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Multiple Home-owning Politicians, Officials Under Growing Pressure to Sell

Multiple Home-owning Politicians, Officials Under Growing Pressure to Sell

SEOUL, July 8 (Korea Bizwire) — Politicians and high-rank government officials owning more than one house are coming under growing pressure to dispose of properties as the government is preparing steps to hike tax burdens for owners of multiple homes in efforts to curb soaring housing prices. Housing prices have continued to surge in many [...]

Cheong Wa Dae Says Much of Bolton’s Memoir on Korea ‘Distorted,’ Urges U.S. Gov’t to Address Such ‘Dangerous’ Case

Cheong Wa Dae Says Much of Bolton’s Memoir on Korea ‘Distorted,’ Urges U.S. Gov’t to Address Such ‘Dangerous’ Case

SEOUL, June 22 (Korea Bizwire) — The office of President Moon Jae-in on Monday strongly criticized former White House National Security Adviser John Bolton for his “distorted” account of what happened in brisk summit diplomacy last year involving the leaders of the United States and the two Koreas. Chung Eui-yong, director of national security at [...]

70 Years After Korean War Outbreak, Lasting Peace Still Tall Order

70 Years After Korean War Outbreak, Lasting Peace Still Tall Order

SEOUL, June 21 (Korea Bizwire) — Despite South Korea’s unrelenting drive for reconciliation, North Korea is pivoting to brinkmanship tactics with its venomous rhetoric, demolition of a joint liaison office and military steps in anger over propaganda leaflets sent from the South. The deepening Sino-U.S. rivalry is muddling the prospects of cooperation for regional stability, [...]

N. Korea’s Recent Threats Unlikely to Turn into Major Military Provocation

N. Korea’s Recent Threats Unlikely to Turn into Major Military Provocation

SEOUL, June 15 (Korea Bizwire) — After threatening military action, North Korea may open fire to shoot down giant balloons carrying anti-Pyongyang leaflets flying from South Korea, but major provocations are unlikely, such as the 2010 artillery attack on a border island, experts said Monday. South Korea has been on high alert after Kim Yo-jong, [...]

20 pct of Newly Elected Male Lawmakers Won Exemption from Mandatory Military Service

20 pct of Newly Elected Male Lawmakers Won Exemption from Mandatory Military Service

SEOUL, June 10 (Korea Bizwire) — One out of 5 male members of the new National Assembly were exempted from mandatory military service, government data showed Wednesday. Of the 242 newly elected male lawmakers, 47 people, or 19.4 percent, gained exemption for such reasons as imprisonment and illness, according to the data compiled and released [...]

Newly-launched National Assembly Has Highest Number of Female Lawmakers

Newly-launched National Assembly Has Highest Number of Female Lawmakers

SEOUL, May 31 (Korea Bizwire) — South Korea’s National Assembly has begun its four-year term with the highest number of female lawmakers, including the country’s first-ever female vice speaker of the unicameral legislature. Among the 300 representatives, who started their four-year term Saturday, 57 members, or 19 percent, are women, marking the largest number in [...]