Seoul, Jan 28 (IANS) South Korea’s Defence Minister Ahn Gyu-back on Wednesday reiterated the commitment to regaining wartime operational control (OPCON) of South Korean troops from Washington, vowing to accelerate efforts this year for the planned transfer. Ahn made the remarks during a meeting with about 170 key defence ministry officials, military chiefs and related officials to review progress on the OPCON transfer push, Yonhap News Agency reported.South Korea seeks to retake OPCON, currently…
Latest President Lee Jae Myung News & Updates
Seoul, Jan 27 (IANS) Politicians and government officials on Tuesday mourned the death of former South Korean Prime Minister Lee Hae-chan following his body’s return from Vietnam, where he died earlier this week. A memorial altar bearing Lee’s portrait was set up at a funeral home at Seoul National University Hospital in central Seoul.Condolence wreaths were sent by President Lee Jae Myung, Prime Minister Kim Min-seok, National Assembly Speaker Woo Won-shik, former President Moon Jae-in and oppo…
Seoul, Jan 23 (IANS) Two US investors in e-commerce giant Coupang notified the South Korean government of their intent to bring arbitration claims against it over what they called “discriminatory” acts toward the US-listed firm, and requested a US government probe into the matter.Greenoaks Capital Partners and Altimeter Capital Management took the actions, decrying South Korean authorities’ investigations into Coupang following revelations in November about a massive customer data leak, accordin…
Seoul, Jan 21 (IANS) South Korean defence Minister Ahn Gyu-back is expected to visit Japan next week for talks with his Japanese counterpart, Shinjiro Koizumi, sources said on Wednesday, with the resumption of military cooperation seen as a major agenda item.The two countries are in the final stages of arranging Ahn’s possible three-day trip to Japan from January 29-31 for talks with Japanese Defence Minister Koizumi, according to government sources.Japan’s Yomiuri Shimbun has also reported on t…
Seoul, Jan 20 (IANS) The South Korean government on Tuesday formally designated a 2024 knife attack on South Korean President Lee Jae Myung, which occurred while he was serving as Opposition leader, as a terror case, the prime minister’s office said.Prime Minister Kim Min-seok presided over a meeting of the National Counterterrorism Committee, which concluded that the stabbing of Lee, then leader of the main opposition Democratic Party (DP), constitutes an act of terrorism under the Act on Count…
Seoul, Jan 20 (IANS) South Korea’s Foreign Minister Cho Hyun will visit Turkey and Belgium later this week for bilateral talks with each country and a strategic dialogue with the European Union, the foreign ministry said on Tuesday. His four-day trip will begin in Turkey, where he is scheduled to hold talks with Turkish Foreign Minister Hakan Fidan on Wednesday (local time), the ministry said.The upcoming talks come as a follow-up step after President Lee Jae Myung’s state visit to the country i…
Seoul, Jan 19 (IANS) Rival parties in South Korea clashed on Monday over whether to hold a confirmation hearing for Lee Hye-hoon, nominee to lead the newly established South Korea’s Ministry of Planning and Budget, amid objections from the main opposition People Power Party (PPP). The ruling Democratic Party (DP) and the PPP had reached an agreement last week to hold the hearing, but the PPP later boycotted the move, saying the nominee failed to submit key documents requested by the lawmakers, Y…
Seoul, Jan 10 (IANS) South Korea’s defence chief on Saturday denied North Korea’s claims that its drones infiltrated into the North in September last year and earlier this week, saying the drones in question were not models operated by the South Korean military. North Korea claimed earlier in the day that South Korea infringed on its sovereignty with drone incursions, saying that Seoul should be ready to “pay a high price” for what it called a provocation.In response to an inquiry by Yonhap News…
Seoul, Jan 10 (IANS) North Korea claimed on Saturday that South Korea infringed on its sovereignty with drone incursions in September last year and earlier this week, saying that Seoul should be ready to ‘pay a high price’ for what it called a provocation.But South Korea’s defence ministry rejected Pyongyang’s claim, saying the South’s military did not operate drones on the dates asserted by the North.A spokesperson of the General Staff of the Korean People’s Army issued a statement denouncing S…
Seoul, Jan 9 (IANS) The government on Friday announced a comprehensive road map aimed at securing South Korea’s inclusion in the developed market index of global index provider Morgan Stanley Capital International (MSCI), including plans to operate the country’s foreign exchange (FX) market on a 24-hour basis.The plan represents the government’s latest effort to address the so-called “Korea discount,” under which local shares trade at valuations below their fundamentals, and to position South Ko…