SEOUL, Sept. 5 (Korea Bizwire) — South Korea on Tuesday acknowledged the possibility of a need to purchase advanced U.S. weapons systems in the future as part of efforts to enhance its deterrence against North Korean provocations but dismissed any immediate plan to spend “many billions of dollars” as suggested by Washington. In a short [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korean President Moon Jae In is set to hold talks with his Russian counterpart and Germany chancellor later Monday in telephone conversations widely expected to focus on ways to rein in North Korea’s evolving nuclear and missile provocations, the presidential office Cheong Wa Dae said. Moon will first [...]
SEOUL, Aug. 14 (Korea Bizwire) – President Moon Jae-in promised Monday to expand government support for national heroes, independence fighters and their families, noting the nation and its people are permanently indebted to them for their sacrifices that allowed the freedom they enjoy now. “Each and every person here deserves respect and gratitude. Thanks to [...]
SEOUL, Aug. 6 (Korea Bizwire) — The government is pushing to relocate the presidential office now situated at the foot of a mountain in Seoul to a state office complex in the downtown area in 2019, sources said Sunday. Later in the year, the government plans to launch a committee in charge of finalizing the [...]
SEOUL, July 28 (Korea Bizwire) – The presidential office Cheong Wa Dae reiterated Friday that the government will follow the decision that select citizens will make over the fate of two nuclear reactors after their public deliberation process. Its remarks came a day after a government panel tasked with overseeing the deliberation process said that [...]
SEOUL, Jul. 6 (Korea Bizwire) — Until recently, the 400-meter-long road along the presidential compound Cheong Wa Dae was dotted with checkpoints, barricades and plain-clothed policemen who would hurl a vexing, if not rude, question to passers-by, “Where are you going?” The heavily guarded trail kept conjuring up the aloof, high-handed image of a president [...]
SEOUL, Jun. 23 (Korea Bizwire) — Starting next week, anyone, including foreign tourists, will be able to drive or walk near South Korea’s presidential office Cheong Wa Dae at all hours, the office announced Thursday. Currently, the only road leading to Cheong Wa Dae is closed off to public access from 8 p.m. to 5:30 [...]
SEOUL, June 7 (Korea Bizwire) – South Korea’s defense ministry began preparations for a full-blown environmental impact assessment on the ongoing deployment of the U.S. THAAD missile defense system Tuesday, a ministry official said, a move that will inevitably delay its operation. The move came one day after President Moon Jae-in personally ordered a thorough study [...]
SEOUL, May 26 (Korea Bizwire) — President Moon Jae-in on Thursday directed his secretariat to slash funds for special presidential activities to support job creation and marginalized citizens, his office said. Lee Joung-do, Moon’s secretary for general affairs, said that the president would also use his own money for family meals, commodities and private events, [...]
SEOUL, May 18 (Korea Bizwire) – President Moon Jae-in on Wednesday tapped a well-known critic of large conglomerates as the new chief of the corporate watchdog Fair Trade Commission (FTC). Kim Sang-jo, a economics professor from Seoul’s Hansung University, has been nominated as the new head of the FTC, according to the presidential office Cheong Wa Dae. “He has been nominated as he is considered the right person to set the direction for a new relationship between larger and smaller businesses based [...]