Assembly audit kicks off with bitter clashes

This year’s annual National Assembly audit kicked off Monday with the rival parties locking horns over a slew of legal issues surrounding Democratic Party of Korea Chair Rep. Lee Jae-myung and multiple allegations against first lady Kim Keon Hee. Seventeen parliamentary standing committees will audit a total of 802 government institutions over 26 days. Ten of the 17 standing committees were scheduled to hold hearings Monday, including the Legislation and Judiciary Committee, the Foreign Af

Oct. 7, 2024

Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties

MANILA, Philippines -- President Yoon Suk Yeol and his Philippines counterpart Ferdinand Marcos Jr. agreed on South Korea's greater participation in the Southeast Asian country's bid to boost military readiness, build infrastructure and introduce nuclear energy, according to Yoon's office on Monday. During the bilateral meeting of Yoon and Marcos, Seoul and Manila elevated their ties to a Strategic Partnership. The declaration will "open a new chapter of our partnership,"

Oct. 7, 2024

[Bills in Focus] Protecting small retailers, boosting recycling

Proposed Bill: Partial Amendment to the Income Tax Act Proposed by Rep. Lim Kwang-hyun (Democratic Party of Korea) ● To prevent a contraction in the domestic stock market with the implementation of the financial investment income tax in 2025, this amendment proposes increasing the basic deduction for financial investment income tax from 50 million won ($37,200) to 100 million won. Proposed Bill: Partial Amendment to the Distribution Industry Development Act Proposed by Rep. Oh Sae-hee (Democra

Oct. 7, 2024

Yoon's approval rating remains below 30% for 2nd straight week: Realmeter poll

President Yoon Suk Yeol's approval rating inched up to 27.9 percent from a week earlier but remained below the 30 percent mark for the second consecutive week, a survey showed Monday. According to the survey by Realmeter and commissioned by a local news outlet, the positive assessment of Yoon's performance rose 2.1 percentage points from the previous week, when it recorded the lowest level in Realmeter surveys since he took office in 2022. The negative assessment of Yoon fell 2.7 perce

Oct. 7, 2024

Parliamentary inspection of govt., state agencies to kick off for 26-day run

The National Assembly is set to kick off its annual inspection of the government and state agencies Monday for a 26-day run. On the first day of the audit, 10 of the Assembly's 17 standing committees will hold inspection hearings to scrutinize the management of the central and regional governments as well as their agencies. The Legislation and Judiciary Committee, the Foreign Affairs and Unification Committee and the Public Administration and Security Committee will be among the 10 committe

Oct. 7, 2024

Yoon honors veterans of Korean War in trip to Philippines

President Yoon Suk Yeol began his state visit to the Philippines on Sunday by honoring fallen soldiers who fought in the 1950-53 Korean War and meeting with Korean nationals in the nation. Yoon visited the Korean War Memorial Pylon at the Heroes' Cemetery in Manila with first lady Kim Keon Hee on the first day of his two-day trip focused on strengthening economic and security ties. "South Korea and the Philippines have maintained close, friendly relations, and the Philippines was the first

Oct. 7, 2024

First lady’s Dior bag scandal to be at center of Assembly audit

The wife of President Yoon Suk Yeol could once again take center stage during the yearly National Assembly audit over high-profile allegations that first surfaced late last year that she received a Dior bag during an encounter with a pastor in late 2022. The Democratic Party of Korea has warned it would make “the Dior bag scandal” and other allegations involving first lady Kim Keon Hee the main theme of its audit efforts. The main opposition floor leader Rep. Park Chan-dae said in a

Oct. 6, 2024

Yoon set for talks with Marcos in Philippines

MANILA, The Philippines -- President Yoon Suk Yeol on Sunday arrived in the Philippines for a state visit, as part of a weeklong trip to three Southeast Asian countries that will culminate in the ASEAN summit later this week. Yoon is the first South Korean leader to make a state visit to the Philippines in 13 years. Upon arrival at Manila, the Philippine capital, Yoon attended a wreath-laying ceremony at the Korean War Memorial Pylon at the Heroes' Cemetery in Manila, in memory of the 112 F

Oct. 6, 2024

PPP urges swift ratification of new S. Korea-US defense cost deal

The ruling People Power Party on Saturday called for efforts by the opposition-controlled National Assembly to swiftly ratify a new defense cost-sharing deal between South Korea and the United States. Seoul and Washington inked the five-year deal, named the Special Measures Agreement, on Wednesday, about a month before the US presidential election to be held Nov. 5. Under the agreement, South Korea will pay 1.52 trillion won ($1.14 billion) in 2026, up 8.3 percent from the previous year, for the

Oct. 5, 2024

Special counsel bill to probe first lady scrapped

The three bills blocked by President Yoon Suk Yeol, including one for a special investigation into first lady Kim Keon Hee, were scrapped Friday after failing to get the National Assembly votes required to override Yoon's veto. The bills were voted on for a second time during an afternoon plenary session, but neither got the two-thirds majority support needed to force them through. The bill for a special counsel investigation into the first lady, passed by the Assembly on Sept. 19, is an up

