my timesThe Korea Times
South Korea

Politics

Korea Times
About Us
Introduction
History
Contact Us
Products & Services
Subscribe
E-paper
RSS Service
Content Sales
Site Map
Policy
Code of Ethics
Ombudsman
Privacy Policy
Youth Protection Policy
Terms of Service
Copyright Policy
Family Site
Hankookilbo
Dongwha Group
FacebookXYoutubeInstagram
CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Korea files appeal against ruling to compensate Elliott

Justice Minister Han Dong-hoon speaks during a media conference at the Government Complex in Seoul, Tuesday. YonhapJustice minister says PCA ruling goes against Korea-US FTABy Jun Ji-hyeKorea has filed a suit asking a court in Britain to cancel an order by an international tribunal to pay nearly $108 million (136 billion won) to U.S.-based hedge fund Elliott Investment Management, Justice Minister Han Dong-hoon said Tuesday. The case involves a protracted dispute caused by the controversial 2015 merger of two Samsung Group affiliates ― Samsung C&T and Cheil Industries. The merger was widely seen as aimed at solidifying Samsung Group heir Lee Jae-yong's management grip over the family-controlled conglomerate.The minister's announcement came about a month after Korea was ordered by the Permanent Court of Arbitration (PCA) in the Netherlands to pay nearly $54 million plus interest in compensation to Elliott for an investor-state dispute settlement (ISDS) suit that the New York-based activist fund filed in 2018.“The ruling goes against the FTA signed between Korea and the Unite

Jul 18, 2023By Jun Ji-hye
Korea files appeal against ruling to compensate Elliott

PPP looking into Daegu mayor's golf outing during downpours

Daegu City Mayor Hong Joon-pyo is surrounded by reporters at the National Assembly in Seoul, Monday. YonhapThe ruling People Power Party (PPP) is looking into criticism that Daegu Mayor Hong Joon-pyo played golf over the weekend when the country was grappling with damage from heavy downpours, a spokesperson said Tuesday.The investigation was ordered by party leader Kim Gi-hyeon and depending on the outcome, Hong could be referred to the party's ethics committee for disciplinary measures if he is found to have violated the party regulations."The party is taking this issue very seriously," Rep. Kang Min-kuk said after the party's leadership meeting. "We should first determine what happened through the investigation, and then there are going to be discussions about follow-up measures."The outcome of the probe could come as early as Tuesday afternoon, party officials said.Hong played golf for one hour Saturday before play was suspended due to rain. Critics say it was inappropriate for a public servant to play golf at a time when the country was struggling with massive damage caused by th

Jul 18, 2023
PPP looking into Daegu mayor's golf outing during downpours

Number of N. Korean defectors entering S. Korea nearly doubles on-quarter in Q2

Hana Clinic in Hanawon in Anseong, south of Seoul, is seen in this July 10 photo. YonhapThe number of North Korean defectors coming to South Korea reached 65 in the April-June period, nearly doubling from 34 three months earlier, government data showed Tuesday, in an apparent rise after China eased its strict COVID-19 restrictions. After escaping the North, 18 men and 47 women reached South Korea in the second quarter, bringing the total number of the North's defectors to 33,981, according to data from Seoul's unification ministry.The latest data showed the total number of North Korean defectors entering South Korea in the first half came in at 99, up nearly fivefold from 19 in the same period last year."This seems to result from how movement (restrictions) within China and abroad have eased," a ministry official told reporters, speaking on condition of anonymity.While the number of defectors who entered the South from a third country was overwhelmingly higher, there were still "a certain" number of defectors who arrived here directly from the North, the official said.In May, a group

Jul 18, 2023
Number of N. Korean defectors entering S. Korea nearly doubles on-quarter in Q2

Rival parties pledge bipartisan support for disaster relief efforts

Rep. Kim Gi-hyeon, center, the People Power Party chairman, inspects a village of Cheongyang County, South Chungcheung Province, Monday, one of the regions that were hit hard by the torrential downpour over the weekend. YonhapThe leader of the ruling People Power Party (PPP) traveled Monday to the deadly underpass flooding site and promised to determine what went wrong in the response to the flooding and hold those responsible to account.The underground roadway in the central town of Osong, some 112 kilometers southeast of Seoul, was flooded Saturday morning when the nearby river overflowed after an embankment was brought down by rising water levels due to heavy rain, leaving at least 16 vehicles, including a bus, trapped under water.Rescuers pulled four more bodies from the flood-hit underground tunnel overnight, bringing the death toll to 13 amid fears that casualties could rise as rescuers continue an operation to drain and search the underpass."I offered words of comfort to the bereaved families and told them we are very sorry," PPP leader Rep. Kim Gi-hyeon told reporters during

Jul 17, 2023
Rival parties pledge bipartisan support for disaster relief efforts

Gov't inspection launched into deadly underpass flooding in Osong

Damaged vehicles are pulled out of a flooded underground tunnel in the town of Osong, North Chungcheong Province, central Korea, Monday. YonhapThe government launched an inspection into what went wrong in the response to the recent deadly flooding of an underground roadway in the central town of Osong, which has claimed 13 lives, a government office said Monday. The underground roadway in western Cheongju, located 112 kilometers southeast of Seoul, was flooded Saturday morning when the nearby Miho River overflowed after an embankment was brought down by rising water levels due to heavy rain, leaving at least 16 vehicles, including a bus, trapped under water.Rescuers pulled four more bodies from the flood-hit underground tunnel overnight, bringing the death toll to 13. Casualties could rise as rescuers continue an operation to drain and search the underpass.The Office for Government Policy Coordination said it has undertaken an inspection aimed at discovering the causes behind the deadly flooding.The inspection aims to determine "the reasons why the precious lives of people could not

