between the 5,300 and 5,500 levels during the session, and Chosun Ilbo reported that it turned higher in the afternoon on the news of the halt and sector rotation into biotech. Seoul Shinmun reported that SK Hynix shares went from falling to rising more than 4% and that the KOSPI closed up 0.3%. Korea Economic Daily reported that the Kosdaq fell more than 1%.

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Science & Tech · SecurityPress ✓ 5 outlets · actual damage in Korea unconfirmed

Attacks began 4 days before PHP security flaw was disclosed… government raises cyber crisis alert to ‘Caution’

Chosun Ilbo reported that a critical security flaw that lets an attacker take over a server without logging in has been found in PHP, a programming language used on more than 70% of websites worldwide, putting governments on alert. According to Yonhap and Dong-A Ilbo, Amazon’s chief information security officer (CISO) CJ Moses said in a security blog post on the 21st (local time) that the company had already detected exploitation attempts on the 17th, four days before the flaw was officially disclosed and a fix distributed, and that attack attempts have since grown to millions. Dong-A Ilbo reported that at noon on the 22nd the Ministry of Science and ICT raised the private-sector cyber crisis alert by one level, from ‘Attention’ to ‘Caution,’ and the Korea Internet and Security Agency (KISA) activated its emergency response system. Kyunghyang Shinmun reported that the Ministry of the Interior and Safety sent official letters to local governments and public agencies guiding them to apply the security patch, and that a survey of the 217 information systems under its jurisdiction found none developed with PHP.

According to ZDNet Korea, People Power Party lawmaker Seo Cheon-ho asked at the Ministry of Science and ICT’s National Assembly audit on the 23rd when the government became aware of the PHP security threat and what action it is taking, and pointed out that about 80% of websites in Korea use PHP. Dong-A Ilbo reported that KISA turned out not to have a proper grasp of how PHP is used in public institutions. Yonhap reported that Deputy Prime Minister and Minister of Science and ICT Bae Kyung-hoon said at the National Assembly’s comprehensive audit on the 23rd that the government will draw up a cross-ministry comprehensive plan in response. Chosun Ilbo reported that no hacking damage has been reported so far, and that experts analyze that the threat may last for weeks or more but that using it in actual attacks is harder than expected.

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By the numbers
70%Share of websites worldwide that use PHP (Chosun Ilbo)
4 daysHow far before disclosure Amazon detected exploitation attempts (Yonhap)
217Information systems checked by the Interior Ministry (Kyunghyang Shinmun)
Seven minutes every morning, one front page

Unverified — what we could not confirm

The claim that the PHP flaw has already caused large-scale hacking damage Chosun Ilbo reported that no hacking damage has been reported so far. Yonhap, however, reported that Amazon detected exploitation attempts from four days before disclosure and that the attempts run to millions. Attempts and actual damage should be kept apart.
The reading that the Solidigm listing was halted because Solidigm’s growth has faltered According to ZDNet Korea, SK Hynix said it was not because Solidigm’s growth potential or need for investment had changed. Dong-A Ilbo reported that the company cited capital market conditions and share-price trends.
The claim that Mayor Oh Se-hoon’s acquittal on appeal ends the case entirely Yonhap reported that the special counsel said it would file a final appeal to set things right. Dong-A Ilbo reported that the Supreme Court’s ruling is expected in early next year and that if it is upheld then, he keeps his post as mayor.

Influencer watch

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Statements as posted, not fact-checked.

Glossary · dotted words — economics, law, security and science terms explained in the context of the story. The list grows every day.
INSIDESeoul Mayor Oh Se-hoon acquitted on appeal in ‘Myung Tae-kyun poll payment’ case… first-trial fine overturnedPolitics · JudiciaryDefense Ministry again proposes inter-Korean military talks to confirm the border line and restore the military communication linePolitics · SecurityPresident Lee orders “war on violent crime”… life sentences without parole and Reassurance Patrol Teams pushedSociety · Public safetySK Hynix halts review of Solidigm listing… KOSPI opens in a plunge, then closes up 0.3%Economy · MarketsAttacks began 4 days before PHP security flaw was disclosed… government raises cyber crisis alert to ‘Caution’Science & Tech · Security