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Seoul Mayor Oh Se-hoon sought the support of National Assembly lawmakers on Wednesday in his bid to have the finance ministry help the city's subway operator keep offering free rides to senior citizens.
The presidential office is wary of the main opposition Democratic Party of Korea's (DPK's) attempt to impeach Minister of the Interior and Safety Lee Sang-min for his allegedly insufficient response to the Itaewon crowd disaster last October.
Korea plans to raise the minimum amount of intra-affiliate deals that need to be filed publicly, the antitrust regulator said Monday, as it seeks to lift excessive regulations.
South Korea and the U.S. will conduct a joint military drill next month to deal with a possible North Korean nuclear attack. The exercise is part of the two countries' efforts to carry out extended deterrence. The defense ministry announced the exercise during a policy briefing to President Yoon Suk Yeol, Wednesday, pledging to focus on building an “overwhelming response capability” to deter the North's provocations.
The government said Wednesday that it will prioritize creating more jobs and stabilizing prices in the first half of this year by front-loading at least 60 percent of its 2023 budget, which is worth 638.7 trillion won ($500 billion).The decision came as the nation's economy is forecast to remain in the doldrums for the time being amid a global economic slowdown caused by high inflation and supply chain disruptions.