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Ban’s Advisor Gives Glimpse of His Economic Policy

Ban’s Advisor Gives Glimpse of His Economic Policy

SEOUL, Jan. 10 (Korea Bizwire) – An advisor to former U.N. Secretary-General Ban Ki-moon, a potential presidential contender, on Tuesday offered a glimpse into his economic policy that aims to upgrade South Korea’s capitalism model blamed for economic polarization.  Speaking to Yonhap News Agency, Kwak Seung-jun, an economics professor at Korea University, put forward three [...]

Parliament Starts Debate on Constitutional Revision

Parliament Starts Debate on Constitutional Revision

SEOUL, Jan. 5 (Korea Bizwire) – Lawmakers kicked off the debate to rewrite the Constitution on Thursday amid growing consensus to limit excessive presidential powers acutely brought home to South Koreans by a recent scandal involving President Park Geun-hye.  A bipartisan parliamentary committee on the amendment held its first meeting, electing Rep. Lee Ju-young of [...]

S. Korea Lodges Protest with Japanese Embassy over Yasukuni Shrine

S. Korea Lodges Protest with Japanese Embassy over Yasukuni Shrine

SEOUL, Dec. 29 (Korea Bizwire) – South Korea’s Ministry of Foreign Affairs called in a Japanese Embassy minister Thursday to protest the Japanese defense minister’s visit to the Yasukuni Shrine, a controversial temple where war criminals from World War II are enshrined.  The director-general of the ministry’s Northeast Asia Affairs Bureau, Chung Byung-won, officially lodged [...]

S. Korea Checking Report on Park’s Letter to Ex-N.K. Leader

S. Korea Checking Report on Park’s Letter to Ex-N.K. Leader

SEOUL, Dec. 20 (Korea Bizwire) – South Korea’s unification ministry said Tuesday it is checking relevant information to verify whether President Park Geun-hye’s 2005 letter sent to the former North Korean leader violated a law on inter-Korean exchanges.  A local media outlet reported that in July 2005, Park, then head of the conservative party, sent [...]

Parliament Hearing to Focus on Park’s Alleged Inaction during Ferry Disaster

Parliament Hearing to Focus on Park’s Alleged Inaction during Ferry Disaster

SEOUL, Dec. 14 (Korea Bizwire) – South Korea’s National Assembly will hold the third round of hearings on Wednesday to investigate the corruption and influence-peddling scandal involving President Park Geun-hye and her longtime friend.  The session is expected to focus on Park’s alleged inaction and her whereabouts at the time of a deadly ferry disaster [...]

Politicians Offer Rewards in Search of Key Suspects in Presidential Scandal

Politicians Offer Rewards in Search of Key Suspects in Presidential Scandal

SEOUL, Dec. 13 (Korea Bizwire) – Did a crowdsourcing-manhunt force Woo Byung-woo out of hiding? Woo, an ex-presidential secretary, finally appeared after spending weeks in hiding, and announced Tuesday he would stand before the National Assembly for questioning into his suspected role in Korea’s ongoing corruption scandal.  Woo refused to show up to the December [...]