Korea

First Series-Produced KF-21 Fighter Rolled Out In South Korea

South Korea today rolled out the first series-produced example of its homegrown KF-21 fighter. This major milestone in the program also underscores just how quickly it has progressed, with the rollout coming a little over five years since the first prototype of the fighter was unveiled. The development schedule is especially impressive when compared with other new-generation fighter programs, although Seoul has taken some notable shortcuts to meet this aggressive timeline.

An official Republic of Korea Air Force video commemorates the rollout of the first series-produced KF-21:

KF-21 양산 1호기 출고 | 불모의 땅에서 항공 강국으로




The first series-production KF-21 — also known as the Boramae, meaning hawk in Korean — is a two-seater, unveiled in a ceremony today at the Korea Aerospace Industries (KAI) headquarters in Sacheon, southeast of Seoul.

President Lee Jae Myung told guests that the fighter symbolized South Korea’s “aspirations for self-reliant defense,” and said he was committed to establishing the country as one of the world’s top four defense powers.

“South Korea has finally secured weapons to protect peace with its own technology, not only on land and sea but also in the air,” Lee added.

Rollout of the first series-production KF-21 at the Korea Aerospace Industries (KAI) headquarters in Sacheon, southeast of Seoul, today. Office of the President of South Korea

There is no doubt that South Korea is fast emerging as a major player when it comes to defense manufacturing, and, increasingly, this is reflected in high-profile exports, too.

As well as the KF-21, Lee also took time to mention the country’s K9 self-propelled howitzer and Cheongung surface-to-air missile system, both of which have secured lucrative foreign sales. In the military aircraft sector, KAI’s T-50/FA-50 advanced jet trainer/light combat aircraft has also proven a force to be reckoned with in terms of global sales.

President Lee Jae Myung speaks at the rollout of the first series-production KF-21 today. Office of the President of South Korea

Returning to the KF-21, the jet was developed to replace South Korea’s now-retired F-4E Phantom II and still-active F-5E/F Tiger II fighters.

The program was formally launched in 2016, followed by the roll-out of the first prototype in April 2021, and the first flight of a prototype in July 2022. In May 2023, the KF-21 was provisionally judged “fit for combat.”

A pilot disembarks the first prototype KF-21 at the rollout ceremony in Sacheon in April 2021. MBC News Screencap

A total of six prototypes have been built and flown, two of these being completed in the two-seat version of the jet.

Previously announced plans call for the Republic of Korea Air Force (ROKAF) to receive 40 KF-21s by 2028 and have a full fleet of 120 aircraft deployed by 2032.

As to how South Korea got to this stage so fast, it has adopted a notably different approach from other next-generation fighter programs.

The KF-21 has never been billed as a fifth-generation fighter with all of the advanced features and capabilities that this entails. Instead, Seoul refers to it as a “4.5-generation fighter jet,” using nomenclature that’s more commonly used to define the new or significantly modernized fighters that appeared from the 1990s onward.

Unlike a ‘true’ fifth-generation fighter, the airframe design of the KF-21 is not primarily driven by stealth, and its level of sensor fusion is at a notably less advanced level than found in the F-35, for example.

For the ROKAF, a more austere fighter is less of an issue, since it is already receiving the U.S.-supplied F-35A.

A Republic of Korea Air Force F-35A fighter. U.S. Air Force

At the same time, the KF-21 will bring a host of advanced features that wouldn’t be out of place on a more ambitious design.

These include an active electronically scanned array (AESA) radar and infrared search and track (IRST). Its armament will also include beyond-visual-range MBDA Meteor air-to-air missiles with ramjet propulsion and, reportedly, locally produced long-range cruise missiles, too.

Concept artwork of a KF-21 armed with four semi-recessed Meteor air-to-air missiles, IRIS-T self-defense missiles, and a pair of JDAMs. MBDA

There is also scope for further improvements, which would bring the KF-21 up to a standard much closer to a fifth-generation jet.

In its initial form, the KF-21 carries its weapons externally or semi-conformally, although the future Block 3 version of the jet is planned to feature internal weapons bays.

Other advanced versions of the jet are also being considered, including an escort jamming platform, a concept for which was revealed at the rollout ceremony today.

🇰🇷KF-21EJ (Escort Jammer) / KF-21EX (true 5th-generation variant with internal weapons bay) Concept.These concepts were introduced in the rollout ceremony video of the first mass-produced KF-21, showcasing potential future evolutions of the platform—ranging from dedicated… https://t.co/j7BvtoZQ39 pic.twitter.com/PRaAJHZWbW

— 笑脸男人 (@lfx160219) March 25, 2026

South Korea is also embracing the concept of crewed/uncrewed teaming to further enhance the capabilities of the KF-21.

Seoul expects to have its KF-21s working closely with homegrown stealth drones, as a means of boosting the potential of the crewed fighter as well as maximizing “combat mass.” In this regard, the existence of a two-seat version should have particular benefits, with the rear cockpit accommodating a dedicated drone controller. You can read more about the concept here.

An official video shows a heavily armed KF-21 (complete with an external targeting pod) flying a mission with three stealthy drones. DAPA screencap

In terms of raw performance, the KF-21 is no slouch, either, with claims of better kinematic performance than an F-16C.

By avoiding some of the aspects of fighter development that traditionally consume exorbitant time and funds, KAI has managed to leapfrog many other potential rivals. At the same time, a gap of five years between the rollout of the prototype and the first series-produced example compares to roughly 11 years between the first flight of the prototype X-35 Joint Strike Fighter and the first flight of the first full-production airframe, F-35A AF-6.

On this day in 2011, AF-6 took off. 🚀 #DYK: AF-6, the first production F-35, completed its first flight on Feb. 25, 2011.

Today, this fifth-generation fighter continues to evolve, ensuring allied forces stay ahead of any threat. pic.twitter.com/3Dj2mz1ss7

— F-35 Lightning II (@thef35) February 26, 2025

For Russia, too, there was a full 10 years between the first flight of the prototype T-50 in 2010 and the first flight of the first full-production Su-57 Felon airframe in 2020.

That’s not to say that the KF-21 hasn’t faced any problems. In particular, there has been a tricky relationship with Indonesia, which joined the program as a junior partner before becoming locked in disputes over costs and workshares.

