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Crushing by-election defeat stymies Moon s reform, peace initiatives

Crushing by-election defeat stymies Moon s reform, peace initiatives Posted : 2021-04-08 16:40 Updated : 2021-04-08 16:55 President Moon Jae-in speaks during a meeting with his aides and secretaries at Cheong Wa Dae, Monday. Yonhap By Nam Hyun-woo With Wednesday s by-elections to pick new mayors for Seoul and Busan ending in a crushing defeat for the ruling Democratic Party of Korea (DPK), observers say President Moon Jae-in is now likely to rapidly lose his grip on state affairs. They said the elections will also affect Moon s peace initiative for the Korean Peninsula, as Pyongyang is anticipated to strengthen its perception of inter-Korean relations as subordinate to those it has with the U.S., especially as the South Korean leader increasingly becomes a lame duck president.

Police raid land ministry over mounting LH scandal

Police raid land ministry over mounting LH scandal Posted : 2021-03-17 10:59 Land Minister Byeon Chang-heum / Yonhap Police conducted raids on Wednesday into multiple places, including the land ministry, in a widening investigation into alleged land speculation by employees of a state housing developer. Gyeonggi Nambu Police Agency has sent investigators to the Ministry of Land, Infrastructure and Transport located in the administrative capital of Sejong, some 120 kilometers south of Seoul. The raids have also been conducted at six other locations, including the headquarters of the Korea Land and Housing Corp. (LH), the state housing developer, in Jinju, South Gyeongsang Province, and a branch of Nonghyup Bank in Siheung suspected of providing loans to LH officials for land purchases.

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