The ruling Democratic Party of Korea is accelerating its move to strip the prosecution of all of its investigation powers -- a highly controversial issue that is roiling political circles and sparking heated opposition from prosecutors. At the heart of the dispute is that the ruling party can -- and regrettably will -- abuse its supermajority position at the National Assembly to railroad the related bill to change the country’s prosecution system once and for all. If the bill is unilate

Consumer price increase has exceeded 4 percent. According to Statistics Korea, consumer prices rose 4.1 percent in March from the same month last year. It was the sharpest hike in 10 years and three months. Prices soared, largely affected by the war in Ukraine which further disrupted the supply of crude oil and raw materials following the COVID-19 shockwaves to global supply chains. Setbacks in the supply of oil and materials are hard to avoid for Korea, which imports most of its supply of bo

The Minimum Wage Commission held its first plenary session Tuesday to start negotiations to set the minimum wage for 2023, a highly sensitive issue for both labor and business that is also expected to set the overall labor policy tone of the incoming administration. The minimum wage for this year is 9,160 won ($7.52) per hour, up 5.05 percent from 2021, after much wrangling between labor and business. Neither side was satisfied with the final result, as the gap was too wide to narrow. Similar