35 million South Koreans to benefit from ‘disaster relief money’ for households
SEOUL: The South Korean government will grant “emergency disaster relief money” to a majority of the country’s households in a one-off stimulus program to help with the economic impact of the coronavirus crisis, President Moon Jae-in said Monday. He also unveiled a plan to seek another supplementary budget during a third session of the emergency […]
Xi ‘almost certain’ visit S. Korea in first half of next year
Seoul: Chinese President Xi Jinping is “almost certain” to visit South Korea in the first half of next year, a presidential official said Wednesday. President Moon Jae-in invited Xi to visit the South in the near future when they held summit talks in Beijing on Monday. Xi said in response that he will positively consider […]
Moon: Blocking Koreas’ separated families from being reunited is wrong
Seoul: President Moon Jae-in said his administration will keep doing its best to create opportunities for separated families in the two Koreas to be reunited as often as possible. He was speaking in a special KBS program on the issue of family members residing on the other side of the border following the 1950-53 Korean […]
Moon’s regional tour injects fresh vigor into his New Southern Policy Diplomacy
Vientiane: South Korean President Moon Jae-in’s campaign to reinforce Seoul’s strategic partnerships with Southeast Asian nations has gained fresh momentum this week, as he made a fruitful tour of Thailand, Myanmar and Laos, Cheong Wa Dae aides said Friday. Moon made a pitch for the New Southern Policy less than three months ahead of a […]
Moon urges North Korea, other parties to seize rare dialogue opportunity
Seoul: President Moon Jae-in on Monday called on North Korea and the United States to seize the current chance to achieve denuclearization and lasting peace, as Seoul and Washington are wrapping up their combined military drills. The allies kicked off the “command-post” exercise on August 5. In response, North Korea demonstrated its own firepower with […]
S. Korea: new home permits down 9 pct in H1
New home permits in South Korea dropped 9.2 percent in the first half of the year, the government said Tuesday, amid toughened regulations on the housing market. Construction permits issued for new homes came to 226,594 in the first six months of the year compared with 249,505 the same period a year ago, according to […]
Moon urges innovative growth to counter Japan’s trade pressure
President Moon Jae-in said Monday his government will redouble its push for innovative growth in South Korea’s manufacturing sector, especially by nurturing globally competitive startups, as part of a long-term response to Japan’s trade pressure. He pointed out that Tokyo’s export restrictions have added to the economic troubles facing Asia’s fourth-largest economy amid the exacerbation […]
Moon warns Japan will suffer more damage from export curbs against S. Korea
President Moon Jae-in on Monday vowed not to succumb to Japan’s economic pressure, warning that the neighboring country will suffer greater economic damage should their trade stand-off continue. He stressed that Tokyo’s tougher export restrictions, which target firms here, will be counterproductive and eventually backfire due to the “united power” of all South Korean people. […]
Seoul seeks US backing over trade war
Calls are growing for the United States to intervene in the deepening trade friction between South Korea and Japan after Japan’s Prime Minister Shinzo Abe imposed new restrictions on exports that could hurt South Korea’s tech industry. Thoughts are that if tensions continue to escalate, cooperation outside bilateral economic relations such as coordinating “in efforts […]
Moon: Gov’t to spend 849 bln won for information security
President Moon Jae-in said Wednesday his administration will spend 848.5 billion won (US$718 million) by 2022 to bolster information security. “By strengthening the foundation of information protection, (the government) will protect the core infrastructure of the Fourth Industrial Revolution era such as big data, artificial intelligence and Internet of Things,” he said in a speech […]
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