The conservative People Power Party (PPP) elected Rep. Kweon Seong-dong, a five-term lawmaker close to President Yoon Suk Yeol, as its new floor leader on Thursday.
The Democratic Party railroaded a reduced version of the government’s 2025 budget plan as well as a bill establishing a permanent special counsel probe into treason allegations against President Yoon Suk Yeol through the National Assembly on Tuesday.
People Power Party (PPP) floor leader Choo Kyung-ho offered to resign Saturday ahead of an impeachment vote against President Yoon Suk Yeol.
The presidential office may be open to adjusting the government’s previously announced plan to increase the 2026 medical school admissions quota by 2,000 seats.
The new floor leaders of the conservative People Power Party (PPP) and the liberal Democratic Party (DP) met for the first time since they were both elected on Monday, less than three weeks before the new National Assembly opens.
Lawmakers from the conservative People Power Party (PPP) elected former finance minister and two-term lawmaker Choo Kyung-ho as their new floor leader during a general meeting at the National Assembly on Thursday.
The government will extend the tax cut on fuel consumption for another two months amid uncertainties surrounding the war in the Middle East, according to the Finance Ministry on Tuesday.
Korea will extend the tax cut on fuel consumption throughout the end of the year amid concerns about inflationary pressure caused by the outbreak of the Israel-Hamas conflict in early October.
Finance Minister Choo Kyung-ho said in a ministerial meeting on Monday that the government will extend the tax cut from the end of October to stabilize oil prices that could escalate inflation, especially for energy and food.
Finance Minister Choo Kyung-ho announced plans to boost Korea's rechargeable battery industry and support small- and medium-sized enterprises through increased investment and regulatory reforms.
Korea JoongAng Daily Sitemap
