Ruling party highlights need for intergenerational equity in pension reform

The ruling People Power Party on Friday called for further intergenerational equity in the government’s plan to reform the country’s ailing pension system. “In order to make the country’s retirement security system sustainable enough to be effective for the next 100 years beyond the current generation of youth to a future generation, we cannot overlook the issue of fiscal sustainability. This means that our foremost task for (the government’s) pension reform is to b

Aug. 23, 2024

Yoon pledges overhaul of athlete environment

President Yoon Suk Yeol on Thursday pledged to carry out an overhaul to ensure fair chances for young athletes and to create a better training environment, as he and his wife Kim Keon Hee hosted a dinner for South Korean Olympians who competed at the Paris Games. Some 270 participants -- including athletes and family members, as well as coaches, members of sports associations and other staff -- attended the event at Shilla Seoul. According to the presidential office, Yoon told participants he wo

Aug. 22, 2024

Gyeonggi leads the way with 4.5-day workweek pilot

Gyeonggi Province is pushing forward with South Korea’s first pilot four-and-a-half-day workweek program aimed at improving people's work-life balance, quality of life, happiness and ideally, the falling birth rate. Korea's most populous province has allocated an initial budget 250 million won ($186,971) for the program, part of an annual investment of 10 billion won pledged for the initiative. In a press conference last Wednesday, Gyeonggi Province Governor Kim Dong-yeon unvei

Aug. 22, 2024

Opposition chief isolates over COVID-19, cancels key events

Rep. Lee Jae-myung, chairperson of the Democratic Party of Korea, tested positive for COVID-19 and went into self-isolation Wednesday, the same day he was due to meet with former President Moon Jae-in. The Democratic Party said in an announcement to reporters that Lee had tested positive for COVID-19 and canceled his public itinerary to keep in line with government guidelines that recommend at-home isolation until a day after symptoms go away. His COVID-19 diagnosis delayed highly anticipated me

Aug. 22, 2024

Yoon says N. Korea will face 'end of regime' if it invades South

President Yoon Suk Yeol warned Wednesday that North Korea would face the end of its regime should it attempt to invade South Korea, while inspecting an annual joint exercise with the United States. Yoon made the remark during his visit to the Ground Operations Command in Yongin, south of Seoul, where he received briefings on the Ulchi Freedom Shield. The joint military exercise began Monday for an 11-day run. "The North Korean regime is the most irrational group on Earth that can stage prov

Aug. 21, 2024

Advisory body for Constitutional revision to be launched: Assembly speaker

National Assembly Speaker Rep. Woo Won-shik reiterated Wednesday the need for a bill to revise the Constitution, with the aim of changing the term limit for the president, stressing that an advisory body will be launched soon. Woo’s remarks, made at a press conference at the Assembly in western Seoul, are in line with the opposition’s goal to hold a national referendum in 2026. The ruling party has denounced the referendum as a move to shorten President Yoon Suk Yeol’s single,

Aug. 21, 2024

Yoon aide suggests 'direct hire' of foreign nannies to ease cost burden

An aide to President Yoon Suk Yeol on Wednesday proposed a "private contract" or direct hire between South Korean individuals and foreign caregivers as a way to ease the cost burden for local households having difficulties balancing between work and family life, which she believes is one cause of the country's low birth rate. You Hye-mi, senior secretary to the president for population policy, said in a KBS 1 Radio interview Wednesday that the government is looking for ways to que

Aug. 21, 2024

Prospects of Japanese PM's visit to S. Korea undecided: Seoul official

Prospects of Japanese Prime Minister Fumio Kishida's visit to South Korea remain undecided, a presidential official said Tuesday, following a media report of a potential bilateral summit with President Yoon Suk Yeol next month. Japan's Kyodo News earlier reported Kishida is considering holding summit talks with Yoon in South Korea early September before stepping down from office, citing diplomatic sources. "The Japanese side has expressed an intention for Prime Minister Kishida

Aug. 20, 2024

Opposition slams Yoon aide as 'traitor' over Japan remarks

Seoul's presidential office is facing mounting pressure as controversial remarks regarding Japan by President Yoon Suk Yeol's foreign policy aide have prompted criticism from the opposition for bringing humiliation to South Korea. Labeling the aide's remarks as carrying the intention of a "pro-Japanese traitor" -- or "chinil" in Korean, describing those overly favorable to Japan to the extent of betraying national interests -- the liberal main opposition Democratic Party of K

Aug. 20, 2024

Govt., ruling party look to expand budget for improving livelihoods

The government and ruling party on Tuesday said they plan to allocate over 5.5 trillion won ($4.14 billion) for measures to improve people’s livelihoods here, including bigger discount coupons for small businesses and subsidies for electric vehicle users. The announcement comes as the Democratic Party of Korea has upped the ante in its pledges and policies to improve people’s livelihoods, with the main opposition’s Rep. Lee Jae-myung reelected as the party's leader in a landsli

