The ruling party and the government on Thursday agreed on a new youth assistance program, including a monthly rent subsidy for young people in lower income brackets, party officials said. The decision was reached during a consultative meeting between the Democratic Party and the government amid the country's soaring housing costs and the prolonged COVID-19 pandemic. Under the special youth assistance program, the government will pay a monthly rent subsidy of 200,000 won ($171.4) for up to a ye

South Korea's trade ministry said Thursday it is seeking to hold talks with the European Union (EU) over the single largest economic bloc's new carbon-neutral policy, which may weigh down exports of steel and aluminum. The EU announced earlier that it will implement the Carbon Border Adjustment Mechanism (CBAM) in the near future. Under the CBAM scheme, European importers of cement, electricity, fertilizer, steel and aluminum must purchase "carbon certificates" corresponding to the a

Opposition has bought time, but has little room to maneuver

The National Assembly postponed a plenary meeting set for Wednesday, hours after the ruling party railroaded a controversial media bill through a parliamentary committee despite protests from opposition parties. National Assembly Speaker Park Byeong-seug expressed his decision to put off the plenary meeting set for the afternoon, according to Rep. Han Byung-do, spokesman of the ruling Democratic Party (DP). The DP, controlling an absolute majority at the National Assembly, planned to push the

A parliamentary committee on Wednesday passed a bill to ban Google and Apple from forcing app developers to use the platforms' payment systems, clearing the last remaining hurdle before a final vote. The legislation and judiciary committee of the National Assembly approved the revision of the Telecommunications Business Act, which seeks to bar app market operators from requiring developers to use certain payment systems by unfairly using their positions. If the bill is approved in a plenary

A controversial bill on curbing fake news passed the last parliamentary hurdle Wednesday to be put to a final plenary vote at the National Assembly amid heated protests from opposition parties and journalists' associations. The bill to revise the Act on Press Arbitration and Remedies, Etc. for Damage Caused by Press Reports received the green light from the Legislation and Judiciary Committee, the final gatekeeping committee for all bills before they go on a final vote at a parliamentary plenar

President Moon Jae-in will invite venture startup investors and entrepreneurs to Cheong Wa Dae this week to encourage them and promise government support to extend South Korea's latest boom in the startup scene, his office said Tuesday. The event, titled "K+ Venture," will be held Thursday afternoon at the presidential office and will be attended by SMEs and Startups Minister Kwon Chil-seung and some 70 startup investors, entrepreneurs and those currently preparing to launch their own

Pusan National University (PNU) in this southern port city said Tuesday it has decided to nullify its admission of former Justice Minister Cho Kuk's daughter into its medical school in 2015 following her mother's recent conviction in an academic fraud case. The state-run university said its decision to cancel Cho Min's admission to PNU's Graduate School of Medicine six years ago came after an analysis of an appellate court's ruling on her mother's academic fraud charges and an in-house committe

Five-term lawmaker Hong Joon-pyo of the main opposition People Power Party is quickly closing the gap with former prosecutor general Yoon Seok-youl in presidential preference polls as Yoon loses centrists and Hong attracts more 20-somethings. In a survey of 1,007 voters nationwide conducted on Friday and Saturday by the Korea Society Opinion Institute (KSOI) and commissioned by TBS, 20.5 percent said they would vote for Hong among conservatives, while 28.4 percent chose Yoon. Hong entered the

The main opposition People Power Party held a meeting Tuesday to decide on disciplinary measures against its lawmakers allegedly connected to suspected illegal real estate dealings one day after the state anti-corruption watchdog announced the results of a probe into opposition lawmakers' past deals. On Monday, the Anti-Corruption and Civil Rights Commission (ACRC) said it has identified 13 alleged speculation cases linked to 12 incumbent PPP legislators. The ACRC has delivered its findings to

Colombian President Ivan Duque on Tuesday began a three-day state visit to South Korea, which includes a summit with President Moon Jae-in on establishing a comprehensive bilateral partnership in key areas. Duque arrived in South Korea earlier Tuesday via Seoul Air Base in Seongnam, south of Seoul, officials said. He is scheduled to hold a summit with Moon at Cheong Wa Dae on Wednesday, the second day of his South Korean state visit. According to officials, the state visit was arranged at the

The ruling party and the government on Tuesday agreed to draw up the biggest ever annual state budget of 605 trillion won ($518.7 billion) for 2022 to finance the country's efforts to tackle the COVID-19 crisis. This represents a slight increase from this year's budget of 604.7 trillion won, including the regular budget of 558 trillion won and two rounds of COVID-19 response extra budget, they said. "The party and the government shared their commitment to allotting sufficient resources ne

A parliamentary committee on Monday approved a contentious bill that requires the installation of surveillance cameras in hospital rooms despite strong opposition from medical groups. The Health and Welfare Committee gave its nod to the bill to revise the Medical Service Act in a plenary session. The bill, if finally passed at the National Assembly's general meeting, would mandate the installation and operation of closed-circuit TV cameras in hospital operation rooms. The passage came nine mo

Yoon’s rivals blast him for shaking party leadership

A partisan showdown loomed large at the National Assembly on Monday, as the ruling Democratic Party (DP) with a controlling number of parliamentary seats was set to railroad a controversial media bill this week fiercely contested by opposition parties and media industry trade groups. The revision of the Act on Press Arbitration and Remedies, Etc. for Damage Caused by Press Reports, which was passed by parliament's culture committee last week, is expected to be put to a final vote during the N