According to the latest reports, Seoul plans to sign a deal to export 16 KF-21s to Indonesia. Today, President Lee also said that South Korea would seek other partner nations to further strengthen the competitiveness of its defense industry, perhaps also including the KF-21.

A KF-21 fighter jet conducts a test flight during the Seoul International Aerospace and Defense Exhibition (ADEX 2025) at Seoul Air Base in Seongnam, Gyeonggi Province, South Korea, on October 17, 2025. The eight-day event runs through October 24 at both Seoul Air Base and KINTEX in Ilsan and features more than 600 companies from 35 countries showcasing cutting-edge aerospace and defense technologies. (Photo by Chris Jung/NurPhoto via Getty Images)
A KF-21 prototype conducts a test flight during the Seoul International Aerospace and Defense Exhibition (ADEX 2025) at Seoul Air Base in Seongnam, Gyeonggi Province, South Korea, on October 17, 2025. Photo by Chris Jung/NurPhoto Chris Jung

Increasingly, South Korea is developing a wide range of locally made air-launched weapons, avoiding reliance on arms imports and, at the same time, allowing Seoul to offer these for export itself without facing potential restrictions like the U.S. government’s International Traffic in Arms Regulations (ITAR).

With South Korea’s growing pedigree as a supplier of higher-end arms, the KF-21 could well become a very attractive export prospect. In the meantime, however, the rollout of the series-produced jet brings the first delivery to the ROKAF a step closer and, with it, underscores the continued modernization of the air arm.

Contact the author: thomas@thewarzone.com

Thomas is a defense writer and editor with over 20 years of experience covering military aerospace topics and conflicts. He’s written a number of books, edited many more, and has contributed to many of the world’s leading aviation publications. Before joining The War Zone in 2020, he was the editor of AirForces Monthly.




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South Korea urges ‘peaceful coexistence’ over unification focus

Unification Minister Chung Dong-young, South Korea’s point man on inter-Korean relations, attends a ceremony to mark his inauguration at the government complex in Seoul, South Korea, 25 July 2025. File. Photo by YONHAP / EPA

March 25 (Asia Today) — South Korea’s unification minister called for a shift in policy toward “peaceful coexistence” with North Korea, emphasizing that the approach does not mean abandoning unification but rather institutionalizing peace on the Korean Peninsula.

Unification Minister Chung Dong-young made the remarks Wednesday during an academic conference co-hosted by the ministry and a state-run research institute, where officials and experts discussed ways to end hostilities and establish a lasting peace framework.

Chung said Seoul should redesign its Korean Peninsula policy with peaceful coexistence at the center, arguing that formalizing stable relations between the two Koreas could open the door to broader dialogue.

“This is not about giving up unification, but about institutionalizing peace,” Chung said. “If peaceful coexistence is established politically, economically and legally, any issue between the two sides can be addressed.”

He added that discussions among relevant countries on building a peace regime, alongside a basic inter-Korean agreement, would be key to resolving long-standing tensions.

Chung also described North Korea’s recent push for a “two hostile states” framework as a structural shift that should be turned into an opportunity to move beyond confrontation.

“We must end the hostility and conflict that have devastated inter-Korean relations and create a relationship where there is no need to fight,” he said.

The minister avoided directly using the term “North Korea” during his remarks, instead referring to “the North” and its formal state name, a choice some analysts interpret as reflecting a more conciliatory tone.

Chung reiterated that the Korean Peninsula remains technically at war and said the starting point for peace is formally ending the conflict. He stressed that improving relations between Pyongyang and Washington would be essential and urged North Korea not to miss opportunities for dialogue with the United States.

He also said the South Korean government would act as a “pacesetter” to help sustain momentum for U.S.-North Korea talks while fulfilling its role as a key stakeholder in peninsula affairs.

At the same event, former intelligence chief Seo Hoon underscored the continued relevance of a “top-down” approach centered on leader-level diplomacy.

“The more uncertain and difficult the conditions, the more powerful summit diplomacy becomes,” Seo said, calling for a potential fourth meeting between U.S. and North Korean leaders.

Seo noted that past summit diplomacy led to repeated exchanges between former U.S. President Donald Trump and North Korean leader Kim Jong Un, arguing that even limited agreements or renewed dialogue could be meaningful steps forward.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260325010007733

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S. Korea weighs co-sponsorship of U.N. North Korea rights resolution

Photo shows Foreign Ministry spokesperson Park Il speaking at a briefing in Seoul on March 12. Photo by Asia Today

March 24 (Asia Today) — South Korea is taking a cautious approach to whether it will join as a co-sponsor of an upcoming United Nations resolution on North Korean human rights, officials said Tuesday, citing a need to balance diplomacy with Pyongyang and international cooperation.

The resolution is expected to be adopted at the current session of the U.N. Human Rights Council later this week.

Foreign Ministry spokesperson Park Il said the government’s position remains that improving human rights in North Korea is important and that Seoul will continue to work with the international community. However, he said the decision on co-sponsorship is still under review.

“The issue is being considered comprehensively, taking into account the government’s efforts toward peaceful coexistence on the Korean Peninsula and the content of the resolution,” Park said at a regular briefing.

He added that the government’s cautious stance does not signal opposition, but reflects the complexity of factors involved, and that a decision will be made through consultations among relevant agencies.

A ministry official said there is a procedural window allowing countries to join as co-sponsors within two weeks after the resolution is adopted, giving Seoul time to assess its position.

The deliberations come amid strained inter-Korean relations and President Lee Jae-myung’s call to pursue even limited openings for dialogue with North Korea.

South Korea previously joined as a co-sponsor of a similar resolution at the U.N. General Assembly last November, easing concerns that the current administration might withdraw from such efforts.

Separately, the Unification Ministry has signaled a willingness to ease tensions. Unification Minister Chung Dong-young recently made conciliatory remarks, including urging North Korea not to miss opportunities for dialogue with the United States.

Civil society groups have urged the government to take a more active role. The International Federation for Human Rights and the Transitional Justice Working Group said in a joint letter to Lee that declining to co-sponsor the resolution would send a troubling signal domestically and internationally.

