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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.

Main opposition candidate Yoon trapped in dilemma after Park's release

Yoon Suk-yeol, the presidential candidate of the conservative main opposition People Power Party (PPP), holds a press conference to announce his policy promises on the capital market sector, at the PPP's headquarters in Yeouido, Seoul, Monday. Joint Press CorpsBy Jung Da-min The main opposition conservative People Power Party (PPP) and its presidential candidate Yoon Suk-yeol are facing a dilemma over how to respond to last week's presidential decision on a special pardon for former President Park Geun-hye who had been jailed over a massive corruption scandal.As Park still has influence in the conservative PPP's home turf of Daegu and North Gyeongsang Province while Yoon, as senior prosecutor, led the investigation into the scandal that ended with her imprisonment, he and the party are at a loss over whether they should make a more conciliatory gesture toward the former president to embrace her supporters, or keep their distance from her so as not to lose support from centrist voters, especially around the planned regional visit later this week.The visit had been arranged before the

Dec 27, 2021
Main opposition candidate Yoon trapped in dilemma after Park's release

Yoon seeks breakthrough with wife's apology over resume falsification allegations

Kim Keon-hee, the wife of People Power Party presidential candidate Yoon Suk-yeol, bows her head after apologizing for falsifying her qualifications in her resume, at the party's headquarters in Yeouido, Seoul, Sunday. YonhapKim Keon-hee admits to exaggerating her professional record on CVBy Kwon Mee-yooThe wife of main opposition People Power Party (PPP) presidential candidate Yoon Suk-yeol apologized, Sunday, for falsifying her credentials, reflecting the party's decision to face the issue head on amid decreasing support for the candidate.Kim Keon-hee, Yoon's wife, has remained behind the scenes during her husband's presidential campaign so far, mainly because of various allegations involving her and her mother. But on Sunday, she made her first official appearance since Yoon's presidential bid in June, to make an official apology. "I committed acts of wrongdoing while trying to work and study at once. I exaggerated my career to make it look good and there were some mistakes. I shouldn't have done that and I am very ashamed as I look back on it. It is all my fault. Please forgive m

Dec 26, 2021By Kwon Mee-yoo
Yoon seeks breakthrough with wife's apology over resume falsification allegations

Meeting on support for postpartum care

Lee Jae-myung, left, the presidential candidate of the ruling Democratic Party of Korea, speaks during a meeting at the party headquarters in Seoul, Sunday, to discuss policy ideas on a public postpartum care service center, one of his campaign pledges. Yonhap

Dec 26, 2021By Bahk Eun-ji
Meeting on support for postpartum care

Yoon's wife publicly apologizes over allegations of falsifying resumes

Kim Keon-hee, the wife of the main opposition People Power Party's presidential candidate Yoon Suk-yeol, speaks during a press conference at the party office in Seoul, Dec. 26. YonhapThe wife of Yoon Suk-yeol, presidential candidate of South Korea's main opposition party, publicly 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 Party, has faced allegations that she falsified her credentials when applying for teaching positions at two local universities in 2007 and 2013."I shouldn't have done it. In retrospect, it was too shameful," she said during a televised press conference. "All was my fault and carelessness. Please forgive me."Kim's move came as Yoon's approval ratings have been on a notable decline in recent weeks, with multiple opinion polls showing that he is in a tight race with Lee Jae-myung of the ruling Democratic Party.The resume she sent to Suwon Women's University in 2007 allegedly included false claims tha

Dec 26, 2021
Yoon's wife publicly apologizes over allegations of falsifying resumes

Yoon vows to fix tax system to stabilize housing market

Yoon Suk-yeol, the presidential nominee of the main opposition People Power Party (PPP), speaks during a press conference at the National Assembly, Dec. 24. Yonhap Yoon Suk-yeol, the presidential candidate of the main opposition People Power Party (PPP), said Saturday he will fix the country's tax system to stabilize the housing market. "The current government thought soaring home prices were caused by multiple-home owners' speculative demand, or their cornering in and hoarding of the market, but that is wrong," Yoon said on 3Pro TV, a YouTube channel dealing with the economy. "I will rationalize the tax system, so that multiple-home owners' properties can be offered on the market."Yoon hinted that he would ease the heavy capital gains tax on multiple-home owners if he wins the upcoming presidential election. "You need to raise the capital gains tax moderately, but since it went up too sharply over gift tax, people are not selling their properties, but instead givin

Dec 25, 2021
Yoon vows to fix tax system to stabilize housing market

Ruling party presidential candidate says Korean stocks are undervalued

Lee Jae-myung, the presidential candidate of the ruling Democratic Party of Korea (DPK), speaks at a campaign event at the party's headquarters in Seoul, Dec. 24. YonhapLee Jae-myung, the presidential candidate of the ruling Democratic Party of Korea (DPK), said Saturday that South Korean stocks were undervalued and he believed the KOSPI could go up to the 5,000-point range."The KOSPI reaching 5,000 points is not difficult," Lee said on 3Pro TV, a YouTube channel devoted to the economy. The KOSPI closed at 3,012.43, Friday. Asked why he thinks local stocks are undervalued, Lee pointed to a lack of transparency in the market. "Since the country's stock manipulation crackdown is very low and punishment is too weak ... people do not trust the market," Lee said. The former Gyeonggi Province governor suggested the National Pension Service (NPS), South Korea's top institutional investor, increase its portion of local investments. He also called for "rationalizing" the short-selling system rather than scrapping it. When it comes to investing in virtual assets, Lee proposed making "authorize

