Seoul, April 10 (IANS) The South Korea’s National Assembly is set to handle an extra budget bill Friday aimed at coping with the economic fallout from the ongoing war in the Middle East.The extra budget, intended to ease the burden of rising oil prices and protect small businesses and vulnerable households from the economic repercussions of the conflict, has expanded to around 30 trillion won ($20.3 billion) from the government’s initial proposal of 26.2 trillion won, following reviews by standi…
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Seoul, April 7 (IANS) South Korean President Lee Jae Myung was set to hold a meeting with leaders of the ruling and the main opposition parties Tuesday, officials said, as they were expected to discuss measures to mitigate economic fallout from the war in the Middle East.Lee is scheduled to meet with Democratic Party (DP) leader Jung Chung-rae, DP floor leader Han Byung-do, People Power Party (PPP) leader Jang Dong-hyeok and PPP floor leader Song Eon-seog at Cheong Wa Dae later in the day.Prime …
Seoul, April 6 (IANS) South Korea’s Cabinet approved a motion Monday to amend some texts in the Constitution, setting the stage for the National Assembly to vote on the proposed amendment, and, if passed by lawmakers, the amendment will be put to a national referendum.The move comes after 187 lawmakers from the ruling Democratic Party and five minor parties jointly proposed the bill on Friday to tighten the requirements for declaring martial law and incorporate the spirit of past pro-democracy m…
Seoul, April 4 (IANS) Thousands of people took to the streets in central Seoul on Saturday, commemorating or opposing the ouster of former South Korean President Yoon Suk Yeol, who was convicted of insurrection, on the first anniversary of his removal from office. Nearly 1,000 people gathered in front of the Constitutional Court in central Seoul, holding pickets reading “End insurrection, treason” and calling for “grand social reform.”The rally came on the first anniversary of the Constitutional…
Seoul, March 28 (IANS) The foreign ministers of South Korea and Ukraine have agreed to make efforts to resolve the issue of two North Korean soldiers captured during the Russia-Ukraine war in accordance with international law and humanitarian principles, Seoul’s foreign ministry said on Saturday.Foreign Minister Cho Hyun and his Ukrainian counterpart, Andrii Sybiha, discussed the issue of North Korean prisoners of war (POWs) and other matters during their talks in France on Friday (local time) o…
Seoul, March 24 (IANS) South Korea on Tuesday approved two prosecution reform bills that would dismantle the current prosecution service later this year to separate its exclusive power to both initiate criminal probes and indict suspects.When promulgated, it would mark a sweeping overhaul of the nation’s prosecution system. Under the new laws, the prosecution office will be shut down in October, 78 years after its establishment in 1948, and two new agencies will exercise indictment and investiga…
Seoul, March 12 (IANS) South Korea’s National Assembly on Thursday passed a special bill on South Korea’s USD350 billion investment pledge to the United States under a trade deal between the two nations, around three months after it was first introduced by the ruling party. The bill was approved during a plenary session of the Assembly with support from both the ruling Democratic Party (DP) and the main opposition People Power Party (PPP).Shortly after the bill was passed, South Korean President…
Seoul, March 12 (IANS) A set of judicial reform laws were officially proclaimed on Thursday, allowing constitutional appeals of South Korea’s Supreme Court rulings, punishment for judges who intentionally distort legal principles and an expansion of the top court.The reforms marked the first major overhaul of the current judiciary system since a constitutional amendment in 1987.The National Assembly, controlled by the ruling Democratic Party, passed the bills last month in a push for judiciary r…
Seoul, March 10 (IANS) Former South Korean President Yoon Suk Yeol on Tuesday refused to meet with representatives of a special investigation committee on the 2022 crowd crush who visited the Seoul Detention Centre to persuade him to attend a hearing.The National Commission for the Investigation of the October 29 Itaewon Disaster is scheduled to hold the hearing Thursday and Friday to uncover the truth behind the crowd accident that killed 159 people in the central Seoul district in October 2022…
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…