Leaders of S. Korea, New Zealand vow to elevate ties

The leaders of South Korea and New Zealand on Wednesday agreed to enhance security cooperation and pledged to elevate bilateral relations to a "comprehensive strategic partnership" by expanding collaboration in trade, investment, security and technology, according to the office of President Yoon Suk Yeol. Condemning the growing threat posed by military exchanges between North Korea and Russia as well as Pyongyang's nuclear development program, Yoon and New Zealand's Prime Min

Sept. 4, 2024

Yoon administration proposes 1st hike in pension charges in 27 years to slow fund depletion

The South Korean government on Wednesday laid out plans to raise the mandatory national pension contribution rate by 4 percentage points from the current 9 to 13 percent starting next year, with the intention of extending the life span of the state-sponsored public retirement pension scheme by at least 16 years. This reform plan comes as the national postretirement fund's financial viability remains doubtful, with the country suffering from the double whammy of low birth rates and an aging

Sept. 4, 2024

DP proposes special counsel probe bill on Marine's death for 4th time; PPP unlikely to accept

The main opposition Democratic Party has proposed a bill mandating a special counsel recommended by the Supreme Court chief justice investigate the military's response to a Marine's death last year. The bill, proposed Tuesday, mandates that the chief justice recommend four candidates to the special counsel. They will be narrowed down by the opposition parties to two, from which the president will make the final appointment. The special counsel will be tasked with looking into allegatio

Sept. 4, 2024

Democratic Party fans claims Yoon is planning martial rule

The Democratic Party of Korea continues to fuel unsupported claims that President Yoon Suk Yeol is trying to declare martial law nationwide with his recent shake-up of the defense leadership. Democratic Party lawmakers, including the party’s chair Rep. Lee Jae-myung, have repeatedly raised suspicions that Yoon is preparing to establish martial law in South Korea, claiming to have “sources.” The main opposition party claims that Yoon nominated his close ally Kim Yong-hyun -- ret

Sept. 3, 2024

Outgoing Japanese PM to visit Seoul on Friday

President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida will hold talks during Kishida's two-day visit to South Korea from Friday, in what would be his final one-on-one with Yoon before his planned departure from his post, the presidential office announced Tuesday. Yoon's office said in a note to reporters that the talks will highlight the past achievements through bilateral cooperation and ways to boost ties between the two East Asian countries in bilateral, regional and int

Sept. 3, 2024

Oct. 1 Armed Forces Day designated as temporary holiday

Armed Forces Day, which is celebrated annually on Oct. 1 to honor the country’s military, has been designated by the government as a temporary holiday this year to boost awareness of the new security challenges on the Korean Peninsula, officials said Tuesday. In the afternoon, President Yoon Suk Yeol approved the Cabinet's decision in the morning to pass the motion to designate Oct. 1 as a temporary holiday, according to the presidential office. "Oct. 1 is when (UN troops) crosse

Sept. 3, 2024

President Yoon, IEA's Birol discuss global clean energy collaboration

President Yoon Suk Yeol met with Fatih Birol, the chief of the International Energy Agency (IEA), on Monday, the president's office said, expressing gratitude for the agency's support of Seoul's Carbon-Free Energy (CFE) initiative. In September, Yoon introduced the CFE initiative during his keynote speech at the U.N. General Assembly, focusing on achieving carbon neutrality by leveraging carbon-free energy sources. Yoon acknowledged Birol's leadership and efforts to promote t

Sept. 2, 2024

Assembly holds opening ceremony 96 days late

The National Assembly on Monday held its opening ceremony nearly 100 days after the members of the new parliament began working and with the incumbent president skipping the event for the first time since South Korea ended decades of military dictatorship in 1987. President Yoon Suk Yeol’s decision to skip the Assembly’s ceremony, where it had been customary for the president to give a congratulatory speech since 1987, followed hearings held by the parliamentary judiciary committee i

Sept. 2, 2024

Yoon's popularity falls to 2-year low amid medical standoff

President Yoon Suk Yeol's job approval rating has sunk to its lowest depths in about two years, amid a lingering standoff between medical circles and the government that has sapped public trust in his medical reform push. According to South Korean pollster Realmeter on Monday, Yoon's job approval rating dropped to 29.6 percent in the fifth week of August, down 0.4 percentage point from the previous week. It was the lowest since his rating marked 29.3 percent in the first week of August

Sept. 2, 2024

[Bills in Focus] Disclosure of EV battery manufacturer info, national power grid expansion

Proposed Bill: Partial Amendment to the Commercial Act Proposed by Rep. Park Sang-hyuk (Democratic Party of Korea) ● Although corporate directors have a duty of loyalty toward their company, they have no legal obligations toward their shareholders. Therefore, to protect shareholders from the decisions of directors, this bill imposes a duty of fairness on directors. Proposed Bill: Partial Amendment to the Motor Vehicle Management Act Proposed by Rep. Han Jeoung-ae (Democratic Party of Korea) ●

