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☆ South Korea's Yoon to meet Japan's Kishida in Tokyo on Thursday
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +1 min

[1/2] FILE PHOTO-South Korea's President Yoon Suk Yeol speaks during a ceremony of the 104th anniversary of the March 1st Independence Movement Day against Japanese colonial rule, in Seoul on March 1, 2023. Jung Yeon-Je/Pool via REUTERSSEOUL, March 14 (Reuters) - South Korean President Yoon Suk Yeol will travel to Japan for talks on Thursday with Prime Minister Fumio Kishida, a South Korean official said, days after South Korea announced a plan to end a row between the U.S. allies over wartime forced labour. Yoon's two-day visit to Japan from Thursday will be the first such trip by a South Koran leader in 12 years. "This visit ... will be an important milestone in the improvement of relations between South Korea and Japan which has been promoted by the Yoon administration since inauguration," Yoon's national security adviser, Kim Sung-han, told a briefing on Tuesday. South Korea announced last week that its companies would compensate victims of forced labour under Japan's colonial rule from 1910-1945, seeking to end a dispute that has undermined U.S.-led efforts to present a unified front against China and North Korea.

☆ S.Korea's Yoon to visit Japan for summit, first such trip in 12 years
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

SEOUL, March 9 (Reuters) - South Korean President Yoon Suk Yeol and his wife will visit Japan from March 16-17 at Tokyo's invitation, his office said on Thursday, the first such visit in 12 years after Seoul announced a plan to end a protracted dispute over wartime forced labour. Yoon will hold a summit meeting with Japanese Prime Minister Fumio Kishida. "The visit... will be an important milestone in the improvement and development of relations between South Korea and Japan," Yoon's office said in a statement. “South Korea is an important neighbour with which we should cooperate in addressing various issues in the international community,” Japan Chief Cabinet Secretary Hirokazu Matsuno said at a briefing. South Korea's defence ministry said on Tuesday it would work with Japan to enhance security cooperation, including trilateral relations with the United States.

☆ Biden to host S.Korea's Yoon for state visit April 26 -White House
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, March 7 (Reuters) - U.S. President Joe Biden will host South Korean President Yoon Suk Yeol for a state visit on April 26, the White House said on Tuesday. "The upcoming visit celebrates the 70th anniversary of the U.S.-ROK alliance, which is critical to advancing peace, stability, and prosperity for our two countries, the Indo-Pacific, and around the world," White House Press Secretary Karine Jean-Pierre said in a statement. The visit will highlight the United States' "unwavering commitment" to South Korea, she said. The state visit is the second of Biden's administration, she said. Reporting by Susan Heavey; Editing by Doina ChiacuOur Standards: The Thomson Reuters Trust Principles.

☆ S.Korea's Yoon says cooperation with US, Japan key to overcoming N.Korea threats
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +2 min

[1/2] South Korea's President Yoon Suk Yeol speaks during a ceremony of the 104th anniversary of the March 1st Independence Movement Day against Japanese colonial rule, in Seoul on March 1, 2023. Jung Yeon-Je/Pool via REUTERSSEOUL, March 1 (Reuters) - South Korean President Yoon Suk-yeol said on Wednesday that trilateral cooperation with the United States and Japan has become more important than ever to overcoming North Korea's growing nuclear threats and other crises. Yoon spoke at an event commemorating the country's historic March First independence movement against Japan's 1910-1945 occupation of Korea. "Japan has transformed from a militaristic aggressor of the past into a partner that shares the same universal values with us," said Yoon. Though Japan and South Korea are at times uneasy neighbours, the three countries are keen to expand cooperation in various fields in the face of increased global tensions, a more assertive China and an unpredictable North Korea.