They warned that overlooking human rights concerns may create only a temporary easing of tensions, while leaving underlying instability unresolved and making lasting peace more difficult to achieve.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260324010007372

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South Korea defense agency vows overhaul to become top exporter

South Korea’s Defense Minister Lee Jong-sup (2-L) attends a ceremony to unveil the signboard of the Defense Acquisition Program Administration (DAPA) at the agency’s new home in Daejeon, some 164km south of Seoul, South Korea. File Photo by YONHAP / EPA

March 20 (Asia Today) — South Korea’s arms procurement agency has pledged a sweeping overhaul of its systems and export strategy as it pushes toward the government’s goal of becoming one of the world’s top four defense exporters. The Defense Acquisition Program Administration, or DAPA, is South Korea’s defense procurement agency, and it is now led by Administrator Lee Yong-cheol.

Speaking at a briefing with defense reporters in Seoul on Wednesday, Lee said the agency would press ahead with faster decision-making, stronger export execution and greater technological self-reliance. He said the current moment amounted to a last chance to reform an organization long criticized for inefficiency and delay.

Lee said DAPA’s export drive must go beyond ceremonial overseas trips and focus instead on securing contracts and building practical business outcomes. But he also acknowledged that export growth alone is not enough if the underlying system remains slow and structurally weak.

One of the clearest examples, he said, was the long-delayed KDDX next-generation destroyer program. The project drifted for more than two years as authorities failed to make a policy choice between direct contracting and open bidding, exposing what Lee described as a deeper decision-making problem rather than a regulatory one.

Lee said South Korea also remains behind in drone warfare capabilities. While drones have become central to modern combat, the country’s military systems are still focused largely on reconnaissance, with limited strike and interception capacity and continued dependence on imported core components. He said DAPA plans to rely more heavily on rapid acquisition and early deployment of prototypes to speed fielding.

Defense semiconductors remain another major vulnerability. South Korea depends heavily on foreign technology for key components used in radars, guided weapons and communications systems, a weakness Lee described as an urgent national task. He said the answer lies in building stronger links between the civilian semiconductor sector and military demand while sustaining long-term investment.

Lee also pointed to Canada’s submarine procurement program as a major test of South Korea’s export competitiveness. He said the outlook was not unfavorable but remained uncertain, describing the bid as a national effort involving diplomacy, industry and military capabilities. Yonhap reported Friday that Lee sees the contest as essentially even, with South Korea competing against Germany for a contract covering 12 submarines.

DAPA said it will also seek structural reforms to prevent repeated delays, including penalties for intentional slowdowns and changes to procurement procedures that can trap projects in repeated failed bidding cycles. Lee has instructed staff to move from planning-based administration to execution-based management, with clear deadlines and accountability.

The agency’s challenge now is whether it can turn reform rhetoric into durable institutional change. For South Korea to become a top-tier defense exporter, industry officials say, speed, structure, technology and political resolve will all need to advance together.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260320010006140

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South Korea audits oil agency over 900,000-barrel overseas sale

An official at the Korea National Oil Corp. (KNOC) briefs reporters at the KNOC main office in Anyang, south of Seoul, South Korea. Photo by YONHAP / EPA

March 20 (Asia Today) — South Korea’s Industry Ministry has launched an audit of the Korea National Oil Corp. after about 900,000 barrels of crude stored under the country’s international joint stockpiling program were sold overseas without the state oil company exercising its priority purchase right, according to Asia Today and the ministry.

The oil had been owned by a foreign company and stored at a reserve facility in Ulsan under a program that allows overseas suppliers, including oil-producing countries and foreign firms, to use South Korea’s spare storage capacity. In an emergency, South Korea is supposed to have the first option to buy that oil.

The ministry said the Korea National Oil Corp. did not immediately exercise that right before the crude was sold abroad. It added that the audit would determine whether the company violated internal rules or procedures.

The international joint stockpiling program began in 1999 as part of efforts to stabilize domestic oil supply and demand.

The ministry said any confirmed violations would result in strict disciplinary action.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260320010006239

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Labor union rallies behind Korea Zinc before key shareholder battle

A smelter of Korea Zinc. The company is scheduled to hold a high-stakes shareholders’ meeting Tuesday. Photo by Korea Zinc

SEOUL, March 20 (UPI) — Korea Zinc’s incumbent management and its major shareholder, Young Poong, are locked in a fierce showdown ahead of a regular shareholders’ meeting Tuesday.

The world’s largest non-ferrous metal producer said Friday that it posted record sales and profits last year, which led to high dividends and other shareholder-friendly policies.

Citing the strong performance, Korea Zinc has called for the leadership continuity, as the 2026 shareholders’ meeting would select at least five board members out of 15 seats. The term of Chairman Yun B. Choi is also set to expire.

“We believe that our continued efforts to improve corporate governance and expand shareholder returns have laid the foundation to steadily grow our business and operate our organization in a stable manner,” the firm said in a statement.

But, Young Poong argued that proxy advisers and the National Pension Service, another key Korea Zinc shareholder, have effectively supported its position by opposing the reappointment of Choi as an inside director.

According to Young Poong, such decisions suggest that “this is no longer merely a management control dispute, but judgment over potential structural flaws in corporate governance and failures of oversight.”

Since early 2025, Korea Zinc has been fighting to repel an aggressive takeover bid from Young Poong, which has teamed up with the country’s leading private equity firm, MBK Partners.

The battle came to a head at the March 2025 shareholders’ meeting, and another high-stakes clash is looming at this month’s gathering.

Each side reportedly controls roughly 40% of the voting shares, while NPS holds a 5.2% stake.

Meanwhile, the labor union at Korea Zinc expressed strong support for the current board, urging the NPS to immediately reverse its decision.

“We will fight to the end to prevent the dark hand of speculative capital from tainting our sacred workplace at this shareholders’ meeting,” the union said in a statement.

“If our warning is ignored and the company is undermined, we will mobilize all possible means, including a general strike, to wage an all-out struggle,” it said.

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New Korea Hydro & Nuclear Power CEO vows to expand global footprint

Korea Hydro & Nuclear Power CEO Kim Hoe-chun speaks during his inauguration ceremony
at the state-run company’s head office in Gyeongju on Wednesday. Photo courtesy of Korea Hydro & Nuclear Power

March 18 (UPI) — Korea Hydro & Nuclear Power said Wednesday that new CEO Kim Hoe-chun has officially taken office to lead the state-run company over the next three years.

