January 18, 2024

Jobs in public sector hit record high in 2022 amid pandemic

The number of jobs in the public sector reached an all-time high in 2022 as the government created more positions amid the COVID-19 pandemic, data showed Thursday.

A total of 2.88 million people were employed by the public sector in 2022, up 1.4 perc…

PPP to recommend Yoon veto special bill on Itaewon crowd crush

The ruling People Power Party (PPP) decided Thursday to recommend President Yoon Suk Yeol veto a special bill calling for a new probe into the 2022 Itaewon crowd crush, saying a fair investigation cannot take place under the bill.

The PPP instead pro…

S. Korea to toughen fines against share price manipulation

South Korea will toughen fines against stock price manipulation this week under a revised capital market act, the financial regulator said Thursday.

Under the revised law, the financial authorities will be allowed to fine up to twice the amount of ga…