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South Korean Lawmakers Rank as World’s Most Educated, Study Shows

South Korean Lawmakers Rank as World’s Most Educated, Study Shows

SEOUL, Nov. 18 (Korea Bizwire) – South Korean lawmakers boast the highest level of academic credentials among parliamentarians worldwide, with more than one-third holding doctoral degrees, according to a recent academic study featured in The Economist on November 14. The comprehensive research, conducted by scholars from six institutions including Duke University, analyzed the educational backgrounds of [...]

Rep. Kim Said to Invest in Volatile Alternative Cryptocurrencies

Rep. Kim Said to Invest in Volatile Alternative Cryptocurrencies

SEOUL, May 12 (Korea Bizwire) — Opposition lawmaker Kim Nam-kuk, embroiled in a controversy over his possession of undeclared virtual assets, appears to have invested a large sum in highly volatile alternative cryptocurrencies, industry officials said Friday. Kim of the main opposition Democratic Party is said to have exchanged 510,000 Wemix coins, once valued at [...]

Lawmaker Plans to Accept Political Donations in Cryptocurrencies

Lawmaker Plans to Accept Political Donations in Cryptocurrencies

SEOUL, Dec. 30 (Korea Bizwire) — A ruling party lawmaker plans to accept political donations in cryptocurrencies, his office said Thursday, amid rising interest in virtual assets in the country. Rep. Lee Kwang-jae of the ruling Democratic Party is trying to get campaign contributions in virtual currencies and issue non-fungible tokens (NFTs) as a receipt [...]

Ruling Party Lawmaker Under Fire for Leaked Mobile Messenger Screenshot

Ruling Party Lawmaker Under Fire for Leaked Mobile Messenger Screenshot

SEOUL, Sept. 9 (Korea Bizwire) — A ruling party lawmaker has come under fire for a leaked mobile messenger conversation that opposition lawmakers claimed corroborates the ruling party’s censorship of the press. Press cameras captured a screenshot of a Telegram conversation between Rep. Yoon Young-chan of the Democratic Party (DP) and an unknown person during [...]

Ruling Party Lawmaker Condemns Amb. Harris for Remarks on Alliance Consultations

Ruling Party Lawmaker Condemns Amb. Harris for Remarks on Alliance Consultations

SEOUL, Jan. 17 (Korea Bizwire) — A ruling party heavyweight in South Korea strongly criticized U.S. Ambassador Harry Harris on Friday for his remarks on President Moon Jae-in’s push for inter-Korean cooperation. “It’s good to express his personal view, but if South Korea follows whatever a foreign ambassador says, he or she would be like [...]

Koreans Give Politicians the Middle Finger with 18-won Donations

Koreans Give Politicians the Middle Finger with 18-won Donations

SEOUL, Dec. 9 (Korea Bizwire) – There are certain numbers that, when pronounced in Korean, can convey a completely different meaning than the numbers themselves, like homophones.  And while the number 1,004, pronounced “Cheon-Sa”, can also mean “angel”, the number 18, read “si-pal”, signifies something of an entirely different nature – it’s the four-letter word [...]

Lawmakers’ Military Exemption Rate Hovers below National Average

Lawmakers’ Military Exemption Rate Hovers below National Average

SEOUL, June 9 (Korea Bizwire) – The percentage of lawmakers in the new National Assembly who were exempted from serving in the military has fallen below the national average, data showed Wednesday, a development that reflects growing demand that elected officials fulfill their obligations before asking for votes.  Of the 249 male lawmakers in the [...]