Korea Times Finance Reporter
Lee Hyo-jin covers the Bank of Korea, the banking industry and broader financial news. Her previous beats include foreign affairs, North Korea and general reporting on Korean society.
President Yoon Suk Yeol must decide — or may have already decided — whether to veto a bill launching a special counsel probe into allegations that the government interfered in an investigation into the death of a Marine during a flood rescue operation.
The main opposition-controlled National Assembly railroaded a contentious bill, Thursday, calling for a special counsel probe into allegations surrounding the death of a Marine, despite fierce protests from the ruling party.
American citizen John Sichi was recently reunited with his two children after a years-long journey to retrieve them, following their abduction by his Korean spouse. Sichi's family, originally based in California, experienced upheaval when his spouse vanished with their children in late 2019 after relocating to Korea.
As President Yoon Suk Yeol and Rep. Lee Jae-myung, chairman of the main opposition Democratic Party of Korea (DPK), found common ground on the necessity of medical reform during their meeting, the government is expected to take emboldened steps forward with its planned increase in medical school admissions.
A high-stakes meeting between President Yoon Suk Yeol and Rep. Lee Jae-myung, leader of the main opposition Democratic Party of Korea (DPK), is set for Monday, but the likelihood of any significant breakthroughs appears slim.
Whoever becomes the next U.S. president will not affect the robust Seoul-Washington alliance, Korean Ambassador to the United States Cho Hyun-dong said Thursday, amid concerns that the possible return of former U.S. President Donald Trump could potentially make bilateral relations unpredictable once more.
Despite widespread calls for reform following the ruling People Power Party's (PPP) devastating defeat in the April 10 parliamentary elections, key figures aligned with President Yoon Suk Yeol are apparently aiming to gain control of the party's leadership again.
An early start to defense cost sharing negotiations between Korea and the United States is unlikely to fully mitigate the so-called "Trump risk," analysts said, as the allies are set to begin their first round of talks to determine how much Korea should contribute to the cost of stationing American soldiers here from 2026.
Korea Aerospace Industries (KAI) showcased its key aerial platforms at the 2024 International Defense Exhibition in Iraq (IQDEX) from Saturday to Tuesday (local time), as the country's sole aircraft manufacturer expands its presence in the Middle East region.