Sept. 2, 2024

Health minister seeks to soothe concerns over hospital emergency rooms

Health Minister Cho Kyoo-hong on Monday tried to soothe concerns about hospital emergency rooms, as some doctors have warned of a potential disruption of emergency care due to a prolonged walkout by trainee doctors. "Although there are some difficulties, we believe that emergency rooms are capable of maintaining operations," Cho told an SBS radio. "The issues extend beyond emergency rooms to follow-up treatments, which were present even before the walkout by the medical community,

Sept. 2, 2024

S. Korea, Japan in last-minute arrangements for visit by PM Kishida: presidential office

South Korea and Japan have been in last-minute arrangements for the agenda of Japanese Prime Minister Fumio Kishida's visit, a senior official at the office of President Yoon Suk Yeol said Sunday. "Final arrangements on the itinerary and agenda are being discussed," the senior presidential official told reporters, without providing further details. Japan's Kyodo News earlier reported Kishida was considering holding summit talks with Yoon in South Korea in early September befo

Sept. 1, 2024

Yoon not to attend opening ceremony of National Assembly session: presidential office

President Yoon Suk Yeol will not attend the opening ceremony of the regular session of the National Assembly early this week, a presidential official said Sunday, citing the opposition party's unilateral actions to pass critical bills. The National Assembly is set to begin its regular session on Monday and it is customary for the president to attend the opening event and deliver a speech. "It is appropriate to first normalize the National Assembly, which has been misusing special couns

Sept. 1, 2024

Leaders of rival parties agree to launch 'livelihood' consultative body

People Power Party Chair Han Dong-hoon and Democratic Party of Korea Chair Rep. Lee Jae-myung on Sunday agreed to launch a special consultative body for livelihood policies, review issues tied to the financial investment tax policy and urge the government to establish an emergency medical system for the upcoming Chuseok holiday. The agreements came as part of a joint statement announced by the ruling and the main opposition parties as the result of the first official talks between Han and Lee. T

Sept. 1, 2024

Ex-President Moon named suspect in bribery probe

Prosecutors have identified former President Moon Jae-in a suspect in a bribery case, alleging that his former son-in-law received preferential treatment in securing a job with an airline in return for arranging a key government appointment for the politician who founded the airline, according to legal sources on Sunday. The Criminal Division 3 of the Jeonju District Prosecutor’s Office is leading the investigation into Moon's potential involvement, as detailed in a search warrant e

Sept. 1, 2024

Leaders of ruling, main opposition parties set to hold 1st official talks

Leaders of the ruling People Power Party and the main opposition Democratic Party are set to hold their first official talks Sunday, party officials said. PPP leader Han Dong-hoon is scheduled to meet with Lee Jae-myung, who was reelected as the chief of the DP in August, at the National Assembly at 2 p.m. Sunday for a 90-minute meeting. They are expected to discuss various issues, including a special counsel probe into a young Marine's death and a new investment tax policy. Han and Lee will dis

Sept. 1, 2024

Yoon stresses multilateral ties in Indo-Pacific during meeting with US representatives

President Yoon Suk Yeol received a group of United States Congress members to stress trilateral cooperation between Seoul, Washington and Tokyo, the presidential office announced Friday. Yoon told the lawmakers that close cooperation based on common values shared by the three countries is key to overcoming complex global crises, while expressing appreciation for bipartisan US support for the Seoul-Washington alliance. The US delegation led by Rep. John Moolenaar (R-Michigan) told Yoon that the b

Aug. 30, 2024

North Korean submarines taken down from public list: JCS

North Korean submarines have been removed from the public list of the International Maritime Organization only a day after they were listed, with South Korea’s Joint Chiefs of Staff looking into circumstances surrounding the curious move. The South’s JCS said Friday that the previously listed North Korean submarines could no longer be found on the IMO’s Global Integrated Shipping Information System. “North Korea has withdrawn its registration (of the submarines), and the

Aug. 30, 2024

Leaders of rival parties to meet over health services disruptions

INCHEON -- Leaders of the ruling and opposition parties will hold their first meeting on Sunday to discuss the doctors’ protest of the government’s reform initiatives and its toll on the country’s health care systems, both parties said Friday. The two main parties failed to reach an agreement over a bill to appoint a special counsel to investigate the on-duty death of a Marine in July last year, and another opposition-led bill for handing out cash to South Koreans to boost cons

Aug. 30, 2024

Yoon approves labor minister's appointment

President Yoon Suk Yeol approved the appointment of Kim Moon-soo as new labor minister Thursday, his office said, as the opposition bloc strongly denounced Kim's view about the Japanese colonial rule. Kim, former head of the presidential Economic, Social and Labor Council, was nominated by Yoon for new labor minister late last month. During Monday's parliamentary confirmation hearing, Kim said Koreans during Japan's 1910-45 colonial rule were regarded as Japanese nationals, stic

Aug. 29, 2024