South Korean President Yoon Suk-yeol and his US counterpart Joe Biden agreed Saturday to launch a new communication channel between their offices for “frequent” communication of the two countries to strengthen bilateral cooperation on economic security. Recognizing how the future of the alliance between the two countries will be defined by their common efforts to address the challenges ahead, they also pledged to deepen and broaden cooperation on critical and emerging technologies

South Korea and the US will expand mutual investment and cooperate to stabilize the supply chain in strategic industries such as semiconductor and batteries, South Korean President Yoon Suk-yeol said during a summit with US President Joe Biden on Saturday. “Currently, we are living in an era of economic security where the economy is security and security is the economy,” Yoon said. “Changes in the international trade order and disruptions in supply chains directly impact peo

Mongolia‘s Deputy Foreign Minister Munkhjin Batsumber received North Korean ambassador to Mongolia O Sung-ho in Ulaanbaatar, Mongolia on Friday and expressed the importance Mongolia attaches to promoting relations with North Korea. Mongolia said it was ready to assist North Korea in the North’s efforts to fight against COVID-19, either through bilateral or multilateral arrangements. North Korean ambassador to Mongolia O Sung-ho applauded the offer and expressed willingness to work

A 90-minute summit between the US and South Korea began as US President Joe Biden arrived at the presidential office in Yongsan-gu, Seoul around 1:30 pm on Saturday. When the vehicle arrived in front of the main gate of the presidential office building, President Yoon Suk-yeol greeted Biden in person. The two leaders shook hands at the entrance and entered the building side by side. The Korea-US summit was held on the fifth floor of the presidential office, and included a talk with a small n

President Yoon Suk-yeol officially appointed Prime Minister Han Duck-soo on Saturday after an opposition-controlled National Assembly confirmed him the previous day following nearly 50 days of partisan wrangling over his suitability. Yoon conferred an appointment certificate on Han in the morning at the presidential office in Seoul. Han took the country's No. 2 government post for the second time. The 72-year-old previously served as prime minister during the liberal Roh Moo-hyun administrati

President Yoon Suk-yeol and US President Joe Biden are set to hold their first summit in Seoul on Saturday on a range of issues, including North Korea's nuclear program and supply chain risks. Biden arrived the previous day on his first visit to the country as president and only 10 days after Yoon took office, as both countries claimed a North Korean nuclear or intercontinental ballistic missile test was imminent. On the first stop of his three-day visit, Biden visited a Samsung semiconductor

Yoon hopes to upgrade S. Korea-US relationship into economic, security alliance

The National Assembly on Friday approved the appointment of Han Duck-soo as the new prime minister, with the main opposition Democratic Party of Korea deciding to vote for the appointment at a meeting held late in the afternoon. The president can appoint ministers without parliamentary approval with the exception of the prime minister. The Democratic Party had expressed discontent with Han as a prime minister pick citing the unusually high salary he drew while working in the private sector,

Peak expected to hit between late May, early June

N.Korea issues COVID-19 treatment guidelines after overdose deaths, other malpractices reported

US President Joe Biden will arrive in South Korea on Friday afternoon to begin his three-day visit focused on strengthening the Korea-US alliance. After President Biden arrives at Osan Air Base in Pyeongtaek, Gyeonggi Province, he will move to the Pyeongtaek campus of Samsung Electronics to tour the world’s largest semiconductor production base. President Yoon Suk-yeol will accompany him and Samsung Electronics Vice Chairman Lee Jae-yong will guide them through the facility. It is the

Timeline set by Moon admin delayed

North Korea appears to be on the "cusp of potentially another intercontinental ballistic missile (ICBM) test," a top US military officer in South Korea has said, stressing the allied troops are "standing ready" to deal with it. During a security forum in Hawaii on Wednesday (local time), Lt. Gen. Willard M. Burleson, the head of the Eighth US Army, made the remarks amid rising concerns about the possibilities of an ICBM or nuclear test by Pyongyang. "We think we are on t

A top North Korean military official, who was a close aide to the late leader Kim Jong-il and known to have helped groom the current leader Kim Jong-un, has died, Pyongyang's state media reported Friday. Hyon Chol-hae, marshal of the Korean People's Army and general adviser to the Ministry of National Defence, died of multiple organ failure at 9 a.m. on Thursday at the age of 87, the official Korean Central News Agency (KCNA) said. The North has organized a state funeral committee chai

The Green Climate Fund (GCF), an international organization on fighting climate change, has approved $330 million in funding for five green energy projects, South Korea's finance ministry said Friday. The board of the GCF endorsed the funding plan for projects to support six emerging countries' efforts to battle climate change, according to the Ministry of Economy and Finance. A combined $301.5 million will be spent to support four new projects, including $200 million for India's