The government will cut credit card processing fees for small merchants to ease their burdens amid the COVID-19 crisis, the ruling Democratic Party said Thursday following its meeting with financial authorities. The commission rate for small merchants with an annual revenue of below 300 million won ($252,550) will be lowered from 0.8 percent to 0.5 percent, according to Rep. Kim Byung-wook of the DP. For small business operators with an annual revenue between 300 million won and 500 million

Presidential candidate of ruling party denies involvement, calls for special counsel probe

Lee says he will do what he can as party chairman for presidential election

Ruling party presidential candidate Lee Jae-myung pledged Wednesday to complete the country's first moon landing project by 2030 if elected in the March presidential poll. The Democratic Party (DP) nominee also said he will establish a new position of deputy prime minister for science, technology and innovation to oversee planning and budget issues in the science industry. The plans, which were unveiled during a press conference at the DP headquarters, are part of Lee's top seven campaign pled

Ruling party presidential candidate Lee Jae-myung and his main opposition rival Yoon Suk-yeol are still running neck-and-neck, a survey showed Wednesday, after they apologized for controversies related to their family members. A Realmeter poll of 1,027 people, which was conducted on Monday and Tuesday, put Yoon ahead with 40.1 percent against Lee's 37 percent. The gap was within the margin of error of plus or minus 3.1 percentage points at the 95 percent confidence level. The Realmeter poll wa

Shin ji-ye, a 31-year-old feminist with liberal political inclinations, made headlines Monday as she crossed party lines and joined the campaign of Yoon Suk-yeol, the presidential nominee of the conservative People Power Party. The young politician ran as a Seoul mayor candidate for Green Party Korea in 2018, finishing fourth in the race with over 80,000 votes. Her campaign gained support from feminists and progressives as one of the first candidates in the country’s political history to

The main opposition People Power Party’s chairman on Tuesday said he will resign from the election committee, following the latest spat with a party lawmaker that again highlighted the young leader’s struggle to take command. People Power Party Chairman Lee Jun-seok announced the intent to resign from the committee following an argument with the election committee campaign’s communication chief Rep. Cho Su-jin on Monday. Lee will maintain his post as party chairman. “

The chief of the main opposition People Power Party (PPP) said Tuesday he will quit all his positions in the party's presidential campaign committee following a dispute with a senior member of the committee. Lee Jun-seok announced his departure at a press briefing at the National Assembly after Rep. Cho Su-jin, the PPP campaign's communications chief, disobeyed his order and said she would listen only to the party's presidential nominee, Yoon Suk-yeol. Later in the day, Cho also offered to res

Prime Minister Kim Boo-kyum on Tuesday reiterated his opposition to a proposal from ruling party presidential candidate Lee Jae-myung to temporarily postpone heavy taxation on owners of multiple homes, saying it will bring down people's trust in government policies. Lee has been calling for the government to delay imposing a heavy capital gains tax on owners of multiple homes when they sell their properties, claiming that such a move will put more homes on the market and thus help stabilize soa

President Moon Jae-in called on the government Tuesday to prepare for the scenario of the omicron variant becoming the dominant version of COVID-19 in the country while making sure to reinforce the country's medical capacity. Moon made the remarks at a Cabinet meeting held after the country reported 49 new omicron cases, bringing the accumulated total to 227. South Korea's daily COVID-19 cases have recently hovered in the 7,000's, marked by alarming growth in the number of critically ill patie

Opposition parties urge Moon to apologize for continued scandals of his aides

The ruling Democratic Party (DP) on Tuesday said it is seeking to establish a secondary presidential office in the central administrative city of Sejong following a pledge from its presidential candidate Lee Jae-myung. The DP said its plan to set up a secondary presidential office in Sejong, some 160 kilometers south of Seoul, will be introduced as a party policy at its general meeting Wednesday. Lee promised in a Facebook post in September that he will establish a secondary presidential offic

A major South Korean umbrella labor organization has notified the International Labor Organization (ILO) and the International Trade Union Confederation that it does not support former South Korean Foreign Minister Kang Kyung-wha's candidacy for the position of ILO chief, sources said Tuesday. The statement from the Korean Confederation of Trade Unions (KCTU), which was sent Monday, is expected to deal a blow to Kang's bid to become ILO director-general about three months before the election se

Lee Jae-myung, the presidential candidate of the ruling Democratic Party, on Monday called for the provision of full compensation to pandemic-hit small businesses as he unveiled a set of measures to support their recovery. "I want to pay back people's sacrifice in a way that is completely different from now," Lee said in his meeting with small business owners and self-employed people. "I will change the paradigm with a preemptive system that provides damage compensation to peopl

Rep. Kim Ye-ji asks next president to listen more and cater to needs