Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Korea enters full election mode
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Immigrant woman stabbed to death by Korean husband
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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Seoul’s bus union prepares for strike
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Yoon vows to focus on living standards in 2024
President Yoon Suk Yeol reiterated his policy focus on Tuesday, saying that the new year should be a year to achieve a "recovery of ordinary people's livelihoods," during the first Cabinet meeting of the year he presided. According to Yoon, measures are being undertaken to help ordinary people refinance their mortgages via mobile apps, effective Tuesday, aimed potentially at offering a new term with a lower interest rate. In addition, a greater portion of the vulnerable will recei
Jan. 9, 2024
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Rift within main opposition party widens
An existing fissure within the main opposition party is projected to widen ahead of the April general election, with several current and former heavyweight members parting ways from the party. Former leader of the Democratic Party of Korea and ex-Prime Minister Lee Nak-yon said Monday that he would officially announce his departure from the main opposition party through a press conference at the National Assembly scheduled for Thursday. The former premier had hinted on Sunday that the announceme
Jan. 8, 2024
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Presidential office weighs erasing small business owners' late payment records
South Korea is considering removing late payments from the credit history of individuals or vendors who fell victim to the COVID-19 pandemic's economic fallout, possibly before the Lunar New Year's holiday in mid-February. President Yoon Suk Yeol's office "is in talks with the financial authorities to map out the timing of (the removal of delinquency on the credit reports) and the scope of its beneficiaries," said a source from the presidential office on Monday. In Korea, individuals f
Jan. 8, 2024
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[Bills in Focus] Bills to promote climate action, corporate restructuring
Proposed Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Kim Sung-joo (Democratic Party of Korea) ● As climate change responsiveness increasingly becomes an essential part of business operations, this amendment requires companies to disclose climate-related information, including risks related to climate change and corresponding response plans, greenhouse gas emissions contributing to global warming and goals for reduction, and the implementa
Jan. 8, 2024
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Police to decide whether to disclose identity of opposition lawmaker's assailant
Police plan to decide this week whether to disclose the identity of the suspect in the stabbing attack against opposition leader Lee Jae-myung, officials said Monday. The 67-year-old suspect, known only by his family name Kim, was formally arrested Thursday on charges of stabbing Lee, the chairman of the Democratic Party, in the neck with a camping knife in the southeastern port city of Busan two days earlier. Lee is recovering following surgery at Seoul National University Hospital to repair a
Jan. 8, 2024
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Rival parties clash over revote on investigation into first lady
Korea's two main rival parties have been engaged in a tug-of-war in recent days over the scheduling of a revote for two special investigation bills vetoed Friday by President Yoon Suk Yeol. One of the bills pushes for an investigation into alleged stock manipulation by first lady Kim Keon Hee. The main opposition Democratic Party of Korea is currently considering filing for an adjudication with the Constitutional Court, for the court to decide whether Yoon's veto infringes on their po
Jan. 7, 2024
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20 student activists nabbed after attempting to enter presidential office
Police arrested 20 university students affiliated with a progressive group Saturday after they attempted to enter the presidential office in central Seoul, officials said. The members of the Korean University Progressive Union were caught at the site for allegedly attempting to trespass on the presidential office compound by entering through its western gate and climbing over its fences, according to the officials. Before the attempt, the students had staged a protest outside the compound, deman
Jan. 6, 2024
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South Korea tells Russia to stop getting arms from North Korea
South Korea on Friday called on Russia to halt its arms deal with North Korea following a White House announcement that North Korean ballistic missiles were used in Russian attacks against Ukraine. A senior official of the Ministry of Foreign Affairs in Seoul said on this day that by hauling arms from North Korea, Russia was “contradicting” the United Nations Security Council resolutions despite being a permanent member. The official said that the Foreign Ministry, together with its
Jan. 5, 2024
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Presidential office mulls revival of first lady's office
President Yoon Suk Yeol's office on Friday hinted at establishing an office dedicated to first lady Kim Keon Hee, reneging on a campaign pledge not to operate such an office during his term. The president is "considering the option to set up the office in case it wins public consent over the matter," said a source from the presidential office who declined to be named. The source did not elaborate on how to gauge public approval of the establishment. Earlier Friday, Yoon vetoed a specia
Jan. 5, 2024
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Yoon vetoes bill to investigate his wife
President Yoon Suk Yeol on Friday exercised his veto power to strike down a bill that would let the opposition-controlled National Assembly order a special investigation into first lady Kim Keon Hee's alleged involvement in stock manipulation. "(We) express a deep regret over the opposition bloc's unilateral move (to pass the bill to investigate the first lady) without bipartisan consent," presidential chief of staff Lee Kwan-sup told reporters. "Yoon has the obligation