The chief executive said that he would establish a dual-track strategy of focusing on large-scale nuclear reactors and small modular reactors, or SMRs, at the same time to gain a stronger foothold in the global market.

SMRs refer to next-generation nuclear power plants, which are smaller but considered safer than traditional massive reactors. Korea Hydro & Nuclear Power, or KHNP, has worked on its own models, known as “innovative SMRs.”

“We will successfully carry out already secured overseas projects while pursuing tailored bidding strategies to enter new markets,” Kim said during an inauguration ceremony at the firm’s head office in Gyeongju, around 180 miles southeast of Seoul.

“We will develop the KHNP-style integrated management model as an export product and take a leading position in the international nuclear power market through innovative SMR technologies,” he said.

In June 2025, KHNP signed a contract to build two nuclear reactors in the Dukovany region of the Czech Republic. The agreement is estimated to be worth about $18 billion.

The company also has been competing with global players to win nuclear contracts in other countries.

Before taking the helm at KHNP, Kim spent decades at Korea Electric Power Corp., where he held a series of key positions after joining it in 1985. Between 2021 and 2024, he served as CEO of Korea South-East Power, an affiliate of KEPCO.

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South Korea launches ‘K-NVIDIA’ push with $38B investment

1 of 2 | Deputy Prime Minister Bae Kyung-hoon, sixth from left, and Financial Services Commission Chairman Lee Eun-won pose for a group photo at a public-private meeting on the “K-NVIDIA Project” at the Seoul Press Center on Tuesday. Photo by Asia Today

March 17 (Asia Today) — South Korea’s government has launched a major initiative to foster domestic artificial intelligence semiconductor companies, committing tens of billions of dollars as part of a broader national investment plan.

The Ministry of Science and ICT and the Financial Services Commission held a public-private meeting in Seoul on Tuesday to introduce the so-called “K-NVIDIA Project,” a strategy aimed at building globally competitive AI chipmakers.

Under the plan, the government will allocate 30 trillion won (about $22.5 billion) to artificial intelligence and about 21 trillion won (about $15.8 billion) to semiconductors from a 150 trillion won ($112.5 billion) National Growth Fund to be created over five years.

Officials said the initiative is designed to nurture homegrown AI chip firms capable of competing with global industry leaders, strengthening South Korea’s position in next-generation technologies.

Participants at the meeting included Deputy Prime Minister and Science and ICT Minister Bae Kyung-hoon, Financial Services Commission Chairman Lee Eun-won and Korea Development Bank Chairman Park Sang-jin, along with executives from local AI semiconductor firms.

Industry representatives from companies such as FuriosaAI, DeepX, Mobilint, HyperExcel and Rebellion also attended the session.

The meeting brought together government officials and private-sector leaders to discuss investment strategies, technological development and policy support for the emerging AI semiconductor ecosystem.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260317010005198

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S. Korea ranks No. 1 in export of memory chips, SSDs, face masks, 78 other items: report

South Korea had 81 products that led global exports in 2024, including memory chips and face masks, a report showed Tuesday.
In this photo, containers are stacked at a port in Pyeongtaek on March 12. Photo by Yonhap

South Korea had 81 products that led global exports in 2024, including memory chips, solid state drives (SSDs) and face masks, a report showed Tuesday.

The report published by the Korea International Trade Association (KITA) showed that the value of 81 Korea-produced items accounted for the largest share of global export value in their respective categories.

China was at the top with 2,087 items with the largest export market share, followed by Germany at 520 items, the United States at 505, Italy at 199 and India at 156.

South Korea had 19 items ranked between second to 10th in terms of export market share, KITA said, noting the country is likely to increase its number of globally leading products in the future.

The country’s top selling items included memory chips, electrical transformers, SSDs, lead-acid starter batteries for automobiles, rubber for automotive components and sheet masks.

Notably, Korea reclaimed the top spot for memory chips from China for the first time in five years in 2024, thanks to strong demand for high bandwidth memory (HBM) and other advanced products made by Korean companies, KITA said.

In the tanker segment, Korea lost the top spot to China on the latter’s strategy of securing large volumes of low-value vessels but is expected to retake the position in 2025 on the back of the recent boom in Seoul’s liquefied natural gas (LNG) ship orders, it added.

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Editorial: Oil, currency surge raises stagflation fears in South Korea

Fuel prices are displayed at a gas station in Seoul, South Korea, 15 March 2026. South Korea implemented a temporary cap system on 13 March to ease soaring fuel prices and reduce the burden on consumers, setting maximum prices for products oil refineries supply to gas stations and distributors. Photo by YONHAP / EPA

March 16 (Asia Today) — This commentary is the Asia Today Editor’s Op-Ed.

International oil prices and South Korea’s currency are rising sharply again as the Middle East conflict intensifies, raising growing concerns that the country could slide into stagflation.

On March 13, global crude prices climbed back above $100 per barrel, while the Korean won weakened beyond 1,500 per U.S. dollar in overnight trading. The simultaneous surge in energy prices and the exchange rate has heightened fears that South Korea could face a worst-case scenario in which economic growth slows while inflation accelerates.

Such developments threaten to derail the government’s economic targets for the year – about 2% growth and inflation in the 2% range – making emergency policy responses increasingly urgent.

Brent crude futures for May delivery closed at $103.14 per barrel, up 2.7% from the previous day. It was the first time Brent crude exceeded $100 since August 2022.

U.S. West Texas Intermediate (WTI) crude futures settled at $98.71 per barrel, approaching the $100 threshold. Meanwhile, Dubai crude, the benchmark most relevant to South Korea’s imports, surged to $123.50 per barrel, up $34.60 from the previous week.

As oil prices surged, investors turned toward the U.S. dollar as a safe-haven asset. The won-dollar exchange rate closed at 1,497.5 won per dollar in overnight trading, up 16.3 won from the regular daytime session. During trading, the rate briefly rose to 1,500.9 won, crossing the psychologically important 1,500 level for the first time in seven trading days.

The twin surge in oil prices and the exchange rate has been driven largely by escalating tensions in the Middle East.

Iran has openly threatened to block the Strait of Hormuz, a critical chokepoint through which about 20% of the world’s crude oil supply passes. Iran’s new supreme leader, Mojtaba Khamenei, declared a prolonged confrontation in his first official statement on March 12, saying Tehran should continue using the possibility of a Hormuz blockade as leverage against the United States and Israel.

