The main opposition Democratic Party of Korea (DPK) is seeking to introduce legislation that would prohibit the importing of processed products from the vicinity of Fukushima and enhance the labeling of product origin.
The embattled opposition leader, Lee Jae-myung, again denied all the corruption allegations facing him, Thursday, accusing President Yoon Suk Yeol of abusing his power to remove his political opponents, ahead of lawmakers upcoming vote on his arrest warrant. A day after describing the president as a “gangster,” Rep. Lee of the Democratic Party of Korea (DPK) claimed he had become a victim of the prosecution s “legal hunting” only because he lost in the presidential election.
The main opposition Democratic Party of Korea (DPK) recently indicated its intention to propose legislation similar to the U.S. Inflation Reduction Act (IRA), raising concerns that such a move would end up triggering conflicts with major trading partners, such as the U.S, Japan and the EU. “If Korea enacts a law similar to the U.S. IRA, it could be considered a violation of the WTO agreement on subsidies, although it remains uncertain whether the U.S., EU and Japan would point out the matter,” said Cheong In-kyo, professor of international trade at Inha University.
Meet high-quality contents on KBS WORLD Radio in 11 languages, including news, K-pop, and online Korean-language classes. Also available are programs featuring life, culture, tourism and history of Korea and update news on North Korea.
Heated debates arose at the National Assembly after President Yoon Suk-yeol floated the idea of altering Korea s electoral system to introduce multiple representatives for electoral districts. Parties are struggling to find alignment as each lawmaker has their own interests depending on their constituency and political stature, lowering the chances of seeing drastic changes in the upcoming 2024 general election.