Korea

South Korea police refer nearly 2,000 in corruption crackdown

The Korean National Police Agency headquarters in Seoul. Photo by Asia Today

April 13 (Asia Today) — South Korean police have referred nearly 2,000 suspects to prosecutors following a nine-month crackdown on corruption involving public officials, illegal kickbacks and safety violations.

The National Investigation Headquarters of the Korean National Police Agency said Monday that 1,997 people were referred for prosecution between July 1 and March 31, including 56 who were detained.

The probe targeted three main areas: corruption by public officials, unfair business practices and safety-related violations.

Among those referred, 548 were public officials, with 17 taken into custody.

Bribery accounted for the largest share, with 322 suspects referred and 31 detained. Authorities also referred 410 suspects in kickback cases, 507 for financial irregularities, 513 for substandard construction and 52 for hiring-related corruption.

Police said the investigation focused on systemic corruption across government offices and industrial sectors and will expand to include locally entrenched corruption networks.

In one case, police referred nine people, including the head of a Seoul branch of a postal workers’ union, on charges of misusing union funds for an election campaign and overseas travel expenses. The union leader was detained.

In another case, three local council members in Gangwon Province were referred for allegedly offering or receiving money and gifts during an internal vote to elect a council chair. One was detained.

Authorities also uncovered corruption in the medical sector. Police in Busan referred 31 individuals, including a doctor and medical device company officials, for allegedly receiving about 165 million won (about $123,000) in exchange for supply contracts. Two were detained.

Police said they will continue investigating 1,699 suspects tied to unresolved cases and have launched a separate crackdown on local corruption since early last month.

An official from the national investigation body said strong enforcement efforts must be accompanied by public reporting to effectively root out corruption.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260413010003875

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Trump nominates former Rep. Michelle Park Steel as U.S. ambassador to S. Korea

U.S. President Donald Trump has nominated a former Korean American congresswoman as the United States’ top envoy to South Korea, a presidential nomination document showed Monday.

Trump tapped Michelle Park Steel, a former two-term Republican lawmaker from California, as the U.S. ambassador to South Korea — a post that has been left vacant since former Ambassador Philip Goldberg left South Korea in January last year.

The nomination came as Seoul and Washington face a series of joint tasks, including “modernizing” the bilateral alliance, addressing trade and investment issues, and cooperating on regional and global challenges, including North Korean threats and the Middle East conflict.

If confirmed by the Senate, Steel is expected to help enhance communication between the two allies following more than a yearlong vacancy in the ambassadorial post.

After Goldberg left the post, Joseph Yun, former special representative for North Korea policy, served as acting ambassador, followed by Kevin Kim, former deputy assistant secretary at the State Department’s Bureau of East Asian and Pacific Affairs.

Steel, if confirmed, would become the second Korean American to serve as U.S. ambassador to South Korea, following former Ambassador Sung Kim, who served in Seoul as ambassador from 2011-2014.

Since Trump took office in January last year, Steel has frequently been bandied about as one of the strongest candidates for the ambassador post. She has reportedly gained strong support from former and current Republican grandees, such as House Speaker Mike Johnson.

During Trump’s first term, she served as part of the President’s Advisory Commission on Asian Americans and Pacific Islanders.

She was first elected to the House in 2020 and then reelected in 2022. She lost to her Democratic rival by a small margin in the 2024 general election.

In a social media post ahead of the 2024 vote, Trump gave Steel his “complete and total” endorsement, casting her as one of the “strongest congresswomen” in the country and an “America First Patriot whose family bravely fled Communism.”

During her time in Congress, she was active in pushing for legislation to address the issue of Korean Americans who have been separated from their relatives in North Korea in the wake of the 1950-53 Korean War.

She previously served as a member of the Orange County Board of Supervisors and the California State Board of Equalization.

Her husband is Shawn Steel, an attorney who served as the California Republican Party chairman from 2001 to 2003. He has been the Republican National Committeeman from California since 2008.

Born in Seoul in June 1955, Steel is known to have grown up and studied in South Korea, Japan and the U.S. She speaks fluent Korean.

She earned a bachelor’s degree from Pepperdine University in Malibu, California, and an MBA from the University of Southern California in Los Angeles.

