National Politics Archives | Be Korea-savvy

Archive by category National Politics

Lee Vows Legalization of Virtual Asset Industry

Lee Vows Legalization of Virtual Asset Industry

SEOUL, Jan. 19 (Korea Bizwire) — Ruling party presidential candidate Lee Jae-myung said Wednesday he will institutionally recognize the virtual asset industry and guarantee various business opportunities. Lee of the Democratic Party made the remarks in a meeting with heads of the nation’s four major cryptocurrency exchanges and industry experts in Seoul, apparently targeting voters [...]

Yoon Pledges to Ease Tax Burden on Cryptocurrency Investment Profits

Yoon Pledges to Ease Tax Burden on Cryptocurrency Investment Profits

SEOUL, Jan. 19 (Korea Bizwire) — Main opposition presidential candidate Yoon Suk-yeol pledged Wednesday to ease the tax burden on profits from cryptocurrency investments by raising the threshold from the current 2.5 million won (US$2,097) to 50 million won. Yoon of the conservative People Power Party announced the pledge at the party’s headquarters, saying he [...]

Lee, Yoon Offer Diverging Views on Dealing with N. Korea

Lee, Yoon Offer Diverging Views on Dealing with N. Korea

SEOUL, Jan. 17 (Korea Bizwire) — Ruling party presidential candidate Lee Jae-myung has called for simultaneously pursuing North Korea’s denuclearization and sanctions relief, while his main opposition rival Yoon Suk-yeol has vowed to strengthen the extended deterrence provided by the United States. Lee of the liberal ruling Democratic Party and Yoon of the conservative People [...]

Ruling Party’s Presidential Candidate Eyes ‘De Facto’ Unification with N. Korea

Ruling Party’s Presidential Candidate Eyes ‘De Facto’ Unification with N. Korea

SEOUL, Jan. 16 (Korea Bizwire) — Ruling party presidential candidate Lee Jae-myung said Sunday he would seek a “de facto state” of inter-Korean unification based on coexistence and mutual prosperity in a short-term and rather realistic goal if he gains power. Lee of the liberal Democratic Party made the remark during a visit to the [...]

Foreign Investors Snap Up Shares of Firm Founded by Presidential Candidate

Foreign Investors Snap Up Shares of Firm Founded by Presidential Candidate

SEOUL, Jan. 13 (Korea Bizwire) — Foreign investors have been buying shares of the firm founded by Ahn Cheol-soo, the presidential candidate of the minor opposition People’s Party and the largest shareholder. According to the Korea Exchange, foreigners recorded net purchases of more than 170,000 shares of AhnLab Inc., South Korea’s biggest anti-virus software company, [...]

Cold War-era Anti-communist Slogan Springs Back to Life in Presidential Race

Cold War-era Anti-communist Slogan Springs Back to Life in Presidential Race

SEOUL, Jan. 10 (Korea Bizwire) — A Cold War-era slogan calling for “annihilating communism” has sprung back to life in South Korea’s presidential race after a business tycoon used the expression to criticize China and North Korea and conservatives turned it into a meme. Shinsegae Group Vice Chairman Chung Yong-jin prompted the creation of the [...]

Presidential Candidate’s Latest Pledge Raises Hopes Among Koreans Suffering from Hair Loss

Presidential Candidate’s Latest Pledge Raises Hopes Among Koreans Suffering from Hair Loss

SEOUL, Jan. 5 (Korea Bizwire) — Online communities related to hair loss were full of excitement amid news that Democratic Party presidential candidate Lee Jae-myung is reviewing the idea of extending coverage under the national health insurance plan to hair loss medication as one of his presidential pledges. An official from the party’s campaign committee [...]

Lee to Raise Election Funds via NFTs to Woo Young Voters

Lee to Raise Election Funds via NFTs to Woo Young Voters

SEOUL, Jan. 2 (Korea Bizwire) — Ruling party presidential nominee Lee Jae-myung plans to raise election funds via a blockchain-based digital platform to draw support from tech-savvy young voters, his campaign said Sunday. The Democratic Party (DP) will issue non-fungible tokens (NFTs) that include Lee’s image and election pledges to those who send money to [...]