PM to deliver 2025 budget speech at National Assembly

Prime Minister Han Duck-soo will deliver the government's 2025 budget speech at the National Assembly on behalf of President Yoon Suk Yeol on Monday, Han's office said. It marks the first time in 11 years that a sitting president has not addressed parliament on the annual budget. Yoon presented the budget speech the past two years after taking office in May 2022. Since 1988, it has been customary for presidents to outline their key priorities to lawmakers before submitting the governme

Nov. 4, 2024

Presidential Bio Committee to launch in December

South Korea's Presidential Bio Committee will hold its inaugural meeting in December, with President Yoon Suk Yeol chairing the committee of roughly 20 experts in the field of biotechnology, to bolster the nation's push to achieve a biotechnology breakthrough. Park Sang-ook, senior presidential secretary for science and technology, said in a briefing Sunday that Lee Sang-yup, vice president for research at the Korea Advanced Institute of Science and Technology, will serve as the vice c

Nov. 3, 2024

Scandal-hit ex-lawmaker denies corruption claims as pressure on Yoon mounts

Former lawmaker and veteran politician Kim Young-sun, a central figure in allegations that President Yoon Suk Yeol meddled in the June 2022 by-elections, denied accusations that she paid for Yoon's political forecasting and alleged poll manipulation expenses in exchange for the ruling party's nomination to run for her seat in the National Assembly. The prosecution interrogated Kim on Sunday regarding what they consider a violation of the Political Funds Act, namely Kim's wiring of

Nov. 3, 2024

Ruling, opposition parties expected to wrangle over 2025 budget deliberations

The National Assembly is set to begin deliberations on the 2025 budget proposal this week, with ruling and opposition parties expected to wrangle over spending on controversial projects. On Monday, the National Assembly is set to begin deliberations on next year's budget of 677.4 trillion won ($509.7 billion), a 3.2 percent increase from the previous year. The ruling People Power Party is expected to advocate the government's focus on discretionary spending due to fiscal deficit, while

Nov. 3, 2024

Govt. to designate 3 cities as nation's first 'hydrogen complexes'

The government said Friday it will designate three cities as the nation's first hydrogen-specialized complexes and support their growth into hydrogen industry hubs. The designation comes after the three cities -- Donghae and Samcheok of Gangwon Province and Pohang of North Gyeongsang Province -- passed preliminary feasibility surveys to carry out hydrogen cluster projects, the government said following a meeting of the government-led Hydrogen Economy Committee. The Donghae-Samcheok project

Nov. 1, 2024

Opposition accuses Yoon of favoritism, election meddling

South Korea’s main opposition Democratic Party of Korea on Thursday accused President Yoon Suk Yeol of favoritism and unlawful interference in the 2022 by-election, disclosing a private call between Yoon and his former political consultant Myung Tae-kyun. The party claims the recording reveals Yoon’s involvement in election matters while serving as the incumbent president. In the May 2022 phone recording disclosed to media by the Democratic Party, Yoon, then the president-elect, told

Oct. 31, 2024

Ruling party calls for swift revision of espionage laws

The ruling People Power Party called Thursday for a swift revision of espionage laws to outlaw spying not only for "enemy countries" but for all "foreign countries." PPP leader Han Dong-hoon issued the call during a Supreme Council meeting days after a South Korean national was found to have been detained by China on espionage charges while working for a Chinese chipmaker. "Because the espionage law applies only to North Korea, in the event that a Chinese national is sus

Oct. 31, 2024

Defense minister calls S. Korean observer team dispatch to Ukraine military's 'obvious' task

Defense Minister Kim Yong-hyun said Wednesday that the dispatch of a South Korean team of observers or analysts to Ukraine would be the South Korean military's "obvious" task, as he stressed there would be lessons to be learned. Kim made the remarks, saying that if such a team is not sent to Ukraine, it would constitute a "dereliction of duty." "Throughout the history in many different wars, including the Iraq war, there have been many cases where we have sent monit

Oct. 31, 2024

S. Korean, US defense chiefs condemn N.K. troop dispatch to Russia in 'strongest' terms 'with one voice'

The defense chiefs of South Korea and the United States condemned North Korea's troop deployment to Russia in the "strongest" terms with "one voice" as they held the allies' annual defense talks at the Pentagon on Wednesday. Defense Minister Kim Yong-hyun and US Secretary of Defense Lloyd Austin issued the condemnation at the 56th Security Consultative Meeting (SCM) as Seoul and Washington have confirmed the troop deployment, which is feared to escalate Russia'

Oct. 31, 2024

Seoul on alert for possible Russia-backed North Korean cyber attacks

The military cyber security authorities in Seoul said Wednessday they are on the lookout for North Korea possibly colluding with Russia in its cyber attacks against pro-Ukraine countries. According to Rep. Lee Seong-kweon, who was briefed by the Cyber Operations Command, North Korean attempts to infiltrate institutions affiliated with the South Korean military have increased significantly in the past couple of years. The military’s cyber security authorities are “on alert” for

