SK Group head gets four-year jail sentence

SEOUL: The head of South Korea's third largest conglomerate, the SK Group, was sentenced to four years in prison on Thursday after being convicted of embezzling close to $50 million.

The custodial sentence was seen as relatively tough in a country where convicted business tycoons are often given suspended prison terms in recognition of their apparent contribution to the national economy.

The court ruled that Chey Tae-Won, 53, had embezzled 49.7 billion won ($45.6 million) from two affiliates and funnelled the money into a firm for investments in stock futures and options in 2008.

The SK Group boss had remained free since he was indicted a year ago.

The energy-to-telecom conglomerate, which includes top mobile carrier SK Telecom, said Chey would appeal the verdict.

It was not Chey's first conviction.

In 2003 he was sentenced to three years in prison for his role in a $1.3 billion accounting fraud. He was released after just seven months and, in 2008, was finally granted a full presidential pardon, wiping his record clean.

It is not unusual for senior executives with convictions for crimes including tax evasion and embezzlement to remain in charge of South Korea's family-dominated conglomerates.

The Seoul Central District Court said in its statement that Chey had betrayed the public trust in his group.

"He should be reproached for using subsidiaries as a tool for his crime," it said.

Chey's younger brother and group vice chairman Chey Jae-Won was acquitted on charges that he was a knowing accomplice to the embezzlement.

South Korea has a long history of pardoning powerful tycoons.

Hyundai Motor head Chung Mong-Koo, who had been convicted of embezzlement and other charges, was pardoned in 2008, and Samsung Electronics chairman Lee Kun-Hee - convicted of tax evasion - was pardoned in 2009.

- AFP/de

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Ship stranded on reef to be cut

USS Guardian grounded on Philippine reef

USS Guardian grounded on Philippine reef

USS Guardian grounded on Philippine reef

USS Guardian grounded on Philippine reef

USS Guardian grounded on Philippine reef

USS Guardian grounded on Philippine reef

USS Guardian grounded on Philippine reef

USS Guardian grounded on Philippine reef

STORY HIGHLIGHTS

• U.S. minesweeper has been stuck off Philippines since January 17


• Attempts to float the ship at high tide failed


• Crews are removing fuel, hazardous materials, salvageable things


• Fragile reef hosts 500 fish species, 350 coral species

(CNN) -- A 224-foot-long U.S. warship will have to be cut into smaller pieces to get it off a Philippine reef where it grounded two weeks ago, Navy officials said Wednesday.

They said that's the only way to prevent further damage to the Tubbataha Reef, a Philippine national park and UNESCO World Heritage site, where the USS Guardian, an Avenger-class mine countermeasures ship, ran aground on January 17.

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Lt. Anthony Falvo, a U.S. Navy Pacific Fleet spokesman in Pearl Harbor, Hawaii, told CNN on Wednesday that Navy salvage experts are still formulating the details of how they'll cut up the 1,312-ton minesweeper.

Crews are now working to remove any hazardous materials from the vessel and will look to save anything that could still prove useful to the Navy. The ship's 15,000 gallons of diesel fuel were removed last week.

"We will strip it out beforehand. We'll work to salvage any parts that can be salvaged," Falvo said. Then the cutting will begin.

Illegal weapons seized from ship

Heavy-lift cranes are expected at the site of the grounding, about 80 miles (130 kilometers) east-southeast of Palawan Island in the Sulu Sea, in the next few days, Falvo said. The cranes will lift the pieces of the Guardian onto barges or other ships to be taken away.

Last week, the Navy said it hoped to lift the ship off the reef in its entirety. But Falvo said Wednesday that after reviewing all the alternatives, it was decided it would have to be cut up.

After it struck the reef, initial efforts to free the Guardian at high tide were unsuccessful. Its crew of 79 was evacuated to other vessels, and the ship was battered by waves that pushed it farther onto the reef, causing leaks in its wood-and-fiberglass hull.

"The ship cannot move on its own, and it is not operational," Rear Adm. Tom Carney said last week.

Stripping, cutting up and removing the Guardian from the reef could take more than a month, Falvo said Wednesday.

This isn't the first time the Navy has had to undertake such an operation, but it hasn't happened in more than 40 years. In August 1971, the supply ship USS Regulus grounded in Hong Kong harbor during Typhoon Rose, Falvo said. It took more than a month to cut that vessel up and remove it, he said. A similar operation was also conducted in 1916, he said.