Jul 17, 2023
Gov't inspection launched into deadly underpass flooding in Osong
  • Yoon orders all-out efforts to cope with damage from downpour

Ex-Justice Minister Cho says he 'respects' children's decision to renounce controversial degrees

Former Justice Minister Cho Kuk attends a hearing at the Seoul High Court in southern Seoul, Monday. YonhapFormer Justice Minister Cho Kuk, currently under trial on academic fraud charges connected to his daughter and son, said Monday he respects his children's decision to renounce controversial academic degrees.Cho, a former Seoul National University professor who served as a justice minister under the previous Moon Jae-in administration, made the remark as he appeared for a hearing at the Seoul High Court in southern Seoul. An appeal trial is currently under way after Cho was given a two-year prison term on charges connected to his children's admission to a medical school and a graduate school. Last week, Cho Min, the ex-minister's daughter, dropped her lawsuits filed to reverse decisions by Korea University and Pusan National University's Graduate School of Medicine to revoke her admissions, saying she will "go back to the starting point and start again with a clean slate."The ex-minister's son also announced through a lawyer a decision to relinquish his master's degree in politic

Jul 17, 2023
Ex-Justice Minister Cho says he 'respects' children's decision to renounce controversial degrees

Yoon calls for swift support for victims hit by heavy rains

President Yoon Suk Yeol holds a meeting with his aides on the government's response to heavy rains in Korea, July 15, in this photo provided by the presidential office. Yonhap President Yoon Suk Yeol on Sunday called for the government to take swift measures to support victims hit by recent heavy rains, his office said. The instruction came as Yoon held a videoconference with Prime Minister Han Duck-soo and relevant ministers as he is set to return home from a weeklong trip to Europe, according to senior presidential secretary for press affairs Kim Eun-hye."Support for damage caused by the disaster should be swiftly provided," Yoon said at the meeting, according to Kim. Yoon also expressed his condolences to flood victims and their bereaved families, Kim said. Also on Saturday, Yoon held a meeting with his aides on the government's response to heavy rains and flooding in Korea, officials said. The meeting was held as Yoon was en route to Warsaw after making a surpri

Jul 16, 2023
Yoon calls for swift support for victims hit by heavy rains
  • Torrential rains leave 35 dead, more than 10 missing

DPK threatens to submit proposal to open parliamentary probe into expressway project next week

Rep. Jung Chung-rae, left, and main opposition Democratic Party leader Lee Jae-myung are seen speaking at a party meeting held at the National Assembly in Seoul, Friday. YonhapThe main opposition Democratic Party (DP) could submit a motion next week demanding a parliamentary probe into allegations the government changed the route of an expressway project to help the family of first lady Kim Keon Hee profit from it, an official said Friday.The Seoul-Yangpyeong expressway project has emerged as one of the biggest political issues after the DPK alleged the highway's endpoint was changed to where Kim's family owns land in Yangpyeong, east of Seoul, as prices of the land would rise if the road is built.The ruling People Power Party (PPP) has already rejected the DPK's proposal of a parliamentary probe, arguing the allegations have been proven groundless, but the DPK now says it can submit a motion on its own if the PPP does not agree."We plan to submit a request to open a parliamentary probe at the plenary session next week," a senior DPK official said in a phone call with Yonhap News Age

Jul 14, 2023
DPK threatens to submit proposal to open parliamentary probe into expressway project next week

Korean employers in US call for bigger visa quota for professional workers

Ruling People Power Party Chairman Rep. Kim Gi-hyeon speaks during a policy meeting with Koreans in the U.S. at the Korean Community Center in Washington, D.C., Monday. Courtesy of People Power PartyBy Ko Dong-hwanKorean businesses in the United States urged the ruling party to make efforts to expand the quota of American visas for professional workers for Korean companies, saying their operations are being hampered by labor shortages due to the U.S. visa restrictions.During a meeting between members of the Korean Chamber of Commerce and Industry in the USA (KOCHAM) and a delegation of the People Power Party (PPP), including chairman Rep. Kim Gi-hyeon, Thursday (local time), the businesses asked the Korean government and the ruling party to urge Washington to expand the issuance of U.S. visas for nonimmigrant skilled workers or the H-1B visa.According to the delegation, the number of H-1B visas issued per year is usually limited to some 80,000 among applicants from all countries, so it is not easy to bring skilled Koreans to their companies.In that respect, the businesses said that K

Jul 14, 2023By Ko Dong-hwan
Korean employers in US call for bigger visa quota for professional workers

Prosecutors raid home of ex-schedule manager of former DPK leader Song

Former DPK leader Song Young-gil speaks to reporters in front of the Seoul Central District Prosecutors Office on June 7. Korea Times photo by Ahn Da-eunProsecutors raided the home of a former schedule manager of Song Young-gil, an ex-leader of the main opposition Democratic Party of Korea (DPK), on Friday in connection with a cash-for-vote scandal involving the party's 2021 leadership election.The Seoul Central District Prosecutors Office sent investigators to the home of the ex-aide, surnamed Lee, to seize evidence. The scandal centers on allegations that Song's campaign distributed cash envelopes totaling 94 million won ($74,161) to 20 DPK lawmakers and other party members in the runup to the party's leadership election in May 2021, which he ultimately won.Lee was in charge of managing Song's schedule and accounting for his campaign around the time of the election.Earlier this month, another former aide to Song was arrested in connection with the scandal on charges of involvement in the distribution of 67.5 million won of the total in collusion with other campaign officials to hel

Jul 14, 2023
Prosecutors raid home of ex-schedule manager of former DPK leader Song
previous page
379380381382383
next page

Most Read in South Korea