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  National Assembly impeaches chief auditor, 3 senior prosecutors SEOUL, December 5 (AJP) - The National Assembly passed a motion on Thursday to impeach Choi Jae-hae, the head of the Board of Audit and Inspection, marking the first-ever impeachment of a chief auditor in South Korean history. The main opposition Democratic Party accused Choi of allegedly covering up issues for President Yoon Suk Yeol's administration, claiming that he violated political neutrality required for the post. The DP claimed that Choi obstructed a parliamentary aud December 5, 2024
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  South Korea to ease regulations on bus terminal facilities to boost revenue SEOUL, December 5 (AJP) - South Korea's Ministry of Land, Infrastructure and Transport announced plans, Thursday, to allow logistics warehouses, large retail stores, and indoor sports facilities to operate within urban planning facilities including bus terminals, in a bid to address financial challenges faced by regional transportation hubs. The regulatory reform will expand the number of urban planning facilities eligible for commercial development from 23 to 40 types, excludin December 5, 2024
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  Ambassador to Saudi Arabia named new defense chief SEOUL, December 5 (AJP) - South Korean Ambassador to Saudi Arabia Choi Byung-hyuk was named as the successor to Defense Minister Kim Yong-hyun on Thursday. "President Yoon Suk Yeol accepted Kim's resignation and nominated Choi as the new defense minister," said Presidential Chief of Staff Jeong Jin-seok at the presidential office in Yongsan, Seoul. Kim tendered his resignation after Yoon's abrupt declaration of martial law ended in a chaotic overnight fiasco e December 5, 2024
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  Military pact between North Korea and Russia comes into effect SEOUL, December 5 (AJP) - A treaty pledging mutual military assistance between North Korea and Russia took effect this week after the two countries exchanged ratification documents, the North's state-run Korean Central News Agency (KCNA) reported Thursday. Initially signed during Russian President Vladimir Putin's visit to Pyongyang in June, the military pact commits both countries to come to each other's aid in the event of an armed attack. Effective Wednes December 5, 2024
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  Railway workers go on indefinite strike after last-minute talks break down SEOUL, December 5 (AJP) - Unionized subway and railway workers went on an indefinite all-out strike on Thursday, demanding higher wages and better working conditions. Labor and management sides sat down for last-minute negotiations but were unable to narrow their differences before the pre-noticed deadline the previous day. But the unionized workers of the Korean Railway Workers' Union said they remain open to further talks to resolve the deadlock over labor negotiations. December 5, 2024
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  South Korea will focus R&D spending on chips, robots, AI SEOUL, December 05 (AJP) - The South Korean government announced plans to significantly increase research and development investment in semiconductors, robotics, and artificial intelligence during the third Strategic Planning Investment Council meeting held at the Korea Chamber of Commerce in Seoul. The Ministry of Trade, Industry and Energy will expand its "ultra-gap projects" to include new technologies such as battery safety for electric vehicle fire prevention, next- December 5, 2024
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  SingCham Korea hosts gala in Seoul to foster ties with Korea SEOUL, December 05 (AJP) - The Singapore Chamber of Commerce in Korea (SingCham Korea) held its first gala event, bringing together over 200 distinguished guests from the business, diplomatic, and cultural communities. The event, held at the Signiel Seoul hotel on Nov. 29, was a night of celebration, collaboration, and reflection on the chamber's achievements and growing role in fostering ties between Singapore and South Korea. Set against the backdrop of Seoul's city s December 5, 2024
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  OPINION: North Korea Provocations Underscore South Korea's Success KENOSHA, December 05 (AJP) - North Korea’s contribution of combat troops to aid Russia in Ukraine has drawn global attention and headlines, but is only one component of ongoing ominous moves. At the start of this year, Pyongyang fired artillery barrages near a maritime buffer zone. On the west coast, Pyongyang wants to move the maritime border south. Roads and railroads linking North and South have been shut down. The North is jamming GPS signals in the South. South Kor December 5, 2024
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  Yoon faces decisive week as impeachment vote looms after martial law debacle SEOUL, December 5 (AJP) - An impeachment motion against President Yoon Suk Yeol, after his abrupt late-night declaration of martial law earlier this week, was referred to the National Assembly's plenary session on Thursday. This procedural step paves the way for a vote on the motion later this week, posing a significant challenge to the embattled president's political future. The motion, proposed by 191 lawmakers from six opposition parties, including the main opposition December 5, 2024
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  South Korea's economic growth slows in 3rd quarter amid weak exports SEOUL, December 5 (AJP) - South Korea's economy grew by 0.1 percent in the third quarter of 2024, marking the second consecutive quarter of sub 1 percent growth as exports declined and construction investment remained weak, the Bank of Korea (BOK) said on Thursday. The tepid growth was primarily driven by a 0.2 percent contraction in exports, the first decline in seven quarters, led by decreased shipments of automobiles and chemical products. While private consumption rose December 5, 2024