South Korea’s new liberal President Lee Jae-myung pledged on Wednesday to raise the country from the near destruction caused by a martial law attempt and revive an economy besieged by global protectionism that is threatening its very existence. Lee’s decisive victory in Tuesday’s snap election stands to usher in a sea change in Asia’s fourth-largest […]
Read MoreThe new South Korean administration will likely make efforts to buy time for US trade talks, as it studies the negotiations of bigger neighbours Japan and China for leverage, according to sources familiar with the ruling party’s thinking. President Lee Jae-myung, who took office hours after winning the June 3 snap presidential election without a […]
Read MoreSouth Korea’s liberal party candidate Lee Jae-myung is projected to win the country’s snap presidential election, according to projections by the country’s broadcasters on Tuesday. Reuters has not independently confirmed the results of the joint exit poll by broadcasters KBS, MBC and SBS, which put Lee on 51.7% and his conservative rival Kim Moon-soo on […]
Read MoreSouth Korea’s Industry Ministry said on Monday it will respond to the looming 50% US tariff on steel products as part of its trade discussions with Washington in order to minimise the impact on industry. US President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminum to 50% from […]
Read MoreSouth Korea’s liberal frontrunner for president Lee Jae-myung was leading his main conservative rival Kim Moon-soo by more than 10 percentage points in an opinion poll issued on Tuesday, though the race had tightened a week ahead of the election. The deeply polarised country holds a snap election on June 3 to pick a successor […]
Read MoreTessa Wong BBC News South Korea’s constitutional court has dismissed the impeachment of Prime Minister Han Duck-soo, reinstating him as the country’s acting president. Han took over as acting leader last December when President Yoon Suk Yeol was suspended from duties and impeached by parliament after he attempted to declare martial law. However, Han only […]
Read MoreA South Korean court issued an arrest warrant for Yoon on December 31 in a criminal investigation accusing the suspended leader of insurrection over his martial law decree last year. South Korean police are formally building a case against impeached President Yoon Suk Yeol over accusations he obstructed the execution of an arrest warrant, a […]
Read MoreU.S. Secretary of State Marco Rubio told South Korea’s Foreign Minister that the United States wants to maintain a stable trust relationship with South Korea regardless of the domestic situation of either country, the South Korean ministry said in a statement on Friday. Rubio and South Korean Foreign Minister Cho Tae-yul agreed in a meeting […]
Read MoreSouth Korea’s prosecutors indicted impeached President Yoon Suk Yeol on Sunday on charges of leading an insurrection with his short-lived imposition of martial law on Dec. 3, Yoon’s lawyers and the main opposition party said. Yoon’s lawyers criticized the indictment as the “worst choice” made by the prosecution service, while the main opposition party welcomed […]
Read MoreSouth Korea’s economy barely grew in the fourth quarter of 2024, missing market expectations, as domestic demand was hurt by the country’s worst political crisis in decades, advanced central bank estimates showed on Thursday. Gross domestic product (GDP) expanded 0.1% from a quarter earlier on a seasonally adjusted basis, compared with increases of 0.1% in […]
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