Oil prices, which had briefly stabilized after U.S. President Donald Trump suggested the conflict might end soon, surged again following the statement.

Tensions escalated further after the United States launched airstrikes on Kharg Island, Iran’s largest oil export hub, on March 13. Iran retaliated by attacking the Fujairah port in the United Arab Emirates, a key oil-export route that bypasses the Strait of Hormuz, putting global energy supply chains on alert.

Trump has also urged five countries – including South Korea, China and Japan – to dispatch naval vessels to the Strait of Hormuz, pushing regional military tensions to a new peak.

Economic analysts warn the shock could have serious consequences for South Korea’s economy.

The Korea Development Institute (KDI) warned last week that rising oil prices linked to the Middle East conflict would increase inflationary pressure while weakening economic growth.

The Hyundai Research Institute estimated that if oil prices climb to $150 per barrel, South Korea’s economic growth rate could fall by 0.8 percentage points.

The government is considering a supplementary budget of 10 trillion to 20 trillion won ($7.5 billion to $15 billion) and temporary fuel tax cuts. However, these measures would only offer short-term relief.

A more fundamental solution lies in reducing South Korea’s heavy reliance on Middle Eastern crude oil, which accounted for 69% of total imports last year. Diversifying energy sources by expanding imports from countries such as Brazil and Norway should be pursued urgently.

The government must mobilize every available policy tool – including measures to stimulate domestic demand – to prevent what could become the fourth Middle East-driven oil shock from pushing the economy into stagflation.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260315010004332

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North Korea launches rockets amid U.S. asset redeployment

North Korean leader Kim Jong Un (R) and his daughter Kim Ju Ae watching a live feed of a strategic cruise missile test-fire from the naval Destroyer Choe Hyon at an undisclosed location in North Korea, 10 March 2026 (issued 11 March 2026). According to KCNA, the test aimed to verify the reliability of the national strategic control system, the destroyer’s detection and weaponry, and the overall combat effectiveness of its integrated systems. KCNA / EPA

March 15 (Asia Today) — North Korea conducted a large-scale rocket artillery test shortly after key U.S. air defense assets stationed in South Korea were redeployed to the Middle East, a move analysts say may have been intended to test potential security gaps on the Korean Peninsula.

North Korea fired more than 10 ballistic missiles and conducted a saturation strike drill using 600-millimeter multiple rocket launchers, according to state media.

The Korean Central News Agency said the exercise took place Friday under the supervision of leader Kim Jong Un, who was accompanied by his daughter Ju Ae.

The rockets struck targets on islands in the East Sea roughly 364 kilometers away with what the report described as “100% accuracy.”

The launch involved the simultaneous firing of 12 rockets from the super-large multiple rocket launcher system, one of Pyongyang’s most powerful short-range strike platforms.

Kim said the weapons were capable of striking hostile forces within a 420-kilometer range and emphasized their potential to deliver the destructive power of tactical nuclear weapons.

Military analysts said the drill also showcased improvements to the launcher system.

A new five-tube wheeled launcher appeared designed to reduce vibration during firing, while the time required to raise the launcher to firing position was reportedly shortened to less than one minute.

The changes would allow faster deployment and rapid relocation after firing, a tactic commonly known as “shoot and scoot.”

The approach is intended to help launch units evade detection and counterstrikes by South Korean and U.S. forces.

Experts say the tactic could complicate efforts by the allied kill chain system designed to detect launches and rapidly strike missile sites.

The missile launches came after reports that key U.S. missile defense systems previously deployed in South Korea – including the Terminal High Altitude Area Defense system and Patriot batteries – were partially redeployed to support U.S. operations in the Middle East amid the conflict with Iran.

Analysts say the timing suggests North Korea may be attempting to test the readiness of South Korean and U.S. forces during a period when U.S. assets are being shifted to other theaters.

Yang Moo-jin, a professor at the University of North Korean Studies in Seoul, said the exercise appeared designed to assess South Korea’s military preparedness while amplifying concerns about regional security.

The missile launches also occurred ahead of U.S. President Donald Trump’s scheduled visit to China later this month.

Some analysts say Pyongyang may be signaling its preference for direct negotiations with Washington rather than talks mediated by Seoul.

North Korea has increasingly framed relations with South Korea in terms of “two hostile states,” a position that reflects its strategy of engaging the United States while sidelining the South Korean government.

Lim Eul-chul of Kyungnam University’s Institute for Far Eastern Studies said North Korea may view the shifting deployment of U.S. forces as evidence of a more transactional alliance structure under the Trump administration.

“If Pyongyang believes U.S. forces can be redeployed elsewhere depending on strategic priorities, it may attempt to exploit that perception by conducting more aggressive military tests,” Lim said.

— Reported by Asia Today; translated by UPI

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South Korea PM, U.S. vice president discuss investment, trade

South Korea Prime Minister Kim Min-seok (L) with US Vice President JD Vance ahead of their talks at the White House in Washington DC, USA, 12 March 2026. Courtesy of the Embassy of the Republic of Korea in the United States

March 13 (Asia Today) — South Korean Prime Minister Kim Min-seok met U.S. Vice President J.D. Vance at the White House in Washington on Wednesday to discuss bilateral investment, trade issues and developments on the Korean Peninsula.

The meeting came about 50 days after the two leaders first met during Kim’s visit to Washington in January.

Kim highlighted the passage of a special law supporting South Korean investment in the United States, which cleared the National Assembly earlier this week.

He said the legislation demonstrates Seoul’s commitment to implementing bilateral investment agreements and could contribute to revitalizing U.S. manufacturing and job creation.

Kim added that the measure could also accelerate implementation of agreements outlined in a joint fact sheet between the two countries, including cooperation in areas such as nuclear-powered submarines, nuclear energy and shipbuilding.

Vance welcomed the legislation, saying it provides a legal foundation for implementing investment agreements between the two countries, according to South Korea’s Prime Minister’s Office.

The two sides also discussed cooperation in critical minerals and issues related to non-tariff trade barriers.

Kim explained Seoul’s recent decision to allow U.S. companies to export mapping data from South Korea, describing it as a forward-looking step aimed at strengthening cooperation.

