affects

April 24 (Asia Today) — South Korea’s national security adviser Wi Sung-lac said Thursday that the Coupang regulatory dispute is affecting security consultations between South Korea and the United States, while stressing that Seoul is seeking to keep the corporate matter separate from alliance negotiations.

Wi made the remarks during a briefing at a local press center in Hanoi, where he accompanied President Lee Jae-myung on a state visit to Vietnam.

“The Coupang issue is a corporate issue,” Wi said. “But it is true that the Coupang issue is affecting security consultations between South Korea and the United States.”

His comments came after 54 Republican members of the U.S. House of Representatives sent a letter to South Korean Ambassador to the United States Kang Kyung-wha, urging Seoul to end what they called discriminatory regulatory actions against U.S. companies, including Coupang.

Wi said South Korea has been discussing the matter with Washington and has argued that linking the Coupang issue to security talks is not desirable.

“Our position is that the Coupang matter should proceed according to legal procedures, while security negotiations should move forward as security negotiations,” Wi said.

He said delays in security consultations are “also true” and added that such delays do not help the broader alliance.

“We believe they should not be delayed and should resume promptly,” Wi said.

Wi said the security negotiations have their own structure and balance, and Seoul believes they can proceed separately from the corporate dispute.

He also said Seoul has reviewed the letter from U.S. lawmakers and has contacted relevant members of Congress to explain the government’s position.

“We are making efforts to provide explanations and understanding,” Wi said. “There were letters before this as well, and we explained those matters too.”

South Korea’s foreign ministry said Thursday that investigations and measures involving Coupang are being conducted under domestic law and due process, without discrimination based on nationality.

Wi said Seoul will continue efforts to explain its position but acknowledged that U.S. lawmakers may express concerns about American companies.

“Whether that issue is connected to security consultations is another matter,” Wi said. “We are trying to respond to the two issues separately.”

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260424010007786

March 29 (UPI) — Egypt is ordering stores and malls to close early, asking people to work from home and dimming street lights as energy costs have skyrocketed since since January.

The North African country put energy saving efforts into effect because the U.S. and Israeli war in Iran has sent the cost of importing oil and natural gas — which is how Africa gets the vast majority of its energy supplies — through the roof, The BBC and Anadolu Agency reported.

Many nations globally have seen the cost of fuel and natural gas increase, and several African and Asian nations have enacted efforts similar to Egypt, because Iran has blocked the Strait of Hormuz to attempt to get the two nations to end the airstrikes aimed at regime change there.

Roughly 20% of the world’s oil and natural gas supply moves through the Strait and choking it off has had a significant effect on Egypt.

Egypt imports liquefied natural gas from the United States and Qatar, among others, and recently signed a deal with Israel for gas that will be delivered via a pipeline, the Financial Times reported.

Although Egypt, with Pakistan and Turkey, are involved with talks to end the war, Egyptian Prime Minister Mostafa Madbouly said that because “there is no clarity about the duration of this war,” the energy reduction measures, which go into effect .

“These measures aim to mitigate the effects of energy import costs due to high global oil prices,” Madbouly said during a press conference.

Since January, Madbouly said that natural gas imports tripped from $560 million per month in January to $1.65 billion per month in March and that its petroleum bill more than doubled in the same time period from $1.2 billion per month to $2.5 billion per month.

Among the “exceptional measures” that will go into effect include stores, restaurants, cinemas and gathering places closing by 9:00 p.m. five nights per week; most employees being told to work from one or two days per week; street lighting and street advertisement lighting will be dimmed by 50% and government vehicles will see be required to use 30% less gas.

Despite talks starting to end the war, the price of Brent crude oil on Friday surpassed $111 per barrel as Iran continued to block most ships from passing through the Strait of Hormuz.

Although Iran allowed a handful of oil tankers through the Strait last week, which U.S. President Donald Trump called a show of good faith, global markets have been hit hard, even beyond energy, as a result of limited traffic transiting the passage.,