Korean unit of Macquarie Funds Group censured for malpractice

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Budget bickering continues with 5 days to deadline

The two main parties partially resumed the budget review Thursday, but remained far off on key issues including the funding for state-run child care program. The ruling Saenuri Party and the main opposition New Politics Alliance for Democracy’s deputy floor leaders met and enabled the Sec...

Updated : 2014.11.27 21:35

Korean court sides with Congolese asylum-seeker

A Seoul court on Thursday granted refugee status to a Congolese man fleeing political persecution in his home country, where he served as a mid-level opposition party official.The man was tortured by pro-government authorities in the Democratic Republic of Congo for his political leanings...

Updated : 2014.11.27 21:32

Ex-vice minister tapped to head Kaesong complex committee

South Korea has picked a former vice unification minister to lead a civilian committee to support the operation of an inter-Korean industrial complex in North Korea, the ministry said Thursday.   Kim Nam-sik, who quit his job at the ministry earlier this month, will serve as chairman of...

Updated : 2014.11.27 17:26

Parties agree to discuss tobacco taxes amid budget row

Rival political parties agreed Thursday to immediately begin discussions on a government proposal to raise cigarette prices amid a parliamentary impasse over free child care services for young children.   The agreement came during a lunch meeting between the senior deputy floor leaders ...

Updated : 2014.11.27 17:26

Budget row continues with 5 days to deadline

The budget standoff continued to halt proceedings in the parliament although some progress was made on Thursday.The ruling Saenuri Party and the main opposition New Politics Alliance for Democracy’s deputy floor leaders met and enabled the Security and Public Administration Committee to r...

Updated : 2014.11.27 16:46

Park goes overboard in use of ‘scary’ metaphors

South Korean President Park Geun-hye used to say that a leader should deliver messages in a classy manner. But when she talks about her regulatory reform drive, her choice of words surprises many, eve...

Updated : 2014.11.27 16:36

Seoul's nuke envoy to visit Russia for talks on N.K. issues

South Korea's chief nuclear envoy plans to visit Russia next month to discuss the security situation on the Korean Peninsula and North Korea's nuclear program, Seoul's foreign ministry said Thursday.   Hwang Joon-kook, Seoul's top negotiator on the stalled six-party talks to denucleariz...

Updated : 2014.11.27 15:50

S. Korea, Japan resume talks on wartime sex slavery

South Korea and Japan held a fresh round of talks in Seoul on Thursday over Japan's sexual enslavement of Korean women during World War II, Seoul's foreign ministry said.   The fifth round of meetings on the wartime sex slavery issue drew particular attention, as it came after leaders o...

Updated : 2014.11.27 14:33

Opposition party mulls meeting with Park over budget row

The main opposition party could propose a meeting with President Park Geun-hye to seek a solution to the current parliamentary impasse over next year's government budget, a senior party official said Thursday.   The New Politics Alliance for Democracy (NPAD) declared a boycott of all pa...

Updated : 2014.11.27 10:40

Korea, H.K. to link up on creative economy

President Park Geun-hye and Hong Kong Chief Executive Leung Chun-ying discussed ways to promote cooperation on the creative economy, officials at Cheong Wa Dae said on Wednesday.“I heard that the chief executive is interested in promoting cooperation between South Korea’s (vision of a) c...

Updated : 2014.11.26 21:14

Unification minister urges passage of N. Korea human rights bill

South Korea's unification minister appealed to lawmakers Wednesday to pass a bill on North Korea's human rights abuse, citing the need for a legal basis for "systemic" efforts to address the problem.The legislation, if adopted, would give a ray of hope to North Korean people, said Ryoo Kih...

Updated : 2014.11.26 21:02

S. Korea, Hong Kong discuss cooperation in creative industry

South Korean President Park Geun-hye met with the chief executive of Hong Kong Wednesday and discussed ways to expand bilateral cooperation in the creative industry, Park's office said.  The visit by Chief Executive Leung Chun-ying comes as both South Korea and Hong Kong are seeking to d...

Updated : 2014.11.26 17:06

Opposition party boycotts parliament over budget row

The main opposition party declared a boycott of all parliamentary proceedings Wednesday as it accused the ruling party of backtracking on their agreement to fund free child care programs partly from state coffers.   On Tuesday, the ruling Saenuri Party and main opposition New Politics A...

Updated : 2014.11.26 13:31

Officials from Northeast Asia discuss nuclear safety

Government officials and civilian experts from Northeast Asian countries attended a forum in Seoul Wednesday to discuss ways to enhance nuclear safety in the region packed with atomic power plants.   The symposium called "Top Regulators' Meeting plus" brought together around 200 governm...

Updated : 2014.11.26 13:29

S. Korea, Hong Kong agree to boost cooperation in creative industries

South Korea and Hong Kong agreed Wednesday to promote bilateral cooperation in their creative industries, Seoul's culture ministry said.  Under the agreement, the two sides will push for various cooperative projects in their cultural and creative industries such as advertising, architect...

Updated : 2014.11.26 11:48