Yoon visits southern naval base during summer vacation

President Yoon Suk Yeol visited a major naval base in the southern part of the country this week as part of his summer vacation, his office said Wednesday. During the two-day visit to the naval base in Changwon, some 310 kilometers southeast of Seoul, Yoon spent time with service members, playing basketball with a group of Navy personnel and Marines on Wednesday, it said. On Tuesday night, Yoon had dinner with various service members at the base, including those who served during the sinking of

Aug. 7, 2024

Conflicts arise within liberal bloc over sell off of Kim Dae-jung’s residence

A recent move by one of former President Kim Dae-jung’s sons to sell his father’s residence in a bid to avoid a “hefty inheritance tax,” has sparked a conflict among the liberal bloc here in recent days, with some calling for the main opposition or the government to repurchase the property for its historic value. On Wednesday, several lawmakers of the main opposition liberal Democratic Party of Korea, which has repeatedly mentioned Kim’s “spirit of Democracy&r

Aug. 7, 2024

Ruling bloc urges repeal of taxation on investors' gains

President Yoon Suk Yeol's office on Wednesday called on the National Assembly to abandon a plan to implement the "financial investment income tax" scheme that is to come into effect in January 2025 in the face of the heightened domestic capital market volatility in recent days. The political standoff is expected to linger, as the liberal main opposition Democratic Party of Korea has insisted that the plan for taxation on investors' sales proceeds must proceed as planned. Desc

Aug. 7, 2024

PM says hospitals will extend application period for trainee doctor programs

Prime Minister Han Duck-soo said Wednesday the government will allow hospitals to extend the application period for trainee doctor programs this week to help them recruit more junior doctors. Han made the remark after only 104 candidates, or 1.4 percent of trainee doctor positions available at 126 hospitals, had applied for the training programs that begin next month amid a prolonged standoff between the government and the medical community. "Within this week, the government will extend the

Aug. 7, 2024

Yoon calls for swift responses to stock market volatility amid criticisms over vacationing

President Yoon Suk Yeol on Tuesday instructed the government to take swift and preemptive responses to heightened volatility in the financial market, his office said, refuting opposition criticisms over his vacationing despite a recent market rout. South Korean stocks suffered the worst sell-off since late 2008 on Monday, along with its global peers, on growing fears over an economic recession in the United States, before rising more than 3 percent Tuesday. The benchmark Korea Composite Stock Pr

Aug. 6, 2024

Anti-foreign spy bills floated after alleged leak of agents’ identities

A series of bills targeting foreign espionage were floated in a rare show of bipartisan lawmaking in the National Assembly in the past week, following recent allegations of identity leaks of covert military agents. The bills seeking to expand the scope of punishable foreign espionage here have been proposed by lawmakers from both ruling and main opposition parties, according to the Assembly website on Tuesday. Under the existing laws, foreign espionage is restricted to that perpetrated by an &ld

Aug. 6, 2024

Govt. sets deadline for Qoo10 crisis consumer refunds

Some customers who have yet to receive refunds from e-commerce platforms Tmon and WeMakePrice due to a liquidity crisis surrounding the companies will get their money back by the end of this week, officials said Tuesday. Finance Minister and Deputy Prime Minister Choi Sang-mok announced that the refund process for the customers who purchased products other than travel services or gift cards on the two imperiled e-commerce platforms would be completed by “the end of this week,” in a b

Aug. 6, 2024

Yoon advised to veto bills over broadcast governance

Prime Minister Han Duck-soo on Tuesday advised President Yoon Suk Yeol to strike down four bills sponsored by the main opposition that are designed to curtail Yoon's influence over the boardroom reshuffle of South Korea's public broadcasters or their highest direct authorities. This comes as the latest in a prolonged tit-for-tat in South Korea's political landscape, where Yoon's political opponents continue to ram bills -- including ones similar to those already vetoed -- thr

Aug. 6, 2024

Cabinet passes motion requesting parliamentary reconsideration of 4 broadcasting bills

The Cabinet passed a motion Tuesday calling for parliamentary reconsideration of four bills aimed at changing the governance structure of public broadcasters. The motion, passed a week after the last of the four bills was railroaded by the opposition-controlled National Assembly, will be sent to President Yoon Suk Yeol. Should Yoon endorse it, the bills will be sent back to the Assembly for a revote. Three of the bills call for amending the Broadcasting Act, the Foundation for Broadcast Culture

Aug. 6, 2024

Assembly passes pro-labor ‘Yellow Envelope Bill’

The opposition-led National Assembly on Monday passed a pro-labor bill that seeks to limit employers from filing damage claims against workers during legitimate disputes and requires them to engage in collective bargaining with subcontractor labor unions, amid ongoing protest from the ruling party over the bill. The bill, dubbed the “Yellow Envelope Bill," which is a revision to the Trade Union and Labor Relations Adjustment Act, passed in a 177-2 vote during an afternoon plenary sess