☆ South Korea's Yoon warns of ending military pact if North violates airspace again, Yonhap reports
▼ + stars: | 2023-01-04 | by ( Hyonhee Shin | ) www.reuters.com time to read: +1 min

SEOUL, Jan 4 (Reuters) - South Korean President Yoon Suk-yeol said on Wednesday he would consider suspending a 2018 inter-Korean military pact if North Korea violates its airspace again, Yonhap news agency reported, citing his press secretary. Yoon made the comment after being briefed on countermeasures to North Korean drones that crossed into the South last week, calling for building an "overwhelming response capability that goes beyond proportional levels," Yonhap said. Yoon has criticised the military's handling of the drone incident, in part blaming the previous administration's reliance on the 2018 pact banning hostile activities in the border areas. "He also called for accelerating the development to produce stealth drones this year and quickly establishing a drone killer system," Kim said, according to Yonhap. Reporting by Hyonhee Shin; Editing by Tom Hogue and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

☆ S.Korea's Yoon warns of ending military pact if North violates airspace again -Yonhap
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: 1 min

SEOUL, Jan 4 (Reuters) - South Korean President Yoon Suk-yeol said on Wednesday he will consider suspending a 2018 inter-Korean military pact if North Korea violates its airspace again, Yonhap news agency reported, citing his press secretary. Reporting by Hyonhee Shin; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ South Korea's Yoon says North Korea faces retaliation for provocations
▼ + stars: | 2023-01-01 | by ( ) www.reuters.com time to read: 1 min

Indonesia lifts remaining COVID restrictions, article with galleryAsia Pacific category · December 30, 2022Indonesia on Friday removed all remaining measures to control the spread of COVID-19 effective immediately, since most of the country's population already has antibodies against the disease, President Joko Widodo said.

☆ S.Korea's Yoon orders revamp of response to violations of country's air space
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

SEOUL, Dec 29 (Reuters) - South Korea's President Yoon Suk-yeol ordered a revamp of the military's response to objects violating its airspace, his office said on Thursday, after an intrusion by North Korean drones exposed its difficulty in shooting down small aircraft. Five North Korean drones crossed into South Korea on Monday, prompting South Korea's military to scramble fighter jets and attack helicopters, though it failed to bring down the drones, which flew over South Korea for hours. "North Korean drones' intrusion of our airspace is an intolerable incident," Yoon said. The military apologised for its response, and said it could not shoot down the drones because they were too small. "Our military will conduct joint air defence drills ... simulating response to enemy's small-sized unmanned aircraft," a JCS spokesperson told a regular briefing.

☆ South Korea's Yoon vows to advance creation of military drone unit
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: 1 min

SEOUL, Dec 27 (Reuters) - South Korean President Yoon Suk-yeol said on Tuesday he would advance the creation of a military unit specialising in drones, criticising the military response to a border intrusion by North Korean drones. Five North Korean drones crossed into South Korea on Monday, prompting Seoul to scramble fighter jets and attack helicopters, and try to shoot them down. The incident highlighted the lack of training and readiness by the South Korean military, even though there had been previous intrusions, Yoon said. Reporting by Choonsik Yoo and Hyonhee Shin; Editing by Tom Hogue and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

[1/5] South Korean President Yoon Suk-yeol speaks at an interview with Reuters in Seoul, South Korea, November 28, 2022. REUTERS/Daewoung KimSEOUL, Dec 4 (Reuters) - South Korean President Yoon Suk-yeol on Sunday ordered preparations for widening a back-to-work order beyond the cement industry amid a prolonged truckers' strike. Thousands of South Korean truckers have been on strike for more than 10 days, with negotiators for the government and unions making no progress on disagreements over minimum pay rules. The Korean Confederation of Trade Unions, an umbrella group, is planning a general strike for Tuesday. The government has said it would not expand a minimum pay system for truckers beyond a further three years.

