S. Korea holds send-off ceremony for U.N. mission to South Sudan

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S. Korean official says FTA with China may need more time

A senior South Korean official said Thursday that the country's ongoing negotiations with China for a bilateral free trade agreement (FTA) may require more time, adding the country is more concerned about what the FTA will look like than when it is signed."Our basic stance is that when the...

Updated : 2014.10.23 16:44

Park calls on businesses to make bold investments

President Park Geun-hye on Thursday called on businesses, especially conglomerates, to make bold investments to help bolster the slowing economy amid growing difficulties at home and abroad.Park made the appeal during the groundbreaking ceremony of a large science park dedicated to researc...

Updated : 2014.10.23 16:36

Ruling party mulls 'no-work, no-pay' system

The ruling Saenuri Party will consider applying the "no-work, no-pay" principle to legislators in a bid to meet public demands for political reform, a party lawmaker said Thursday.The measure calls for cutting off the salaries of legislators when they are unable to work, such as when they ...

Updated : 2014.10.23 10:28

[Newsmaker] Park, Saenuri at odds over constitutional revision

Conflict between President Park Geun-hye and her party has escalated, with Cheong Wa Dae publicly firing back at the party chief, after he attempted to open a discussion on constitutional revision.On ...

Updated : 2014.10.22 20:10

Cheong Wa Dae pushes for public sector pension reform

Reforming the civil servants’ pension system has become a latest hot topic in Korean politics, with Cheong Wa Dae showing unusual fervor in pushing the issue. The issue took the center stage, seemingly out of the blue last week, when the National Assembly was swamped in the rushed parliam...

Updated : 2014.10.22 20:06

NPAD slams Park over constitutional reform

The interim leader of the main opposition party on Wednesday criticized President Park Geun-hye’s resistance to constitutional reform, calling her stance undemocratic.New Politics Alliance for Democr...

Updated : 2014.10.22 20:03

Park fights back against ruling party chief

A conflict between President Park Geun-hye and her party is likely to become amplified with Cheong Wa Dae publicly firing back at the party chief, who attempted to open a discussion on constitutional revision.On Tuesday afternoon, a high-ranking official at Cheong Wa Dae criticized Saenuri...

Updated : 2014.10.22 14:43

Opposition chief criticizes presidential office over constitutional debate

The chief of South Korea's main opposition party on Wednesday criticized the presidential office for its alleged interference in a possible constitutional revision.Moon Hee-sang, interim leader of the New Politics Alliance for Democracy, said the presidential official should not give a gui...

Updated : 2014.10.22 12:24

Park, Xi to hold summit at APEC next month

President Park Geun-hye will hold a bilateral summit with her Chinese counterpart Xi Jinping on sidelines of the Asia-Pacific Economic Cooperation to be hosted by Beijing next month. The summit plan w...

Updated : 2014.10.21 21:05

[Graphic News] Unified Korea’s per-capita GDP to $70,000 in 2050: study

The gross domestic product per capita of a unified Korea would reach $73,747 in 2050, the second-highest GDP figure among G20 countries, according to a projection made on Monday.Professor Kim Byung-ye...

Updated : 2014.10.21 20:56

NPAD criticizes finance minister for role in Lee’s ‘resource diplomacy’

Opposition lawmakers stepped up their criticism Tuesday against Finance Minister Choi Kyung-hwan for allegedly playing a key role in a policy that has increased public debt by trillions of won.Choi served in the Lee Mung-bak administration as the minister of knowledge economy, a post that ...

Updated : 2014.10.21 20:53

Floor leaders agree on Assembly schedule

Floor leaders of the main parties on Tuesday agreed on a tight parliamentary schedule.The timetable must be executed in a timely fashion to avoid a budget fracas similar to last year’s when lawmakers passed the 2014 budget minutes into the New Year.According to the agreements, Rep. Lee Wa...

Updated : 2014.10.21 20:50

Time away boosts ratings for Ahn

Former main opposition cochairman Rep. Ahn Cheol-soo’s approval ratings appear to be rising despite stepping back from the center of power. According to a survey conducted by Realmeter, Ahn’s rating...

Updated : 2014.10.21 20:49

Parties to launch task force on public safety

Rival political parties agreed Tuesday to launch a task force to tackle public safety issues in the wake of last week's deadly accident at a pop concert that left more than two dozen people killed or injured.Sixteen people were confirmed dead and 11 others seriously injured after a ventila...

Updated : 2014.10.21 17:32

[Newsmaker] Concert accident refocuses parties on safety

Public safety has once again gripped the National Assembly with the recent ventilation shaft accident making the ruling and opposition parties hone in on related issues.On Friday, grates covering a ve...

Updated : 2014.10.20 21:26