President Yoon Suk Yeol said the country’s most popular taxi-hailing service from Kakao Mobility demonstrates an “extremely unethical example” of a monopoly, at a regular meeting Wednesday on the economy. The comments at the gathering, attended by a group of 60 ordinary people in addition to policymakers, were in response to suggestions floated by an audience member who asked about lowering the fees taxis pay to the tech giant’s mobility unit, which controls about 90 perc

North Korea has sent Russia enough artillery shells to last two months in Ukraine war, spy agency says

PPP takes surprising move to propose adding Gimpo, politically dominated by opposition party; experts worry about overpopulation issues

President Yoon Suk Yeol on Wednesday donated 5 million won ($3,685) toward the construction of a memorial for South Korea's first President Syngman Rhee, his office said. The donation was sent to the Rhee Syngman Foundation, which has led a fundraising campaign to build a memorial for the former president who ruled the country for 12 years until his ouster in 1960. "Former President Syngman Rhee's fight for independence was a national foundation campaign to construct a liberal dem

The floor leader of the main opposition party on Tuesday voiced his disappointment at President Yoon Suk Yeol's budget speech, saying next year's state budget lacks funds needed to prepare for the future and support vulnerable people. Rep. Hong Ihk-pyo of the Democratic Party made the assessment, as Yoon delivered a budget speech earlier in the day pledging to put the top priority on stabilizing inflation and people's livelihoods. "(The speech) was very disappointing. There w

President, opposition leader agree to ‘put people first’ in 1st encounter since Yoon’s election victory

President Yoon Suk Yeol pledged Tuesday to put the top priority on stabilizing prices and people's livelihoods amid global economic difficulties as he delivered a budget speech centered largely on economic and domestic issues. Despite such difficulties, Yoon also vowed to stick to a sound fiscal policy next year in order not to pass debts on to future generations, as he called for bipartisan support for passing the government's 657 trillion-won ($487 billion) budget proposal. "The

President Yook Suk Yeol on Monday instructed his ministers to do everything possible to hold responsible those who allegedly scammed young Koreans seeking home rentals, and pledged to have the government’s pension reform proposal reach a “social consensus,” without offering further details. “The majority of (those affected by) this ‘jeonse’ scam are young Koreans. This is an egregious crime that hurts our next generation,” Yoon said at the weekly Cabinet

South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida on Sunday were honored with the special International Profile in Courage Award from the John F. Kennedy Library Foundation for their efforts in improving relations between the countries, despite historical issues and domestic opposition. “I am honored to receive this year’s “Profile in Courage Award,” a symbol of John F. Kennedy’s New Frontier,” Yoon said in a prerecorded acceptance

Proposed bill: Partial Amendment to the Unfair Competition Prevention and Trade Secret Protection Act Proposed by Rep. Lee Yong-bin (Democratic Party of Korea) ● This bill aims to reinforce trade secret protection and prevent potential economic losses by offering monetary rewards to individuals who report activities that leak trade secrets to foreign countries. Such activities include employing a trade secret in a foreign country or knowingly leaking a trade secret for use in a foreign country.

President Yoon Suk Yeol's approval rating rebounded for the first time in three weeks, reaching 35.7 percent, a poll showed Monday. The survey, conducted by the polling agency Realmeter, showed the positive assessment of Yoon's performance increased by 3.2 percentage points from the previous week, while 61.9 percent of respondents disapproved of his performance, down 2.2 percentage points. Yoon's approval rating had seen a consecutive two-week decline, dropping from 37.7 percent t

The South Korean Navy detected a North Korean ship requesting rescue near the Northern Limit Line in the East Sea and temporarily crossed the NLL to provide humanitarian assistance, according to the Joint Chiefs of Staff on Sunday. The Joint Chiefs of Staff said on the same day the military dispatched a patrol ship at 2:16 p.m. after capturing an unknown ship that was being held in waters 200 kilometers east of Jejin in the East Sea and about 3 kilometers north of the NLL. “A patrol vessel

In a surprising move that underscores the growing importance of naval defense, Naval Operations Commander Vice Adm. Kim Myung-soo has been named the new chairperson of Korea's Joint Chiefs of Staff, the Ministry of National Defense announced Sunday. Kim was promoted to four-star general in the military personnel reshuffle to replace incumbent JCS Chairperson Gen. Kim Seung-kyum, according to the ministry. The appointment marks a significant shift from the traditionally Army-dominated role a

A delegation of South Korean lawmakers is joining an alliance of politicians challenging what it sees as China’s ambitions to change global norms to advance its interests. The Inter-parliamentary Alliance on China will have its first delegation of South Korean lawmakers since launching on the 31st anniversary of the Tiananmen Square massacre in June 2020. One of the South Korean lawmakers to be accepted by the IPAC is Rep. Ji Seong-ho, a North Korean defector and human rights activist who

  Marking the first anniversary of the Itaewon crowd crush, President Yoon Suk Yeol solemnly vowed to bolster national safety, expressing his condolences and making a commitment for change during a ceremony at Yeongam Church in Seoul on Sunday. Yoon expressed his sympathies to the victims of the disaster and their families, describing the day of the tragedy as “one of the most sorrowful moments" of his life, which is a sentiment he believes is shared by the entire nation. In his