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1. South Korea’s unification minister Kwon Young-se(권영세) on Thursday proposed talks with North Korea to discuss ways to resolve the issues of families separated by the Korean War.
2. South Korea and the US agreed to launch ministerial-level talks on ways to minimize the impact of the U.S. Inflation Reduction Act on South Korea's electric vehicle industry during a meeting between South Korea's trade minister Ahn Duk-guen and U.S. Trade Representative Katherine Tai in Washington on Wednesday.
3. The won-dollar exchange rate made a downward turn for the first time in 6 trading days on Thursday as the local currency ended its trading at 1381 won against the US dollar.
1. The Korean won depreciated against the U.S. dollar once again on Wednesday as it breached the 1,380 won-to-dollar mark for the first time in 13 years and 5 months. The local currency ended its trading at 1,385.5 won against the US dollar.
2. According to the Pentagon on Tuesday, Russia has reached out to North Korea and Iran in its desperate search for ammunition, which is ‘indicative of the situation that Russia finds itself in, in terms of its logistics and sustainment capabilities as it relates to Ukraine’.
3. According to the Central Disaster and Safety Countermeasures Headquarters on Wednesday, 11 people were reported dead and 1 others were missing after the super typhoon Hinnamnor swept S. Korea. President Yoon Suk-yeol ordered a prompt recovery from damage across the nation on Wednesday.
1. South Korea's trade minister, Ahn Duk-geun(안덕근) arrived in Washington D.C. on Monday to hold talks with the U.S. Trade Representative Katherine Tai to discuss the Biden administration's new Inflation Reduction Act.
2. The Seoul Defense Dialogue hosted by South Korea’s Defense Ministry kicked off in Seoul on Tuesday. The annual international security forum will be held for three days to discuss North Korea’s denuclearization, cyberthreats, space security, and more.
3. According to the Korea Meteorological Administration, Typhoon Hinnamnor moved out of South Korea early Tuesday morning at 7:10 AM, leaving 2 people dead and 10 others missing.
1. Jeju's Regional Office of Meteorology issued a typhoon advisory as of 8 AM on Monday. The Korea Meteorological Administration has forecast that the typhoon will hit Jeju island at 1 AM Tuesday morning.
2. The Korean won depreciated against the U.S. dollar once again on Monday morning as it breached the 1,370 won-to-dollar mark for the first time in more than 13 years since April 2009. The local currency ended its trading at 1,371.7 won against the US dollar. \
3. According to the state-run Korea Aerospace Research Institute at around 5 PM on Friday, Korea’s unmanned lunar orbiter, Danuri, has successfully undergone a trajectory correction maneuver, a procedure in readjusting its speed and trajectory to head back towards the moon.
1. South Korea's top security advisor, Kim Sung-han, said on Thursday, after he met with his US and Japan counterparts in Hawaii and said that the three countries will maximize cooperation in a way that will make North Korea realize that it’ll clearly be the "wrong decision" to conduct a 7th nuclear test.
2. UN nuclear experts, including Rafael Grossi, made their first inspection of the Zaporizhzhia power plant currently occupied by Russian forces on Thursday local time despite delays caused by shelling in the area.
3. According to the Korea Meteorological Administration on Friday, typhoon Hinnamnor is expected to hit S. Korea along the southern coastal areas in Jeju Island and South Gyeongsang-do Province on Tuesday morning.
1. The first regular session of South Korea's National Assembly under the Yoon Suk-yeol administration began today. This session is set to last for a hundred days through December 9th.
2. According to the latest trade data released on Thursday by the Ministry of Trade, Industry, and Energy, the balance of trade last month showed a deficit of over 9-point-4 billion U.S. dollars, a record figure since the relevant data was first compiled in 1956.
3. The South Korea-US joint exercise, Ulchi Freedom Shield, which kicked off on August 22nd ends today.
1. The International Center for Settlement of Investment Disputes ordered South Korea's government to pay Lone Star 216 million USD in compensation, but South Korea said on Wednesday it cannot accept the decision and will actively consider pursuing an appeal.
2. The US National Security Council spokesperson, Adrienne Watson, said on Tuesday that the national security advisers of South Korea, the U.S. and Japan will meet in Hawaii this week for a trilateral security meeting.
3. South Korean stocks closed on Wednesday at 2-thousand-4-hundred-72.05 points due to the US central bank’s hawkish monetary tightening. The local currency ended its trading at 1,337.6 won against the US dollar.
1. The Yoon administration on Tuesday proposed its first budget bill for next year,... of 639 trillion won or 474 billion USD. The government has gone through major spending reforms to secure an extra 24 billion dollars within the budget that's available for use.
2. According to the Ministry of Health and Welfare on Tuesday, enforcement decrees of the health insurance act affecting local subscribers are a part of the second phase of insurance reforms which are set to take effect on Thursday.
3. South Korea reported 115-thousand 6-hundred-38 new cases of COVID-19 on Tuesday. The number is up from the previous day, but shows a significant decrease compared to the same time last week indicating a downward trend.
1. South Korea's ruling People Power Party is returning to an acting chair system led by floor leader, Kweon Seong-dong before the nation's Chuseok holiday that starts next Friday. Meanwhile, the new chairperson of the main opposition Democratic Party is the former presidential candidate, Lee Jae-myung.
2. The Korean won dropped to its lowest level against the U.S. dollar today in 13 years and 4 months, breaching the 1 thousand 350 won mark against the backdrop of the US central bank’s monetary tightening. The local currency ended its trading at 1,350.4 won against the U.S. dollar.
3. North Korea’s propaganda outlets reported that South Korea and the United States have initiated the second part of the Ulchi Freedom Shield(UFS) exercise on Monday, saying that the UFS is aimed at marching into Pyongyang.
1. The South Korean government said on Thursday that the country’s largest electric power company, Korea Hydro and Nuclear Power, has won a 2.2 billion US dollar deal to supply equipment and construct the turbine hall at the El Dabaa nuclear plant which is being built by Russia.
2. The governor of South Korea's central bank, Rhee Chang Yong, will attend the Jackson Hole meeting set for Friday US time, to discuss the latest global economic conditions and monetary policy direction.
3. According to Korea’s Ministry of Foreign Affairs, Director General of Pacific Affairs Lee Sang-ryol sat down for director-level talks with his Japanese counterpart Takehiro Funakoshi on Friday in Tokyo to discuss compensation for Korean victims of Japan’s wartime forced labor.
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