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South Korea boosts military fuel readiness amid energy risks

President Lee Jae Myung (3-L, rear) attends a meeting of top commanders of the Army, Air Force and Navy at the defense ministry in Seoul, South Korea, 27 March 2026. Photo by YONHAP / EPA

April 13 (Asia Today) — South Korea’s Defense Ministry said Monday it is strengthening fuel procurement and management to ensure military readiness as global energy supply uncertainty rises.

Vice Minister of Defense Lee Doo-hee visited an Army corps unit to inspect fuel storage operations and energy conservation measures, urging tighter management of military fuel reserves.

The visit came as concerns grow over global energy disruptions linked to the Middle East conflict, prompting the government to emphasize stable fuel supplies as a key element of military preparedness.

Lee said effective fuel management is essential to maintaining operational capability in both peacetime and wartime, calling on units to ensure they can carry out missions immediately under any circumstances.

He also stressed the need to strengthen safety management and emergency response systems at military fuel storage facilities.

The government recently raised its resource security alert level for crude oil from “caution” to “alert,” reflecting heightened concerns over supply stability.

Lee urged commanders to improve efficiency in unit operations and promote energy-saving practices across military bases to conserve resources.

— 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=20260413010003913

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OP-ED: South Korea wary of Trump troop redeployment talk

April 10 (Asia Today) — This commentary is the Asia Today Editor’s Op-Ed.

U.S. President Donald Trump is reportedly considering pulling American troops from NATO countries he sees as uncooperative during the Middle East war. The idea suggests he is again weighing a transactional approach to alliances, using troop deployments as leverage based on each country’s contribution to U.S. interests.

That possibility is drawing concern in South Korea as well as Japan. Trump has publicly criticized the muted response of non-NATO allies, and worries are growing that debate over troop movements in Europe could expand into discussions over U.S. Forces Korea and U.S. forces in Japan.

The Wall Street Journal reported Tuesday that Trump and his aides recently reviewed allied contributions and discussed shifting military assets depending on the level of cooperation. Under that idea, troops could be withdrawn from some NATO countries and moved to nations seen as more supportive of U.S. operations in the Middle East.

That differs from Trump’s earlier talk of fully leaving NATO during the controversy over Greenland. A complete withdrawal would face a far higher political and legal barrier in Washington.

Spain and Germany have been mentioned as possible candidates for a reduced U.S. military presence. Spain is the only NATO member that has not indicated support for defense spending at around 5% of gross domestic product, and it refused to allow U.S. aircraft to cross its airspace during the Middle East war. In Germany, senior officials openly criticized U.S. military action, saying it was not their war.

By contrast, Poland, Romania, Lithuania and Greece have been seen as relatively supportive of operations against Iran. Those countries were among the first to back an international coalition to monitor the Strait of Hormuz. Romania in particular quickly approved the use of its air bases by the U.S. Air Force after the war began.

Still, moving more U.S. troops into Central and Eastern Europe could provoke Russia and create new strategic risks. What may look like a reward for friendly allies could become a double-edged sword.

South Korea cannot assume Trump’s frustration is limited to NATO. During the war, he repeatedly complained about allies that declined U.S. requests involving naval participation tied to the Strait of Hormuz, and he spoke of South Korea and Japan in terms suggesting ingratitude.

He also exaggerated the number of U.S. troops in South Korea while pressing the argument that allies should shoulder more of the burden. That matters because Trump has long viewed alliance commitments through the lens of cost-sharing and direct return.

The United States has already drawn on key air defense assets associated with U.S. Forces Korea, including the Terminal High Altitude Area Defense system and Patriot interceptors, for use in the Middle East. Since Washington’s new National Defense Strategy earlier this year highlighted the role of U.S. forces in deterring China, signs of a broader mission shift have become more visible.

If Trump decides to use troop reductions or redeployment as pressure to demand higher defense payments from Seoul, South Korea could face a new round of security bargaining at an especially sensitive moment. The government should prepare accordingly and work to ensure that any review of U.S. force posture does not come at the expense of deterrence on the Korean Peninsula.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260409010002951

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Korea group offers up to 12% annual savings interest to boost births

Korea Federation of Community Credit Cooperatives Director Cho Bong-eop (2-L) poses with the first customer of its new savings product offering an annual interest rate of up to 12% at the organization’s office in Seoul on Friday. Photo by Korea Federation of Community Credit Cooperatives

SEOUL, April 10 (UPI) — The Korea Federation of Community Credit Cooperatives said Friday it launched a savings product that offers an annual interest rate of up to 12% in an attempt to boost childbirth.