Vance praised the move and said the two countries should continue consultations on non-tariff trade barriers.

Kim also said issues previously raised by Vance during their January meeting – including concerns related to the e-commerce company Coupang and certain religious matters – are now being handled in a stable manner.

Vance said the United States respects South Korea’s domestic legal framework and thanked Seoul for continuing to communicate with Washington on issues of interest to the United States.

The leaders also exchanged views on the Korean Peninsula and reaffirmed that the door remains open for dialogue with North Korea.

They agreed to maintain close coordination on developments related to the peninsula.

South Korea’s Prime Minister’s Office said the meeting helped deepen personal trust between Kim and Vance and is expected to strengthen communication on key bilateral issues.

The office’s statement did not mention whether the two discussed the Section 301 trade investigation launched this week by the Office of the United States Trade Representative targeting several major trading partners, including South Korea.

However, the issue of non-tariff barriers raised during the meeting could be related to that investigation.

— Reported by Asia Today; translated by UPI

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N. Korea launches series of missiles in show of force

North Korea on Saturday staged another of its show-of-force ballistic missile launches — pictured is one launch during a test in December — that sent 10 missiles off its west coast, which traveled more than 200 miles and landed just outside the Japanese exclusive economic zone in the Sea of Japan. Photo by KCNA/EPA

March 14 (UPI) — North Korea launched 10 ballistic missiles into the sea on Saturday — which landed just outside Japan’s economic zone in the East Sea — in a show of force amid a U.S.-South Korea military exercise.

The launch, confirmed by the Japanese and South Korean defense ministries, is one of the largest North Korea shows of force that it has ever launched, The Japan Times and The Independent reported.

The missiles were launched from the west coast of North Korea, flying roughly 211 miles before falling just outside the Sea of Japan.

The Japanese Ministry of Defense in a statement called the launch a continued effort to “threaten the peace and security of Japan, the region and the international community.”

Shinjiro Koizumi, the Japanese defense minister, added that the ministry would remain in close contact with the United States and other allies “to remain fully vigilant and maintain surveillance in preparation for any unforeseen contingencies.”

The launch is the largest since at least November 2022, when Kim Jong Un’s regime launched a volley of 23 missiles that included short-range ballistic missiles and surface-to-air missiles, among others.

Analysts have said that it is unlikely that North Korea would attack U.S. or other nation’s assets in the region while the United States has diverted missile defense systems, among other things, to the Middle East amid the war in Iran.

They say, rather, that the show of force is meant to show that it can defend itself if it is invaded.

North Korea’s launch also comes as the United States and South Korea are about halfway through the annual 11-day Freedom Shield combined joint exercise that includes land, air and sea training events to allow the two nation’s armed forces to integrate seamlessly in combat.

One warship that was involved with the exercise, the USS Tripoli, an amphibious assault ship carrying 2,500 Marines and 2,500 sailors, has been redeployed to the Middle East to bolster U.S. military power there amid the war in Iran.

President Donald Trump speaks during an event celebrating Women’s History Month in the East Room of the White House on Thursday. Photo by Bonnie Cash/UPI | License Photo

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South Korea president urges public to report fuel price gouging

A screenshot from South Korean President Lee Jae-myung’s social media post showing gasoline prices at gas stations in the Siheung area. Graphic by Asia Today

March 13 (Asia Today) — South Korean President Lee Jae-myung on Thursday urged citizens to report gas stations that violate the government’s newly introduced fuel price cap, saying public monitoring is necessary to prevent price gouging.

Lee posted a message on the social media platform X on the first day of the petroleum price cap system, asking citizens to report any gas stations charging excessive prices.

“Fuel prices are stabilizing, right? If you see price gouging, please report it,” Lee wrote.

The president also shared a map showing gasoline prices at gas stations in the Siheung area of Gyeonggi Province. The prices ranged from the 1,700 won to 1,900 won range per liter.

The government began enforcing the price cap at midnight Thursday.

Under the measure, refiners’ supply price for regular gasoline is capped at 1,724 won per liter, or about $1.29. The cap for automotive diesel is 1,713 won, about $1.28, and for kerosene 1,320 won, about $0.99.

Lee’s public posting of gas station prices was widely interpreted as a signal that the presidential office is closely monitoring fuel prices.

About 90 minutes before sharing the map, Lee posted another message warning companies against violating the policy.

“Starting today we are fully implementing the petroleum price cap system,” he wrote.

“To stabilize domestic fuel prices amid volatile international conditions, we have set clear upper limits on supply prices.”

Lee also called for citizen participation in monitoring the market.

“If you discover any gas station violating the price cap, please report it immediately,” he wrote. “Public vigilance is necessary to prevent businesses from taking advantage of the situation to earn excessive profits.”

— Reported by Asia Today; translated by UPI

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South Korea caps gasoline prices at 1,724 won per liter

A signboard at a gas station in Seoul shows gasoline and diesel prices in Seoul, South Korea, File. Photo by YONHAP / EPA

March 12 (Asia Today) — South Korea will impose a temporary price cap on petroleum products starting Friday, setting the first ceiling for gasoline at 1,724 won ($1.29) per liter as the government moves to curb surging fuel prices.

The Ministry of Trade, Industry and Energy said Thursday the “petroleum product maximum price system” will take effect at midnight and apply to fuel prices supplied by refiners to gas stations and distributors.

The first price caps are set at 1,724 won ($1.29) per liter for gasoline, 1,713 won ($1.28) for automotive diesel and 1,320 won ($0.99) for kerosene.

The measure will remain in place for two weeks through March 26 and will be reviewed every two weeks based on fluctuations in global petroleum product prices.

The government said the caps are significantly lower than the average supply prices submitted by refiners on Tuesday. At that time gasoline averaged 1,833 won ($1.37) per liter, diesel 1,931 won ($1.45) and kerosene 1,728 won ($1.30).

Compared with those levels the new caps are lower by 109 won for gasoline, 218 won for diesel and 408 won for kerosene.

Officials said the policy aims to quickly slow the recent surge in oil prices and ease instability in the fuel market.

The price cap will apply only to wholesale supply prices set by refiners rather than the retail prices at individual gas stations. Officials expect pump prices to gradually decline as stations adjust prices once lower-cost fuel enters inventories.

