The US Chips Act, signed into law in August to reduce America’s reliance on foreign-made semiconductors by increasing domestic production, is a win-win to both the US and South Korea, US President Joe Biden said Wednesday. “It’s creating jobs in South Korea, not just SK but with Samsung and in other industries,” Biden said during a press conference following a summit with President Yoon Suk Yeol...

President Joseph R. Biden of the United States of America and President Yoon Suk Yeol of the Republic of Korea (ROK) met on this 26th day of April, 2023, to mark the 7oth anniversary of the US-ROK Alliance. The Alliance between our two nations has been forged in shared sacrifice, fortified by enduring security cooperation, and nourished by close kinship that has enabled both countries to leverage...

Sohn Kyung-shik, chairman of the Korea Enterprises Federation, met with the Heritage Foundation President Kevin Roberts on Tuesday in Washington, DC, on the sidelines of President Yoon Suk Yeol’s US visit this week. The two leaders discussed a range of topics, especially labor reforms, according to the KEF, one of the six business lobby groups in the delegation. "Labor reform is a must, not a c...

WASHINGTON -- American multinational tech company Corning said it would invest an additional $1.5 billion in South Korea over the next five years, according to the South Korean presidential office. The plan was announced by Corning CEO Wendell Weeks at the Korea-US business roundtable attended by President Yoon Suk Yeol, Yoon's senior economy secretary Choi Sang-mok said. Corning has invested o...

President Yoon Suk Yeol has said the South Korea-US alliance will not be shaken by allegations of eavesdropping contained in recently leaked Pentagon documents, according to an interview Tuesday. Yoon made the remark in an interview with NBC News on Monday as he is on a state visit to Washington. "This matter is no reason to shake the ironclad trust that supports the US-South Korea alliance, be...

WASHINGTON -- John Kirby, National Security Council coordinator for strategic communications, said Tuesday that South Korea and the United States would "coordinate" on their chip investments when asked of a Financial Times report that Washington requested Seoul not to fill any market gap created by a potential ban by Beijing on chips from US memory chipmaker. “What I can tell you is that the Bid...

US Special Representative for North Korea Sung Kim on Tuesday expressed his expectation that the leaders of the US and South Korea would exhibit their commitments to a stronger extended deterrence against Pyongyang's nuclear threats at an upcoming summit this week. President Yoon Suk Yeol and US President Joe Biden are scheduled to hold a summit at the White House on Wednesday (Washington time),...

North Korean leader Kim Jong-un’s only publicly seen child, Ju-ae, is stirring up ire among local people there for her extravagant clothing and well-fed appearance, according to Rep. Yoo Sang-bum, the executive secretary of the National Assembly intelligence committee. South Korea's National Intelligence Service believes that Kim’s daughter, officially referred to by the North Korean government ...

The parliamentary public administration committee on Tuesday passed a revision bill that aims to give priority to victims of home rental scams in recouping their security deposits before local taxes are collected when their rented homes are put up for auction. The revision is part of a set of legislative support measures for the victimized tenants of the country's unique rental system called "je...

WASHINGTON -- An additional document detailing extended deterrence measures will be unveiled following the summit between South Korean President Yoon Suk Yeol and US President Joe Biden on Wednesday, according to the South Korean presidential office. Yoon's senior press secretary, Kim Eun-hye, told reporters Monday evening in Washington that the upcoming document will specify a more advanced ver...

The plan unveiled during meeting with S. Korean president in Washington

President Yoon Suk Yeol reaffirmed his commitment to moving relations with Japan forward, saying in an interview published Monday that he cannot accept the notion Japan "must kneel because of our history 100 years ago." Yoon made the remark in an interview with The Washington Post, referring to Japan's 1910-45 colonial rule of Korea during which a series of atrocities were committed, such as mob...

〈For the week of April 10-14〉 Proposed bill: Partial Amendment to the Banking Act Proposed by Rep. Min Byoung-dug (Democratic Party of Korea) ● High interest rates have allowed banks to reap massive interest earnings while ordinary people and financial consumers have had to bear the brunt of the situation. However, banks have passed on the costs of various taxes, legal contributions, reserves ...

Assembly intelligence committee member accuses Moon adminstration of weakening state spy service

Opposition leader Lee Jae-myung suggested on Monday that President Yoon Suk Yeol should balance ties with the US and China, saying diplomacy is not always black-and-white, amid his party’s criticism of Yoon’s remarks as overly leaning on Washington and being “self-destructive.” In a Reuters interview last week, Yoon for the first time indicated support for arms aid to Ukraine if a human rights c...