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Adm. Kim Myung-soo, nominee of the Joint Chiefs of Staff (JCS) chairman, was grilled at his confirmation hearing in the National Assembly, Wednesday, over stock transactions he made while on duty including days when North Korea launched ballistic missiles. ....
South Korea took part in Japan s international naval fleet review for the first time since 2015 in Sagami Bay off Tokyo, Sunday, in a symbolic gesture for rapprochement amid intensifying threats from North Korea. Soyang, a 10,000-ton logistics support ship of South Korea s Navy, was among the 18 vessels from 12 countries participating in the event to promote peace and commemorate the 70th founding anniversary of the Japanese Maritime Self-Defense Force (JMSDF). ....
Tax hikes set to be on table amid rising debts Posted : 2021-03-09 11:58 Updated : 2021-03-09 15:45 Tax hikes are looking to happen in South Korea even under the toll of COVID-19 s economic impact that has already been heavy on shoulders of many citizens, especially small-to-medium size business owners and temporary workers. Korea Times file Raising taxation may not sound plausible for now as households and companies are still struggling to bear the brunt of the COVID-19 pandemic, but talks of tax hikes are set to simmer in South Korea to help repair the state coffers amid growing national debt. ....