[Newsmaker] Giant rubber duck enthralls despite Lotte controversy

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[Graphic News] Unified Korea’s per-capita GDP to $70,000 in 2050: study

The gross domestic product per capita of a unified Korea would reach $73,747 in 2050, the second-highest GDP figure among G20 countries, according to a projection made on Monday.Professor Kim Byung-ye...

Updated : 2014.10.21 20:56

NPAD criticizes finance minister for role in Lee’s ‘resource diplomacy’

Opposition lawmakers stepped up their criticism Tuesday against Finance Minister Choi Kyung-hwan for allegedly playing a key role in a policy that has increased public debt by trillions of won.Choi served in the Lee Mung-bak administration as the minister of knowledge economy, a post that ...

Updated : 2014.10.21 20:53

Floor leaders agree on Assembly schedule

Floor leaders of the main parties on Tuesday agreed on a tight parliamentary schedule.The timetable must be executed in a timely fashion to avoid a budget fracas similar to last year’s when lawmakers passed the 2014 budget minutes into the New Year.According to the agreements, Rep. Lee Wa...

Updated : 2014.10.21 20:50

Time away boosts ratings for Ahn

Former main opposition cochairman Rep. Ahn Cheol-soo’s approval ratings appear to be rising despite stepping back from the center of power. According to a survey conducted by Realmeter, Ahn’s rating...

Updated : 2014.10.21 20:49

Parties to launch task force on public safety

Rival political parties agreed Tuesday to launch a task force to tackle public safety issues in the wake of last week's deadly accident at a pop concert that left more than two dozen people killed or injured.Sixteen people were confirmed dead and 11 others seriously injured after a ventila...

Updated : 2014.10.21 17:32

[Newsmaker] Concert accident refocuses parties on safety

Public safety has once again gripped the National Assembly with the recent ventilation shaft accident making the ruling and opposition parties hone in on related issues.On Friday, grates covering a ve...

Updated : 2014.10.20 21:26

Korea-Australia free trade pact hangs in the balance

South Korea’s legislature is likely to pass the Korea-Australia free trade agreement in the coming months, Seoul officials said Monday, although multiple political and legislative factors could delay its final ratification to sometime next year.“It appears the deal will be passed sooner ...

Updated : 2014.10.20 21:20

Park returns home after visit to Italy

President Park Geun-hye returned home Saturday from a visit to Italy for a biennial summit of Asian and European leaders and separate talks with Italian leaders.   Park's agenda for the summit of th...

Updated : 2014.10.18 16:11

Park says won’t give up on inter-Korean dialogue

MILAN/ROME ― South Korean President Park Geun-hye said that she won’t let the opportunity for inter-Korean dialogue go, on the second-day of a biennial meeting with Asian and European leaders in Milan, amid growing concerns that the expected talks with North Korea could be cancelled.“We...

Updated : 2014.10.17 21:56

Park arrives in Rome for talks with Pope and Italian leaders

ROME (Yonhap) -- South Korean President Park Geun-hye arrived in Rome on Friday for talks with Pope Francis and Italian leaders on the last day of her visit to Italy that culminated in her debut at a biennial summit of Asian and European leaders.Park's planned meeting with the pope comes t...

Updated : 2014.10.17 21:36

Saenuri chief apologizes over constitutional debate

South Korea’s ruling party chief on Friday made a rare public apology to President Park Geun-hye for broaching the highly sensitive topic of a constitutional revision that would likely reduce the rol...

Updated : 2014.10.17 21:31

Park says won’t give up on inter-Korean dialogue

MILAN -- South Korean President Park Geun-hye said that she won’t let the opportunity for inter-Korean dialogue go, on the second-day of a biennial meeting with Asian and European leaders in Milan, amid growing concerns that the expected talks with North Korea could be cancelled.“We will...

Updated : 2014.10.17 17:31

Parliamentary debate over nuclear power plants produces no result

A parliamentary debate on Friday over shutting down two controversial nuclear power plants failed to produce a bipartisan consensus, with lawmakers divided along party lines during a session of the ongoing government audits.Lawmakers from the main opposition party New Politics Alliance for...

Updated : 2014.10.17 16:35

Ruling party chief apologizes to Park over constitutional debate

The chief of South Korea's ruling party apologized to President Park Geun-hye Friday after his remarks on a possible constitutional revision were seen as challenging the president's authority.On Thursday, Kim Moo-sung, chairman of the Saenuri Party, said he expects an "outpouring" of polit...

Updated : 2014.10.17 10:46

Park: N.K. key to Eurasia plan

MILAN -- President Park Geun-hye urged Asian and European leaders on Thursday to support her Eurasia Initiative to strengthen the “physical connections” between the two continents, stressing that su...

Updated : 2014.10.17 04:21