☆ Exclusive: South Korea's Yoon urges attention to any 'financial instability' as money market jolted
▼ + stars: | 2022-11-29 | by ( Soyoung Kim | ) www.reuters.com time to read: +3 min

SEOUL, Nov 29 (Reuters) - South Korea's government and the central bank should pay greater attention to addressing any financial instability, President Yoon Suk-yeol told Reuters, as the money market grapples with a steep selloff amid rising interest rates and a property slump. Yoon's comments come as the BOK last week signalled that it could be nearing the end of an unprecedented streak of policy tightening in Asia’s fourth-largest economy to curb inflation. South Korea's money market, especially at the short-end of the bill curve, has experienced one of the worst routs in Asia as investors sold-off in the wake of rising interest rates and a broader property market downturn. South Korea's household debt-to-GDP ratio stood at 102.2% in the second quarter, the highest level among 35 major economies tracked by the Institute of International Finance. The BOK's monetary policy committee unanimously agreed to hike interest rates by a quarter-percentage point to 3.25% at its Nov. 24 review - taking the benchmark rate to its highest since 2012.

☆ Exclusive: South Korea's Yoon: should pay attention to any 'financial instability'
▼ + stars: | 2022-11-29 | by ( Soyoung Kim | ) www.reuters.com time to read: +1 min

SEOUL, Nov 29 (Reuters) - South Korea's government and the central bank should pay greater attention to addressing any financial instability as the economy is headed for slower inflation, President Yoon Suk-yeol told Reuters. "There are increasing opinions that inflation has passed its peak and it's time to slow down the speed and reduce the breadth of the rate hikes. However we must still continue to closely monitor any possible financial instability," Yoon said during a broader interview in his office on Monday, when asked if it is time for the Bank of Korea to slow monetary tightening. Yoon's comments come as the BOK last week signalled that it could be nearing the end of an unprecedented streak of policy tightening in Asia’s fourth-largest economy to curb inflation. Writing by Cynthia Kim; Editing by Himani Sarkar & Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

SEOUL, Nov 29 (Reuters) - South Korea will offer "tailored" incentives to encourage Tesla to set up an electric vehicle gigafactory in the country and will minimise any risks posed by militant unions, President Yoon Suk-yeol told Reuters. Yoon held a video call with Tesla Chief Executive Elon Musk last week and Yoon's office cited Musk as saying South Korea is among the top candidate locations for a new Tesla factory. Yoon said South Korea offers highly skilled workers and his government would ensure regulations align with international standards so that foreign firms do not face unexpected financial or regulatory hurdles. Yoon credited his government's tough response to labour union strikes this year for starting the process of establishing a rule of law in industrial relations for both management and labour. About 9,600 truckers have joined the strike organised by the truckers' union, demanding a permanent guarantee of a minimum freight rate to protect against rising and unpredictable fuel costs and overwork.

It was in China's interest to make its "best efforts" to induce North Korea to denuclearise, he said. North Korea's tests overshadowed multiple gatherings this month of international leaders, including the Group of 20 conference in Bali, where Yoon pressed Chinese President Xi Jinping to do more to rein in North Korea's nuclear and missile provocations. China is South Korea's largest trading partner, as well as a close partner of North Korea. South Korea, Japan, and the United States have agreed to share real time information for tracking North Korean ballistic missile tests. Now Japan faced more and more threats from North Korea’s missile programme, including tests that overfly Japanese islands, Yoon said.

☆ South Korea's Yoon looks to boost arms exports, develop defence tech
▼ + stars: | 2022-11-24 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

SEOUL, Nov 24 (Reuters) - South Korea's President Yoon Suk-yeol pledged on Thursday to step up efforts to boost weapons exports and secure cutting-edge defence technologies as he aims to build the country's weapons industry into the world's fourth-largest arms exporter. Yoon hosted a meeting on promoting defence exports for the first time since taking office in May, designed to explore ways to shift the mainstay of the industry to exports from domestic supplies. "The defence industry is a new future growth engine and the pivot of the high-tech industry," Yoon told the meeting held at Korea Aerospace Industries Ltd (047810.KS), South Korea's sole warplane developer located in the southeastern city of Sacheon. In August, Yoon unveiled a goal of nurturing the country's defence industry into the world's fourth-largest, after the United States, Russia and France. "Some say that there might be a vacuum in our military force due to defence exports as part of their political offensive, but the government will maintain thorough military readiness posture while actively supporting those exports," Yoon said.

