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Assembly Passes Bill on Lowering Age of Candidacy for Parliament to 18

SEOUL, Dec. 31 (Korea Bizwire) — The National Assembly on Friday passed a bill that lowers the age of candidacy for parliament and local elections from 25 to 18. Under the bill, which is expected to be endorsed by the Cabinet next month, anyone aged 18 and above can run for a seat in the [...]

S. Korea Begins Assembling First Prototype of Indigenous Fighter Jet

SEOUL, Sept. 3 (Korea Bizwire) — South Korea began assembling a prototype of what would be the country’s first indigenously developed fighter jet Thursday in a landmark step that means the ambitious project is materializing, the arms procurement agency said. Under the KF-X project worth 8.8 trillion won (US$7.3 billion), South Korea has been working [...]