After Africa, South Korea’s international strategy focuses on Central Asia

Seoul (Agenzia Fides) – After the summit with African countries on June 5, during which investments in the continent amounting to 24 billion dollars were announced, South Korean President Yoon Suk Yeol made a tour in Central Asia between June 10 and 15, meeting the heads of state of Turkmenistan, Kazakhstan and Uzbekistan. Alongside Yoon’s […]

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South Korea to deploy ‘StarWars’ laser weapons targeting North Korean drones

South Korea will deploy laser weapons to shoot down North Korean drones this year, becoming the world’s first country to deploy and operate such weapons in the military, the country’s arms procurement agency said on Thursday. South Korea has called its laser programme the “StarWars project”. The drone-zapping laser weapons the South Korean military has […]

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US, Japan, South Korea vow strategic cooperation to boost security, economies

Commerce and trade ministers from the United States, Japan and South Korea vowed on Wednesday to cooperate on strategic issues including artificial intelligence (AI) safety, export controls, clean energy and semiconductor supply chains. “We’re doubling down our efforts to work together,” US Commerce Secretary Gina Raimondo said at the start of the meeting in Washington. […]

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South Korea, UAE sign deal to slash import duties at leaders’ summit

South Korea and the United Arab Emirates signed a trade pact on Wednesday to sharply cut import duties at a summit of their leaders that pledged closer business and investment ties. Host South Korea welcomed the UAE’s President Sheikh Mohammed bin Zayed Al Nahyan with a traditional honour guard and a flypast of air force […]

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China’s premier hails ‘new beginning’ with US-allied South Korea, Japan

Chinese Premier Li Qiang praised what he called a restart in relations with Japan and South Korea as he met their leaders for the first three-way talks in four years on Monday, agreeing to revive trade and security dialogues hampered by global tensions. The Chinese premier met with South Korean President Yoon Suk Yeol and […]

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S Korea president announces record $19 bn plan to boost chip industry

South Korean President Yoon Suk Yeol on Thursday announced a record $19-billion-dollar support plan for the country’s crucial semiconductor industry. South Korea is home to the world’s top memory chipmakers Samsung Electronics and SK hynix and last year pledged to build the world’s largest chip centre using $456 billion of private investment as it seeks […]

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South Korea’s economic growth beats forecast as exports rise

South Korea’s economic growth accelerated more than expected in the last quarter as exports recovered and construction investment rebounded, brightening prospects for President Yoon Suk-yeol after an election setback that threatens his economic initiatives. Gross domestic product advanced 1.3 per cent in the three months to March versus the previous quarter, the Bank of Korea […]

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