National Politics Archives | Be Korea-savvy

Archive by category National Politics

New Bulletin Board on Jobs Highlights President’s Focus on Job Creation

New Bulletin Board on Jobs Highlights President’s Focus on Job Creation

SEOUL, May 25 (Korea Bizwire) – The presidential office Cheong Wa Dae installed a new electric bulletin board Wednesday, offering a quick summary of current conditions in the country’s employment market, while also highlighting the emphasis the new president and his government place on creating jobs.  The new bulletin board was placed at one of [...]

Policy Planning Panel to Explore Ways to Stamp Out Corruption in Defense Industry

Policy Planning Panel to Explore Ways to Stamp Out Corruption in Defense Industry

SEOUL, May 24 (Korea Bizwire) — The chief of the presidential policy planning advisory panel said Tuesday that it would explore ways to stamp out deep-seated corruption in the defense industry, long blamed for eroding the country’s military capabilities. During a regular press briefing, Kim Jin-pyo also said the panel would seek a “comprehensive” approach [...]

South Korean Pensioners Receive Only 24% of Income as Retirement Benefits

South Korean Pensioners Receive Only 24% of Income as Retirement Benefits

SEOUL, May 23 (Korea Bizwire) – A new report has revealed that South Koreans on average receive pension benefits that are significantly lower than the average income in the country before retirement, making the lives of retirees harder for those who rely on pensions. According to an audit report on the national pension system released [...]

Local Businesses Welcome Thaw Between South Korea, China

Local Businesses Welcome Thaw Between South Korea, China

SEOUL, May 22 (Korea Bizwire) – A thaw in deadlocked relations between South Korea and China over the deployment of an advanced U.S. ballistic missile defense system is showing signs of resuscitating vitality in exchanges in the public and private sectors between the two countries. Strained bilateral relations look somewhat mitigated of late as newly elected South Korean President Moon Jae-in is actively trying [...]

87 Percent of South Koreans Have Positive Outlook on President Moon

87 Percent of South Koreans Have Positive Outlook on President Moon

SEOUL, May 19 (Korea Bizwire) – Nearly 90 percent of adult South Korean citizens have a positive outlook on President Moon Jae-in’s handling of state affairs, a survey showed Friday, reflecting high public support for the new liberal leader.  In the survey conducted from Tuesday through Thursday by local pollster Gallup Korea, 87 percent of [...]

President Names Chaebol Critic as New Chief of Market Watchdog

President Names Chaebol Critic as New Chief of Market Watchdog

SEOUL, May 18 (Korea Bizwire) – President Moon Jae-in on Wednesday tapped a well-known critic of large conglomerates as the new chief of the corporate watchdog Fair Trade Commission (FTC). Kim Sang-jo, a economics professor from Seoul’s Hansung University, has been nominated as the new head of the FTC, according to the presidential office Cheong Wa Dae. “He has been nominated as he is considered the right person to set the direction for a new relationship between larger and smaller businesses based [...]

S. Korea, China Moving toward Mending Ties Strained over THAAD: Experts

S. Korea, China Moving toward Mending Ties Strained over THAAD: Experts

SEOUL, May 17 (Korea Bizwire) — South Korea and China appear to be moving toward mending their strained ties over the installation of a U.S. missile defense system here as exchanges and contacts in diverse areas have apparently been gaining traction since the inauguration of liberal President Moon Jae-in, experts said Tuesday. The recently wrapped-up [...]

75 Percent of Citizens Express Positive Outlook on President Moon

75 Percent of Citizens Express Positive Outlook on President Moon

SEOUL, May 15 (Korea Bizwire) – Three in 4 adult South Korean citizens gave a positive outlook on President Moon Jae-in’s handling of state affairs, a survey showed Monday, reflecting high public support for the newly minted liberal leader.  In the survey conducted from Wednesday through Saturday by local pollster Realmeter, 74.8 percent of the [...]

Comfort Women Dispute Takes a New Turn with South Korea’s New President

Comfort Women Dispute Takes a New Turn with South Korea’s New President

SEOUL, May 12 (Korea Bizwire) – Courting North Korea’s dysfunctional leader Kim Jong-un, and soothing tensions over the THAAD missile system with China – a conflict expected to cost South Korea billions of dollars – are likely the most urgent diplomatic issues to be tackled by newly elected President Moon Jae-in.  But to its east, [...]

New First Lady Draws Keen Public Attention

New First Lady Draws Keen Public Attention

SEOUL, May 12 (Korea Bizwire) — Exuding confidence, motherly warmth and down-to-earthness, new first lady Kim Jung-sook has garnered as much public attention as her husband Moon Jae-in who scored a resounding victory in Tuesday’s presidential election. Waving and giving a thumbs up to Moon’s well-wishers and other citizens, a beaming Kim has been alongside [...]