Oct. 30, 2024

Han says controversies surrounding first lady must be resolved in November

Ruling People Power Party Chair Han Dong-hoon on Wednesday said that the controversies surrounding first lady Kim Keon Hee must be resolved by the end of next month, as he stressed the need to regain public trust in the conservative bloc. Han’s remarks made at a press conference marking his first 100 days in office came as a widening rift is observed within the ruling party over how to deal with multiple allegations regarding the president's wife, including her alleged involvement in

Oct. 30, 2024

Seoul weighs monitoring team in Ukraine, affirms no artillery shell supply plans

South Korea on Wednesday acknowledged the need to send a "monitoring team" to the Ukraine battlefield, but it denied allegations that it was considering supplying 155 mm artillery shells upon Ukraine's request. "We are obliged to look into, analyze and monitor North Korean armed forces' activities (in the Russia-Ukraine war) while taking a defensive posture," an official of the presidential office said on condition of anonymity Wednesday. "We feel the need to create and

Oct. 30, 2024

North Korea prepared for nuclear test, possibly before US election: Seoul defense intel agency

The Defense Intelligence Agency in Seoul said Wednesday that North Korea may conduct its first nuclear weapons test in seven years ahead of the US presidential election, in what would be its seventh such test. In a closed-door briefing to the National Assembly intelligence committee, the Defense Intelligence Agency said North Korea will attempt to draw Washington’s attention by staging a major provocation such as a nuclear test ahead of the election that is less than a week away. “No

Oct. 30, 2024

150 new K2 tanks to feature domestically produced power packs

The state-run Defense Acquisition Program Administration on Monday announced its bid to make 150 new K2 tanks' power packs -- which comprise a 1,500-horsepower engine and transmission -- fully homegrown. The tanks with South Korean-made 1,500-horsepower engines and gear shifts will be manufactured by 2028, according to the plan. A notable change in the manufacturing plan, according to DAPA, is the adoption of a transmission system produced by a South Korean company SNT Dynamics. Currently,

Oct. 30, 2024

Ukraine envoy to travel to S. Korea as Yoon, Zelenskyy vow strategic cooperation

Ukrainian President Volodymyr Zelenskyy will appoint a special envoy to South Korea following talks held with President Yoon Suk Yeol over the phone pledging strategic cooperation in a bid to counter North Korean troops in Russia, according to the presidential office Tuesday. Yoon and Zelenskyy "denounced the illicit military cooperation between North Korea and Russia with the strongest language possible," as the two countries agreed to seek strategic countermeasures, Yoon's offic

Oct. 29, 2024

NIS says North Korean leader’s daughter clearly in line to rule

The South Korean intelligence agency said Tuesday that North Korean leader Kim Jong-un’s daughter Kim Ju-ae appears to be on a rising path to power. Citing the National Intelligence Service, Rep. Park Sun-won of the main opposition Democratic Party of Korea told reporters there are growing signs suggesting a “clear elevation of Ju-ae’s status.” He was briefed on North Korea affairs by the NIS as vice chair of the National Assembly intelligence committee. The NIS said Kim&

Oct. 29, 2024

S. Korea marks 2nd anniversary of Itaewon tragedy

President Yoon Suk Yeol expressed his condolences as South Korea on Tuesday marked the second anniversary of the Itaewon crowd crush that claimed 159 lives in October 2022. "Today marks the second anniversary of the Itaewon tragedy," Yoon said at a Cabinet meeting he presided over at his office. "I feel sorry for those who tragically lost their lives and I express my condolences for the bereaved families who live in sorrow." Yoon said that making people feel safe in everyday

Oct. 29, 2024

Yoon says N. Korea's troop deployment in Russia constitutes security threats to S. Korea, world

President Yoon Suk Yeol said Tuesday that North Korea's troop deployment in Russia constituted security threats to both South Korea and the world, denouncing what he calls "illegal" military cooperation between Pyongyang and Moscow. Yoon made the remark during a Cabinet meeting amid North Korea's deployment of its troops in western Russia, with all signs suggesting that the North's troops may soon be ready for battlefield deployment against Ukraine forces. "This ill

Oct. 29, 2024

Yoon's foreign policy adviser visits Australia for frigate project

President Yoon Suk Yeol's foreign policy adviser, Chang Ho-jin, visited Australia on Monday to ask the country to allow South Korean firms to participate in its frigate project, Yoon's office said. In February this year, Australia announced a plan to acquire 11 new frigates for its Navy, with South Korean, Japanese, German and Spanish vessels being mentioned as candidates. On the sidelines of the East Asia Summit in Laos early this month, President Yoon met Australian Prime Minister An

Oct. 28, 2024

Bipartisan panel formed to address livelihood issues amid tension over first lady probe

The ruling People Power Party and the main opposition Democratic Party of Korea on Monday officially launched a joint consultative body for livelihood issues amid persistent tensions over various controversies surrounding the first lady. The establishment of the joint consultative body aimed at carrying out common policy pledges comes nearly two months after an agreement was made between leaders of the two rival parties early last month during their first official talks. The consultative body wi

Oct. 28, 2024