SEOUL, Aug. 29 (Korea Bizwire) — President Yoon Suk Yeol said Thursday that the government will pursue gradually increasing the pension premiums for the younger generation and the middle-aged generation at a different pace, as well as introduce mechanisms to enhance the pension system’s financial stability. Yoon outlined a set of reform measures during a [...]
ASTANA, Jun. 13 (Korea Bizwire) — President Yoon Suk Yeol was to head to Uzbekistan, the final leg of his Central Asia trip, after wrapping up a three-day state visit to Kazakhstan on Thursday. Before departure, Yoon will meet with Kazakh Prime Minister Alikhan Smailov to review the agenda items discussed during his summit with [...]
SEOUL, Jun. 10 (Korea Bizwire) — After hosting an inaugural summit with 48 African nations last week, President Yoon Suk Yeol is now heading to Central Asia for another round of “sales diplomacy” aimed at enhancing economic partnerships with resource-rich nations. Yoon kicked off a weeklong trip to Turkmenistan, Kazakhstan and Uzbekistan on Monday for [...]
SEOUL, Jun. 4 (Korea Bizwire) — The owner of U.S.-based geoscience research company Act-Geo said Tuesday he was traveling to South Korea to discuss Seoul’s newly envisioned offshore oil and gas exploration project on the east coast. On Monday, President Yoon Suk Yeol said South Korea will push to embark on the project in the [...]
SEOUL, May 9 (Korea Bizwire) — President Yoon Suk Yeol said Thursday he will create a new ministry to tackle the country’s low birth rate. Yoon made the remark during an address to the nation marking the second anniversary of his presidency. “In order to overcome the low birth rate, which can be considered a [...]
SEOUL, Dec. 26 (Korea Bizwire) — President Yoon Suk Yeol called Tuesday for approaching the issue of the country’s surprisingly declining birthrate from a fundamentally different perspective, emphasizing the need to identify its causes and find effective solutions. Yoon made the remark during a Cabinet meeting as South Korea’s fertility rate, already the world’s lowest, [...]
WASHINGTON, Dec. 6 (Korea Bizwire) — The New York Times has chosen South Korean President Yoon Suk Yeol and rookie K-pop girl group NewJeans as part of its 71 “most stylish” people of 2023, it said Wednesday. The U.S. daily unveiled this year’s list of prominent figures, including singer Beyonce, rapper Doja Cat, actress Gwyneth [...]
SEOUL, Nov. 30 (Korea Bizwire) — President Yoon Suk Yeol has created a new presidential office for policy to improve coordination with the Cabinet and the ruling party and push policies to help people’s livelihoods, his office said Thursday. The new policy office will be headed by Lee Kwan-sup, who has until now served as [...]
SEOUL, Nov. 26 (Korea Bizwire) — President Yoon Suk Yeol accepted the resignations of the chief of the National Intelligence Service (NIS) and his two deputies Sunday, effectively sacking the top three officials at the spy agency in the wake of controversy over personnel affairs. Yoon accepted the resignations of NIS Director Kim Kyou-hyun, First [...]
LONDON, Nov. 21 (Korea Bizwire) — South Korean President Yoon Suk Yeol and first lady Kim Keon Hee received a ceremonial welcome from King Charles III and Queen Camilla as they began their state visit to Britain on Tuesday. The ceremony began with Prince William and his wife, Kate Middleton, arriving at Yoon and Kim’s [...]