New Delhi, April 20 (IANS) President Lee Jae Myung stressed the need for South Korea and India to work together to ensure safe passage through the Strait of Hormuz in an interview published on Monday, also highlighting the need for joint efforts to stabilise global supply chains.In a written interview with The Times of India, held before his summit talks with Indian Prime Minister Narendra Modi, he noted that the effective closure of the critical shipping route due to the prolonged conflict betw…
Latest President Lee Jae Myung News & Updates
Seoul, April 8 (IANS) North Korea fired multiple short-range ballistic missiles toward the East Sea on Wednesday, South Korea’s military said, in a back-to-back launch that came after President Lee Jae Myung expressed regret over drone flights by individuals into the North.The Joint Chiefs of Staff (JCS) said it detected the missiles launched from the Wonsan area in the North at around 8:50 a.m. They flew some 240 kilometres. It marked the North’s fourth confirmed ballistic missile launch this y…
Seoul, April 7 (IANS) The unification ministry of South Korea on Tuesday assessed North Korea’s swift response to President Lee Jae Myung’s expression of regret over drone flights by South Korean individuals as “meaningful progress” moving forward the establishment of peace and coexistence on the Korean Peninsula. Late Monday, Kim Yo-jong, the powerful sister of North Korean leader Kim Jong-un, issued a statement that said her brother assessed Lee as “frank and broad-minded,” some 10 hours after…
Seoul, April 6 (IANS) South Korea’s Cabinet approved a motion Monday to amend some texts in the Constitution, setting the stage for the National Assembly to vote on the proposed amendment, and, if passed by lawmakers, the amendment will be put to a national referendum.The move comes after 187 lawmakers from the ruling Democratic Party and five minor parties jointly proposed the bill on Friday to tighten the requirements for declaring martial law and incorporate the spirit of past pro-democracy m…
Seoul, April 5 (IANS) Executives from Samsung Electronics and French artificial intelligence (AI) startup Mistral AI discussed potential cooperation in the AI memory sector, industry sources said on Sunday.Arthur Mensch, co-founder and chief executive officer of Mistral AI, met Jeon Young-hyun, head of Samsung Electronics’ device solutions division, on Thursday at the company’s Hwaseong campus to explore collaboration on AI chip supply chains and related technologies, the sources said. Mensch wa…
Seoul, March 31 (IANS) The Ministry of Trade, Industry and Resources said on Tuesday it has allocated 924.1 billion won ($609 million) in a supplementary budget to respond to the Mideast crisis amid disruptions in energy and industrial supply chains.The announcement came after the Cabinet, chaired by President Lee Jae Myung, approved a government bill for a 26.2 trillion-won supplementary budget aimed at tackling difficulties stemming from the escalating conflict in the Middle East and revamping…
Seoul, March 26 (IANS) President Lee Jae Myung on Thursday urged the nation to cooperate on energy-saving efforts as the prolonged war in the Middle East has disrupted global energy markets, but pledged no change in electricity prices.Lee made the remarks during an emergency economic response meeting, as the government is set to impose another round of a fuel price cap to help protect the nation’s economy from impacts from the US-Israel war with Iran, reports Yonhap news agency.”(I) urge gas sta…
Seoul, March 26 (IANS) The South Korea’s ruling Democratic Party (DP) and the government agreed to submit an extra budget bill to the National Assembly next Tuesday, the budget minister said Thursday, in an effort to cushion vulnerable sectors from the economic impacts of a prolonged war in the Middle East.The extra budget bill, to be submitted March 31, seeks to ease the burden of rising oil prices, as well as support small and midsized firms and vulnerable households hit by the prolonged war.”…
Seoul, March 25 (IANS) A South Korean national detained in the Philippines was temporarily repatriated to South Korea on Wednesday to face an investigation into alleged cross-border drug trafficking, Cheong Wa Dae said.The convicted criminal, Park Wang-yeol, has been serving a 60-year prison sentence in the Philippines since 2022 for killing three South Koreans in 2016. The 48-year-old is also suspected of smuggling drugs into South Korea through accomplices via social media platforms and is kno…
Seoul, March 22 (IANS) President Lee Jae Myung said on Sunday he has instructed his office and the Cabinet to exclude owners of multiple homes from making real estate policies, as his administration cracks down on long-running housing speculation.Lee shared the instruction on his X account, saying he has called for the exclusion of multiple home owners, expensive home owners who do not live in them and owners of “excessive” properties from the discussion, formulation, reporting and approval of h…