Top utility firm KEPCO seeks to sharply cut debts

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Park to replace unpopular chief of staff

President Park Geun-hye will replace her chief of staff Friday, her spokesman said, the latest in a series of reshuffles meant to start anew, following public backlash over a string of policy blunders...

Updated : 2015.02.27 09:36

Seoul, Prague declare strategic partnership

President Park Geun-hye on Thursday agreed with the Czech Republic Prime Minister Bohuslav Sobotka to raise the two countries’ relations to a strategic partnership.The two leaders released a joint de...

Updated : 2015.02.26 21:24

Park seeks to upgrade relations in Gulf

President Park Geun-hye’s trip to the Middle East next week is expected to bring fresh business opportunities for Korean builders and have a positive economic impact on the South Korean economy, whic...

Updated : 2015.02.26 21:15

Lawmakers question president’s welfare, tax policies

Lawmakers on Thursday grilled Cabinet officials on President Park Geun-hye’s embattled welfare and tax policies in an interpellation session at the National Assembly.Members of the governing Saenuri Party urged Prime Minister Lee Wan-koo and Finance Minister Choi Kyung-hwan to come up wit...

Updated : 2015.02.26 21:15

S. Korea to sell W7.65 tln in state debts in March

South Korea plans to sell state bonds worth 7.65 trillion won ($6.97 billion) in March, the Ministry of Strategy and Finance said Thursday.  According to the ministry, the government will sell 1.9 trillion won in three-year Treasurys, 1.9 trillion won in five-year debts and 2.05 trillion...

Updated : 2015.02.26 18:05

Ex-President Lee accused of alleged election meddling

Two progressive civic groups asked the prosecution Thursday to investigate former President Lee Myung-bak about his alleged role in the state agencies' meddling in the 2012 presidential election.   In the complaint filed with the Seoul Central District Prosecutors' Office, the Lawyers fo...

Updated : 2015.02.26 15:09

Seoul mayor, ruling party head spar over pension reform

The Seoul mayor and the leader of the ruling Saenuri Party clashed Thursday over the conservative bloc's widening push to overhaul the country's public servant pension system.  The sparring between liberal-minded Mayor Park Won-soon and Saenuri Party Chairman Kim Moo-sung erupted as Kim ...

Updated : 2015.02.26 14:23

Prominent female lawmaker elected chief of parliamentary foreign affairs committee

A three-term female lawmaker of the ruling party was elected chair of the parliamentary foreign affairs committee Thursday, becoming the first woman in South Korea to hold the job.  Rep. Na Kyung-won, 51, was elected with 176 out of 208 votes during a plenary session after President Park...

Updated : 2015.02.26 14:08

Trade ministry rejects ex-president's claim on U.S. beef imports: lawmaker

South Korea's trade ministry denied a former president's claim that U.S. beef imports resumed in 2008 following a secret agreement between his predecessor and Washington, an opposition lawmaker said Thursday.  Rep. Baek Jae-hyun of the main opposition New Politics Alliance for Democracy ...

Updated : 2015.02.26 11:28

Saenuri to take lead in Park’s reform drive

Representatives of the government, the presidential office and the governing party agreed to have Saenuri Party take a lead role in pushing ahead with President Park Geun-hye’s economic reform drive ...

Updated : 2015.02.25 19:18

NPAD leader vows support for N.K. human rights bill

South Korea’s main opposition party leader on Wednesday reiterated support for a bill aiming to curb human rights violations in North Korea.The comments by Rep. Moon Jae-in of the New Politics Alliance for Democracy appear to be an effort to attract centrist and right-leaning voters criti...

Updated : 2015.02.25 19:15

PM says showy leaflet launches improper

South Korea's prime minister said Wednesday that the controversial civic campaign to send anti-Pyongyang leaflets into the communist country is improper if it is carried out in a showy manner.  Local right-wing activists often launch such campaigns after publicly announcing their plans b...

Updated : 2015.02.25 18:25

Park regressed on human rights: Amnesty Int'l

The second year of President Park Geun-hye's administration showed a regressive trend in the realization of human rights, Amnesty International said Wednesday.  In its annual report, the global human rights group said various concerns surfaced, including barriers to the freedom of assemb...

Updated : 2015.02.25 16:12

Park launches third year in office

President Park Geun-hye kicked off her third year in office Wednesday by holding a meeting with presidential staff and calling for more efforts to achieve economic reform and inter-Korean unification....

Updated : 2015.02.25 13:32

P.M. pledges to sack wayward ministers

Prime Minister Lee Wan-koo on Tuesday unveiled his personnel policy of stern disciplinary measures against high-profile officials who are negligent in their duties or implicated in irregularities. At ...

Updated : 2015.02.24 20:45