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1. President Yoon Suk-yeol, during his first speech at the NATO summit on Wednesday, stressed that the international community’s will to denuclearize North Korea is stronger than the North’s determination to develop its nuclear and missile program.
2. The three leaders of South Korea, the U.S, and Japan reaffirmed strengthening its trilateral cooperation to counter North Korea’s threat on Wednesday. President Yoon said that he hopes the trilateral cooperation would serve as the pillar of securing world peace and stability.
3. The Minimum Wage Commission on Wednesday decided to raise the minimum wage for next year by 5%, and was set at 9,620 won per hour. This move was made within the deadline for the first time in about 8 years.
1. President Yoon Suk Yeol will hold a trilateral meeting with U.S president Joe Biden, and Japanese Prime Minister Fumio Kishida later today at 9:30 pm Korea Time. Yoon is also set to deliver his first speech to NATO member countries after the three-way meeting.
2. North Korea’s Rodong Sinmun on Tuesday wrote that the authorities issued heavy rain warnings in several regions up until July 1st. It added that time has come for the party to verify the combat power, calling for actions to minimize damage from the monsoon season.
3. South Korea approved on Wednesday the use of its first homegrown COVID-19 vaccine, SKYCovione, developed by SK Bioscience.
1. President Yoon Suk-yeol will hold a bilateral meeting with Australian prime minister Anthony Albanese today. Yoon will also hold talks with NATO secretary-general Jens Stoltenberg on the same day.
2. The Minimum Wage Commission gathered together on Tuesday to set the hourly minimum wage for 2023. South Korea’s current minimum wage per hour is at 9,160 won.
3. The Suwon District Prosecutors Office on Tuesday has decided to temporarily suspend former President Lee Myung-bak’s 17-year sentence for three months.
1. Korea Electric Power Corporation announced on Monday that it will raise the electric fee for the third quarter by 5 Korean Won per kWh, and it will apply the increased fee starting from July.
2. President Yoon Suk-yeol will make his debut in multilateral diplomacy at the NATO summit in Spain, which is slated to be held for two days from this Wednesday to Thursday.
3. South Korea will likely see its first 100% domestically produced COVID-19 vaccine. The Ministry of Food and Drug Safety said Monday that the final approval for the vaccine by SK Bioscience is now being reviewed.
1. The U.S National Defense Authorization Act for the fiscal year 2023 was approved by the House Armed Service Committee on Thursday. The Biden Administration specified that its military presence in South Korea should be maintained as a status quo of 28-thousand 5-hundred.
2. The European Union accepted Ukraine's candidacy for joining the membership on Thursday. The decision was made swiftly in about four months after the application.
3. The WHO’s International Health Regulation Emergency Committee met on Thursday to discuss whether to declare monkeypox, a global emergency. The WHO said that the decision will come as early as Friday local time.
1. The Korean currency exchange rate against the U.S dollar exceeded 1,300 Won on Thursday, for the first time in 13 years.
2. The U.S State Department revealed its Integrated Country Strategies on Wednesday. Its top priorities for South Korea is strengthening bilateral alliance in economy in an effort to counter China, and denuclearization on the Korean Peninsula.
3. A magnitude 6.1 earthquake rocked Afghanistan on Wednesday that took the lives of at least 1-thousand people, and injured at least 1-thousand and 5-hundred.
1. The Ministry of Science and ICT and KARI announced on Wednesday that South Korean space rocket Nuri has successfully achieved two-way communication with the ground station.
2. The KDCA confirmed on Wednesday that South Korea reported the first suspected monkeypox case in Incheon.
3. The Biden Administration, on Tuesday, announced its decision to prohibit its military use of antipersonnel land mines worldwide, except for on the Korean Peninsula.
1. The Ministry of Science and ICT announced on Tuesday that South Korean homegrown space rocket Nuri was successfully launched this afternoon as scheduled, and deployed a verification satellite at a targeted altitude of 700km.
2. President Yoon Suk Yeol placed an order to reform the public institutions on Tuesday, saying that strict evaluation of the management and performance must be conducted.
3. President Yoon Suk Yeol said Tuesday that the government is reviewing the return of the two North Korean sailors in 2019, adding that many people have raised questions about the former administration’s decision to send them back.
1. The South Korean government announced Sunday that it will expand the fuel tax cut by 37%, and minimize the increased rate of facilities fee, including gas and electricity, amid a severe inflation situation.
2. The Korea Aerospace Research Institute said Monday the preparation for the second attempt of the space rocket Nuri, which is scheduled to be launched tomorrow , is being made properly in Goheung.
3. NATO secretary-general Jens Stoltenberg on Sunday warned that the Ukraine war is likely to be prolonged for a few more years. Meanwhile, he also called for non-stop support for Ukraine to prevent Vladimir Putin from achieving his goal in Ukraine.
1. The Finance Ministry on Friday, showed concerns that the South Korean economy is at the risk of losing steam caused by a slump in investment and exports amid external uncertainties.
2. President Yoon Suk Yeol talked to U.N Secretary-General António Guterres over the phone on Friday, and called for a stern response against North Korea’s growing threats.
3. South Korean health authorities on Friday decided to extend the seven-day quarantine measures for four more weeks, expressing concerns of resurgence after lifting the rules. Meanwhile, domestic new COVID-19 cases stood at 7-thousand 1-hundred-98.
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