South Korea’s Presidential Office on Sunday denounced the repatriation of two North Korean fishermen in 2019 as an “act against humanity” by the previous government and pledged to investigate the case. “President Yoon Suk-yeol’s office will reveal the substantive truth behind the [previous government’s] act against humanity and take all measures to prevent its recurrence,”…
South Korea Launches Probe Into 2019 Deportation of North Korean Fishermen
Yoon Vows to Uphold South Korea’s Values of Democratic Freedom on Constitution Day
South Korea’s president said on Sunday that his administration will work to uphold the constitutional values of freedom to democracy, as he recalled the 1980 pro-democracy uprising in Gwangju where hundreds of civilians were killed by the military government. President Yoon Suk-yeol made the remarks on the national Constitution Day, citing his visit to the southwestern…
South Korea to Restart Nuclear Power Plant Exports Under Yoon’s Leadership
South Korea has been actively pursuing talks with some nations for nuclear energy projects, as its president aimed to revive the country’s nuclear energy industry and boost nuclear power’s contribution to 30 percent by 2030. Trade, Industry, and Energy Minister Lee Chang-yang visited the Czech Republic and Poland last month to promote South Korean nuclear…
South Korea Drops Some Food Tariffs in Response to Worsening Economic Crisis
South Korea’s government said on Friday that it would remove tariffs on seven additional food items and roll out financial aid to low-income households to counter rising inflation. Tariffs will be removed on 100,000 tonnes of imported beef, 82,500 tonnes of imported chicken, powdered milk, coffee beans, green onions, and ethanol materials. The government will…
South Korea to Restart Construction on 2 Nuclear Reactors
July 6, 2022
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Asia & PacificBusiness & Marketseconomic policieseconomyInvestmentnuclear energyNuclear powerSouth KoreaWorldYoon Suk-yeol
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South Korea announced on July 5 that it will restart construction work on two nuclear reactors and continue operating those that are already running. The move was made “in accordance with the highest decision-making procedures” of new President Yoon Suk-yeol’s administration, according to South Korea’s Ministry of Trade, Industry, and Energy. The energy ministry said that…
South Korea Joins US-Led Mineral Security Alliance, Aims to Curb Chinese Dominance in Critical Minerals Supply
June 29, 2022
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Asia & Pacificchinese importscritical mineralsIndo-Pacific Economic Framework IPEFMinerals Security Partnership (MSP)raw materialsSouth Koreasupply chainWorldYoon Suk-yeol
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South Korea has announced its participation in the U.S.-led Minerals Security Partnership (MSP) to cut its heavy reliance on Chinese mineral and raw materials imports. The announcement of joining the MSP came shortly after South Korea’s decision in May to participate in the U.S.-led Indo-Pacific Economic Framework (IPEF). IPEF outlines the United States’ key priorities…
South Korea Launches First Satellite With Homegrown Rocket
SEOUL, South Korea—South Korea conducted its first successful satellite launch using a domestically developed rocket on Tuesday, officials said, boosting its growing aerospace ambitions and demonstrating it has key technologies needed to launch spy satellites and build larger missiles amid tensions with rival North Korea. The three-stage Nuri rocket placed a functioning “performance verification” satellite…
South Korean President Names New Ambassador to China, With Tough Stance on Beijing
June 12, 2022
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ambassador to ChinaAsia & PacificCCPChinaChinese RegimeInternational RelationsSouth KoreaTHAADU.S.-China relationsWorldYoon Suk-yeol
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The South Korean presidential office on June 7 announced the appointment of Chung Jae-ho, a professor at Seoul National University, as the new ambassador to China. He is vocal about preserving South Korea’s national identity and not caving under pressure from the Chinese Communist Party (CCP). Chung, 62, completed a master’s degree in Chinese history…
Biden Wraps Visit to South Korea, Highlights Hyundai’s Major US Investment Pledge
May 23, 2022
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Asia & PacificbidenBusiness & EconomyCompanieseconomyEDSCGExecutive BranchGeorgiaHyundaiInvestmentIPEFPolicies & ImpactsPoliticssemiconductorSouth KoreaUSWorldYoon Suk-yeol
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President Joe Biden wrapped up his South Korea visit by highlighting Hyundai Motor’s pledge to invest at least $10 billion in electric vehicles and related technologies in the United States. The three-day Biden-Yoon summit tended to various business and security interests, from supply chains to North Korea. On Sunday, May 22, the last day of…
First Biden-Yoon Summit Discusses North Korea, Supply Chains, and Security
May 21, 2022
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Asia & PacificChinaEDSCGIndo-PacificIPEFJoe BidenNorth KoreaSamsungsemiconductorsummitUSWorldYoon Suk-yeol
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President Joe Biden, on Friday, landed in South Korea on his first trip to Asia since taking office. The five-day itinerary, which will also take him to Japan, aims to strengthen Indo-Pacific alliances to counter Chinese influence. After touching down in Seoul, Biden first toured Samsung’s chip complex in Pyeongtaek, accompanied by the new South…
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