A lawyer standing trial in a land development corruption scandal in Seongnam, just south of Seoul, said Monday that he had heard that opposition leader Lee Jae-myung held a stake in one of the partners in the project. Nam Wook made the allegations during a hearing at the Seoul Central District Court on the … Read more
South Korea’s newly-established mission to the North Atlantic Treaty Organization (NATO) in Brussels was scheduled to begins its official operations this week, Seoul’s foreign ministry said Monday. According to the ministry, Ambassador Yoon Soon-gu, who has been named as the head of the mission, will present his credentials to NATO Secretary-General Jens Stoltenberg in … Read more
The main opposition Democratic Party (DP) and two minor parties submitted a blueprint for a parliamentary investigation into the Itaewon crowd crush, one of the last remaining steps to launch the probe despite strong objections from the ruling People Power Party (PPP). The three parties, including the Justice Party and the Basic Income Party, … Read more
Kenyan President William Ruto will visit South Korea this week for a summit meeting with President Yoon Suk-yeol, the presidential office said Monday. The summit will be held Wednesday during Ruto’s three-day visit to the country starting Tuesday at Yoon’s invitation, the office said. He will be the first Kenyan president to visit … Read more
President Yoon Suk-yeol sent a letter to Saudi Crown Prince Mohammed bin Salman on Monday pledging close cooperation between the two countries following his visit to South Korea last week, his office said. Yoon sent the letter in response to Prince Mohammed’s note thanking the president for his hospitality during his visit to Seoul … Read more
South Korea’s unification ministry said Monday it will create a “strategic environment” for North Korea to return to the negotiating table in a booklet detailing the Yoon Suk-yeol administration’s stated “audacious” proposal designed to help Pyongyang improve its economy in exchange for denuclearization. The government will also provide support for eventually “normalizing” diplomatic ties … Read more
Seoul shares ended lower Monday amid concerns that the Federal Reserve may continue its aggressive monetary tightening and China could return to harsh restrictions after COVID-19-related deaths. The Korean won fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) fell 24.98 points, or 1.02 percent, to close at 2,419.50 … Read more
— President Yoon Suk-yeol instructed his aides Monday to prepare all future overseas trips with a focus on business issues, his office said. Yoon gave the instruction during a weekly meeting with his aides, saying the only exception should be key national security issues, such as security cooperation between South Korea, the United States … Read more