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A main opposition-controlled parliamentary standing committee on Thursday unilaterally passed a total of five contentious bills, including a watered-down version of the revision to the Grain Management Act that was vetoed by President Yoon Suk Yeol last year. The move aims to expedite their consideration, intending to usher them directly into a plenary session at the National Assembly for voting. The main opposition ...

Pending Bill: Partial Amendment to the Income Tax Act Proposed by Rep. Park Dae-chul (People Power Party) ●This amendment proposes canceling the planned implementation of the financial income tax system next year, which imposes a 20-25 percent tax on capital gains from investments in financial investment products, such as stocks, bonds and funds, that are worth 50 million won ($38,230) or more. The financial investm...

The home of the late Jin A-young sits overlooking the rocky shores at Weolryeong-ri 381, Hanrib-eup in Jeju City, in the west of Jeju Island. The unassuming house, preserved in almost the exact state as it was when Jin died on Sept. 8, 2004, at the age of 90, is about the only earthly remnant of her life, torn apart by the massacres that took place there over half a century ago. On a table in her home was a dust-cove...

Bringing Taiwan to the World and the World to Taiwan

On November 28, 2023, the Council on Foreign Relations’ program on U.S.-Korea Policy held an in-person workshop on U.S.-South Korea policy coordination toward China on supply chain resiliency.