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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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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Korea enters full election mode
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[Kim Seong-kon] The April 2024 election will decide our future
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Seoul’s bus union prepares for strike
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[Hello India] Corporate Korea sees new growth drivers in India
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S. Korea to introduce stipend for graduate students in tech push
South Korea on Friday unveiled plans to introduce a basic allowance for graduate students taking part in state-sponsored scientific projects, in high hopes of boosting the nation's scientific research capabilities. Any master's degree student in Korea who contributes to state-backed research will receive at least an 800,000 won ($600) stipend each month regardless of the amount of work done. The amount of the allowance will be at least 1.1 million won for an eligible doctor's degr
Feb. 16, 2024
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Yoon taps retired Maj. Gen. Seok as DAPA head
President Yoon Suk Yeol on Thursday tapped Army Reserve Maj. Gen. Seok Jong-gun as the new minister of the Defense Acquisition Program Administration, the presidential office announced Friday. Seok will begin in the position on Monday, replacing Eom Dong-hwan, who has served since June 2022. Yoon's office said in a statement that Seok is the right fit for the role of setting up coordinating structures between the government, military, DAPA and local defense industry. The major general will
Feb. 16, 2024
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[Contribution] Looking back on 35 years of ties on the occasion of Serbia's National Day
By Nemanja Grbic, Serbian ambassador to Korea As the Embassy of Serbia in Seoul proudly celebrates its National Day together with the small Serbian community living here, as well as our Korean friends, it is an opportunity to once again recall the close and decadeslong friendly relations that so happily exist between our two countries and two peoples. Statehood Day or National Day is celebrated every Feb. 15 in Serbia to commemorate the outbreak of the First Serbian Uprising in 1804, which e
Feb. 15, 2024
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Lee's wife indicted for election law violation
Opposition leader Lee Jae-myung's wife, Kim Hye-kyung, was indicted without detention on Wednesday on charges of violating the election law by offering meals to party figures ahead of the 2022 presidential election, the Suwon District Prosecutors Office said. Kim is accused of providing meals worth 104,000 won ($78) to six people, including three figures related to the then-ruling Democratic Party, at a Seoul restaurant on Aug. 2, 2021, ahead of the party's presidential primary, in vio
Feb. 14, 2024
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Yoon vows more incentives for foreign-invested companies
President Yoon Suk Yeol on Wednesday expressed his intention to ease regulations and extend more incentives to further foster an investor-friendly environment. The government will "offer policies and regulatory environments favoring (foreign-invested enterprises) to the extent of the global standard, or even more favorable than the global standard," Yoon told participants comprising foreign-invested company representatives at a luncheon meeting held Wednesday. "We should spare no
Feb. 14, 2024
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Despite failed Expo bid, Yoon pushes for Busan upgrade
South Korea on Tuesday announced a set of measures to boost Busan's economic growth, bolster job creation and improve access to key urban infrastructure, about three months after the city lost its bid to host the 2030 World Expo. Along with the announcement, President Yoon Suk Yeol held a public debate the same day at Busan City Hall, where he said the concentration of the population, companies and talent in the Greater Seoul area, coupled with the excessive competition in society, has &quo
Feb. 13, 2024
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Disgraced ex-minister to launch new party ahead of election
Disgraced former Justice Minister Cho Kuk on Tuesday officially announced to launch his own political party ahead of the general election scheduled for April 10. “I plan to fight on the front line of the battle to bring an early end to the incompetent 'dictatorship of prosecutors,' and the restoration of the values of a democratic republic,” Cho said in an announcement made at his hometown of Busan, pointing at the current Yoon Suk Yeol administration. “I will create
Feb. 13, 2024
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Ex-industry minister named vice chair of presidential committee on aging society, population policy
President Yoon Suk Yeol appointed former Industry Minister Joo Hyung-hwan as vice chairman of the Presidential Committee on Aging Society and Population Policy, presidential chief of staff Lee Kwan-sup said Monday. Joo is a policy expert known for his drive to get things done and is expected to lead the committee in a way that produces visible results in a swift manner, Lee said. Yoon is the ex-officio chairman of the committee. "With the recognition that society's survival is at stake
Feb. 12, 2024
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[Bills in Focus] Prospective tenant protection, Busan global hub
Proposed Bills: Partial Amendment to the Special Act on Public Housing Proposed by Rep. Kim Byung-wook (Democratic Party of Korea) ● This amendment revises the pre-sale housing subscription system to decrease risks for prospective tenants. It ensures that pre-subscription for housing begins only after the approval of the housing construction project plan and mandates the notification of fixed housing sale prices during the pre-sale housing subscription period. It also limits the increase of ho
Feb. 12, 2024
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Yoon's approval rating inches up to 39.2 pct
