SEOUL, July 30 (Korea Bizwire) — The finance ministry said Wednesday it has briefed President Lee Jae Myung on plans to adopt a “performance-based” fiscal management approach aimed at enhancing investment efficiency and fiscal sustainability. The report was delivered during the third meeting of the emergency economic response task force, presided over by Lee. The [...]
SEOUL, July 29 (Korea Bizwire) — President Lee Jae Myung on Tuesday invited citizens to attend a ceremony next month symbolizing his appointment by the people. In a Facebook post, Lee said the “People’s Appointment Ceremony” will be held at Gwanghwamun Square in downtown Seoul on Aug. 15, shortly after the ceremony marking the 80th [...]
SEOUL, July 29 (Korea Bizwire) — President Lee Jae Myung on Tuesday called for stronger workplace safety measures to prevent fatal industrial accidents and tougher punishments against violators. Lee made the remarks during a Cabinet meeting that was aired live, following the fifth fatal workplace accident this year at a construction site operated by POSCO [...]
SEOUL, July 29 (Korea Bizwire) — President Lee Jae Myung has sent a letter to Japanese Prime Minister Shigeru Ishiba to express his gratitude for his participation in an event commemorating the 60th anniversary of the normalization of bilateral diplomatic ties, a presidential official said Tuesday. Ishiba attended the ceremony hosted by the South Korean [...]
SEOUL, July 25 (Korea Bizwire) – President Lee Jae Myung on Friday visited a factory where a worker was killed after getting caught in a machine, saying he will stop industrial accidents from repeating themselves. The plant in Siheung, some 30 kilometers southwest of Seoul, is where a woman in her 50s was killed in [...]
SEOUL, July 24 (Korea Bizwire) — President Lee Jae Myung on Thursday held separate phone calls with his counterparts in Germany and Uzbekistan, his office said, to discuss strengthening bilateral cooperation. During his call with German Chancellor Friedrich Merz, Lee highlighted the strong relationship between the two nations. Merz agreed, noting that Germany and South [...]
SEOUL, July 22 (Korea Bizwire) — President Lee Jae Myung on Tuesday called on the government to ramp up efforts to boost domestic consumption alongside universal cash handouts, while also ensuring inflation is kept in check. Lee made the remarks during a Cabinet meeting as the government began issuing cash handouts, called “consumption coupons,” following [...]
SEOUL, July 21 (Korea Bizwire) — President Lee Jae Myung on Monday instructed government officials to swiftly designate flood-stricken regions as special disaster zones to bolster rescue and recovery efforts, and provide support to affected residents, his office said. Lee made the call during a visit to Sancheong County, located about 300 kilometers southeast of [...]
SEOUL, July 18 (Korea Bizwire) — President Lee Jae Myung held meetings with Hyundai Motor Group Executive Chair Euisun Chung and LG Group Chairman Koo Kwang-mo and discussed business and trade issues, the presidential office said Friday. Lee hosted a dinner meeting with Chung on Monday and another dinner with Koo on Tuesday, presidential spokesperson [...]
SEOUL, July 15 (Korea Bizwire) — The Cabinet on Tuesday approved amendments to the Commercial Act that expand the fiduciary duties of corporate board members to all shareholders, in a move that many analysts say will help improve standards on corporate governance. The legislation is expected to lay the groundwork for strengthening the protection of [...]