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South Korea's Lee says success of business should be shared, plans surplus tax revenue use
South Korea's Lee says success of business should be shared, plans surplus tax revenue use SEOUL, June 8 : South Korean President Lee Jae Myung said on Monday the gains of business success should be shared throughout society and the government will devise a plan to effectively use the surplus tax revenues generated from the country's semiconductor sector. Lee was speaking at a news conference marking one year in office. Lee won the presidency after a failed bid to impose martial law led to...
South Korea should not give up on North's denuclearisation: President Lee
South Korea should not give up on North's denuclearisation: President Lee Seoul should not seek to acquire atomic weapons to counter Pyongyang's nuclear drive, says South Korean President Lee Jae Myung. South Korea should not give up on North Korea's denuclearisation, President Lee Jae Myung said on Monday (Jun 8), as China's President Xi Jinping arrived in Pyongyang for a two-day visit. Lee made the remark at a press conference marking his first year in office, which he took after months of...
Ballot paper shortage hurts South Korea's reputation as model democracy: President Lee
Ballot paper shortage hurts South Korea's reputation as model democracy: President Lee South Korean President Lee Jae Myung described the shortage of ballot papers in last week's election as "ridiculous" and "shocking". SEOUL: South Korean President Lee Jae Myung said on Monday (Jun 8) that ballot paper shortages in last week's local elections dealt a serious blow to the country's reputation as a model democracy, and he welcomed the protests questioning the fairness of the process. "It was...
Newsletter: From K-pop to K2 tanks, South Korea flexes in Europe
South Korean President Lee Jae Myung visits Brussels on Wednesday for a highly anticipated EU-South Korea Summit, where we are expecting a buffet of East Asian strength on display, ranging from K-pop toppers to military might. Angela Skujins here holding down the fort for your Wednesday newsletter. Everyone in the Belgian capital is gearing up for a closely watched EU-South Korea Summit, which aims to boast more than just the East Asian country’s soft power of skin care, K-pop and cinematic...
Growing foreign electorate puts voting rights in focus at South Korea's local polls
Growing foreign electorate puts voting rights in focus at South Korea's local polls South Korea allows certain foreign nationals to vote in local elections - those aged 18 or older who have held permanent residency status for at least three years are eligible to cast ballots. On the streets of Seoul's Daerim-dong neighbourhood, district council candidate Kang Kwang-bin is making his final appeal to voters. “Please support candidate number two!
From nuclear submarines to trade, South Korea and US remain deadlocked ahead of talks
South Korea and the United States are heading into talks in Seoul next week with different priorities over the implementation of last year’s summit agreement, with President Lee Jae Myung pushing for the supply of nuclear-powered submarines and Washington seeking progress on a major investment pledge by the Lee administration. US approval on the use of nuclear fuel for South Korea’s submarines is a key goal for Lee, while Washington wants Seoul’s US$350 billion investment promise it...
South Korea tells Japan to apologise before military cooperation
Advertisement South Korea tells Japan to apologise before military cooperation President Lee Jae Myung says Tokyo must offer a genuine apology before a military logistics pact can move forward 3-MIN READ3-MIN South Korean President Lee Jae Myung has ruled out expanding military ties with Japan any time soon, insisting that historical grievances must be resolved first. The two countries have come under growing pressure to strengthen defence ties as North Korea, China and Russia draw closer...
South Korea nominates country's first female prime minister in two decades
South Korea nominates country's first female prime minister in two decades The 58-year-old Han Seong-sook is expected to lead the country's AI transformation. SEOUL: South Korean President Lee Jae Myung has chosen Han Seong-sook, the country's minister for small and medium-sized enterprises (SMEs) and startups, to be prime minister, the presidential office said on Sunday (Jun 7). If approved by parliament, Han would become South Korea's first female prime minister in 20 years.
South Korea’s booming stock market mints a generation of novice investors
South Korea’s booming stock market mints a generation of novice investors South Korean stocks are soaring, drawing first-time investors in a nation where property has long reigned supreme. Seoul, South Korea – When Kim Ha-young, a Seoul office worker in her 30s, came into a little unexpected cash last year after paying the deposit on her rented apartment, she did something she had never done before. Recommended Stories list of 4 items- list 1 of 4Israel kills 8 in southern Lebanon after...
South Korea ruling party sweeps most seats in local elections but faces losing Seoul
South Korea ruling party sweeps most seats in local elections but faces losing Seoul The loss of Seoul would deliver a symbolic blow to South Korean President Lee Jae Myung despite his party’s broader gains. SEOUL: South Korean President Lee Jae Myung's ruling Democratic Party swept the majority of seats in local elections, early vote counts showed on Thursday (Jun 4), but looked set to lose the crucial Seoul mayoralty amid a controversy over a shortage of ballot papers. Opposition People...