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Yoon sends back bill to probe Halloween disaster

President Yoon Suk Yeol shot down a bill that would have given the National Assembly the authority to initiate a new probe into the deadly crowd crush incident in Seoul during the Halloween weekend in October 2022, his office announced Tuesday. The decision came hours after the Cabinet passed a motion on Tuesday morning demanding the parliament reconsider a special bill and giving Yoon grounds to veto it, at the Gove.

Yoon rejects special act to investigate Itaewon tragedy

President Yoon Suk Yeol rejected a special act aimed at investigating the 2022 crowd crush in central Seoul s Itaewon, which resulted in the death of 159 people. The government justified the rejection by stating that the act, driven by the opposition, undermines constitutional principles due to its intent to establish an investigation committee.

Government bonds to be sold for individual investors by June

The finance ministry said Friday it will begin selling government bonds for retail investors by the end of June, as investors have shown increased appetite for stable investment options.

Government to spend 65% of 2024 budget in H1

The government will spend more than 65 percent of its 2024 fiscal budget in the first half of the year in a bid to boost demand and bolster people’s livelihoods, the country’s top economic policymaker said, Tuesday.

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