Category: Korean Government

Nominee for Korean Finance Minister Wants to Reform National Pension System

It sounds like South Korea is having the same problems with their pension system as the U.S. has with Social Security:

Choo Kyung-ho, left, the nominee for deputy prime minister and minister of economy and finance, speaks to Land Minister nominee Won Hee-ryong during a meeting of the presidential transition committee at its office in Jongno District, Seoul, Monday. Joint Press Corps

Deputy Prime Minister and Minister of Economy and Finance nominee Choo Kyung-ho has called for an overhaul of the state pension fund, which experts agree is crucial considering the country’s aging and shrinking population.

“Given the low birth rate and the increase in the elderly population, failure in reform will dent the fund’s financial soundness and drastically increase the burden on younger generations,” Choo said in a Q&A submitted to the National Assembly as part of the preparations for his Assembly hearing scheduled for May 2.

He views the current pension fund management system under the National Pension Service (NPS) as inefficient, saying, “It will only increase the national debt and will not last long.”

He called for a “comprehensive check-up” on the premium rates and the minimum age that people are eligible to receive pension benefits, among other factors.

The pension fund is on course to be depleted under the existing system, possibly in the 2050s.

Worse still, the population is aging rapidly.

Korea Times

You can read more at the link.

Delegation Sent By President-Elect Yoon Visits Japanese Leadership this Week

Hopefully this is the beginning of an improved relationship between the ROK and Japan:

Rep. Chung Jin-suk (C), head of President-elect Yoon Suk-yeol’s delegation, speaks to reporters upon arrival at Japan’s Narita International Airport on April 24, 2022. (Yonhap)

A delegation of President-elect Yoon Suk-yeol arrived in Tokyo on Sunday for meetings with Prime Minister Fumio Kishida and other top officials, carrying a letter from Yoon that outlines his will for “new relations with Japan.”

The visit by the seven-member delegation, led by Rep. Chung Jin-suk of Yoon’s People Power Party, came as Yoon has stressed the importance of restoring relations with Japan that have been frayed badly over the past few years due to rows over issues like wartime sexual slavery and forced labor.

Japan is the second foreign country that Yoon has sent a delegation to after the United States.

“I think the letter carries President-elect Yoon Suk-yeol’s will and expectations for new relations with Japan, as well as his expectations for positive responses from Japan,” Chung told reporters after arriving at Narita International Airport.

The delegation is expected to meet with Kishida on Wednesday and hand him the letter from Yoon.

Yonhap

You can read more at the link.

President-Elect Yoon’s Health Minister Nominee Faces Criticism Over Kids College Admission and Draft Exemption

The facts of his kids getting into the same college he was the President of seems less concerning to me than the draft exemption his son received:

Health Minister nominee Chung Ho-young arrives at an office set up for the nominee in Seoul on April 18, 2022. (Yonhap)

The office of President-elect Yoon Suk-yeol said Monday that whether the health minister nominee is fit for office should be determined after his confirmation hearing, despite calls for withdrawing the nomination over suspicions he used his position to get his children into a medical school.

The nomination of Chung Ho-young, a former chief of Kyungpook National University Hospital, has become the hottest political issue after allegations surfaced that he used his position to help his daughter and son gain admission to the university’s medical school and exempt his son from active duty military service.

Yonhap

You can read more at the link, but the facts around his kids admission seem flimsy to me. However, his son claiming a back injury is preventing him from doing his mandatory active military service I find questionable. The medical exam for the exemption was done at his father’s university hospital:

On Oct. 27, 2015, Chung’s son visited Kyungpook National University Hospital again. The medical certificate issued for military examination stated on Oct. 29, 2015 that “Patient is waiting follow-up after being diagnosed with a herniated disc in the 5th to 6th lumbar vertebrae.” On Nov. 6, Chung’s son was diagnosed with a “spine disease” during a second physical examination at Daegu Gyeongbuk Regional Military Manpower Administrationand deemed a Level 4 draftee, eligible for a desk job instead of active-duty service.   

Chung’s son completed his military service by working at a desk job instead of active-duty service.  It was also notable that Chung’s son only spent about 150,000 won for medical expenses over the past five years, according to press accounts, suggesting a good level of health.  

Joong Ang Ilbo

If his back is so bad that he can’t do active military service than he should have a long medical record of physical therapy, acupuncture, and follow up medical examinations. If the 150,000 won figure is true then all this follow treatment was likely not done which shows his back must not hurt all that bad.

President-Elect Yoon Selects Retired General with Strong U.S. Ties as Next Defense Minister

A former ROK Army general that studied in the U.S. will soon be taking over the Defense Ministry:

Lee Jong-seop, former vice chairman of the Joint Chiefs of Staff, speaks to reporters at the transition committee office building in Seoul after being announced as defense minister nominee, April 10. Yonhap

Lee Jong-seop, a retired Army lieutenant general and former vice chairman of the Joint Chiefs of Staff (JCS), is an expert in military policy and strategy, with a focus on alliance issues between South Korea and the United States.

A graduate of the Korea Military Academy, Lee previously served as vice chief of staff of management at the 1st Army Command, and vice head of the defense ministry’s policy and planning division.

He later served as head of the Army’s 2nd Division in 2013 before becoming the JCS vice chairman from 2017 to 2018. Lee joined President-elect Yoon Suk-yeol’s transition committee as a member of its diplomacy and security subcommittee.

He is considered well-versed in matters related to South Korea-U.S. military relations, having experience in work related to the transfer of wartime operational control (OPCON) from Washington to Seoul. He has a doctorate degree in studies concerning the South Korea-U.S. alliance from Tennessee State University.

Korea Times

You can read more at the link.

