Summary of inter-Korean news this week

NK weekly-inter-Korean news

Summary of inter-Korean news this week

SEOUL, Jan. 20 (Yonhap) -- The following is a summary of inter-Korean news this week.

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(LEAD) Court issues arrest warrant for ex-Ssangbangwool chief over corruption allegations

SUWON, South Korea -- A business tycoon who was nabbed in Thailand after months on the run was formally arrested Friday over high-profile corruption allegations.

The Suwon District Court issued an arrest warrant for Kim Seong-tae, former chairman of underwear maker Ssangbangwool Group. He is facing multiple charges, including embezzlement, bribery and the illegal transfer of cash to North Korea.

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