Seoul, March 7 (IANS) South Korea’s industry minister and trade chief visited the United States this week to coordinate responses to tariff issues and other pending trade matters between Seoul and Washington, the industry ministry said on Saturday.Industry Minister Kim Jung-kwan and Trade Minister Yeo Han-koo met separately with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer on Friday (U.S. time) to discuss pending bilateral trade issues.The visit was arrange…
Latest Lee Jae Myung News & Updates
Seoul, March 5 (IANS) South Korean President Lee Jae Myung ordered the government Thursday to swiftly execute a 100 trillion-won (US$68.3 billion) financial package to stabilise the capital markets amid the widening war in the Middle East.Lee gave the instruction during an extraordinary Cabinet meeting convened to discuss the situation following last weekend’s US-Israeli strikes on Iran, saying the escalating crisis has led to a serious deterioration of the global economic and security environme…
Singapore, March 2 (IANS) President Lee Jae Myung said on Monday that South Korea will push to create a global investment fund in Singapore by 2030 to attract investments worth $300 million in startups and the artificial intelligence (AI) sector.Lee made the commitment during the AI Connect Summit in Singapore, where company and government officials and experts in the AI sector of both countries gathered to seek joint research and investment opportunities, reports Yonhap news agency.”We are now …
Seoul, March 1 (IANS) South Korea’s President Lee Jae Myung on Sunday urged North Korea to return to the negotiating table with the United States and join efforts to shape what he called a “new future,” vowing to work with relevant countries to turn the Korean War armistice into a peace regime.Lee made the remarks in his first address marking the March 1 Independence Movement at the COEX exhibition centre in southern Seoul as the nation commemorated the 107th anniversary of the nation’s 1919 ind…
Seoul, Feb 26 (IANS) South Korean President Lee Jae Myung on Thursday vowed to continue efforts to normalise relations with North Korea despite Pyongyang’s rejection of his dialogue overture, saying the two Koreas should move beyond past confrontation and pursue peace and stability. Lee reaffirmed his commitment to improving ties after North Korean leader Kim Jong-un dismissed dialogue with Seoul, describing the South’s overture as deceptive while appearing to leave the door open for talks with …
Seoul, Feb 26 (IANS) South Korea’s central bank kept its benchmark interest rate steady on Thursday, citing stronger-than-expected growth momentum, as it sought to safeguard financial stability amid a weak local currency and an unstable housing market.In a widely expected decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate unchanged at 2.5 percent in its latest rate-setting meeting in Seoul, reports Yonhap news agency.It marked the sixth consecutive on-hold decision,…
Seoul, Feb 25 (IANS) The South Korean government unveiled Wednesday a series of measures aimed at promoting inbound tourism across South Korea, including easing of visa rules and expanding entry points at regional airports. The measures were announced during an expanded national tourism strategy meeting held at the presidential office Cheong Wa Dae and chaired by South Korean President Lee Jae Myung, with the attendance of officials from relevant ministries, Yonhap News Agency reported. Under th…
Seoul, Feb 24 (IANS) The South Korean government has revised bills on the establishment of two bodies set to replace the prosecution following criticism they were designed to be little different from the current prosecution service, a task force said Tuesday. The so-called serious crimes investigation agency and the indictment agency are set to be established in October under a government reorganisation bill that passed the National Assembly last September, Yonhap News Agency reported. The two b…
Seoul, Feb 21 (IANS) North Korea said on Saturday it has achieved “remarkable” success in implementing major policies over the past five years, as Pyongyang is holding a key party congress amid expectations that it will unveil its future policy direction.With North Korean leader Kim Jong-un present, the country held a policy review session on Friday, the second day of the ruling Workers’ Party of Korea’s ninth party congress, the country’s biggest political event since 2021, reports Yonhap, quot…
Rio de Janeiro, Feb 17 (IANS) Brazilian President Luiz Inacio Lula da Silva on Tuesday left for India to attend the AI Impact Summit in New Delhi, highlighting that he would also be discuss new opportunities for cooperation between both countries during the visit. “At the invitation of Prime Minister Narendra Modi, we are now departing for India. In the coming days, I will participate in the Summit on the Impact of Artificial Intelligence and we will discuss new opportunities for cooperation bet…