Jan. 5, 2024
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Late Chun’s 5.5 billion won in assets to be confiscated, overdue fines down to 86.7 billion won
The unpaid fines of former President Chun Doo-hwan, who died in November 2021, are likely to be set at 86.7 billion won ($66.2 million), following a lawsuit that enabled authorities to confiscate an additional 5.5 billion won, marking the final indemnity payment from the former dictator. This would bring the total collected fines to 132.72 billion won out of the 220.5 billion won imposed in relation to his 1997 conviction for rebellion and bribery. Local media outlets and legal sources reporte
Jan. 4, 2024
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S. Korea plans W11tr inflation relief, picks immigration boost as key goal
President Yoon Suk Yeol on Thursday reiterated his pledge to support the livelihoods of South Korean citizens, including 11 trillion-won ($8.4 billion) in funding to curb consumer inflation. Yoon's office expressed its intention to slow inflation, as measured by the monthly consumer price index, to less than 3 percent by June. The consumer price index in December jumped to 3.6 percent in 2023, compared with 5.1 percent in 2022. "We anticipate the price stability with the consumer price inde
Jan. 4, 2024
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Birth rate-boosting bills should be passed: Assembly Speaker
South Korea’s National Assembly speaker on Thursday called for solutions to the nation’s low birth rate and declining population to be legislated, highlighting the need for more long-term policies. “The government and the political circles should see the ongoing population decline as a serious national crisis,” Kim Jin-pyo said in a New Year’s briefing held at the National Assembly. “The issue should be dealt with as a long-term agenda and solutions tied t
Jan. 4, 2024
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Opposition leader attack brings politics to standstill
The stabbing attack of opposition leader Lee Jae-myung has brought the nation’s political circles to a standstill, temporarily suspending a slew of harsh standoffs ahead of the April general elections. Tuesday’s surprise attack has apparently brought a halt to former Democratic Party of Korea leader and ex-Prime Minister Lee Nak-yon’s plans to establish a new political party. The attack took place 100 days before the upcoming April parliamentary elections, with the ruling par
Jan. 3, 2024
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Yoon to replace New Year briefings with debates
President Yoon Suk Yeol will hold a series of policy debates instead of receiving New Year briefings from each ministry, ditching formalities to lay out policy items aimed at improving people's livelihood, his office said Wednesday. The key agendas for Yoon's 2024 policy planning encompass housing, jobs, small- and medium-sized enterprises, public safety, caregiving, public transit, medical reform, media policy, low birth rate and energy. To touch upon these areas, at least 10 sessions
Jan. 3, 2024
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[Exclusive] Daughter Ju-ae Kim Jong-un’s ‘most likely successor’: Seoul spy service
South Korea’s spy agency sees North Korean leader Kim Jong-un’s only publicly known child Ju-ae as his “most likely successor,” according to its latest analysis. According to a National Intelligence Service report seen by The Korea Herald, the spy service in Seoul believes Ju-ae is most likely to succeed her father as North Korea’s leader, based on her public appearances and reception. The NIS said in the analysis that besides Ju-ae, who was born in 2013, Kim has an
Jan. 3, 2024
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South Korean spy chief nominee had license suspended for drunk driving
Cho Tae-yong, who was nominated by President Yoon Suk Yeol as the National Intelligence Service director on Dec. 19, once had his driver’s license suspended for driving under the influence. According to the police report The Korea Herald obtained exclusively through the National Assembly on Tuesday, Cho was caught drunk driving on Feb. 23, 1999, and received a license suspension. On Aug. 10 of the same year, the court sentenced him to a fine of 700,000 won ($536). Until recently, Cho was n
Jan. 2, 2024
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North Korea expected to increase cyberattacks this year: experts
In a key year-end message, North Korean leader Kim Jong-un described the two Koreas as “warring countries,” and vowed to “mobilize all physical means and other capabilities to cause a big stir” in the South. The anticipated rise in North Korean provocations will likely include cyberattacks, experts and officials in Seoul say. At the end of five days of Workers’ Party of Korea meetings, the North Korean leader said his country should “no longer commit the error
Jan. 2, 2024
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Yoon proposes abandoning investor income tax plan
President Yoon Suk Yeol on Tuesday proposed to withdraw South Korea's plan to introduce a net investment income tax scheme beginning in 2025. This came about a year after plans to impose the "financial investment income tax" on investors had been deferred for two years, meaning the new tax rule would go into effect in January next year. The rule, under the revision of the Income Tax Act, was initially passed in 2020 with bipartisan agreement. "Our plan to introduce the financ
Jan. 2, 2024
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Opposition leader stabbing shows politicians still vulnerable to physical attack
Tuesday's stabbing of Lee Jae-myung, the leader of the main opposition Democratic Party of Korea, showed that South Korea's politicians remain vulnerable to physical attacks despite several high-profile cases in the recent past. Lee, 59, had been visiting the site of the new airport in Busan and was speaking to members of the media when an unidentified man approached him asking for an autograph before lunging to stab him in the neck, undetected and undeterred by anyone. Lee is one of t
Jan. 2, 2024