The main opposition Democratic Party accused the Yoon Suk Yeol administration on Monday of engaging in "submissive" diplomacy with Japan by appointing pro-Japan figures to key positions and removing public installations depicting the easternmost islets of Dokdo. "Since the start of the Yoon Suk Yeol administration, we have seen continued pro-Japan submissive diplomacy and a desperation to erase history," DP floor leader Park Chan-dae said during a supreme council meeting. &qu

Politics Aug. 26, 2024

Prosecutor General Lee One-seok said Monday that he will respect the upcoming conclusion by a panel of external private experts on first lady Kim Keon Hee's luxury handbag case. Lee made the remarks after referring the case to the investigation review committee, an external body that deliberates on investigations of high public interest, last Friday. Earlier that week, he was briefed that an investigation team from the Seoul Central District Prosecutors Office decided not to seek charges ag

Social Affairs Aug. 26, 2024

President Yoon Suk Yeol will host a dinner meeting with the leadership of the ruling People Power Party later this week, party officials said Monday. PPP leader Han Dong-hoon, floor leader Choo Kyung-ho, five Supreme Council members, and the party's policy chief are expected to attend the meeting on Friday, according to party officials. During the meeting, Yoon and the party leaders are expected to discuss key policy issues ahead of the regular National Assembly session, which is set to beg

Politics Aug. 26, 2024

Eleven mpox cases have been reported so far this year in South Korea, but all detected cases were the less deadly Clade II variant, health authorities said Monday. The Korea Disease Control and Prevention Agency (KDCA) said the latest case was reported last month, adding that health authorities have bolstered screening at borders to cope with the deadly new variant. South Korea reported 151 mpox cases last year. The majority of patients were males aged 20 to 40 in the greater Seoul area, with cl

Social Affairs Aug. 26, 2024

South Korea and the United States will hold their seventh round of negotiations in Seoul this week to determine Seoul's share of the cost for stationing the US Forces Korea, officials said Monday. The talks are set to take place from Tuesday through Thursday, led by the chief negotiators — Lee Tae-woo of South Korea and Linda Specht representing the United States — as the allies work to renew the current six-year deal, which will expire at the end of next year. Under the Special

Defense Aug. 26, 2024

North Korean leader Kim Jong-un has overseen a performance test of various drones, calling for the development and production of more suicide drones to enhance war preparedness, state media reported Monday. Kim supervised the test organized by the Drone Institute of the Academy of Defence Sciences on Saturday, according to the Korean Central News Agency. In the test, the drones flew along various preset courses and correctly identified and destroyed the designated targets, as they have missions

North Korea Aug. 26, 2024

South Korean shares opened slightly higher Monday amid growing hopes for a US rate cut. The benchmark Korea Composite Stock Price Index (Kospi) added 2.85 points, or 0.11 percent, to 2,704.54 in the first 15 minutes of trading. The increase follows sharp gains on Wall Street, prompted by remarks from US Federal Reserve Chair Jerome Powell that hinted at the start of US rate cuts in the near future. The Dow Jones Industrial Average surged 1.14 percent to close at 41,175.07 Friday (US time), with

Market Aug. 26, 2024

The government plans to provide some 40 trillion won ($30.1 billion) in financial support to small and medium-sized enterprises, and micro business owners as part of measures to support them in the run-up to the Chuseok holiday, officials said Sunday. The decision was made during a high-level meeting of government and ruling party officials, held to finalize measures on stabilizing prices, as well as supporting small business owners and others, according to People Power Party spokesperson Han Ze

Politics Aug. 25, 2024

The government and the ruling People Power Party agreed Sunday to introduce a system mandating automakers to disclose the battery brand information of all electric vehicles. During a meeting between senior government officials and PPP officials, the two sides also agreed to launch at an early date a system mandating automakers to get government certification on the safety of the batteries for their EV models, which was initially set to be introduced in February next year. The move comes amid saf

Politics Aug. 25, 2024

South Korean tech giants Samsung Electronics Co. and LG Electronics Inc. are planning to showcase various new artificial intelligence-powered home appliances at the IFA 2024 home electronics show in Berlin next month, industry sources said Sunday. Samsung will present a range of products, including the Bespoke AI Combo, an all-in-one washer-dryer; the Bespoke AI Family Hub, a premium refrigerator product; and the Bespoke AI Steam, a new robot vacuum cleaner product. The company will also showcas

Companies Aug. 25, 2024

The combined debt of the government and households in South Korea has surpassed 3,000 trillion won ($2.26 trillion) for the first time, driven by lower tax revenue, increased bond issuance and aggressive borrowing from households for real estate investments, government data showed Sunday. According to data from the finance ministry and the central bank, the country's combined national debt and household debt reached a record 3,042 trillion won as of the end of the second quarter. This amoun

Economy Aug. 25, 2024

The South Korean presidential office said Saturday it is in close discussions with the US government to resolve a dispute between the two countries' companies over a nuclear power plant construction project in the Czech Republic. "We are in talks with the US government through various channels to smoothly resolve the dispute," an official at the presidential office said, referring to the conflict between the Korea Hydro & Nuclear Power Co. and American energy firm Westinghouse

Foreign Affairs Aug. 24, 2024

Five day laborers, including three Chinese nationals, were killed in a traffic accident in Ansan on Saturday while heading to a worksite, local authorities said. The accident occurred in Ansan, about 30 kilometers south of Seoul, at around 5:45 a.m., while the victims were heading to a worksite in a van, according to Gyeonggi Province fire services. The van carrying the victims collided with a bus and hit a passenger car before coming to a stop, resulting in a total of 14 casualties. The five la

Social Affairs Aug. 24, 2024

A nationwide union of nurses and medical workers said Saturday that their members have voted to launch a strike next week, calling for a pay raise and the normalization of the crippled medical system amid a prolonged walkout by trainee doctors, its officials said Saturday. The Korean Health and Medical Workers' Union, which has some 30,000 nurses and medical workers at 61 hospitals as members, said more than 91 percent of its members supported the strike plan, according to the officials. If

Social Affairs Aug. 24, 2024

A group of business leaders, including Samsung Electronics Chairman Lee Jae-yong, will accompany President Yoon Suk Yeol on his visit to the Czech Republic next month, industry sources said Saturday. Yoon is arranging the visit to the Czech Republic to deepen bilateral economic ties after the European country selected a South Korean consortium in July for a major nuclear plant project. The South Korean consortium led by Korea Hydro & Nuclear Power was named the preferred bidder for the Czech

Foreign Affairs Aug. 24, 2024