Seoul/New Delhi, March 10 (IANS) External Affairs Minister (EAM) S Jaishankar held a telephonic conversation with his South Korean counterpart Cho Hyun on Tuesday, discussing bilateral ties and the current situation in West Asia. During the telephonic conversation, Cho noted that the two summits held last year, marking the 10th anniversary of the Korea-India Special Strategic Partnership, had forged a special bond between the two leaders. He also called for this year’s summit-level exchanges to …
Latest Lee Jae Myung News & Updates
Seoul, March 10 (IANS) South Korean President Lee Jae Myung said Tuesday that a potential relocation of military assets owned by the US military stationed in South Korea will not affect the deterrence posture against North Korea.Citing media reports that the US Forces Korea (USFK) might have recently shipped out some weapons, including an anti-missile defence system, Lee told a Cabinet meeting, “If you ask if our deterrence strategy against North Korea is severely affected (because of a possible…
Seoul, March 8 (IANS) Industry Minister Kim Jung-kwan said on Sunday he has been told the United States is not likely to hike tariffs on South Korea if the National Assembly passes a special bill on Seoul’s $350 billion investment pledge to the US.Kim made the remarks upon arrival after visiting the U.S. to meet with Commerce Secretary Howard Lutnick to discuss tariff and bilateral trade issues following U.S. President Donald Trump’s threat in January to hike “reciprocal” tariffs and other dutie…
Seoul, March 8 (IANS) Unionised workers at Samsung Electronics are set to begin a vote later this week on whether to launch a strike, industry sources said on Sunday, amid controversy after a union warned that employees who refuse to participate in the walkout could face disadvantages.The company’s three largest unions, which represent a combined estimated 89,000 of the tech giant’s roughly 130,000 employees, will hold the vote from Monday through March 18 on whether to stage a general strike fo…
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…
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,…