WASHINGTON, March 9 (Korea Bizwire) — The decadeslong South Korea-U.S. alliance may be in for its prime yet under South Korea’s incoming government of Yoon Suk-yeol, who will also likely align his major foreign policy with that of the U.S. on issues such as North Korea, U.S. experts said. The prosecutor-turned-politician won the presidential election, upsetting [...]
SEOUL, March 10 (Korea Bizwire) — President-elect Yoon Suk-yeol has undergone a dramatic transformation from a prosecutor general serving outgoing President Moon Jae-in to Moon’s successor on the opposition ticket after championing a fairer society built on common sense and the rule of law. Yoon, 61, rose to prominence as a prosecutor investigating high-profile cases [...]
SEOUL, March 10 (Korea Bizwire) — Opposition candidate Yoon Suk-yeol was elected South Korea’s next president Thursday after an unbelievably close race that underlined deep divisions along regional, generational and gender lines, and hands him a daunting task to narrow those chasms. With all the votes counted, Yoon of the conservative People Power Party (PPP) [...]
SEOUL, March 3 (Korea Bizwire) — The candidacy merger between Yoon Suk-yeol of the main opposition People Power Party (PPP) and Ahn Cheol-soo of the minor opposition People’s Party could be a game changer in a tight presidential race, though it may be too early for them to celebrate victory. After a roller-coaster ride of [...]
SEOUL, Jan. 20 (Korea Bizwire) — Main opposition presidential candidate Yoon Suk-yeol vowed Thursday to deregulate the virtual asset industry to further promote its growth. Yoon of the conservative People Power Party said the industry should be allowed to operate without regulations unless they have been explicitly prohibited. “To realize the unlimited potential of the [...]
SEOUL, Jan. 19 (Korea Bizwire) — Main opposition presidential candidate Yoon Suk-yeol pledged Wednesday to ease the tax burden on profits from cryptocurrency investments by raising the threshold from the current 2.5 million won (US$2,097) to 50 million won. Yoon of the conservative People Power Party announced the pledge at the party’s headquarters, saying he [...]
SEOUL, Jan. 17 (Korea Bizwire) — Ruling party presidential candidate Lee Jae-myung has called for simultaneously pursuing North Korea’s denuclearization and sanctions relief, while his main opposition rival Yoon Suk-yeol has vowed to strengthen the extended deterrence provided by the United States. Lee of the liberal ruling Democratic Party and Yoon of the conservative People [...]
SEOUL, Jan. 10 (Korea Bizwire) — A Cold War-era slogan calling for “annihilating communism” has sprung back to life in South Korea’s presidential race after a business tycoon used the expression to criticize China and North Korea and conservatives turned it into a meme. Shinsegae Group Vice Chairman Chung Yong-jin prompted the creation of the [...]
SEOUL, Dec. 28 (Korea Bizwire) — Most South Koreans, especially younger people, don’t like China even though the administration of President Moon Jae-in has pursued pro-China policies, main opposition presidential candidate Yoon Suk-yeol said Tuesday. Yoon of the People Power Party (PPP) made the remarks during a discussion hosted by the American Chamber of Commerce [...]
SEOUL, Dec. 26 (Korea Bizwire) — The wife of Yoon Suk-yeol, presidential candidate of South Korea’s main opposition party, apologized Sunday over allegations of past misdeeds that have continued to plague Yoon’s campaign for the March 9 election. Kim Keon-hee, wife of Yoon who is running in the election as candidate of the People Power [...]