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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.

Korea toughens regulations on public servants' real estate

LH headquarters in Jinju, South Gyeongsang Province / YonhapGovernment officials and public employees involved in real estate affairs will be required to register their assets with the authorities, the Ministry of Personnel Management said Sunday. The ministry last week preannounced the latest revision to the enforcement ordinance of the Public Service Ethics Act. The new rules will take effect on Oct. 2. The move came as the government is toughening property regulations on public servants in the wake of a land speculation scandal involving employees of Korea Land and Housing (LH), a state-run housing developer.Under the revision, officials involved in real estate issues in the central and local governments, pubic institutions and companies affiliated with central and local governments will be obliged to report their assets once a year. Their reports this year must contain details on their real estate holdings, including acquisition dates, circumstances and sources of income.Their future acquisition of properties related to their jobs will also be strictly regulated under the new rul

Jun 20, 2021
Korea toughens regulations on public servants' real estate

Ruling party pushes for heavy financial penalties for fake news

Rep. Song Young-gil, the chairman of the ruling Democratic Party of Korea / YonhapThe Democratic Party of Korea will push to stamp out fake news by legislating a new law that obliges media to pay punitive damages for the spread of malicious disinformation and misinformation, officials said Friday.The new law the ruling party aims to pass through the National Assembly by the end of this month calls for the payment of compensation three to five times the calculated amount of damage caused by false information in news, they said.The imposition of extraordinary financial penalties was proposed as part of a new relief system for damage from fake and manipulated information unveiled by the party's special committee on media reform in a session Thursday.In case it is difficult to calculate the amount of damage, the committee suggested that it be estimated to be between 30 million won ($26,500) and 50 million won. It means that a maximum compensation of 250 million won would be possible even in the case of failure to calculate the amount of damage from fake news.Aware of criticism that the n

Jun 18, 2021
Ruling party pushes for heavy financial penalties for fake news

Korea to develop over 100 mini satellites by 2031

gettyimagesbankSouth Korea said Friday it will develop over 100 miniature satellites over the next decade with the aim of establishing a national security monitoring system and testing next generation network communications in its latest push to strengthen its space industry.The Ministry of Science and ICT said it would pursue such satellite development to encourage the private sector's involvement in the space industry as the mini satellites can be manufactured in a short amount of time at a relatively low cost.South Korea's space program has so far been driven by large-scale state-led projects, such as the launch of its first homegrown space rocket slated for October this year.The ministry said it would pursue new mini satellite projects led by the private sector, such as optical and radar observation of the Korean Peninsula, as well as testing satellite communications network technology, to spur the local space industry's development of mini satellites.The country aims to launch 14 low earth orbit communications satellites by 2031 to establish a satellite communications network wi

Jun 18, 2021
Korea to develop over 100 mini satellites by 2031

Moon back in Seoul after three-nation Europe visit

President Moon Jae-in and his wife Kim Jung-sook arrive at Seoul Air Base in Seongnam, Gyeonggi Province, June 18, after a G-7 summit in Britain. YonhapPresident Moon Jae-in returned to South Korea on Friday following a weeklong visit to Britain, Austria and Spain.He joined a Group of Seven (G-7) summit in the British county of Cornwall, which marked the first major multilateral summit to take place in the midst of the COVID-19 pandemic. Attending plenary sessions on heath, open societies and climate as a guest, Moon demonstrated Seoul's commitment to playing a bigger role in addressing pending global issues.He then made state visits to Austria and Spain, during which South Korea agreed to lift the level of bilateral relations with the countries to a "strategic partnership."Moon's summit diplomacy this time has served as an opportunity to confirm South Korea's enhanced international stature and improve relations with European countries, according to Cheong Wa Dae. (Joint Press Corps-Yonhap)

Jun 18, 2021
Moon back in Seoul after three-nation Europe visit

Political circle in fierce competition to court young voters

Lee Jun-seok, the new chairman of the conservative main opposition People Power Party, rides a “Ttareungyi” bike, which is part of a bicycle-sharing service run by the Seoul Metropolitan Government, to get to the National Assembly from a nearby subway station, June 13, two days after being elected head of the party. He said he has often used the bike-sharing system, and he has not yet hired a driver, even though a vehicle has been provided for him by the party. YonhapBy Jung Da-minThe political parties here are in a fierce competition to appeal to young voters in their 20s and 30s, with less than nine months left ahead of the next presidential election slated for March next year. The practice of politicians seeking to appeal to the younger generations has often been observed in past election campaigns, but policy competition to win young voters' support has recently intensified, especially after the April 7 by-elections and the dramatic rise of 36-year-old politician Lee Jun-seok, who became the youngest-ever chairman of the main opposition People Power Party (PPP), June

