President Yoon Suk Yeol held talks Monday with Democratic Party of Korea Chair Rep. Lee Jae-myung for the first time since taking office in May 2022, seeking the possibility of bipartisan cooperation after the opposition party's sweeping victory in the general election earlier this month. Lee, Yoon's former presidential rival, said his party would cooperate with the ruling bloc with regard to thorny issues such as the government's standoff with the medical circles that has left th

Election defeat has People Power Party shuffling its leadership

Pending Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Yun Chang-hyun (People Power Party) ● Under the Financial Investment Services and Capital Markets Act, only regulations concerning issuance apply to investment contract securities due to their atypical characteristics and limited distribution potential. However, unlike before, online transaction platforms have made it easier for investors to trade investment contract securities. Therefore,

Ruling party denounces main opposition’s plans to pass multiple contentious bills

President Yoon Suk Yeol on Friday named a new chief prosecutor of the Corruption Investigation Office for High-Ranking Officials, after a vacancy of about three months. Oh Dong-woon, formerly a judge and attorney, was nominated to lead the CIO, which is currently spearheading a high-profile investigation into the death of a Marine in July last year. Cpl. Chae Su-geun died at the age of 20 when he was swept away in moving water during a search and rescue operation to find people who had gone miss

Major rivals to hold talks for first time since Yoon took office in May 2022

Main opposition leader Lee Jae-myung said Friday he will meet with President Yoon Suk Yeol without preconditions, after the two sides struggled unsuccessfully to set the agenda for what would be their first-ever talks since Yoon came into office. Yoon proposed a meeting in a phone call with Lee last Friday, after the ruling People Power Party was routed in the April 10 parliamentary elections, leaving the National Assembly under the control of Lee's Democratic Party. Details of the meeting,

Aides to President Yoon Suk Yeol and opposition leader Lee Jae-myung held their second meeting Thursday to coordinate the agenda for what would be the first-ever meeting between Yoon and Lee, but failed to reach an agreement, both sides said. Yoon proposed the meeting in a phone call with Lee last Friday, after the ruling People Power Party was routed in the April 10 parliamentary elections, leaving the National Assembly under the control of Lee's Democratic Party (DP). Thursday's prep

Lee Jun-seok, the leader of the minor conservative New Reform Party, hinted on Thursday at a future run for president of South Korea, though “he has a lot to learn before he gets there.” The 39-year-old politician, who was elected in the April 10 parliamentary elections to represent a constituency in Hwaseong, Gyeonggi Province, did not rule out the possibility when asked whether he has plans to run for president during a press conference at the Seoul Foreign Correspondents' Clu

Kurt Campbell, deputy secretary of state for the United States, lauded President Yoon Suk Yeol's effort to settle the historical conflicts with Japan and mend bilateral ties, which paved the way for the three-way relationship of Seoul, Washington and Tokyo as enshrined in the Camp David summit in August. Campbell, formerly the White House's top Asia aide in the Joe Biden administration, stressed the role of Yoon and Kishida in overcoming the plight of Japan's atrocities toward Sou

South Korea on Tuesday tapped a South Korean liquid rocket engine expert and a Korean-American who retired from the National Aeronautics and Space Administration in the United States for the leadership positions of the nascent space agency set for blastoff in late May. According to the presidential office in Seoul, Yoon Young-bin, an aerospace engineering professor at the Seoul National University, was named the new administrator of the Korea AeroSpace Administration, or KASA. Yoon's four d

Han Dong-hoon still has clout, but must be cautious in choosing his next steps, critics say

First lady absent at official reception

Rebuilding Korea Party leader Cho Kuk, known for his vocal criticism of President Yoon Suk Yeol, demanded Monday that Yoon accept a special counsel probe into allegations involving first lady Kim Keon Hee. The demand was among 10 requests that Cho said Yoon should accept in accordance with the public sentiment revealed in this month's parliamentary elections in which Yoon's People Power Party suffered a resounding defeat. "These are the minimum 10 things for President Yoon Suk Yeo

President Yoon Suk Yeol said Monday that artificial intelligence, biotechnology and quantum technology constitute the three major pillars of South Korea's future economy, renewing his push for breakthroughs in research and development. At a Telecommunication Day celebration held in Gwacheon, Gyeonggi Province, Yoon promised during his speech to make South Korea a "top 3 global science technology powerhouse" through massive investment and strategic cooperation with partners in the