President Lee Jae Myung will meet Nobel economics laureate Peter Howitt later this week to listen to his opinions on the country's economic policies, a presidential spokesperson said Wednesday.
President Lee Jae Myung raised the need for a bilateral currency swap arrangement with the United States during his meeting with Treasury Secretary Scott Bessent at the Blue House on Wednesday.
President Lee Jae Myung, far left, attends a presentation about a ship welding robot at Samsung Heavy Industries' exhibition booth following a conference on the future vision of Korean shipbuilding held at a hotel in Ulsan on May 13.
National Security Adviser Wi Sung-lac said Wednesday that South Korea is considering U.S.-led initiatives to enable safe passage through the Strait of Hormuz and reviewing "various levels of military roles."
President Lee Jae Myung met separately with U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Seoul on Wednesday, underscoring Korea’s efforts to deepen cooperation with both powers.
President Lee Jae Myung blasted recent news reports claiming that Blue House policy chief Kim Yong-beom called for redistributing chipmaker profits to the public, calling them "fake news."
U.S. Treasury Secretary Scott Bessent arrived in Korea on Wednesday for talks with a Chinese official ahead of a high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing.
President Lee Jae Myung will meet U.S. Treasury Secretary Scott Bessent in Seoul this week, Lee's office said Tuesday, with the two expected to discuss U.S. tariffs among other issues.
President Lee Jae Myung on Tuesday pledged to address what he called predatory financial practices burdening low-income debtors, referring to cases of defaulters excluded from a government debt cancellation program.
President Lee Jae Myung's approval rating rebounded slightly to 59.7 percent due to a strong stock rally and economic achievements, a survey showed on Monday.
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