SEOUL, Oct. 6 (Korea Bizwire) – The New Politics Alliance for Democracy (NPAD) officially launched its ‘Budget Market of the People’ (http://npadmarket.kr), which is an online platform that buys ideas and suggestions about policy and budgets from the people to reflect them in parliamentary politics, on October 5. On this day, a demonstration of the platform [...]
SEOUL, Sept. 14 (Korea Bizwire) – A secret market for “golden phone numbers”, including mobile phones, company phone numbers and local numbers is known to exceed 26.7 billion won. According to lawmaker Kwon Eun-hee of the main opposition New Politics Alliance for Democracy, who analyzed an Internet site where the golden numbers are traded, a [...]
“I call for your understanding because the working-level official’s response does not mean a test-launch plan. Major General Yang made remarks that could mislead (an audience) into believing that there is a plan to test-launch 800-km missiles.” “The remarks indicate that South Korea has a place big enough to accommodate the test-launch of missiles with [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korea’s tax revenue growth has failed to keep up with its economic expansion, a lawmaker said Wednesday, calling for the “normalization” of the country’s corporate income taxes. Citing a report by the National Assembly Budget Office, Rep. Park Kwang-on of the main opposition New Politics Alliance for Democracy said [...]
SEOUL, Aug. 10 (Korea Bizwire) – Amid a succession feud between the two sons of Lotte Group founder Shin Kyuk-ho, which brought to light the problems of corporate governance in Korean conglomerates, several bills have been submitted to restrict an expedient way to inherit management rights, and to disclose corporate governance status more clearly. On August [...]
SEOUL, July 13 (Korea Bizwire) – In the past five years, income levels of the Korean middle class have increased steadily, but at half the rate of income growth for the upper class, leading to a deepening gap in the economic disparity between the classes. According to Oh Jae-sae, a lawmaker from the main opposition New [...]
SEOUL, July 7 (Korea Bizwire) – As Samsung Group and U.S. hedge fund Elliott Management are struggling over the merger between Cheil Industries and Samsung C&T, some are raising concern that Korean firms’ management rights should be defended from attacks by international hedge funds. They say that as the Korean economy has matured and its financial markets are [...]
“As (U.S. Forces Korea) contribute to maintaining peace between the two Koreas and maintaining a balance and peace in the entire Northeast Asian region, we need them. The role of U.S. Forces Korea must be maintained even after reunification. U.S. Forces Korea are needed until a Northeast Asian security regime is formed.” “President Park Geun-hye [...]
“It’s not hard for a political leader anywhere to earn cheap applause by vilifying a former enemy. But such provocations produce paralysis, not progress. To move ahead, we have to see beyond what was to envision what might be.” - Wendy Sherman, U.S. Under Secretary of State “Washington will soon lose its status as the [...]
“It’s really difficult to give a generous assessment. I’ve seen people give D’s, but strictly speaking, it should be an F.” “The economy is in a crisis, and the ruined livelihoods of ordinary citizens in particular must be tackled at once. It’s extremely important for the president and the leader of the opposition party to [...]