President Yoon Suk-yeol was sworn in as the 20th state leader of South Korea on Tuesday morning, vowing to rebuild the nation based on values of liberal democracy and a market economy. More than 40,000 people, including political leaders, foreign envoys and residents, were invited to the inauguration ceremony held at the National Assembly from 11:00 a.m.  A state prosecutor for 27 years and a political novice, Yoon came out victorious in the March presidential election that was the closes

Yoon starts with one of the lowest popularity ratings for new presidents

El Salvador’s ambassador discusses, strategic projects, bitcoin and blockchain ecosystem on the 60th anniversary of El Salvador-South Korea diplomatic relations

President Yoon Suk-yeol was sworn into office Tuesday with the kind of large inauguration ceremony that his predecessor missed out on. The event was held at the National Assembly, with some 41,000 people in attendance, including former President Moon Jae-in and his wife Kim Jung-sook, former President Park Geun-hye, officials from the government and National Assembly, diplomatic delegations and more. After paying his respects at Seoul National Cemetery in the morning, Yoon arrived at the N

 South Korea needs to look beyond the major powers in its bid to denuclearize North Korea, former UN Undersecretary-General Kim Won-soo told the Korea CQ Forum in Seoul last week. Citing the EU’s role in Iran’s denuclearization talks, South Korea can bring India, Mexico, Indonesia, or other countries who share similar interests and have a significant international presence without being strongly aligned with the US and China, Kim said, stressing there are functional approaches

Yoon Suk-yeol was officially sworn in as the 20th president of South Korea on Tuesday, kicking off his five-year term with the inauguration ceremony at 11 a.m. at the National Assembly in the nation’s capital. He has some distinct features that make him a unique leader in a number of ways. Here are five facts about the country’s new leader. 1) The first president since the 50s to work outside Cheong Wa Dae Yoon’s presidency has brought about a noticeable change to South K

My fellow Koreans, seven and a half million fellow compatriots living overseas, fellow citizens around the world, I stand before you today, humbled by the trust and responsibility that you have given me and mindful of my solemn duty to rebuild this great nation. It is our generation’s calling to build a nation that espouses liberal democracy and ensures a thriving market economy, a nation that fulfills its responsibility as a trusted member of the international community, and a nation tha

   Italy is a leading innovator with valuable opportunities for cooperation with Korean entities, says Italian ambassador to South Korea Federico Failla. Speaking at The Korea Herald’s Global Business Forum on May 4 in Seoul, Failla highlighted Italy’s past and continuing innovations, and its focus on green energy. According to Failla, Italy is committed to achieving carbon neutrality in 2050, and currently produces 20 percent of total energy from renewable sources, as w

Yoon says door to dialogue open for the North to resolve nuclear threat

In 2022, after a nationwide discussion, Uzbekistan adopted the Development Strategy for 2022-2026. To fully understand the essence of Development Strategy - Development Program, I consider it necessary to draw special attention to the following fundamental issues. Firstly, Uzbekistan’s presidential elections, held in 2021, created completely new conditions for domestic political development and the implementation of foreign policy tasks. The main result of the elections is high political

The chief of the Bank of Korea (BOK) has been elected to the highest decision-making body of the Bank for International Settlements (BIS), Seoul's central bank said Tuesday. BOK Gov. Rhee Chang-yong was elected to the 18-member board of the Switzerland-based BIS on Monday (local time) and began his three-year term, the BOK said in a press release. Rhee is the second South Korean central banker to take a seat on the board. His predecessor, Lee Ju-yeol, assumed the position from early 2019 until t

President Yoon Suk-yeol plans to formally ask the National Assembly to approve Prime Minister nominee Han Duck-soo on Tuesday after he takes the oath of office, the floor leader of the ruling People Power Party (PPP) said. PPP floor leader Rep. Kweon Seong-dong told CBS radio that Yoon plans to file his first motion to ask the National Assembly to approve Han later in the day. "Under the National Assembly law, the National Assembly should hold a plenary session as soon as possible to approv

President Yoon Suk-yeol on Tuesday visited Seoul National Cemetery to pay his tribute to fallen patriots before attending his inauguration ceremony. Yoon was accompanied by his wife Kim Keon-hee and aides, including presidential chief of staff designate Kim Dae-ki, at the Seoul National Cemetery, where he laid flowers and burned incense for the national heroes. Yoon wrote a message in the guestbook that read, "Upholding the sacrifice and the devotion of the patriotic martyrs, I will make th

South Korea has developed a homegrown radar technology to identify and track ballistic missile warheads as part of efforts to strengthen the nation's air defense, its state-run military research agency said Tuesday. The Agency for Defense Development (ADD) has secured the technology designed to discern warheads of hostile missiles from other non-explosive parts, such as propellants and debris created from the separation of rockets, its officials said. "It is one of the technologies necessar

South Korean shipyards are suffering from a labor shortage due mainly to massive layoffs years earlier, stoking concerns over output disruptions amid bumper orders, industry sources Tuesday. The local shipbuilding industry had a combined workforce of some 93,000 as of the end of last year, down a whopping 54 percent from seven years earlier, according to the Korea Offshore & Shipbuilding Association. The tumble results largely from large-scale layoffs that local shipbuilders carried out to c