Seoul, March 2 (IANS) South Korean President Lee Jae Myung has nominated a four-term lawmaker of the ruling Democratic Party as budget minister and a former senior fisheries official as oceans minister, Cheong Wa Dae said Monday. Representative Park Hong-keun has been tapped to lead the Ministry of Planning and Budget, while Hwang Jong-woo, chair of the Korea Maritime Cooperation Center’s international cooperation committee, was named to head the Ministry of Oceans and Fisheries, Lee Kyu-yeon, p…
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Seoul, Feb 21 (IANS) Rival parties of South Korea confirmed on Saturday proceeding with remaining procedures to process the legislation on South Korea’s investment pledges to the United States as planned, regardless of the recent ruling on President Donald Trump’s sweeping tariffs.”(The ruling) does not seem to constitute a requirement that can cancel South Korea’s investments to the United States,” said Rep. Kim Sang-hoon of the opposition People Power Party (PPP), who also heads a special comm…
Seoul, Feb 21 (IANS) South Korea’s President Lee Jae Myung has dismissed the Minister of the Korea Forest Service, Kim In-ho, after he was found to have committed an unlawful act, Lee’s office said Saturday, without further elaborating.”We have found that the minister of the Korea Forest Service caused trouble by committing a serious violation of existing laws, and decided to dismiss him from the post,” Lee’s office said.The presidential office did not elaborate on what specific law Kim violated…
Washington, Feb 21 (IANS) US President Donald Trump, lashed out at the Supreme Court after it struck down his use of a key tariff authority, calling the apex court’s verdict “deeply disappointing”, while announcing he would move immediately to other statutes — including a new “10 per cent global tariff” — that he said would keep his tariff programme intact. “The Supreme Court’s ruling on tariffs is deeply disappointing, and I’m ashamed of certain members of the court, absolutely ashamed, for n…
Seoul, Feb 10 (IANS) The leader of South Korea’s ruling Democratic Party (DP) said Tuesday that discussions on a possible merger with the minor liberal Rebuilding Korea Party will be put on hold until after the June local elections, apologising to party members for internal friction caused by the proposal. “We decided to end discussions on the merger ahead of the local elections,” DP chairman Jung Chung-rae said in a briefing after a supreme council meeting. “It is true that my proposal caused c…
Seoul, Feb 8 (IANS) The prime minister held talks with key ruling Democratic Party (DP) lawmakers and the presidential chief of staff on Sunday to discuss a special bill on implementing South Korea’s investment pledges to the United States and other pending issues, officials said.The meeting, held at the residence of the prime minister, came as rival political parties agreed last week to establish a special committee to handle the investment bill amid U.S. President Donald Trump’s tariff hike th…
Seoul, Feb 5 (IANS) South Korea’s Police on Thursday requested arrest warrants for a lawmaker and a former Seoul city councillor embroiled in a bribery scandal linked to the 2022 local elections.The warrants were sought for Rep. Kang Sun-woo, an independent who formerly belonged to the ruling Democratic Party (DP), and Kim Kyung, who until recently served as a Seoul city councillor, reports Yonhap news agency.Kim is accused of offering 100 million won (US$68,500) to Kang in exchange for a DP nom…
Seoul, Feb 4 (IANS) South Korean Opposition leader Jang Dong-hyeok on Wednesday called for the launch of separate special counsel probes into the Unification Church’s alleged ties with lawmakers of the ruling Democratic Party (DP) and bribery allegations linked to the DP nominations.In a speech at the National Assembly, Jang of the main opposition People Power Party also demanded an independent investigation into the prosecution’s controversial decision last November not to appeal a land develop…
Seoul, Feb 2 (IANS) Lawmakers of South Korea’s ruling Democratic Party (DP) and the main opposition People Power Party (PPP) on Monday introduced a bill aimed at promoting the use of artificial intelligence (AI) in research and development for the defence sector. The bill, jointly proposed by PPP Representative Yu Yong-weon and DP Representative Boo Seung-chan, along with 31 other lawmakers from the rival parties, comes as AI technologies are emerging as a “key factor shaping future defence capa…
Seoul, Jan 31 (IANS) South Korea’s Industry Minister Kim Jung-kwan said on Saturday that he thinks “unnecessary misunderstandings” were resolved through his talks with U.S. Commerce Secretary Howard Lutnick in Washington over renewed trade tensions this week.Kim made the remark upon his return home at Incheon International Airport in Incheon, west of Seoul, after holding meetings at the Commerce Department on Thursday and Friday (US time), which ended without reaching a conclusion, reports Yonha…