Aug. 20, 2024

Political tensions to rise as rival parties' leaders start new term

The newly elected leaders of the rival parties will hold their first bilateral meeting next week, drawing national attention to the turbulent political climate as both are viewed as potential candidates for the 2027 presidential election. The announcement was made a day after Democratic Party of Korea Rep. Lee Jae-myung clinched his second term with a record-high 85.4 percent of the votes from registered party members Sunday. He will meet the recently elected ruling People Power Party Chair and

Aug. 19, 2024

Yoon urges readiness for NK's 'hybrid warfare'

The Ulchi Freedom Shield exercise of the military forces of South Korea and the United States jointly kicked off on Monday with South Korean civilians, with the primary focus on addressing North Korea's nonkinetic operations, such as public opinion warfare, cyberattacks and the spread of fake news. The annual summertime joint military exercise that runs through Aug. 29 is the third such exercise since President Yoon Suk Yeol took office in May 2022, as Pyongyang increasingly blends unconven

Aug. 19, 2024

Yoon calls for bolstering readiness against N. Korea's 'gray zone' provocations

President Yoon Suk Yeol called for bolstering readiness against North Korea's "gray zone" provocations and hybrid warfare as South Korea and the United States kicked off their annual joint exercise on Monday. Yoon said during a Cabinet meeting that this year's Ulchi Freedom Shield exercise will focus on integrating the allies' capabilities under various crisis scenarios to deter North Korea's evolving military threats, psychological warfare and cyberattacks. "W

Aug. 19, 2024

PPP leader welcomes opposition leader's offer of talks

The leader of the ruling People Power Party said Monday he welcomes an offer of talks that opposition leader Lee Jae-myung extended upon his reelection as leader of the main opposition Democratic Party the previous day. PPP leader Han Dong-hoon made the remark at a party meeting while congratulating Lee on his reelection and voiced hope their envisioned meeting could lead to "substantial progress" on several stalled livelihood-related issues. "I hope we can set a time and place as

Aug. 19, 2024

Lee Jae-myung reelected as leader of main opposition party

Democratic Party of Korea Rep. Lee Jae-myung was reelected to lead the country's main opposition party on Sunday, cementing his power within the National Assembly. Lee, who had served his first term as Democratic Party chair from August 2022 to June this year, won 85.4 percent of the votes from registered party members, confirming his second term as party leader, in a convention at the KSPO Dome in southeastern Seoul in the afternoon. His second term is due to end August 2026. Lee was widely exp

Aug. 18, 2024

NSC discusses ways to beef up cybersecurity for defense contractors

The presidential National Security Council (NSC) held a meeting Friday to discuss measures to enhance cybersecurity for defense contractors to address concerns about hacking attacks targeting military technology. Shin Yong-seok, the presidential secretary for cybersecurity, led the meeting with officials from the state-run arms procurement agency, the spy agency, the police and the Defense Counterintelligence Command, following recent reports of alleged hacking attempts on local defense companie

Aug. 16, 2024

South Korea anticipates North Korea’s response to Yoon’s ‘Unification Doctrine’: minister

South Korean Minister of Unification Kim Yung-ho on Friday said he believes North Korea will be responsive to the doctrine on the Korean Peninsula unification announced by President Yoon Suk Yeol the day before. “I believe that North Korea will carefully consider our proposal,” the minister told a news briefing held at the Government Complex in Seoul. The “Aug. 15 Unification Doctrine,” unveiled by the president during his Liberation Day remarks, entails reunifying Korea

Aug. 16, 2024

Ex-President Moon's bank accounts probed over son-in-law's hiring

  Prosecutors are reportedly investigating the bank accounts of former President Moon Jae-in and his wife in connection with allegations that his son-in-law received an unfair advantage in being hired by an airline company. According to legal sources Friday, the Jeonju District Prosecutor's Criminal Division 3 recently executed a search warrant to trace the financial accounts of former President Moon Jae-in and his wife Kim Jung-sook. This comes about four years after a complaint was filed

Aug. 16, 2024

Yoon vetoes prolabor, universal cash payment bills

President Yoon Suk Yeol on Friday vetoed two controversial bills designed to strengthen workers' rights and distribute cash payments to the entire population. One of the bills, known as the "Yellow Envelope Bill," aims to restrict companies from seeking damages against workers involved in legitimate labor disputes, as well as requires contracting employers to respond to requests for collective bargaining by subcontractor labor unions. The other bill proposes distributing cash pa

Aug. 16, 2024

Unification minister calls on N. Korea to accept S. Korea's offer for dialogue channel

Unification Minister Kim Yung-ho on Friday called on North Korea to respond to South Korea's offer for an official dialogue platform and resume suspended inter-Korean communication channels. Kim made the call a day after President Yoon Suk Yeol proposed to North Korea the establishment of a working-level dialogue channel that can "take up any issue" in an address marking Liberation Day. Yoon unveiled a vision for freedom-based unification with North Korea and pledged to expand the

Aug. 16, 2024