Korea Joongang Daily
Korea JoongAng Daily

Parliamentary speaker calls on PPP to help pass martial law amendment

National Assembly Speaker Woo Won-shik on Monday called on the main opposition People Power Party to vote for a constitutional amendment that would require the president to obtain parliamentary approval before declaring martial law.

2026-04-27

Scope of 'espionage' to include leaks to allies, foreign companies with first revision in 73 years

A revision to the Criminal Act that expands espionage charges to cover leaks of state secrets and advanced technologies to not only adversarial states but any foreign country was placed on the National Assembly’s plenary agenda on Wednesday.

2026-02-26

Filibuster fails to foil Commercial Act revision, passes Assembly

The National Assembly passed a bill mandating comapanies to cancel holdings of their own shares on Wednesday, as the Democratic Party (DP) pushed through a third revision to the Commercial Act.

2026-02-25

Mandatory treasury share retirement: A remedy to the 'Korea discount' or a poison pill for corporate defense?

As a hotly contested bill requiring companies to cancel holdings of their own shares marches toward passage in the National Assembly, business owners are on edge over the potential loss of a key defense against hostile takeovers.

2026-02-25

Korea to stop entrance exams for English preschools next year

Entrance exams for preschool English academies — also known as “English kindergartens” — will be banned as early as June next year under a new law aimed at curbing early childhood cram schooling.

2025-12-09

Government to push 4.5-day workweek bill this year

The government aims to push its so-called 4.5-day workweek bill to the National Assembly by the end of the year, according to reports on Wednesday.

2025-09-17

DP to review lowering capital gains tax threshold amid public backlash

The Democratic Party will review a possible reversal of the government’s plan to lower the threshold for capital gains tax on major shareholders in response to investor backlash following the announcement of a sweeping tax reform plan.

2025-08-03

DP takes 'pass first, revise later' stance on commercial code amendment, much to business community's chagrin

The Democratic Party (DP) is standing by its “pass first, revise later” stance on a controversial commercial code amendment despite pleas from Korea’s business community to reconsider.

2025-06-30

Korea's presidential candidates want constitutional reform. Experts say they don't go far enough.

Korean presidential candidates propose reforms to curb presidential power, but experts argue their plans fail to address deeper systemic issues.

2025-05-30

Over 60% of Korean voters support shortening presidential terms, allowing re-election

Over 60 percent of Korean voters said they supported amending the Constitution to replace the current single five-year presidential term with a four-year renewable term or a term allowing re-election, a poll showed.

2025-05-27