Jun 18, 2021
Political circle in fierce competition to court young voters

Firefighter stranded inside fire-hit building

Smoke billows from a fire at a logistics center of e-commerce giant Coupang in Icheon, Gyeonggi Province, Thursday night. The fire, which broke out around 5:35 a.m. the same day, left one firefighter injured and another stranded inside the building as of 9:30 p.m., with 240 employees evacuated from the scene, police said. Yonhap

Jun 17, 2021
Firefighter stranded inside fire-hit building

Meeting of leaders of ruling and main opposition parties

Main opposition People Power Party (PPP) Chairman Lee Jun-seok, right, and ruling Democratic Party of Korea (DPK) Chairman Song Young-gil hold hands during the former's courtesy visit to the latter at the National Assembly, Thursday, six days after Lee was elected to lead the PPP. Korea Times photo by Oh Dae-geun

Jun 17, 2021
Meeting of leaders of ruling and main opposition parties

Former Prime Minister Chung announces run for president

Former Prime Minister Chung Sye-kyun announces his intention to run for president in Seoul, June 17. YonhapFormer Prime Minister Chung Sye-kyun on Thursday announced his intention to run for president next year, promising to become a leader to build a strong economy and stamp out inequality. Chung launched his bid for the nomination of the ruling Democratic Party (DP) under the slogan of "Strong Korea, Economic President." "I will be an economic president of a strong Republic of Korea, who fights all inequalities," he said during an event in Seoul to kick off his candidacy. "If I can heal wounds of the people and eradicate all gaps caused by unfairness and inequality, I am willing to devote all my life lived and the rest of my life," he said.He is expected to face an uphill battle to win the DP ticket, as he comes in a distant third among DP hopefuls after Gyeonggi Province Gov. Lee Jae-myung and former Prime Minister Lee Nak-yon. In a survey conducted this week and released Thursday by four pollsters, Chung ranked sixth with support of 1 percent along with four other minor potential

Jun 17, 2021
Former Prime Minister Chung announces run for president

Lawmaker promotes bill on tattooing with bold performance

Rep. Ryu Ho-jeong of the progressive minor Justice Party reveals her back full of erasable tattoos at the National Assembly on June 16, as a part of her campaign to liberalize strict regulations on tattooing. YonhapRep. Ryu Ho-jeong of the progressive minor Justice Party has taken a bold step in her campaign to liberalize strict regulations on tattooing: revealing her back full of erasable tattoos in a purple dress. Ryu delivered the performance during a joint news conference with a group of tattooists at the National Assembly on Wednesday, to promote a bill she proposed last week. "Tattoos you can easily see on the streets are still illegal," she said, claiming a decades-ago court ruling that has prohibited tattoos by non-medical people is "too old for South Korea in the year of 2021."In Korea, tattooing itself is not illegal but should be only conducted by professional doctors. This dates back to a 1992 Supreme Court ruling that defined tattooing as a medical service. Article 27 of the Medical Service Act indicates that "medical practices," including tattoos, can only be conducted

Jun 17, 2021
Lawmaker promotes bill on tattooing with bold performance

Main opposition sees influx of young members following new leader's sensational election

People Power Party (PPP) chairman Lee Jun-seok speaks at the party's supreme council meeting at the National Assembly in Seoul, June 17. YonhapThe conservative main opposition People Power Party (PPP) has seen an influx of new members, especially those in their 20s and 30s, in the wake of the sensational ascent of young new party leader Lee Jun-seok.According to party officials, some 23,000 people nationwide have joined the PPP as new members since May 12, including 10,000 who joined through online processes. The figure marks about a tenfold increase from the same period a year earlier, which came amid Lee's surprise ascent to the party leadership. "The PPP is witnessing an increase of new members throughout all generations, but it has seen an obvious, noteworthy growth in the ratio of (party members in their) 20s and 30s," a PPP official noted. The 36-year-old Harvard-educated politician without experience as a lawmaker entered the PPP's leadership race as an underdog but won a surprise victory in the primary in late May against big-name senior rival candidates and was finally elect

Jun 17, 2021
Main opposition sees influx of young members following new leader's sensational election
  • Young leader's nomination exam plan raises question
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