First lady cleared of stock manipulation allegations

The South Korean prosecution on Thursday announced it would not indict first lady Kim Keon Hee for her alleged involvement in a 63.6 billion won ($46.6 million) investment fraud case, effectively clearing her remaining legal risks. The Seoul Central District Prosecutors' Office said in a press release it would not pursue charges against the first lady as there was a lack of evidence that Kim had been aware of what was found to be a pump-and-dump scheme when trading stocks of the targeted compani

Oct. 17, 2024

Jeju Island plans to expedite screening of cruise passengers

The government plans to spend 5.2 billion won ($3.8 million) to set up an automated security screening system next year to expedite the embarking and disembarking process for foreign cruise ship passengers at sea ports on South Korea's southern Jeju Island. According to Bae Sang-up, commissioner of the Korea Immigration Service under the Ministry of Justice, the automated security checkpoints will be set up by October next year at two ports -- Jeju International Passenger Terminal and Seogw

Oct. 15, 2024

Yoon floats plan for tertiary hospital on Jeju Island

South Korea's southern Jeju Island could have its first tertiary hospital in 2027. President Yoon Suk Yeol said Tuesday that the government is considering easing policy hurdles for the self-governing province to have an accredited general hospital, which currently requires a population of 1 million in the region. The island is home to nearly 700,000, remaining far short of the requirement, but Yoon said such a "policy hurdle" needed to be addressed as part of a medical reform driv

Oct. 15, 2024

Yoon's former chief of staff named ambassador to China

Kim Dae-ki, who was President Yoon Suk Yeol's chief of staff during the first two years of Yoon's term, has been named the ambassador to China. Kim, a 68-year-old career bureaucrat, will replace the incumbent Chung Jae-ho, who served in the position since August 2022. Kim has expertise in handling trade-related affairs countering China and has a good command of Chinese, Chief of Staff Chung Jin-suk told reporters Monday. Seoul is awaiting China's approval of Kim's nomination,

Oct. 14, 2024

Yoon-Han meeting to take place next week

President Yoon Suk Yeol's office said Monday that a meeting between Yoon and ruling People Power Party Chair Han Dong-hoon will be held next week. According to Yoon's office, the meeting of the conservative ruling bloc's two prominent leaders will take place sometime early next week, following Wednesday's by-elections this week. The office also said it was coordinating with the ruling party. The meeting is drawing keen attention over whether Yoon and Han are able to fully mend fences. Han, Yoon'

Oct. 14, 2024

[News Focus] Momentum builds for 3-way summit by end of year

South Korea, the United States and Japan are accelerating efforts to convene a trilateral summit by the end of this year to bolster deterrence against North Korean threats and enhance regional security in light of rising Sino-US tensions. President Yoon Suk Yeol's National Security Adviser Shin Won-sik said in an interview with KBS Sunday that the three parties are "moderately building a consensus" for a standalone three-way summit "as soon as possible after" multilatera

Oct. 13, 2024

Yoon expresses S. Korea's appetite for Australia's Project Sea 3000

VIENTIANE, Laos -- President Yoon Suk Yeol on Friday expressed South Korean companies' appetite for Australia's frigate replacement project known as Project Sea 3000 to upgrade its maritime defense capability, during his talks with Australia's Prime Minister Anthony Albanese. At the bilateral meeting on the margins of the ASEAN Summit, Yoon "highlighted South Korean firms' willingness" to participate in Australia's program to acquire 11 general-purpose frigates

Oct. 11, 2024

Yoon unveils $23m humanitarian aid to Myanmar

VIENTIANE, Laos -- President Yoon Suk Yeol on Friday unveiled plans to provide $23 million to Myanmar in humanitarian aid this year, as he attended the East Asia Summit before ending his Southeast Asia trip. According to Yoon's office, the president said in the closed-door multilateral meeting that Myanmar could provide a proving ground for East Asia Summit members from across the Indo-Pacific region, saying their collaborative efforts and dialogue could contribute to tackling the humanitar

Oct. 11, 2024

Yoon, Ishiba discuss travel agreement

VIENTIANE, Laos -- President Yoon Suk Yeol and Japan's newly elected Prime Minister Shigeru Ishiba discussed a new bilateral travel agreement that would allow their citizens' free movement between the two countries through a streamlined immigration process, according to Yoon's office on Thursday Kim Tae-hyo, first deputy director of the presidential National Security Office, said in a briefing in Vientiane, Laos that Yoon and Ishiba pledged to accelerate discussions for the new tr

Oct. 10, 2024

Yoon mulling 1-on-1 meeting with Han after by-election

President Yoon Suk Yeol and ruling People Power Party Chair Han Dong-hoon might hold talks after the Oct. 16 by-election next week, according to the presidential office on Thursday. The Yoon administration and the ruling party "are communicating with each other over the matter," a source at the presidential office said on condition of anonymity. Also, the presidential office is reportedly open to a one-on-one meeting with Han, a format Yoon has long disapproved of. The meeting would oc

Oct. 10, 2024