Beyond the headline dispute over the income replacement rate, other key issues divide the two camps. One is the timing and scope of structural reforms, with the ruling party seeking front-loaded and expansive overhaul and the opposition favoring a phased approach focused on parametric changes.
China Summons Korean and Japanese Diplomats to Protest Taiwan President's Inauguration Attendance, South Korea to Chair UN Security Council in June, Prepared to Convene Meetings on North Korean Provocations
The global semiconductor industry is undergoing a major shift as countries, led by the United States, aggressively invest in domestic production.
Moon's Memoir Sheds Light on North Korea Summits and Diplomacy, U.S.-South Korea Space Ties Reaches New Level, South Korea Aims to Shape Global AI Governance at Seoul Summit
In a surprising turn of events, five-term lawmaker Woo Won-sik defeated perceived frontrunner Chu Mi-ae to become the Democratic Party's candidate for National Assembly speaker.
Korea-Japan Business Conference Held in Tokyo, Former Local Government Leaders Rise in the Democratic Party, International Effort Yields Arrests in Brutal Pattaya Murder Case
Korea Expresses Regret Over Japan's Pressure on Naver, Government Moves to Restructure Real Estate PF Market, USD/KRW Threatens Korean Growth
Gwangju Remembered on 44th Anniversary, Tensions Over Japanese Government Pressure on Naver to Sell Line Stake, Pressure on Korea to Decouple from China
Korea's newly announced "Reshoring Support Strategy 2.0" aims to boost domestic investment by expanding subsidies and incentives for companies repatriating overseas earnings and facilities. Capital repatriation will now be recognized as a form of reshoring investment.
Special prosecutor probes put President Yoon's leadership to the test, U.S. EV rules force Korean automakers to rethink China ties, and Korean cuisine goes globally mainstream as cultural exports boom.
South Korea is actively considering a role in "Pillar 2" of the AUKUS security partnership between the US, UK, and Australia, following discussions at the Korea-Australia Foreign and Defense Ministers' Meeting on May 1.
The long-awaited meeting between President Yoon Suk-yeol and Democratic Party leader Lee Jae-myung finally took place on April 29, marking the first summit between the two political rivals since Yoon took office nearly two years ago.