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Politics
3 nations plan consultation body
South Korea, the United States and Japan will launch a consultation body based in Washington D.C. to facilitate trilateral cooperation, their top diplomats announced Thursday amid persisting concerns over North Korea. The announcement was made by Foreign Minister Kim Sung-whan and his U.S. and Japanese counterparts, Hillary Clinton and Koichiro…
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DUP seeks to curb chaebol investment
Lawmakers of the main opposition Democratic United Party (DUP) proposed a bill Thursday that includes the reviving of the Regulation on Total Equity Investment. The regulation, which restricts big conglomerates from acquiring shares of other domestic companies, was originally introduced in 1987 to hold back the so-called chaebol from indiscriminately…
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Politics
2007 election funds to be probed
Prsident’s elder brother arrested for taking bribes Prosecutors said Wednesday they are looking into the allegations that Lee Sang-deuk, President Lee Myung-bak’s elder brother, received illegal political funds from businesses to finance his brother’s presidential campaign in 2007. The elder Lee, a former National Assembly vice speaker, was jailed earlier…
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Politics
Rep. Chung’s arrest motion rejected
Saenuri faces criticism for protecting one of their own; Park Geun-hye skips vote Rep. Chung Doo-un of the ruling Saenuri Party survived a parliamentary motion Wednesday to have him arrested on charges of receiving money from the head of a troubled savings bank together with President Lee Myung-baks elder brother,…
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Politics
Lawmakers express concern over Korea-Japan military pact
Bipartisan lawmakers of the parliamentary foreign affairs committee Wednesday expressed concern over the intelligence-protection agreement with Tokyo. Some of them urged the need to sign an equivalent military pact with China, the nation’s biggest trading partner, to sweep away the allegation that the Korea-Japan pact aims to counter Beijing’s military…
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Politics
NK mystery lady prompts media swirl
Rampant speculation over a young woman seen with North Korean leader Kim Jong-un showed no sign of abating, Wednesday, with a wave of reports reflecting international curiosity over her emergence and its implications for the regime. Foreign and domestic media outlets and officials have pored over images released by Pyongyang…
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S. Korea missile range to increase
Seoul and Washington are nearing a compromise to extend the former’s ballistic missile range which is now restricted to 300 kilometers, sources said Tuesday. The South Korean government reportedly asked to increase the missile range to at least 800 kilometers or to scrap the range-restriction agreement made with Washington. Seoul…
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Politics
Are Koreans ready for woman president?
Park’s victory would be comparable with Obama’s election over color divide Rep. Park Geun-hye of the ruling Saenuri Party pledged to put the people first, if elected president in December, in a speech to launch her presidential bid at an outdoor gathering in Seoul, Tuesday. Seeking to be the ruling…
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Politics
China, DPRK mark 51st anniversary of milestone treaty
BEIJING, July 9 (Xinhua) — Senior political advisor Bai Lichen on Monday attended a celebration banquet to mark the 51st anniversary of signing of the Treaty of Friendship, Cooperation and Mutual Assistance between China and the Democratic People’s Republic of Korea (DPRK). The banquet was hosted by Ji Jae Ryong,…
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Politics
If Rep. Park Geun-hye wants to be president
There is no question that Rep. Park Geun-hye of the ruling Saenuri Party is the most viable presidential candidate at the moment as she consistently has the strongest showing in public opinion surveys. That doesn’t necessarily mean that the Dec. 19 presidential poll is hers to win. The 60-year-old needs…
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