Russian ambassador hopes for improved ties with Seoul

Georgy Zinoviev, the Russian ambassador in Seoul, told South Korean lawmakers on Wednesday that although the relations between the two countries were going through a difficult time, he believed they would improve in the future. “I would like to take this opportunity to say that even though South Korea and Russia are going through a rough patch at this moment, I believe there is still a lot of potential for expanding cooperation and resuming dialogue in the future,” he said, speaking

Oct. 2, 2024

Yoon vetoes three bills, including special probe targeting first lady

President Yoon Suk Yeol on Wednesday endorsed Cabinet motions demanding parliamentary reconsideration of three opposition-led bills, including one calling for a special counsel probe into first lady Kim Keon Hee's allegations. It marked the 11th time that Yoon has exercised his veto power since taking office in May 2022, and a total of 24 bills have been rejected amid ongoing tensions between the opposition-controlled National Assembly and Yoon. The most disputed bill calls for an independe

Oct. 2, 2024

S. Korea to enhance market monitoring over Middle East crisis

Finance Minister Choi Sang-mok said Wednesday the South Korean government will stay vigilant against heightened tensions in the Middle East following Iran's massive missile attack on Israel, vowing to enhance market monitoring and devise responses. Iran fired a barrage of around 180 ballistic missiles at Israel on Tuesday (local time), in what Tehran said was retaliation for the recent killings of top Hezbollah and Hamas officials, according to foreign media reports. Israeli Prime Minister

Oct. 2, 2024

Yoon warns North Korea against nuclear attack attempt

President Yoon Suk Yeol said the Kim Jong-un regime would face its destruction should it attempt a nuclear attack at the Armed Forces Day ceremony on Tuesday, in a warning accompanied by a rare showcase of powerful weapons targeting North Korea. “If North Korea ever tries to use a nuclear weapon, it will be met with a decisive and overwhelming response from our armed forces and alliance with the US. And that will be the day its regime ends,” he said. The warning from the president ca

Oct. 1, 2024

NK defector nabbed trying to drive stolen bus across border

Police said Tuesday they had nabbed a North Korean defector for allegedly stealing a village bus in Paju, Gyeonggi Province, and attempting to ram the bus northward through the militarized border between the two Koreas, in an apparent bid to return to North Korea. Police in Paju caught a man in his 30s at the Unification Bridge on Tuesday at around 1:30 a.m., as the bus he was driving hit a road blocker on the Imjin River's heavily guarded bridge that leads to the truce village Panmunjom in

Oct. 1, 2024

Yoon calls for uncovering truth behind controversial appointment of natl. football coach

President Yoon Suk Yeol instructed the sports ministry to uncover the truth behind the appointment of the national football team's head coach and come up with measures to enhance transparency in the hiring process. Yoon made the call after Culture, Sports and Tourism Minister Yu In-chon briefed him on the ministry's probe into the Korea Football Association (KFA)'s controversial selection of Hong Myung-bo as the head coach of the South Korean men's squad in July, presidential

Sept. 30, 2024

Prosecutors demand 3-yr prison term for opposition leader over alleged perjury subornation

Prosecutors demanded Monday a three-year prison term for opposition leader Lee Jae-myung on charges of suborning a former mayoral secretary to make false court testimony in his favor in 2018. Lee, chair of the main opposition Democratic Party (DP), was indicted last year on charges of demanding a secretary of former Seongnam Mayor Kim Byung-ryang to give false testimony in a 2018 election law violation case involving him. The court will deliver the verdict on Nov. 25. The case involves Lee'

Sept. 30, 2024

Cabinet demands Assembly reconsider special counsel bill to probe first lady

The Cabinet passed a motion Monday demanding that the opposition-led National Assembly reconsider three contentious bills, including the one that mandates a special counsel investigation into several allegations against first lady Kim Keon Hee. The motion was passed during a morning Cabinet meeting presided over by Prime Minister Han Duck-soo, 11 days after the parliament passed the bills pushed through by the main opposition Democratic Party of Korea amid a ruling party boycott. "We will d

Sept. 30, 2024

South Korean portal selling sanctioned North Korean artwork: lawmaker

North Korean artwork subject to United Nations sanctions and restrictions under South Korean laws is being sold on a major South Korean portal site, according to Rep. Park Choong-kwon on Monday. Some dozen pieces of artwork produced by Mansudae, a North Korean state-sponsored art studio in Pyongyang, are on sale on Naver, the South Korean ruling party lawmaker said. He said the art studio, founded in the 1970s by then-North Korean leader Kim Il-sung, was placed under UN sanctions in 2017 for bei

Sept. 30, 2024

Strategic partnership inked with Slovakia

The leaders of South Korea and Slovakia agreed to elevate their ties by establishing the strategic partnership on Monday, at a summit held during the Slovak leader's visit to Seoul. Describing Slovakia as "an important European partner that shares common values in the face of the complex global crises," President Yoon Suk Yeol said during the summit in his office with Slovakia's Prime Minister Robert Fico in Seoul that the strengthened diplomatic engagement would allow the tw

