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Thu, September 23, 2021 | 00:02
Korindo Chairman Seung Eun-ho wins appeal against $85-million in back taxes
Seung Eun-ho, chairman of Jakarta-based Korean company Korindo, which produces palm oil from plantations in Indonesia, has won an appeal over the imposition of the payment of back taxes in Korea of over 100 billion won ($85 million), issued by Korea's National Tax Service. The Seoul High Court ruled in favor of Seung, Thursday, following his request for the cancellation of th...
Manufacturing | 2021-09-17 17:42
Seoul, Tokyo still remain far apart over historical issues
Korea and Japan have once again found that they remain “parallel” over historical issues during senior-level talks held Thursday. With Japan scheduled to pick a new prime minister on Sept. 29, questions are rampant over whether the new leader can resolve the diplomatic disputes between Seoul and Tokyo
Diplomacy | 2021-09-17 16:39
Inter-Korean arms race intensifying
Contrary to the narrative of establishing peace on the Korean Peninsula, the arms race between the North and South is intensifying as both countries accelerate their missile development projects. North Korea's state-run Korean Central News Agency (KCNA) said Thursday that the country's railway-launched missile regiment held a firing drill, early in the morning the day before,...
Politics | 2021-09-16 16:41
Lee Nak-yon, 'man of prudence' with experience in administration and politics
Former ruling Democratic Party of Korea (DPK) Chairman Lee Nak-yon has been called a “man of prudence, seriousness and balance.” His supporters point to his rationality and ability to make balanced decisions after listening to conflicting parties, as having enabled him to succeed in managing various administrative and political positions stably, but the same attributes have a...
Politics | 2021-09-15 08:31
Ex-top prosecutor's presidential bid in crisis over power abuse allegation
Former Prosecutor General Yoon Seok-youl, the leading presidential contender of the main opposition People Power Party (PPP), is facing a crisis in his bid for the presidency, after a special body that investigates scandals involving high-ranking officials began looking into allegations that he abused his power as head of the prosecution. The scandal surfaced earlier this mon...
Politics | 2021-09-12 16:56
Yoon slammed for response to power abuse allegation
Former Prosecutor General Yoon Seok-youl, the leading presidential contender of the conservative main opposition People Power Party (PPP), has come under fire for his inappropriate remarks and overbearing manner while giving his account of a power abuse allegation. It has been alleged recently that Yoon ordered his aides to hand over documents to PPP lawmakers and to ask them...
Politics | 2021-09-09 16:48
Expert discussion on 'fake news' bill faces complications
A consultative body created by the country's two major parties held its first meeting, Wednesday, to discuss details of the ruling party's contentious revision bill to penalize publishers of alleged “fake news.” The likelihood of the body reaching an agreement, however, appears slim as the participants have clearly different opinions on the issue. Wide speculation is that the...
Politics | 2021-09-08 16:53
Vaccination rate surpasses 60%
People wait to receive coronavirus inoculations at a vaccination center in Mapo District, Seoul, Tuesday. As of that day, 60.1 percent of the population have received at least their first shot of a vaccine. The government is targeting a 70 percent first-shot vaccination rate before the Chuseok long weekend, which falls from Sept. 18 to 22. Yonhap
Health & Welfare | 2021-09-07 16:59
Creating jobs for young people
Prime Minister Kim Boo-kyum, right, poses with participants of an event marking the government's job creation project for young people, held at KT's technology convergence research center in southern Seoul, Tuesday. As the first company to participate in the project, KT announced its plan to hire 12,000 young people over the next three years. Yonhap
Politics | 2021-09-07 16:58
'Chinese FM's visit to South Korea is to curb US influence'
South Korea is facing a dilemma over how to strike a strategic balance between the United States and China as Beijing is set to increase its pressure on Seoul after Washington recently expressed its wish to bring more of its allies into the U.S.-led intelligence sharing alliance, known as “Five Eyes.” Chinese Foreign Minister Wang Yi's planned visit to the South next week is,...
Diplomacy | 2021-09-07 16:58
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