Seoul, June 29 (IANS) South Korea on Monday unveiled an ambitious plan to build a new semiconductor manufacturing hub in the country’s southwestern region through 800 trillion won ($518 billion) in corporate investment.The proposed investment underscores Seoul’s determination to maintain its dominance in memory chips, which have become increasingly critical amid a global artificial intelligence (AI) boom, while advancing the government’s goal of more balanced regional development, reports Yonhap…
Latest Lee Jae Myung News & Updates
Seoul, June 29 (IANS) South Korean stocks traded sharply lower on late Monday morning as investors remained cautious amid renewed concerns over the fragile US-Iran ceasefire and rising oil prices, with tech shares leading losses.The benchmark Korea Composite Stock Price Index (KOSPI) lost 170.78 points, or 2.03 percent, to 8,240.43 as of 11:20 a.m., after opening 0.91 percent lower, reports Yonhap news agency.Oil prices climbed after the United States and Iran exchanged fresh strikes over the we…
Washington, June 25 (IANS) The United States is focused on ensuring that necessary conditions for the transfer of wartime operational control (OPCON) to South Korea will be met “as soon as possible,” a senior US diplomat said Thursday, noting it “understands” Seoul’s desire to retake OPCON quickly.Assistant Secretary of State for East Asian and Pacific Affairs Michael DeSombre made the remarks during a hearing of the Subcommittee on East Asia and Pacific Affairs under the House Foreign Affairs C…
Seoul, June 24 (IANS) External Affairs Minister (EAM) S Jaishankar held a meeting with South Korea’s National Security Director Wi Sung-lac on Wednesday. During the meeting, EAM Jaishankar and Wi Sung-lac shared their strategic assessments on global developments and the Indo-Pacific.”Glad to meet Wi Sung-lac, Director of National Security of the ROK this evening. Had a useful exchange of strategic assesments on global developments and the Indo-pacific,” EAM Jaishankar posted on X.Earlier in the …
Seoul, June 24 (IANS) South Korea will hold a ceremony marking the 76th anniversary of the 1950-53 Korean War this week to commemorate the sacrifices of troops who fought in the conflict, the veterans ministry said Wednesday. The event, slated for Thursday at a convention center in Suwon, just south of Seoul, will be attended by some 1,000 people, including foreign diplomats from countries that participated in the war, according to the ministry.During the event, the ministry will confer the Orde…
New Delhi, June 22 (IANS) External Affairs Minister, S. Jaishankar, will undertake an official visit to Mongolia and the Republic of Korea from June 22 to 25, aimed at strengthening India’s bilateral partnerships and advancing cooperation across strategic, economic and technological sectors.Announcing the visit, the Ministry of External Affairs said in a statement on Monday that EAM Jaishankar will visit Mongolia on June 22 and 23 before travelling to South Korea on June 24 and 25.“EAM will …
Seoul, June 21 (IANS) South Korean President Lee Jae Myung has appointed new senior presidential secretaries for communications and civil affairs, along with three other aides, the presidential chief of staff said Sunday. Seong Ghi-hong, former CEO and president of Yonhap News Agency, was appointed presidential secretary for public relations and communication, while Han Chan-sik, a former senior prosecutor, was named presidential secretary for civil affairs, the official said.Kim Kyoung-ja, form…
New Delhi, June 20 (IANS) Union Minister of State Dr Jitendra Singh on Saturday said that initiatives such as CPGRAMS and Digital Life Certificates are transforming governance in India by enhancing transparency, improving service delivery and making public administration more citizen-centric. During talks with Republic of Korea Interior and Safety Minister Yun Hojung, he highlighted India’s digital governance achievements and called for deeper cooperation between the two countries in areas such …
Rome, June 11 (IANS) South Korean President Lee Jae Myung and Italian President Sergio Mattarella agreed Thursday to elevate their countries’ ties into a special strategic partnership, while exploring ways to expand cooperation in semiconductors, artificial intelligence (AI) and other strategic sectors.The two presidents reached the agreement during summit talks at the presidential Quirinal Palace in Rome, the second stop on Lee’s first visit to Europe since taking office a year earlier.”Today, …
Brussels, June 11 (IANS) South Korean President Lee Jae Myung has left Belgium en route to Italy, the second stop in his visit to Europe, where he will hold talks with the Italian president and prime minister.Lee’s departure on Wednesday (Local time) followed his talks with Belgian Prime Minister Bart De Wever earlier in the day, followed by a summit with leaders of the European Union — Ursula von der Leyen, president of the European Commission, and Antonio Luis Santos da Costa, president of th…