Oct. 4, 2024

Main opposition leadership to decide on postponement of financial income tax

The main opposition Democratic Party of Korea on Friday decided to let its leadership make the final decision on whether to postpone the adoption of the financial investment income tax, which is set to take effect on Jan. 1. The decision made during a general meeting of party lawmakers in the morning, comes as the ruling People Power Party has been calling for the Democratic Party, which currently holds the majority of seats in the 300-member Assembly, to agree on the abolition or a postponement

Oct. 4, 2024

Samsung, Hyundai chiefs to accompany Yoon on Singapore trip

A group of business leaders, including Samsung Electronics Co. Chairman Lee Jae-yong and Hyundai Motor Group Chairman Euisun Chung, will accompany President Yoon Suk Yeol on his visit to Singapore next week, industry sources said Thursday. Yoon is set to embark on a three-nation trip on Sunday to visit the Philippines, Singapore and Laos to attend the summit of the Association of Southeast Asian Nations and hold bilateral talks, according to his office. In Singapore, Lee is expected to attend a

Oct. 3, 2024

Yoon aims to elevate ties on Southeast Asian trip

President Yoon Suk Yeol is poised to visit Laos for the South Korea-ASEAN summit in Vientiane, Laos, on Oct. 10, with both sides working to upgrade ties to a Comprehensive Strategic Partnership, the highest level in ASEAN's diplomatic hierarchy. Laos will be one of the three Southeast Asian nations Yoon plans to visit next week, along with the Philippines and Singapore. This year's summit between South Korea and the Association of Southeast Asian Nations will mark a watershed moment, K

Oct. 3, 2024

Ex-presidential official’s leaked phone call rattles conservative bloc

In a startling revelation, a leaked phone conversation in which a former presidential official urged a YouTube news channel reporter to discredit the current leader of the ruling People Power Party during the party's leadership race has alarmed the conservative bloc in recent days. Voice of Seoul, a far-left YouTube-based news channel, recently uploaded an apparent recording of a phone conversation between Kim Dae-nam, formerly the acting secretary for public communication at the presidenti

Oct. 3, 2024

PM vows to complete medical reform

Prime Minister Han Duck-soo vowed Thursday to complete a medical reform, saying the reform drive is an essential choice to ensure the safety of people and protect future generations. Han made the remark at a ceremony commemorating National Foundation Day, although the monthslong walkout by trainee doctors against the government's medical reform has showed little signs of progress to resolve the standoff. "We will surely complete essential medical reform to protect the lives and safety

Oct. 3, 2024

S. Korean, US officials tout 'ironclad,' 'unwavering' alliance at Korean national day event

South Korean and US officials on Wednesday expressed strong confidence over the present and future of the two countries' evolving alliance, calling it "ironclad" and "unwavering," as they celebrated the Korean National Day and Armed Forces Day in Washington on Wednesday. Their paean for the decadesold alliance came as Seoul and Washington have been stepping up security cooperation amid a series of regional and global security challenges, including North Korea's evol

Oct. 3, 2024

Yoon, Ishiba to have summit in Laos next week: NHK

New Japanese Prime Minister Shigeru Ishiba plans to have his first summit with South Korean President Yoon Suk Yeol on the margins of annual regional gatherings in Laos next week, Japan's broadcaster NHK reported Thursday. The two leaders will have their first in-person meeting since Ishiba took office on Tuesday, the Japanese public broadcaster said, as both plan to participate in a series of meetings involving the 10-member Association of Southeast Asian Nations (ASEAN) in Laos. The plann

Oct. 3, 2024

Prosecution closes 'Dior bag' case amid opposition uproar

The prosecution on Wednesday closed its high-profile case concerning the first lady's alleged acceptance of a luxury handbag caught on a hidden camera, despite the outcry of the opposition parties, accusing the law enforcement agency of surrendering to power. The Seoul Central District Prosecutors' Office announced Wednesday that it will not charge the giver nor the taker of the expensive gifts amounting to 5 million won ($3,800) combined, including a Christian Dior handbag valued at 3

Oct. 2, 2024

Russian ambassador hopes for improved ties with Seoul

Georgy Zinoviev, the Russian ambassador in Seoul, told South Korean lawmakers on Wednesday that although the relations between the two countries were going through a difficult time, he believed they would improve in the future. “I would like to take this opportunity to say that even though South Korea and Russia are going through a rough patch at this moment, I believe there is still a lot of potential for expanding cooperation and resuming dialogue in the future,” he said, speaking

Oct. 2, 2024

Yoon vetoes three bills, including special probe targeting first lady

President Yoon Suk Yeol on Wednesday endorsed Cabinet motions demanding parliamentary reconsideration of three opposition-led bills, including one calling for a special counsel probe into first lady Kim Keon Hee's allegations. It marked the 11th time that Yoon has exercised his veto power since taking office in May 2022, and a total of 24 bills have been rejected amid ongoing tensions between the opposition-controlled National Assembly and Yoon. The most disputed bill calls for an independe

Oct. 2, 2024