SEOUL, Aug. 13 (Korea Bizwire) — President Lee Jae Myung and Saudi Crown Prince Mohammed bin Salman agreed to further strengthen the two countries’ cooperation as they held phone talks Wednesday, Lee’s office said. In their first phone call since Lee’s inauguration in June, the two leaders noted bilateral cooperation has expanded beyond the traditional [...]
SEOUL, Aug. 13 (Korea Bizwire) – President Lee Jae Myung will visit Japan from Aug. 23-24 for summit talks with Japanese Prime Minister Shigeru Ishiba to discuss ways to advance bilateral relations and trilateral partnership with the United States, the presidential office said Wednesday. Lee will make a two-day visit to Japan before traveling to [...]
SEOUL, Aug. 11 (Korea Bizwire) — President Lee Jae Myung’s special pardons for political figures, businesspeople and low-level offenders aim to promote national unity and revitalize the local economy, the presidential office said Monday. During an extraordinary Cabinet meeting, Lee approved special pardons and reinstatement for 2,188 individuals on the occasion of Liberation Day, which [...]
SEOUL, Aug. 11 (Korea Bizwire) – President Lee Jae Myung held phone talks with Dutch Prime Minister Dick Schoof on Monday and discussed ways to step up their bilateral cooperation in semiconductors and other areas, his office said. During their first phone talks, Schoof congratulated Lee on his inauguration and expressed hope that the friendly [...]
SEOUL, August 1 (Korea Bizwire) — President Lee Jae Myung on Friday vowed efforts to promote balanced regional development, saying the government will provide more budgetary support for regions outside of the capital area. Lee made the remarks during a meeting with mayors and provincial governors at the presidential office, the first such gathering since [...]
SEOUL, July 31 (Korea Bizwire) — President Lee Jae Myung on Thursday called for establishing a next-generation power grid as he underscored the importance of shifting the country’s power supply infrastructure to one that centers on renewable energy. “Energy transition has become an essential task,” Lee said as he presided over a meeting of senior [...]
SEOUL, July 31 (Korea Bizwire) — President Lee Jae Myung urged the government Thursday to closely monitor public concerns over the trade deal with the United States and prepare follow-up measures to protect the nation’s core interests. Lee made the call after Seoul clinched a trade deal with Washington to lower the reciprocal and auto-specific [...]
SEOUL, July 31 (Korea Bizwire) — The government on Thursday unveiled a comprehensive tax reform plan aimed at strengthening the national revenue base, which includes raising the top corporate tax rate and tightening capital gains taxation by broadening the definition of large shareholders. The reform marks the first major tax overhaul under President Lee Jae [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s tariff deal with the United States has eased trade uncertainty for the export-driven economy, but President Lee Jae Myung now faces a tougher test of navigating complex alliance and security issues when he meets U.S. President Donald Trump in the coming weeks. Lee confronted a significant challenge [...]
SEOUL, July 30 (Korea Bizwire) — President Lee Jae Myung met Wednesday with former Japanese Prime Minister Yoshihide Suga to discuss ways to further develop bilateral relations between the two nations, the presidential office said. Suga headed a delegation from the Japan-South Korea Parliamentarians’ Association, marking the highest-level Japanese political figure’s first visit to Seoul [...]