As for what the loss of the Guardian, one of 14 Avenger class mine countermeasures ships in the Navy, means for the service, Falvo said it was too early to speculate. He pointed out that the vessel was in the 23rd year of its expected 30-year lifespan.

The ship cost about $61 million to build, Lt. Cmdr. James Stockman, a Navy spokesman, said last week.

As for other costs, Philippine officials said last week that the Philippines would seek compensation for damage to the reef. About 1,000 square meters (about 10,760 square feet) of it have been damaged.

"It's a damage to a world heritage site. It's a damage to our natural resources. It's a damage to an important site. We cannot but put emphasis on the importance of this reef as a heritage site," presidential spokesman Edwin Lacierda said.

Navy commander apologizes for grounding

The reef is home to a vast array of sea, air and land creatures, as well as sizable lagoons and two coral islands. About 500 species of fish and 350 species of coral can be found there, as can whales, dolphins, sharks, turtles and breeding seabirds, according to UNESCO.

The salvage operation must ensure that the reef sustains no further damage, Lacierda said.

Navy officials are still trying to determine how the Guardian ended up on the reef.

Stockman, the Navy spokesman, said last week that the U.S. National Geospatial-Intelligence Agency, which prepares the digital navigation charts used by the Navy, has reported the location of the reef was misplaced on a chart by nine miles.

"The U.S. Navy investigation will review what charts Guardian was using. While this erroneous navigation chart data is important information, no one should jump to conclusions," Stockman said. "It is critical that the U.S. Navy conduct a comprehensive investigation that assesses all the facts and circumstances surrounding the Guardian grounding."

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N.Y. Times: China hacked our computers for past four months

BEIJING The New York Times says Chinese hackers repeatedly penetrated its computer networks over the past four months, stealing reporters' passwords and hunting for files on an investigation into the wealth amassed by the family of one of China's leaders.

In a report released late Wednesday, the Times said security experts hired to plug the breach tracked the attacks to China, in some cases computers identified with the Chinese military.

The newspaper reports that, "After surreptitiously tracking the intruders to study their movements and help erect better defenses to block them, The Times and computer security experts have expelled the attackers and kept them from breaking back in."

The attacks coincided with a Times investigation into how the family and relatives of Premier Wen Jiabao built a fortune worth more than $2 billion. The report says no Times customer data was compromised but that the passwords for all employees were stolen.

The newspaper adds, "The hackers tried to cloak the source of the attacks on The Times by first penetrating computers at United States universities and routing the attacks through them, said computer security experts at Mandiant, the company hired by The Times. This matches the subterfuge used in many other attacks that Mandiant has tracked to China."

Security experts say China carries out a widespread cyber-spying operation to steal secrets and intimidate critics.

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No Device Eliminates Concussion Risk, Experts Say

As the long-term consequences of concussions become clearer, a cottage industry has popped up to sell athletes and worried parents products designed to mitigate risks of concussions that even helmets cannot prevent.

Despite the bold claims of some companies, however, many experts say the Holy Grail in contact sports -- a device that prevents concussions -- simply does not exist. Indeed, experts say, there is no proof that any current device significantly reduces the risk of concussions beyond the protections already provided by helmets.

"Nightline" found several products for sale online that aim to reduce the risk of concussions or even alert parents and coaches when a kid has supposedly taken a concussion-level hit. The claims the manufacturers make are often breathtakingly reassuring.

Concern about the risk of concussion is mounting at every level of the gridiron from the NFL to colleges and even high schools. Concussions are the most common injury among high school football players.

Jennifer Branin, whose son Tyler Branin is one of the stars of the Woodbridge Warriors high school football team in Irvine, Calif., said "it was scary" the first time he had a concussion.

"He had lost his balance on the field," she said. "He got up and tried to continue, but couldn't keep his balance."

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She said the effects of the concussion lingered, causing Tyler to miss a week of school and football practice. Even months later, he complained of difficulty concentrating in class.

Parents such as Jennifer Branin, who is president of the team's booster club, and her husband, Andy Branin, a former college football player himself, were looking for a way to support their son's desire to play football while also keeping him safe.

"He wants to play and, as a mom, you may want to put bubble-wrap around them and protect them forever, but that's not going to happen," she said.

So Jennifer Branin decided to do something. She raised money to buy the team helmet inserts by Unequal Technologies for added protection.

Unequal Technologies, one of the highest profile players in this new market, described its product explicitly on the box as "Concussion Reduction Technology," or "CRT." It is a strip of composite material including bullet-proof Kevlar that is designed to stick inside the helmet as a liner to the existing helmet pads.