Price changes typically appear two to three days after new supply prices take effect, depending on station inventories, the ministry said.

If refiners incur losses because of the price caps the government plans to compensate them through a post-settlement system. Refiners will submit loss estimates which will be verified through accounting reviews before quarterly compensation payments are made.

Minister of Trade, Industry and Energy Kim Jeong-gwan said the policy would allow limited price adjustments in line with international fuel price trends while preventing excessive increases that diverge from global markets.

— 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=20260312010003859

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N. Korea, China resume cross-border passenger train service for 1st time in 6 yrs

A passenger train linking North Korea and China crosses the Amnok River bridge, also known as the Yalu River bridge, on the border between two countries on Thursday. Photo by Yonhap

North Korea and China resumed an international passenger train service linking their capitals Thursday for the first time in six years, with a train spotted crossing the border bridge between the two countries.

A nine-car train traveling from Pyongyang to Beijing was seen by Yonhap News Agency passing over the Amnok River bridge, also known as the Yalu River bridge, connecting North Korea’s Sinuiju and China’s Dandong, at around 4:23 p.m.

Some train cars had closed curtains, while passengers were visible in others.

According to China’s Xinhua News Agency, a five-car passenger train departed from the Chinese border city of Dandong at 10 a.m. and was scheduled to arrive in Pyongyang at 6:07 p.m.

The Dandong-Pyongyang passenger line will operate daily in both directions, Xinhua said, quoting a Chinese official as saying the service will serve as a “dynamic link strengthening the friendship between these two nations.”

Also on Thursday, North Korea and China were set to resume a rail route connecting their capitals, Pyongyang and Beijing.

The resumption marks the first cross-border passenger train service between the two countries since operations were suspended in 2020 following the outbreak of the COVID-19 pandemic.

Last year, North Korea resumed direct flight and train services between Pyongyang and Moscow, Russia’s capital.

The reopening of the North Korea-China rail services comes as the two countries appear to be aligning more closely as they seek to repair relations frayed by Pyongyang’s military cooperation with Russia, amid speculation that the United States may seek to reengage Pyongyang for talks.

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South Korea Says It Can Deter North Even if U.S. Shifts Weapons to Middle East

South Korea said it remains capable of deterring threats from North Korea even if the United States redeploys some weapons stationed on the Korean peninsula to the Middle East amid the war involving Iran.

The comments by South Korean President Lee Jae Myung come after reports that key U.S. missile defence systems and military assets could be moved from Asia to support operations linked to the Iran conflict.

The potential redeployment has sparked concern among Asian allies that shifting military resources could weaken regional deterrence against China and North Korea at a time of heightened geopolitical tensions.

Seoul Says Deterrence Remains Strong

Speaking at a cabinet meeting, Lee acknowledged that reports about the relocation of U.S. military equipment had triggered controversy in South Korea.

He said that while Seoul had expressed opposition to the removal of certain weapons, it could not dictate U.S. military decisions.

However, Lee emphasised that South Korea’s own defence capabilities are strong enough to maintain deterrence against North Korea even if some American systems are temporarily relocated. He noted that South Korea’s defence spending and conventional military strength significantly exceed those of the North.

South Korea hosts about 28,500 U.S. troops as part of the long-standing alliance designed to deter aggression from nuclear-armed North Korea.

Missile Defence Systems May Be Redeployed

Officials have indicated that the U.S. and South Korean militaries are discussing the possible redeployment of Patriot missile defense system batteries to the Middle East.

South Korean media reported that some missile batteries may have already been shipped from Osan Air Base and could be redeployed to U.S. bases in Saudi Arabia and the United Arab Emirates.

There were also reports that parts of the Terminal High Altitude Area Defense (THAAD) system could be moved from South Korea to the Middle East.

While Patriot systems provide lower-tier defence against shorter-range missiles, THAAD systems are designed to intercept ballistic missiles at high altitude.

United States Forces Korea declined to comment on the possible relocation of equipment, citing operational security.

Analysts Warn of Miscalculation Risks

Military analysts say that although South Korea possesses strong military capabilities, the presence of U.S. forces and weapons in the country serves as a crucial signal of Washington’s commitment to the region.

According to Choi Gi-il, a military studies professor at Sangji University, the removal of some systems could carry strategic risks.

He warned that North Korea might interpret the redeployment as a weakening of allied defences and could attempt limited provocations to test the alliance’s response.

North Korean leader Kim Jong Un has recently signalled a more aggressive posture, pledging to expand the country’s nuclear arsenal and describing South Korea as its “most hostile enemy.”

Wider Regional Impact

The redeployment of U.S. assets reflects the broader strategic impact of the Iran conflict on global military posture.

Japan, which also hosts major U.S. bases, has seen two U.S. guided-missile destroyers stationed in Yokosuka deployed to the Arabian Sea to support operations linked to the Iran campaign.

The movements have raised concerns in Tokyo as well, with opposition politicians questioning whether U.S. forces stationed in Japan should be used for operations outside the region.

The developments highlight how the conflict in the Middle East is beginning to reshape global military deployments, drawing resources away from Asia and prompting questions about the balance of security commitments across different regions.

With information from Reuters.

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Kim Jong Un oversees cruise missile launch amid U.S.-South Korea drills

North Korean leader Kim Jong Un (R) oversaw the test-fire of strategic cruise missiles from the naval destroyer Choe Hyon, state-run media reported Wednesday. In the photo, Kim watches the launch via video feed with his daughter Kim Ju Ae. Photo by KCNA/EPA

SEOUL, March 11 (UPI) — North Korean leader Kim Jong Un oversaw the test-firing of strategic cruise missiles from a naval destroyer, state media reported Wednesday, as the United States and South Korea began a large-scale joint military exercise this week.

The North’s Choe Hyon destroyer launched the missiles at island targets in the Yellow Sea on Tuesday, the official Korean Central News Agency said, with Kim watching via a video feed. The missiles flew for roughly two hours and fifty minutes before striking their targets, KCNA said.

Pyongyang described the weapons as “strategic,” a term it typically uses for systems capable of carrying nuclear warheads.

The launches came days after North Korea conducted a similar cruise missile test from the destroyer ahead of its commissioning.

The test also coincided with the start of the allies’ annual Freedom Shield exercise on Monday, an 11-day program of command-post simulations and field training drills.