Sept. 30, 2024

[Bills in Focus] Real estate finance reform, industrial tech protection

Proposed bill: Real Estate Development Project Management Act Proposed by Rep. Kwon Young-jin (People Power Party) and Rep. Son Myoung-soo (Democratic Party of Korea) ● In the domestic market, real estate project financing is characterized by a low capital adequacy ratio and heavy reliance on third-party guarantees. As the volume of real estate PF increases, the need for systematic government management has become increasingly urgent. Therefore, this bill promotes the effective management of rea

Sept. 30, 2024

Yoon's approval rating sinks to lowest point since taking office: Realmeter poll

President Yoon Suk Yeol's approval rating has fallen to 25.8 percent, the lowest level since he took office in 2022, with the negative assessment of his performance topping 70 percent for the first time, a poll showed Monday. The survey, conducted by Realmeter and commissioned by a local news outlet, showed Yoon's positive rating fell 4.5 percentage points from the previous week. The previous record low in Realmeter surveys was 27 percent in the second week of September. The survey att

Sept. 30, 2024

Prosecutors set to request sentencing for opposition leader over alleged perjury subornation

Prosecutors were set to request a sentence Monday for opposition leader Lee Jae-myung on charges of suborning a former mayoral secretary to make false court testimony in his favor in 2018. Lee, chair of the main opposition Democratic Party, was indicted last year on charges of demanding a secretary of former Seongnam Mayor Kim Byung-ryang to give false testimony in a 2018 election law violation case involving him. The Seoul Central District Court was scheduled to hold the closing hearing on the

Sept. 30, 2024

[Legal updates in Korea] How 'car camping' could now get you fined

● Updated law: Parking Lot Act What it does: Prohibits camping, cooking and lighting fires in public parking lots Took effect: Sept. 20 Punishment: Fine up to 500,000 won ($379.33) In recent years, “chabak,” or the trend of camping in one's car, has become a major trend in South Korea. While it has provided travelers with the benefits of convenient and flexible camping compared to pitching and sleeping in a tent, it has also contributed to a surge in fire hazards. Recent actio

Sept. 29, 2024

Opposition mulls delay of financial investment income tax

South Korea's main opposition party, whose lawmakers occupy a strong majority of the seats at the National Assembly, is leaning toward delaying the adoption of the financial investment income tax, observers said Sunday. The Democratic Party of Korea will likely agree with ruling People Power Party Chair Han Dong-hoon's request last month to agree on postponing the implementation of the new investment tax policy set to take effect next year. During a press briefing Sunday, Democratic Pa

Sept. 29, 2024

Thousands rally in Seoul to call for Yoon's resignation

Thousands of people gathered in the capital city of Seoul to call for Yoon Suk Yeol's resignation on Saturday, as a coalition of left-wing groups blamed the president for tensions on the Korean Peninsula and economic strains. According to police, about 5,000 people are estimated to have flocked to Sejongdaero at 3 p.m. near Namdaemun in central Seoul to protest Yoon's leadership, as the conservative president's five-year term is now about halfway through. The coalition estimated t

Sept. 28, 2024

Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says

South Korea should make it easier for North Korean leader Kim Jong-un’s elites to switch sides and stir change, Lee Il-gyu, who was Pyongyang’s counselor of political affairs in Cuba, said Friday. “South Korea should engage not only North Korea’s general public but also its elites to elicit change from within North Korea,” he said at a forum hosted by the Institute for National Security Strategy, a National Intelligence Service think tank, at the National Assembly i

Sept. 27, 2024

Panmunjom tours for select Korean nationals may resume in October

Tours to the inter-Korean truce village of Panmunjom might resume for Korean nationals in October, more than a year after former US soldier Travis King's crossing into North Korea suspended tours there. According to a source from the state-run National Institute for Unification Education, which operates the tour programs for Korean nationals, it is working with the United Nations Command on preparations for the tour program, which facilitates visits to the heavily armed Demilitarized Zone a

Sept. 27, 2024

Yoon's approval rating rebounds from record low after trip to Czech Republic

President Yoon Suk Yeol's approval rating rebounded following his trip to the Czech Republic to clear hurdles before finalizing a 24 trillion won ($18 billion) nuclear export contract, a poll showed Friday. According to Gallup Korea's poll, Yoon's job approval rating during the period between Tuesday and Thursday came to 23 percent, up 3 percentage points from the previous poll unveiled on Sept. 13. The figure in the previous poll hit the lowest point since Yoon's inauguratio

Sept. 27, 2024

3.3 tr won to be invested annually in reforming tertiary care hospitals to focus on critical patients

The government plans to invest 3.3 trillion won ($2.5 billion) of its health insurance funding annually over the next five years to reform tertiary care hospitals to better prioritize the treatment of critically ill patients, the interior minister said Friday. Minister Lee Sang-min made the remarks during a government meeting in response to ongoing walkouts by medical doctors protesting the government's medical reform, which includes a significant increase in the nationwide medical school a

Sept. 27, 2024