Unequal Technologies uses its material in products ranging from padded sleeves to shin guards. The company counts NFL players and X-Games athletes among its fans.

On board as paid spokesmen are Philadelphia Eagles quarterback Michael Vick and James Harrison, a linebacker for the Pittsburgh Steelers. Harrison is one of the hardest-hitting guys in the NFL and said he uses Unequal Technology's liners in his helmet.

"I don't know what it's made of but it works," Harrison says in one of Unequal's promotional videos. "I really don't feel like I'm taking a risk."

Vick wasn't wearing the CRT product when he suffered a season-ending concussion in November, but he has since promised that he will be wearing it when he returns to the field next season.

Rob Vito, founder and CEO of the Kennett Square, Pa.-based company, said he worked with scientists to create a military-grade composite material that can help protect athletes from all kinds of injuries from head to toe.

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The 10,000-year bender: Why humans love a tipple

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S'pore moves up to 2nd spot in trust survey

SINGAPORE: Singapore has moved up to the number two spot for the most trusting nation in the world, according to the 2013 Edelman Trust Barometer. It was third in 2012 and seventh in 2011.

Edelman, which measured levels of trust in institutions in 26 countries worldwide, said on Wednesday that Singapore's total trust score rose by nine points and is three points more than the global average increase.

Trust levels rose across three of the four institutions measured -- business (up 11 points), non-governmental organisations (up 11 points) and government (up 9 points).

At 82 per cent, trust in Singapore government recovered to approach the 2010 high of 84 per cent.

Trust levels in the media remained stable and high.

Edelman said while the government and business fared well in the latest trust survey, there remains scepticism about trust in their leadership.

Only 19 per cent of Singaporeans in the general population trust business leaders to tell the truth, no matter how complex or unpopular it is. While trust in government leaders is higher than in business leaders, there remains room for improvement.

Edelman said the lack of trust in leaders, compared with the institutions they lead, is a trend in all the markets where trust was measured. This, it said, points to a common need to increase transparency at the leadership level.

-CNA/ac

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Child hostage drama in Ala. after gunman kills school bus driver

MIDLAND CITY, Ala. An unidentified man boarded a school bus, shot the driver several times, then escaped with a 6-year-old passenger, prompting an hours-long standoff with police that remained unresolved early Wednesday.

The Dale County Sheriff says the man shot the driver in Midland City on Tuesday after he refused to let the child off the bus. The driver later died of his wounds. His identity wasn't released.

The shooter took the child to an area behind a nearby church, and police were negotiating with him, authorities said.

Midland City police would not comment, and a call to the Dale City Sheriff's office was not answered Tuesday.

Authorities from multiple agencies were on the scene and nearby residents were evacuated from their homes as a precautionary measure, said Rachel David, a spokeswoman for the police department in the nearby town of Dothan.

"Authorities also confirmed the presence of a child at the scene but are giving no further information at this time," David said in a news release late Tuesday.

CBS Dothan, Ala. affiliate WTVY-TV reports the hostage is male and was being held in a storm shelter at the alleged gunman's home.

The station says the FBI has been called in, and area schools have cancelled Wednesday classes.

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Iran launches monkey into space

Lisa Grossman, physical sciences reporter

Last summer, the Iranian Space Agency announced their plan to send a monkey into space - and now they've apparently done it.

According to Iranian state-run television, a press release on the space agency's website, and photos of the event, Iran sent a live rhesus monkey into sub-orbital space aboard a small rocket called Pishgam, or Pioneer. There's even a video posted on YouTube that appears to be of the launch (though New Scientist could not confirm its authenticity).

The report has not been confirmed independently, however, and the US air force's North American Aerospace Defense Command (NORAD) has not reported seeing any missile launches from Iran.

But independent observers say the launch looks legitimate.

"Really, I see no reason not to take their word for it," says Jonathan McDowell, an astronomer at the Harvard-Smithsonian Center for Astrophysics who also keeps a log of space launches. He says he's convinced by the photos and discussions he's had with several knowledgeable source in online forums.

In photos released on the Iranian Space Agency's website, the rocket looks like the same kind the agency has launched before, but with a larger nose cone designed to fit a small chamber that can support life. Images also showed a live rhesus monkey strapped to a small seat.

The reports say the rocket went straight up 120 kilometres, which McDowell says qualifies as outer space, but not high enough to reach orbit, and came back down with a parachute.