President Yoon Suk Yeol's approval rating rose slightly to 39.2 percent from a week earlier, a survey showed Monday. According to the Realmeter survey, the positive assessment of Yoon's performance rose 1.9 percentage points from the week earlier, while the negative assessment fell 1.7 percentage points. The survey was conducted on 2,011 adults from Monday to Thursday last week and had a margin of error of plus or minus 2.2 percentage points, with a confidence rate of 95 percent. The r
Feb. 12, 2024
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Smaller political powers agree to merge into new party ahead of general elections
Four political parties and factions led by politicians who have left the ruling People Power Party (PPP) and the main opposition Democratic Party (DP) have agreed to merge into one new party ahead of the April general elections, officials said Friday. The envisioned party, named the Reform Party, will be jointly led by former Prime Minister and DP leader Lee Nak-yon and former PPP leader Lee Jun-seok, according to the officials. Lee, the former DP leader, will lead the new party's election
Feb. 9, 2024
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Yoon meets with street sweepers on Lunar New Year holiday
President Yoon Suk Yeol held a breakfast meeting with sanitation workers of a Seoul ward Friday to wish them a happy Lunar New Year and thank them for their hard work, his office said. During his meeting with street sweepers of Dongjak Ward in southern Seoul, Yoon asked them about their working conditions over bowls of "tteokguk," a soup made with rice cakes, often eaten on the holiday. Yoon thanked them for starting work in the early morning hours, even on holidays, and stressed that
Feb. 9, 2024
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Yoon's 'irrational force' remark signals inter-Korean turbulence
President Yoon Suk Yeol's public characterization of the nuclear-armed North Korean regime as an "irrational force," coupled with his emphasis on the imperative of bolstering defense readiness against threats posed by the regime, signals a further tumultuous path for inter-Korean relations. The conservative president's prerecorded interview with the state-run Korea Broadcasting System aired Wednesday night amid simmering tensions on the Korean Peninsula, in the face of North
Feb. 8, 2024
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Opposition parties slam Yoon's explanation for Dior bag scandal
President Yoon Suk Yeol faced a firestorm of criticism from the main opposition and several minor parties on Thursday, a day after he opened up about the luxury bag scandal involving the first lady. The parties either demanded a solid apology from Yoon on behalf of his wife or brushed off his explanation as insincere. In a special New Year's interview with KBS aired late Wednesday, Yoon called the anti-graft violation accusations made against first lady Kim Keon Hee a "political maneuv
Feb. 8, 2024
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Yoon pledges support for small business owners with debt burden
President Yoon Suk Yeol pledged on Thursday to implement various policy support measures aimed at assisting small business owners and vulnerable groups struggling with loan repayments due to the impact of the COVID-19 pandemic. Yoon made the remarks during a government-public debate, the 10th in a series of sessions addressing people's livelihood issues, with business owners in Seoul. "During the COVID-19 period, small business owners and self-employed individuals suffered from restric
Feb. 8, 2024
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S. Korean president opens up about first lady's Dior bag scandal
President Yoon Suk Yeol on Wednesday opened up about a scandal involving first lady Kim Keon Hee that has shaken up South Korean politics, about two months after a video of Kim receiving a purse by luxury brand Christian Dior worth 3 million won ($2,260) on a hidden camera was released. "(The visitor who gifted the pouch) attached a hidden camera to a wristwatch, so we can say the scheme was deliberately arranged," Yoon said, referring to Korean-American pastor Choi Jae-young as the vi
Feb. 8, 2024
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Yoon's approval rating inches down to 34 percent
President Yoon Suk Yeol's approval rating inched down to 34 percent from a month ago, according to a survey conducted jointly by Yonhap News Agency and Yonhap News TV on Wednesday. The survey also indicated that the ruling People Power Party and the main opposition Democratic Party would secure 33 percent and 35 percent of the vote, respectively, if the scheduled April 10 parliamentary elections were held tomorrow. Yonhap News Agency and Yonhap News TV jointly commissioned the survey to gau
Feb. 7, 2024
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Yoon pardons tycoons, ex-President Park's aides
President Yoon Suk Yeol on Tuesday approved pardons for former President Park Geun-hye's aides, including former chief of staff Kim Ki-choon and former national security adviser Kim Kwan-jin, ahead of Seollal, or South Korea's Lunar New Year holiday. The special pardon announcement came less than a week after both aides' prison terms were finalized by the courts. The ex-chief of staff's two-year imprisonment was confirmed on Feb. 1 for his involvement in the blacklisting of n
Feb. 6, 2024
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Ruling party pledges to spend more on senior citizens
The ruling party on Tuesday announced a set of pledges aimed to improve the lives of senior citizens here, which includes tax benefits and an expanded free lunch system, as the country grapples with the issue of entering a super-aged society. In its sixth pledge announced ahead of the general election on April 10, the People Power Party said it plans to expand the role of the government and taxpayers' money in taking care of Korea's older population. "The government plans to launc
Feb. 6, 2024
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After suspected KF-21 leak, lawmakers blame weak laws on military secrets
Indonesian employees at the Korea Aerospace Industries are under investigation on suspicion of attempting to leak secrets about South Korean fighter aircraft. The incident sparked calls for laws on leaks of confidential military information to be strengthened, the bills for which are currently stuck at the National Assembly. The KAI, the developer for the KF-21 fighters, caught the employees trying to take removable drives containing secret data last month. They have since been reported to the D
Feb. 5, 2024