☆ South Korea's Yoon suspends media briefing amid row over banning broadcaster
▼ + stars: | 2022-11-21 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

SEOUL, Nov 21 (Reuters) - South Korean President Yoon Suk-yeol on Monday suspended his near-daily media briefings amid a spat over banning a major TV broadcaster's reporters from boarding the presidential plane for what he called "malicious" and "fake" news. Yoon's office barred a crew from MBC from riding in the plane with him during a Southeast Asia visit earlier this month, alleging biased coverage of recent controversies. The end of the free-wheeling briefings came three days after an MBC reporter shouted a question to Yoon asking what was "malicious" about their reporting, to which Yoon walked off without an answer. In its statement on Monday, Yoon's office said it decided the informal briefing could not continue without measures to prevent similar incidents from recurring. Media initially reported Yoon's crude comments were targeting the U.S. Congress but Yoon's office said he was referring to South Korea's parliament.

It was a rare, candid glimpse of the Chinese leader and a reminder of Beijing's testy relations with the West. Besides Biden, Trudeau and Australia's Anthony Albanese, Xi also met the leaders of South Korea, Italy, Argentina, Holland and France for bilateral talks in Bali. Xi was ferried around Bali in his own Hongqi (Red Flag) limousine - Mao Zedong used an earlier model - China's version of the U.S. presidential "Beast" limo. Returning to in-person diplomacy also gives Xi a platform to push Chinese initiatives that further cement its stature as leader of the emerging world. "I think in the coming years you'll see China indeed making a serious effort to implement its major power diplomacy," he said.

At stake is an unresolved dispute over compensation for the Korean wartime labourers used by Japanese firms during World War Two, which had worsened bilateral relations in recent years. The South Korean presidential office also said that the two leaders agreed to continue discussions for prompt resolution of the pending issues. A South Korean court has ordered the seizure of assets of Japanese companies accused of not compensating some of their colonial-era labourers. read moreTokyo says the issue of compensation was settled under a 1965 treaty normalizing diplomatic ties and providing South Korea with economic assistance, and has warned of serious repercussions if the orders are enforced. Japan has urged South Korea to present a solution, and a Seoul official said it would devise a proposal that can win consent from both South Korean victims and Tokyo.

☆ South Korea's Yoon says North Korea's provocations becoming more aggressive
▼ + stars: | 2022-11-13 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

SEOUL, Nov 13 (Reuters) - South Korean President Yoon Suk-yeol said on Sunday that North Korea is conducting more "aggressive" provocations based on confidence over its nuclear and missile programmes, calling for strong cooperation with the United States and Japan. "North Korea is conducting more hostile and aggressive provocations based on confidence over its nuclear and missile capabilities," Yoon said in remarks broadcast on South Korean television. In a separate bilateral meeting with Biden, Yoon stressed the need to strengthen extended deterrence against North Korea's growing threats, and said they should show Pyongyang that it would gain nothing with its nuclear and missile programmes, according to Yoon's office. Biden said South Korean companies' large contribution to the U.S. economy should be considered when implementing the new rules, according to Yoon's office. Reporting by Soo-hyang Choi; Editing by William Mallard and Raissa KasolowskyOur Standards: The Thomson Reuters Trust Principles.

