Gwacheon, Feb 25 (IANS) A new special counsel team officially launched on Wednesday to investigate remaining suspicions surrounding ousted former South Korean President Yoon Suk Yeol, his failed martial law bid and allegations involving his wife.Special counsel Kwon Chang-young has been tasked with reopening investigations into insurrection charges stemming from Yoon’s failed martial law bid, along with corruption allegations tied to former first lady Kim Keon Hee and the 2023 death of a Marine….
Latest National Assembly News & Updates
Seoul, Feb 24 (IANS) The South Korean government has revised bills on the establishment of two bodies set to replace the prosecution following criticism they were designed to be little different from the current prosecution service, a task force said Tuesday. The so-called serious crimes investigation agency and the indictment agency are set to be established in October under a government reorganisation bill that passed the National Assembly last September, Yonhap News Agency reported. The two b…
Seoul, Feb 24 (IANS) South Korea’s business sentiment turned positive for March, marking the first rebound in four years, due to the country’s robust exports of chips and automobiles, a poll showed on Tuesday.The business survey index (BSI) of the country’s top 600 companies by sales stood at 102.7 for next month, according to the monthly poll by the Federation of Korean Industries (FKI), reports Yonhap news agency.A reading below 100 means pessimists outnumber optimists, while a figure above th…
Seoul, Feb 24 (IANS) Former South Korean President Yoon Suk Yeol on Tuesday appealed his life sentence over his insurrection conviction from his failed bid to impose martial law.The appeal was filed by his lawyers five days after a court sentenced Yoon to life in prison for leading an insurrection when he briefly imposed martial law on December 3, 2024.”We think we have a responsibility to clearly point out the problems with this decision for not only court records but for future historical reco…
New Delhi, Feb 23 (IANS) Islamabad’s airstrikes inside Afghanistan followed less than four days after media reports widely quoted Pakistan Defence Minister Khawaja Asif stating in an interview that his country would not hesitate to carry out air operations inside the neighbouring country. The development goes beyond mere coincidence, with the statement coming from none other than a Defence Minister. However, it needs to be mentioned that in such matters — and more — it is the military headqu…
New Delhi, Feb 21 (IANS) Pakistan’s demographic dividend has turned out to be a “demographic dilemma” as a widening skills gap leads to “economic stagnation which feeds social unrest”, a new report has said.The report from The Express Tribune said the country produced nearly 8 lakh university graduates annually but struggled to access key labour markets such as Japan and South Korea due to mismatches between the skills produced and those demanded by these economies.The report flagged findi…
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 20 (IANS) South Korean leader of the main opposition People Power Party (PPP) on Friday voiced regret as former President Yoon Suk Yeol was handed life in prison for leading insurrection over his short-lived imposition of martial law.Rep. Jang Dong-hyeok made the remark during a press conference at the National Assembly, in a thinly veiled indication that the conservative party may have no intention of fully severing ties with the ousted president, although the martial law crisis had …
Seoul, Feb 19 (IANS) A court on Thursday sentenced former South Korean President Yoon Suk Yeol to life in prison for his failed bid to impose martial law in 2024. In the first ruling on the case, the Seoul Central District Court convicted Yoon of leading an insurrection through the martial law bid but handed down a sentence lighter than the death penalty recommended by special prosecutors, Yonhap News Agency reported.The court made clear the martial law order amounted to an insurrection as the f…
Seoul, Feb 16 (IANS) South Korea’s smaller KOSDAQ was the second-best-performing stock index in the world over the past month, only after the country’s benchmark KOSPI, amid government measures to boost the secondary market, data showed on Monday.The KOSDAQ rose 16.45 per cent from 949.81 points on January 13 to 1,106.08 points on Friday, according to the data from Yonhap Infomax, the financial arm of Yonhap News Agency.Trailing behind the KOSDAQ were SET and ISE-100 — benchmark indexes of Thai…