Opposition mulls delay of financial investment income tax

South Korea's main opposition party, whose lawmakers occupy a strong majority of the seats at the National Assembly, is leaning toward delaying the adoption of the financial investment income tax, observers said Sunday. The Democratic Party of Korea will likely agree with ruling People Power Party Chair Han Dong-hoon's request last month to agree on postponing the implementation of the new investment tax policy set to take effect next year. During a press briefing Sunday, Democratic Pa

Sept. 29, 2024

Assembly passes bills to toughen punishment for deepfake sex crimes

The National Assembly on Thursday passed a total of 70 bipartisan bills, including legislation that imposes stricter punishments on people who possess and view deepfake pornography knowingly. The revision to the Act on Special Cases Concerning the Punishment, Etc. of Sexual Crimes, seeks to penalize those who possess, purchase, store or view deepfake porn content with up to three years in jail or a fine of up to 30 million won ($22,500). After debate, lawmakers from the ruling People Power Party

Sept. 26, 2024

Yoon, ruling party leadership take flak over ‘meaningless’ dinner

Tuesday's dinner between President Yoon Suk Yeol and the ruling party leadership, including Chair Han Dong-hoon, sparked criticism from both sides of the partisan divide on Wednesday, with critics pointing to the absence of meaningful discussions at the event. There was no fixed agenda for the dinner meeting, but they were widely expected to discuss issues such as the country's deepening medical crisis, caused by the monthslong walkout of thousands of junior doctors protesting the gove

Sept. 25, 2024

KFA Chair denies unfair hiring of national coach

Korea Football Association chief Chung Mong-gyu on Tuesday denied any attempts to plot a “scheme or cover up the truth,” in the hiring of men’s national football team head coach Hong Myung-bo, which has been under suspicion of irregularities. He was summoned to testify before the National Assembly’s Culture, Sports, and Tourism Committee on the allegations that the KFA hired the 55-year-old star football player-turned-coach in July as the head coach of the men’s squ

Sept. 24, 2024