☆ South Korea's Yoon hopes for co-operation with China, Japan
▼ + stars: | 2022-11-12 | by ( ) www.reuters.com time to read: 1 min

SEOUL, Nov 12 (Reuters) - South Korean President Yoon Suk-yeol said on Saturday he hoped for the early activation of a mechanism for three-way ties with China and Japan. At a summit of leaders of the Association of Southeast Asian Nations (ASEAN), Yoon urged stronger joint efforts to overcome complex future crises, such as those stemming from war and rights abuses worldwide as well as risks to security of food and energy brought by climate change. Reporting by Joyce Lee and Minwoo Park; Editing by William Mallard and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ South Korea's Yoon to attend ASEAN, G20 summit meetings this month
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Nov 9 (Reuters) - South Korean President Yoon Suk-yeol will attend meetings of ASEAN and the Group of 20 industrialised nations this month, a senior administration official said on Wednesday. South Korea is arranging a possible bilateral summit between Yoon and U.S. President Joe Biden as well as a trilateral summit involving the United States and Japan on the sidelines of the events, according to South Korea's Yonhap news agency. "We are arranging summits with key countries on the occasion of attending the ASEAN and G20 meetings," Yoon's national security adviser, Kim Sung-han, told a briefing. Nothing has been decided regarding a possible one-on-one meeting between Yoon and Japanese Prime Minister Fumio Kishida, Yonhap said. Yoon, who took office in May, has been keen to improve relations with Tokyo at a time when both countries face North Korea's evolving nuclear and missile threats.

☆ South Korea's Yoon apologises for Halloween crush, vows justice
▼ + stars: | 2022-11-07 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

[1/3] South Korean President Yoon Suk-yeol holds a flower to be placed as a tribute to victims as he visits the scene of a crowd crush that happened during Halloween festivities, in Seoul, South Korea, November 1, 2022. REUTERS/Kim Hong-JiSEOUL, Nov 7 (Reuters) - South Korean President Yoon Suk-yeol apologised on Monday for the deadly Halloween crush in Seoul, pledging to hold to account any officials found to be responsible for sloppy responses and to reform police and safety management systems. Yoon offered the apology during a meeting to review safety rules, as the country continues to mourn the crush victims. Yoon initially ascribed the authorities' poor handling to flaws in the country's crowd management and safety regulations. At Monday's safety meeting, he vowed to overhaul the national safety management system, carry out a thorough investigation and bring those responsible for failings to account.

☆ South Korea's Yoon declares national mourning period over stampede, Yonhap reports
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: 1 min

Glencore cuts zinc output guidance after production drops 18% in nine months, article with imageMarkets · October 28, 2022Glencore produced 18% less zinc in the first nine months compared with the same period a year before, the company said on Friday as it trimmed its full-year output forecast by 6% due to knock-on effects of the Ukraine war.

[1/4] South Korean President Yoon Suk-yeol walks at the scene where many people died and were injured in a stampede during a Halloween festival in Seoul, South Korea, October 30, 2022. REUTERS/ Heo RanSEOUL, Oct 30 (Reuters) - South Korea's President Yoon Suk-yeol declared a period of national mourning on Sunday after a Halloween crush killed some 151 people in a packed nightlife area in Seoul. It was the first Halloween event in Seoul in three years after the country lifted COVID-19 restrictions and social distancing. Choi, the Yongsan district fire chief, said all the deaths were likely from the crush in the single narrow alley. Reporting by Soo-hyang Choi, Choonsik Yoo Daewoung Kim, Hong-ji Kim, Writing by Jack Kim; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ S.Korea's Yoon calls for quick resumption of popular messaging, portal services
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +2 min

Service disruptions, some of which continued into Sunday, hit some of the country's most-used apps and websites, including Kakao messenger and the company's online payment, gaming and music streaming services. read moreThe outages highlighted how reliant South Korea is on Kakao messenger, which is the default form of communication for many government and business services. Register now for FREE unlimited access to Reuters.com Register"We ask that government ministries also make every effort to ensure that Kakao and others can responsibly and promptly restore services," Yoon said, according to his spokeswoman. Yoon ordered the science and ICT minister to provide personal support, and called for an investigation to identify the exact causes behind the incident. Register now for FREE unlimited access to Reuters.com RegisterReporting by Josh Smith; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

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