Aug. 5, 2024

Yoon mulls speech after summer break

President Yoon Suk Yeol is considering delivering a speech to the nation over a set of domestic reform agendas to address crises in the fields of education, labor, medicine, and population, as well as the public pension's sustainability later this month, according to the presidential office Monday. According to the presidential office, Yoon will make public remarks after he returns to his post from his summer vacation next week, and before the first regular session of the 22nd National Asse

Aug. 5, 2024

[Bills in Focus] Easing discount store restrictions, securing AI usage policies

Proposed Bill: Partial Amendment to the Distribution Industry Development Act Proposed by Rep. Choi Soo-jin (People Power Party) ● The current act prescribes the establishment and modification registration of superstores and quasi-superstores in traditional commerce preservation areas, requiring persons who intend to open superstores, etc., to register and submit an evaluation report on the store’s impact on commercial districts and a regional cooperation plan. The act also requires the Ma

Aug. 5, 2024

Partisan gridlock to continue over contentious bills

Partisan gridlock in the National Assembly is unlikely to cease in upcoming weeks, with the opposition-led parliament having either passed or eyeing to vote in favor of more contentious bills, which President Yoon Suk Yeol is expected to veto. The opposition-led National Assembly late last month passed four broadcasting bills aimed at reducing the Yoon administration’s influence over public broadcasters, alongside a pro-labor revision bill to the Trade Union and Labor Relations Adjustment

Aug. 4, 2024

Yoon to leave for summer vacation next week

President Yoon Suk Yeol will leave for a summer vacation next week, his office said Friday. Yoon is scheduled to go on vacation starting next Monday, but the exact duration or itinerary have not been fixed and remain flexible, an official from the presidential office said. The official added that Yoon may visit a regional military facility to meet and encourage servicemen or a marketplace to inspect people's livelihoods, the official said. Earlier this week, Yoon urged Cabinet members to fu

Aug. 2, 2024

Impeachment motion for top broadcasting regulator passes

The National Assembly on Friday voted to pass the impeachment bill against Lee Jin-sook, the contested chair of South Korea’s top broadcasting regulator, the Korea Communications Commission. The bill passed just two days after President Yoon Suk Yeol confirmed her nomination. The lawmakers of the ruling People Power Party walked out of the session to boycott the bill led by the Democratic Party of Korea and minor opposition parties, whose seats take up a majority in the Assembly. The bill&

Aug. 2, 2024

Taipei hosts meeting of foreign lawmakers, South Korea absent

TAIPEI, Taiwan -- Foreign lawmakers from 24 countries gathered in Taipei, Taiwan to discuss China’s growing belligerence in the region at an annual meeting Tuesday. There was no South Korean representation at the meeting. South Korea currently has no member lawmakers on the Inter-Parliamentary Alliance on China, a group bringing together lawmakers from dozens of countries concerned about how democracies deal with Beijing. Both of the South Korean inaugural co-chairs -- former lawmakers Ji

Aug. 2, 2024

COVID-19 hospitalization surge fivefold in 3 weeks

The number of patients hospitalized after being diagnosed with COVID-19 surged fivefold in three weeks to late July, government data showed Friday. According to the Korea Disease Control and Prevention Agency, the number of inpatients diagnosed with COVID-19 during the fourth week of July reached 465, up over five times from the first week of the month at 91. Through the first four weeks of July, 929 patients were hospitalized for the highly contagious disease affecting the human respiratory sys

Aug. 2, 2024

Ruling party seeks expulsion of opposition lawmaker over defector remarks

South Korea's ruling People Power Party filed a motion Friday to expel opposition Democratic Party of Korea Rep. Rep. Choi Min-hee over alleged discriminatory comments against a North Korean defector-turned-lawmaker. The controversy came about at a Monday confirmation hearing for state broadcasting regulator chief Lee Jin-sook. Choi, chairing the Assembly's Science, ICT, Broadcasting and Communications Committee, reportedly told People Power Party Rep. Park Choong-kwon, who defected fr

Aug. 2, 2024

Opposition-led Assembly passes W13tr cash handout bill

A bill to dole out cash-equivalent vouchers universally to every South Korean citizen gained parliamentary approval at the opposition-controlled National Assembly on Friday, about four months after opposition leader Rep. Lee Jae-myung proposed the scheme. The 13 trillion-won ($9.4 billion) bill, designed to offer 250,000 won cash coupons to the entire 50 million population across the country, won 186 votes from 187 lawmakers present at the National Assembly. In South Korea's political lands

Aug. 2, 2024

Han tightens grip on ruling party

Han Dong-hoon, chair of the ruling People Power Party, nominated four-term lawmaker Rep. Kim Sang-hoon as the new policy chief of the ruling party, which would also make him one of the nine members of the party's supreme council, in an apparent move to tighten his grip on the party's decision-making body. The nomination of Kim will likely be confirmed at a general assembly of the People Power Party lawmakers next week. Han told reporters Friday that Kim is "highly competent."

Aug. 2, 2024