It's unclear exactly when the launch took place. The press release says that the launch happened on the birthday of Mohammed the Prophet, which is celebrated by Shiites on 29 January, but was celebrated last week elsewhere in the world.

Some countries worry that Iranian rockets capable of carrying animals or people could also carry weapons. Iran has denied any military intention.

"This is not a scary thing because this is not a big new rocket that could hit America or anything like that," McDowell says. "There's nothing military to this. It's purely for propaganda. Nevertheless, it advances their science and their technology by being able to do it."

Iran says the launch is a first step towards sending humans into space, which they intend to do in the next 5 to 8 years. To do that, McDowell says, they'll need to build a larger rocket. The country currently has a vehicle called Safir that has successfully put satellites in orbit, and is developing a more powerful launcher called Simorgh.

The next step will probably be to either launch Safir to carry a human to sub-orbital space, or an unmanned Simorgh flight into orbit to make sure mission controllers can return it to the ground safely.

"They don't want to repeat what the Soviets did" in 1957, McDowell says, "which is put a living being in orbit before you figure out how to get it back."

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Infrastructure development to keep pace with population growth

SINGAPORE: The government is planning to build 700,000 new homes by 2030.

That is one of the long-term plans to support the projected increase in population which is expected to hit 6.9 million in about 20 years.

Some Singaporeans have observed that population growth in Singapore has outpaced infrastructure development in the last five years.

The government is now planning and investing in advance to accommodate a larger population.

Beyond just relieving strains on public transport and housing today are long-terms plans to ramp up infrastructure developments to support a population of up to six million in 2020 and then a population of up to 6.9 million in 2030.

There are already plans to add 800 buses over five years, and by 2030, to double of the rail network to 360 kilometres.

This means the addition of three new MRT lines and an extension of two existing lines over the next nine years.

Come 2030, there will be another two new lines and three extensions, allowing eight in 10 homes to be within a 10-minute walk from a train station.

To further alleviate the strain on public transport, more jobs will be located near residential areas, reducing the need to commute.

The White Paper has named Woodlands, Serangoon and Punggol as possible growth areas to create more space for businesses. It also said the Jurong Lake District, Paya Lebar Central and One-North will be expected to mature by then.

More healthcare facilities are also in the pipeline with three general hospitals, five community hospitals and two medical centres set to open between 2014 and 2020.

On the way too are 200,000 new homes which will be ready by 2016.

National Development Minister Khaw Boon Wan said even more land has been set aside to build another 500,000 homes until 2030.

Mr Khaw said: "I am very confident that we will be able to resolve this housing shortage very soon because once you say let's build a town, it takes more years. That's why I begin to publicise what are the number of housing units that will be coming on stream in 2014 and 2015. They are very big numbers and that is to assure Singaporeans that there are enough homes for you. Don't panic, don't need to worry.

"Practically for first timers or new family formations, the problem is actually largely resolved. There is some mismatch purely because of our balloting system. If you look at the figure, every year, (there is around 15,000) new family formations involving Singaporeans but I'm building 25,000 new units a year and we've been doing so. This is into the third year now. There are many more new units being formed than the number of new family formations.

"And effectively, what is happening is we are now meeting future demand because the fiance scheme is for couples who are not yet married. They are being rational. They are planning ahead so that hopefully when the key is received, they can also exchange rings, so that they time it properly, which is a good thing, which is something that we support."

Possible sites for these new homes include new towns in Bidadari, Tampines North and Tengah but some will also be built in mature estates, allowing children to stay close to their parents.

Mr Khaw said: "Wherever possible, where there are possible sites for development, we have to do so. And that is why sometimes, it is a bit painful for us to have to remove some trees, which I know many people are upset about. We are equally upset because I love trees. I'm a treehugger and we think many times before to chop down a tree or not to chop down a tree. But sometimes it can't be helped because of larger objectives, larger benefits."

Mr Khaw added that good urban planning to achieve a high quality of living is a top priority for the government.

He said: "Unlike other cities, they have hinterlands to go to. Thanks to former Prime Minister Lee Kuan Yew, he was already ahead of his time. When we talk about the terms you hear today - green, garden city, sustainable living, etc., he was really ahead of his time because he knew that this was the only way for us to survive because this is the only place we have. This is the only city, this is our home, and if it is polluted, dirty, crowded, congested, then what kind of a life will we get?"

There will be more green spaces and parks, and by 2030, at least 85 per cent of Singapore's households will live within 400 metres of a park.

The National Development Ministry is expected to release more details on land use plans this week.

- CNA/fa

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