SEOUL, June 5 (Korea Bizwire) — President Lee Jae-myung on Thursday instructed the government to swiftly prepare the relocation of the Ministry of Oceans and Fisheries to the southeastern city of Busan, his office said, one of his major campaign pledges. Lee issued the directive during his first Cabinet meeting since taking office on Wednesday, [...]
SEOUL, June 5 (Korea Bizwire) — President Lee Jae-myung has formed a policy planning committee to draw up the new government’s policy roadmap, which will effectively serve as a presidential transition team, his office said Thursday. The president appointed Lee Han-joo, head of the Democratic Party’s Institute for Democracy think tank, as the chair of [...]
SEOUL, June 5 (Korea Bizwire) — The floor leader of the People Power Party (PPP) announced his resignation Thursday, as the conservative party is reeling from a defeat in the presidential election earlier this week. Rep. Kweon Seong-dong told a meeting of party lawmakers at the National Assembly that he is resigning to take responsibility [...]
GWANGJU, June 4 (Korea Bizwire) — President Lee Jae-myung emerged as the top choice in a nationwide mock presidential election held among South Korean youth, winning more than half of the votes cast by participants under the age of 18. The mock election, organized by Gwangju YMCA and the Youth Mock Voting Coalition, surveyed 17,466 [...]
SEOUL, June 4 (Korea Bizwire) — President Lee Jae-myung said Wednesday that he would take note of the importance of policy coherence in relations with Japan. Lee, who was sworn into office earlier in the day, made the remarks when asked whether he would uphold the previous government’s approach on the wartime forced labor compensation [...]
SEOUL, June 4 (Korea Bizwire) – President Lee Jae-myung on Wednesday called for “watertight” military readiness in his first phone talks with South Korea’s military chief, shortly after assuming his role as commander-in-chief. During the phone talks, Lee received a security briefing from Joint Chiefs of Staff (JCS) Chairman Adm. Kim Myung-soo on North Korea’s [...]
SEOUL, June 4 (Korea Bizwire) – President Lee Jae-myung has instructed the launch of an emergency task force to address economic challenges as his first executive order since he took office Wednesday, his spokesperson said. Kang Yu-jung, spokesperson of the presidential office, made the remarks in a briefing, saying Lee ordered Deputy Prime Minister Lee [...]
SEOUL, June 4 (Korea Bizwire) — President Lee Jae-myung on Wednesday nominated one of his close confidants, Rep. Kim Min-seok of the Democratic Party (DP) who served as a top campaign aide, as his candidate for prime minister, marking his first personnel announcement since he took office earlier in the day. Kim, a former student [...]
SEOUL, June 4 (Korea Bizwire) — As Lee Jae-myung steps into the South Korean presidency, he inherits a nation weighed down by global headwinds and domestic fatigue. Confronted by a trade war brewing across the Pacific and an economy teetering on stagnation, the former human rights lawyer-turned-political brawler is shifting into the role of crisis manager [...]
SEOUL, June 4 (Korea Bizwire) — Lee Jae-myung’s path to the presidency has been anything but conventional. Bruised by political defeat, dogged by legal battles, and shaped by a lifetime of adversity, the 61-year-old politician now stands at the pinnacle of South Korean politics — a figure both divisive and unwavering. In a political landscape defined [...]