SEOUL, July 10 (Korea Bizwire) — President Lee Jae Myung on Thursday instructed senior aides to draw up measures to maximize effects of cash handouts, which is a part of an extra budget as a stimulus package to boost private consumption. Lee gave the instruction at a meeting with senior aides earlier in the day, [...]
SEOUL, July 10 (Korea Bizwire) — President Lee Jae Myung called for efforts Thursday to mend strained inter-Korean ties, saying peace between the two Koreas is the most realistic and practical path to ensuring national security. Lee made the remarks while presiding over a National Security Council (NSC) meeting, the first since he took office [...]
SEOUL, July 7 (Korea Bizwire) — President Lee Jae Myung on Monday urged for swift action regarding parliamentary vetting of his Cabinet member picks and key legislation during a dinner meeting with members of the ruling Democratic Party (DP), sources said. At the meeting held at the presidential residence, Lee requested attendees to see that [...]
SEOUL, July 4 (Korea Bizwire) – President Lee Jae Myung on Friday called for balanced economic growth and regional development, as the nation grapples with slow economic growth and rising income equality. Lee said business conglomerates, or chaebol, have helped South Korea achieve a developed nation at a time of rapid economic growth, but it [...]
SEOUL, July 3 (Korea Bizwire) — President Lee Jae Myung on Thursday praised Seoul’s recently completed defense export deal with Poland involving South Korean-produced K2 tanks, calling it a “splendid feat” for the Korean defense sector. Lee’s remarks came a day after the Defense Acquisition Program Administration (DAPA) announced that it had secured the second [...]
SEOUL, June 23 (Korea Bizwire) — President Lee Jae Myung on Monday instructed the presidential office and all ministries to be put under an emergency response system in order to address heightened tensions in the Middle East following U.S. strikes on Iran’s nuclear sites. In his first meeting with senior presidential aides since taking office, [...]
SEOUL, June 21 (Korea Bizwire) — South Korea’s benchmark KOSPI index surged past the 3,000 mark for the first time in three and a half years this week, fueling investor interest in sectors poised to benefit from President Lee Jae-myung’s economic agenda amid intensifying global volatility driven by renewed U.S. protectionism under President Trump. Analysts attribute [...]
SEOUL, June 20 (Korea Bizwire) — President Lee Jae Myung vowed Friday to provide full-scale support for the artificial intelligence (AI) industry, aiming to position it as South Korea’s next major economic growth driver. Lee made the remarks during a ceremony to launch a project to build an AI data center in Ulsan, some 305 [...]
TOKYO/SEOUL, June 19 (Korea Bizwire) — Japanese Prime Minister Shigeru Ishiba said Thursday he had a good discussion with President Lee Jae Myung during their first summit in Canada earlier this week, noting that they “aligned on views” on shared issues. Ishiba made the remark at an event in Tokyo held to celebrate the 60th [...]
CALGARY, Canada, June 16 (Korea Bizwire) — President Lee Jae Myung’s envisioned meeting with U.S. President Donald Trump in Canada won’t take place as Trump abruptly left the Group of Seven (G7) summit earlier than scheduled, Lee’s office said. Lee’s office had been arranging the first in-person meeting with Trump on the sidelines of the [...]