S. Korea's labor productivity gains in 2014

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Gov't announces plans to develop marine leisure industry

The government on Thursday announced a set of measures aimed at developing the country's marine leisure industry that also focuses on promoting marine activities.Under the measures, the Ministry of Oceans and Fisheries said it will work to more than double the number of leisure yachts and ...

Updated : 2015.05.07 10:40

Rival parties fail to pass pension reform bill

Rival parties on Wednesday failed to pass a pension reform bill for civil servants aimed at reducing chronic deficits in funds.   The ruling Saenuri Party and the main opposition New Politics Alliance for Democracy (NPAD) couldn't get the bill through the National Assembly during the ple...

Updated : 2015.05.06 21:26

Assembly approves Justice nominee

Saenuri Party lawmakers unilaterally approve the nomination of Park Sang-ok to the Supreme Court on Wednesday. (Yonhap)The governing party unilaterally approved the appointment of a controversial Supr...

Updated : 2015.05.06 19:02

[Newsmaker] Prosecutor-turned-politician at nadir over graft scandal

South Gyeongsang Province Gov. Hong Joon-pyo’s stellar legal and political career is facing uncertainty as he faces a prosecutorial summons Friday as a key suspect in a burgeoning graft scandal.The p...

Updated : 2015.05.06 18:56

Moon’s NPAD leadership hangs in the balance

Main opposition party chief Rep. Moon Jae-in’s leadership is being put to the test with mounting pressure to reorient the opposition’s political alignment and policy disposition following last week’...

Updated : 2015.05.06 18:52

Ex-PM campaign volunteer questioned in bribery scandal

A man who volunteered for former Prime Minister Lee Wan-koo's by-election campaign in 2013 was interrogated over allegations his former boss took bribes from a businessman, prosecutors said Wednesday.Lee stepped down as prime minister last month after the businessman's suicide note implied...

Updated : 2015.05.06 16:04

S. Korea eyes more deregulation to lure foreign investment

South Korea will further remove unnecessary and excessive regulations concerning foreign direct investment as part of efforts to boost foreign investment and the local economy, the government said Wednesday.Under its latest measures, approved at a Seoul meeting of economy-related ministers...

Updated : 2015.05.06 15:33

Cabinet passes ordinance to probe ferry sinking

The Cabinet approved Wednesday an ordinance for the investigation into the cause of last year's deadly ferry sinking which took more than 300 lives.The ordinance allows a special committee of 90 private- and public-sector experts to probe the cause of the sinking of the 6,825-ton ferry Sew...

Updated : 2015.05.06 13:56

Governor to be quizzed over alleged bribery

A provincial governor will undergo questioning later this week for allegedly taking bribes while he was campaigning for a party leadership election in 2011, prosecutors said Wednesday.Hong Joon-pyo, governor of South Gyeongsang Province, is among those presumed to have been bribed by the c...

Updated : 2015.05.06 13:53

Park to meet Bulgarian president next week

South Korean President Park Geun-hye will meet with Bulgarian President Rosen Plevneliev here next week to discuss cooperation in economic sectors, national security and other issues of mutual concern, Cheong Wa Dae said Wednesday.The summit will take place on May 14 during the Bulgarian p...

Updated : 2015.05.06 13:40

[News Focus] N.K. human rights bill in limbo for decade

Ruling party lawmakers are putting last-ditch efforts on legislating a long-held bill to address North Korean human rights issues amid partisan differences over policies toward the reclusive regime.The Saenuri Party and the government said last week that they would consider fast-tracking t...

Updated : 2015.05.05 21:04

S. Korea to overhaul special pardon system

South Korea said Tuesday it plans to come up with measures to improve its special pardons by next month in a bid to ensure that they are granted in a more fair and transparent manner.In South Korea, presidents usually grant special pardons in commemoration of major national holidays, thoug...

Updated : 2015.05.05 20:18

President blasts parties’ pension agreement

President Park Geun-hye on Monday criticized the scale of the latest deal on the public servants’ pension reform as falling short of public expectations, amid growing complaints that it was hastily r...

Updated : 2015.05.04 19:39

[Newsmaker] NPAD leader pledges drastic reforms

South Korea’s main opposition leader Monday vowed to “do anything” to win next year’s parliamentary elections in response to growing criticism from within his party for its crushing defeat in last...

Updated : 2015.05.04 19:36

Assembly resolution slams Japan’s UNESCO bid for wartime facilities

A resolution condemning the Japanese government’s attempt to list wartime facilities for conscripted Korean soldiers as World Heritage was passed by a parliamentary committee Monday. The resolution will be put to a final endorsement at the National Assembly’s plenary session Wednesday.“...

Updated : 2015.05.04 19:30