South Korea’s Cabinet Approves Funding for Presidential Office Move to Yongsan

It looks like President Moon was serious about assisting President-Elect Yoon with moving the presidential office after initial skepticism:

This file photo from March 22, 2022, shows the defense ministry compound in Yongsan, central Seoul. (Yonhap)

 The Cabinet on Wednesday approved 36 billion won (US$29.5 million) in reserve government funds for President-elect Yoon Suk-yeol’s plan to relocate the presidential office.

The spending was approved in an extraordinary Cabinet meeting presided over by Prime Minister Kim Boo-kyum, a day after President Moon Jae-in ordered the swift approval of the relocation budget.

Kim said the approval was made in the context of cooperation for a “smooth government transition without a security vacuum” amid the heightening situation on the Korean Peninsula.

Yonhap

You can read more at the link.

Tweet of the Day: Shredding Trucks Spotted at Defense Ministry

Joong Ang Ilbo Journalist Describes How Blue House Try to Silence Him with Lawsuits

The scandal involving President Moon Jae-in’s wife’s wardrobe has finally come to light, but the journalist that first began to document improprieties of the first lady was riddled with lawsuits from the Blue House for doing so:

Jungang Ilbo columnist Nam Jeong-ho

It all began with a column published on June 11, 2019, in local newspaper the Joongang Ilbo, which pitted veteran journalist Nam Jeong-ho against the presidential office in a legal battle that lasted for two years. 

In his column titled “First Lady Kim Jung-sook’s Bucket List?” he cautiously but unequivocally alleges that the first lady had made the most of the official overseas trips taken with her husband, President Moon Jae-in, as opportunities to explore some of the world’s renowned cultural heritage sites and museums on taxpayers’ money. 

Nam said he was overwhelmed by what happened to him afterwards. He first received a letter from the presidential office urging him and his company to print corrections according to unusually lengthy and detailed guidelines. He ignored a letter from LKB & Partners, one of the nation’s top law firms which was representing the first lady. Weeks later they sued him, after the two sides failed to reach an agreement arranged by the Press Arbitration Committee.

Nam compares his legal battle against Cheong Wa Dae to a showdown akin to David and Goliath. 

“I felt pressure (when I looked at the sender of the thick package of documents because I knew who they were),” Nam said in a phone interview with The Korea Times on Monday. “There were lots of naysayers around me and they encouraged me to do what Cheong Wa Dae asked me to do. They said Cheong Wa Dae would mobilize all the resources it could to win the battle.”

Korea Times via a reader tip

You can read more at the link, but Mr. Nam should consider himself lucky that he wasn’t thrown in jail like other Korean journalists critical of President Moon.

President-Elect Yoon to Push to Move Government Offices to Sejong City

This all should have happened many years ago, so it will be interesting to see if Yoon is able to get any traction on moving more of the government to Sejong City:

An aerial view of Sejong Government Complex. Korea Times file

The incoming administration of President-elect Yoon Suk-yeol is moving to elevate the status of Sejong City, an administrative town 144 kilometers south of Seoul, as illustrated by the transition committee’s plan to transfer major components of the National Assembly to Sejong and set up a second presidential office there by 2027, according to government officials Thursday. 

Setting up the second presidential office and a legislative building in Sejong was a key campaign pledge of Yoon, a vision he said would cement the sparsely populated city as the administrative capital where a number of central government ministries and state-run organizations will be relocated.

The city houses 47 central administrative organizations, 16 state think tanks and 24 government-affiliated institutions. About 20 key government organizations remain in Seoul including the foreign, defense, unification and gender equality ministries.

Korea Times

You can read more at the link, but the move the Sejong City reminds me a lot of the move to Camp Humphreys by USFK. That move took much longer than it should of because people were comfortable at Yongsan Garrison in Seoul and thus no urgency to complete the move. There is probably few people working in the Korean government that want to move out of Seoul as well to a rural area as well.

Tweet of the Day: Opposition to the Blue House Move

Moon Administration Warns Against Moving Presidential Office to the Ministry of Defense

President Elect Yoon is going to see a full pressure campaign to get him to stop the move to the Ministry of Defense. It doesn’t matter where you work, established interests are always hesitant to embrace change:

The office of President Moon Jae-in voiced concerns Monday about President-elect Yoon Suk-yeol’s plan to move the presidential office out of Cheong Wa Dae, saying it could leave a security vacuum at a time of rising tensions on the Korean Peninsula.

Park Soo-hyun, senior presidential secretary for public communication, made the remark to reporters after a National Security Council meeting, saying it is unreasonable to relocate the defense ministry, the Joint Chiefs of Staff (JCS) and the presidential office in such a short period of time before Yoon’s May 10 inauguration.

“Now is the time to unite security capabilities, as the security crisis on the Korean Peninsula is escalating,” Park said. “Therefore, it is necessary to look sufficiently into concern that sudden, unprepared relocations of the defense ministry, the Joint Chiefs of Staff and the Cheong Wa Dae crisis management center could cause a security vacuum and confusion.”

Park said Cheong Wa Dae will convey its concerns to Yoon’s transition team. 

Yoon’s spokesperson expressed regret and said they will stick to the relocation plans.

“If President Moon Jae-in refuses to cooperate on an essential part of the most significant project in the transfer of power, there is no way to force him,” Kim Eun-hye said in a statement.

Upon taking office, she said, Yoon will continue to work from his current temporary office in Tongeui-dong near Cheong Wa Dae to handle pressing state affairs, making clear once again that Yoon will not move into Cheong Wa Dae.

“At the stroke of midnight on May 10, President-elect Yoon will fulfill his promise to fully open Cheong Wa Dae without fail,” she added.

Yonhap

You can read more at the link.