Dec 25, 2021
Ruling party presidential candidate says Korean stocks are undervalued

Moon wishes everyone a 'caring, hopeful' Christmas

President Moon Jae-in, center, encourages medical staff during a visit to Ewha Womans University Medical Center in Seoul, Dec. 24. Yonhap President Moon Jae-in expressed the hope Saturday that Christmas will serve as a day to care and give hope to each other as he also delivered a message of encouragement to people suffering from COVID-19."Helping hands that look around to see whether our neighbor is sick, eating meals, living in a warm room would be the heart of Jesus," Moon wrote in his message posted on Twitter on Christmas morning. "We are heading to a light. We will do our best to make the world a warmer place." Moon's Christmas message, which was also posted on Facebook, came a day after the government announced its decision to grant clemency to 3,094 convicts, including a pardon for former President Park Geun-hye, in the name of national unity and “humble inclusiveness.” Moon also consoled people suffering from COVID-19 amid the country's fight against the vi

Dec 25, 2021
Moon wishes everyone a 'caring, hopeful' Christmas

2021's Top 10 News Korea goes into election mode amid ongoing pandemic

By Nam Hyun-woo, Anna J. ParkWhen 2021 began, hopes were high that Korea and the world would be able to get over the COVID-19 pandemic, as the vaccination drive would begin. However, another year has passed without dramatic progress in returning to pre-pandemic life. While the country has been struggling with social distancing, quarantines and other new measures that have instead become the new normal of the pandemic, many significant political, social and economic events have also taken place in Korea. Here are the top 10 news topics that The Korea Times found most important this year.Main opposition People Power Party presidential candidate Yoon Suk-yeol, left, and ruling Democratic Party of Korea candidate Lee Jae-myung / Korea Times file1. Unlikable presidential candidatesThe ruling Democratic Party of Korea (DPK) and the main opposition People Power Party (PPP) each selected Lee Jae-myung and Yoon Suk-yeol as their respective presidential candidates for the next presidential election in March 2022.However voters' expectations for the new government remain pessimistic, because th

Dec 25, 2021By Nam Hyun-woo
[2021's Top 10 News] Korea goes into election mode amid ongoing pandemic

Moon to hold luncheon with chiefs of conglomerates

President Moon Jae-in, center, speaks with the chiefs of Korea's four major business groups at Cheong Wa Dae on June 2. From left are LG Group Chairman Koo Kwang-mo, SK Group Chairman Chey Tae-won, Moon, Hyundai Motor Group Chairman Chung Euisun and former Samsung Electronics Vice President Kim Ki-nam. Korea Times filePresident Moon Jae-in will hold a luncheon with the chiefs of conglomerates, including Samsung Electronics Vice Chairman Lee Jae-yong, to thank them for their participation in a government-led jobs project, Cheong Wa Dae said Friday.Other likely invitees to the lunch scheduled for Monday include the chiefs of KT, LG, SK, POSCO and Hyundai Motor Group, all of which took part in the project to create jobs for young people.SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Euisun and LG Group Chairman Koo Kwang-mo are discussing their attendance with Cheong Wa Dae.This will be the first meeting between Moon and Lee since the vice chairman was released from prison on parole in August.The President has previously praised the six companies for committing to tr

Dec 24, 2021
Moon to hold luncheon with chiefs of conglomerates

S. Korea's vice minister talks with Iranian envoy over 'pending' issues

South Korea's Vice Foreign Minister Choi Jong-kun, right, poses with Iran's Ambassador to South Korea Saeed Badamchi Shabestari at the Ministry of Foreign Affairs in Seoul, Friday. Courtesy of Foreign MinistrySouth Korea's Vice Foreign Minister Choi Jong-kun had discussions with Iran's top envoy here on "pending" bilateral issues Friday, his ministry said.Choi met with Ambassador Saeed Badamchi Shabestari and reaffirmed that Seoul will continue diplomatic efforts for progress in negotiations on Iran's nuclear program, taking the importance of Seoul-Tehran ties into consideration, it added.They also agreed to maintain close communication to resolve "pending" bilateral issues. The ministry stopped short of elaborating, while the matters are seen as including the problem of Iranian assets frozen in South Korea.An estimated $7 billion worth of Iranian assets remain in two South Korean banks under U.S. sanctions imposed following Washington's 2018 withdrawal from the multilateral nuclear pact with Tehran. (Yonhap)

Dec 24, 2021
S. Korea's vice minister talks with Iranian envoy over 'pending' issues
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