North Korea has long condemned the joint exercises as rehearsals for invasion. On Tuesday, Kim Yo Jong, the powerful sister of Kim Jong Un, warned that the drills could destabilize the region and lead to “unimaginably terrible consequences.”

After observing the launch, Kim praised the “superiority of the destroyer’s integrated combat system,” according to KCNA.

“The components of our war deterrent are now being included in the very sophisticated operational system … and the country’s nuclear forces have made a switch to the phase of multifaceted operation,” Kim said.

Images released by state media showed Kim watching the test alongside his daughter Ju Ae, who has appeared frequently with her father at major events. South Korea’s spy agency said last month that Ju Ae, believed to have been born in 2013, appears close to being designated as Kim’s successor.

Pyongyang launched the Choe Hyon, its first 5,000-ton destroyer, last April as Kim called for strengthening the country’s naval capabilities. North Korean reports say the vessel carries a range of weapons, including nuclear-capable cruise missiles and tactical ballistic missiles.

Photos released by state media show the ship’s missile and radar systems resembling those found on Russian vessels, prompting speculation Pyongyang may have received technical assistance from Moscow.

North Korea has deployed troops, artillery and weapons to support Russia’s war in Ukraine and is believed to be receiving financial support and advanced military technology in return.

A second destroyer, the Kang Kon, suffered an accident during its launch ceremony last year that left it listing on its side before it was repaired and relaunched in June.

Kim has ordered another 5,000-ton destroyer completed by Oct. 10, the anniversary of the founding of the ruling Workers’ Party of Korea.

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S. Korea involved in oil reserve release discussions with IEA

South Korea is in discussions with the IEA over the agency’s proposal to release strategic oil reserves, Seoul officials said Wednesday. This photo, taken Mar. 10, shows a gas station in Seoul. Photo by Yonhap

The South Korean government is “closely involved” in discussions with the International Energy Agency (IEA) over the agency’s reported proposal to release strategic oil reserves to help stabilize soaring oil prices, Seoul officials said Wednesday.

Officials at the Ministry of Trade, Industry and Resources confirmed Seoul’s participation in the reported IEA discussions to Yonhap News Agency, following media reports saying that the IEA has proposed the largest-ever release of oil reserves to its 32 member countries, including South Korea.

According to the report by the Wall Street Journal, IEA members are expected to soon decide on the proposal in an extraordinary meeting.

“South Korea is closely involved in discussions over a coordinated release of strategic oil reserves by the IEA,” a ministry official said.

The country currently holds around 1.9 billion barrels of oil reserves, which is enough to last more than 200 days.

“We have yet to decide how much oil will be released from our reserves with the IEA’s decision,” a ministry official said.

The Seoul government has released its strategic oil reserves on five occasions since 1990, all through international coordination.

The occasions included the 1991 Gulf War, the 2011 Libya crisis and the outbreak of the Russia-Ukraine War in 2022.

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Deterrence posture against N. Korea won’t be hindered regardless of potential shift of USFK’s assets

South Korea’s defense posture against North Korea will not be hindered by the shift of U.S. military assets to the Middle East, a senior presidential official said Wednesday. In this photo, taken Tuesday, air defense launchers are seen being dismantled at a U.S. THAAD base in Seongju. Photo by Yonhap

The deterrence posture against North Korea will not be hindered regardless of a potential shift of military assets owned by the U.S. military stationed in South Korea, a senior official at Cheong Wa Dae said Wednesday, amid media reports that the U.S. Forces Korea (USFK) has shipped out some of its air defense assets from the Korean Peninsula.

“Given our level of military capability, defense spending, defense industry capacity and the high morale of our troops, there is no problem with deterrence against North Korea regardless of whether some USFK assets are relocated overseas,” the official said.

The official, however, declined to comment on media reports that parts of a Terminal High Altitude Area Defense (THAAD) system and other air defense units owned by the USFK were moved from South Korea amid a raging war in the Middle East.

“It is not appropriate for our government to comment on military operations between Korea and the U.S.,” the official said.

The official said South Korea and the U.S. have remained in close coordination to maintain a robust combined defense posture.

“Korea and the U.S. will maintain a robust combined defense posture to contribute to peace and stability on the Korean Peninsula and in the region,” the official said. “To that end, the two countries will continue close communication and coordination.”

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South Korea considers early budget to offset Middle East shock

South Korean President Lee Jae Myung speaks during a Cabinet meeting at the presidential office Cheong Wa Dae in Seoul, South Korea, 10 February 2026. Photo by YONHAP / EPA

March 10 (Asia Today) — President Lee Jae-myung said Tuesday the government may prepare an early supplementary budget to cushion the economic impact of rising energy prices linked to the Middle East conflict.

Speaking at a Cabinet meeting in Seoul, Lee said additional fiscal measures could be necessary to support small businesses, struggling companies and vulnerable households if global energy shocks continue.

“To provide fiscal assistance and support for small business owners and vulnerable firms, we may inevitably need an early supplementary budget,” Lee said.

Lee also called for targeted support for lower-income households rather than a blanket reduction in fuel taxes as oil prices surge.

The president instructed officials to accelerate additional financial and fiscal measures, including a petroleum price cap system, adjustments to energy taxes and direct assistance to consumers.

“We must mobilize all national capabilities to minimize the impact of external shocks on people’s livelihoods, the economy and industry,” Lee said.

Deputy Prime Minister and Economy Minister Koo Yoon-cheol said the government could potentially finance the supplementary budget without issuing new government bonds.

He cited improving conditions in the semiconductor industry and increased fiscal resources linked to stronger activity in the stock market.

Lee also addressed concerns over reports that United States Forces Korea may remove some air defense assets from the country amid the regional conflict.

“If you ask whether this seriously undermines our deterrence strategy against North Korea, the answer is no,” Lee said.

He acknowledged that South Korea had expressed opposition to the partial withdrawal of air defense systems but noted that the United States may reposition some assets based on its broader military needs.

Foreign media have reported that systems such as the Terminal High Altitude Area Defense system and Patriot missile batteries could be redeployed.

Lee emphasized that South Korea’s defense spending remains among the highest in the world and said the country’s military readiness remains strong.

— Reported by Asia Today; translated by UPI

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