The one-year installment savings product provides a base rate of 4%, which increases by steps to 12% depending on the number of the customer’s children. It is subject to a deposit limit, though.

For savers with a newborn in areas experiencing population decline, the country’s top apex organization said that the maximum 12% interest would be guaranteed regardless of the number of children.

“We have introduced dedicated financial products every year since 2023 in an effort to help address the low birth rate,” cooperative Director Cho Bong-eop said in a statement.

“As a community-based financial institution, we will keep fulfilling our social responsibilities by supporting vulnerable groups and revitalizing local economies, in addition to tackling the low birth rate,” he added.

South Korea has one of the world’s lowest fertility rates, which fell to 0.72 in 2023, according to Statistics Korea. The figure rebounded slightly to 0.75 in 2024 and 0.8 last year, still far below the replacement level of 2.1.

This means that for every 100 South Korean women, only 80 babies are expected to be born over their lifetimes, leading to a gradual population decline. The country’s population stands at 51.6 million.

To address the challenge, the Seoul government has funneled a huge amount of money over the past decades to little avail. In recent years, even private companies stepped in, providing bonuses and various benefits to employees who have a baby.

Last month, Statistics Korea reported nearly 27,000 births in January, the highest monthly figure in nearly seven years. However, the fertility rate still remained below 1.

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Unification minister calls resuming tourist railway to border with N. Korea starting point for peace

A train enters Dorasan Station near the border with North Korea on Friday. South Korea resumed tourist rail service to the border station for the first time in over six years. Pool Photo by Yonhap

Unification Minister Chung Dong-young said Friday the resumption of tourist rail service to the border with North Korea is a “small” starting point for establishing peace with Pyongyang, as Seoul reopened a long-closed border rail station.

Earlier in the day, South Korea resumed tourist rail service to and from its northernmost Dorasan Station in the border city of Paju, which is a symbol of inter-Korean cooperation that once connected the two Koreas.

“The resumption of train service is a small starting point toward establishing everyday peace, allowing people to experience it in their daily lives,” Chung said in a ceremony marking the event.

“When tourists can visit, see and experience the site of peace at Dorasan Station, peace will finally become an everyday language that breathes in our lives, rather than grand discourse,” he said.

The station, the northern endpoint of South Korea’s rail network just south of the inter-Korean border, was established after the then South and North Korean leaders agreed to connect their railways at a 2000 summit held amid a period of reconciliation between the two Koreas.

Freight trains once ran through Dorasan Station between the two Koreas, carrying materials and finished goods to and from the Kaesong Industrial Complex, a jointly operated factory park in North Korea that was shut down amid inter-Korean tensions in 2016.

Since then, the station had served tourist trains carrying passengers in South Korea to border areas, before closing completely in late 2019 due to the COVID-19 pandemic.

The resumption of the border station comes as Seoul continues efforts to resume dialogue and engagement with North Korea to reduce military tensions and establish peace, despite Pyongyang’s repeated rebuffs.

“Only peace and coexistence, as well as reconciliation and cooperation, are the path to mutual prosperity for the South and the North, not worthless animosity and confrontation,” Chung also noted.

He said he believes the two Koreas can surely establish new relations that accommodate the changing international situation and their respective national interests, expressing hope that their railways could be reconnected in the future.

The resumption of rail service to the station will allow tourists to travel by train beyond the Civilian Control Line, which restricts public access near the Demilitarized Zone (DMZ) separating the two Koreas.

The train, named “DMZ Peace Link,” departs from Seoul Station and stops at Unjeong and Imjingang before reaching Dorasan Station, where tourists can visit a nearby observation post and a tourist village.

It runs once on the second and fourth Fridays each month till May, before expanding to every Friday from June.

Going forward, the government, municipalities and the rail agency plan to add more tourist destinations near the border station to provide various programs aimed at promoting peace on the Korean Peninsula.

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China’s Wang Yi Visits North Korea Amid Missile Tests

Chinese Foreign Minister Wang Yi (R) shake hands with North Korean Foreign Minister Choe Son Hui in Beijing, China, 28 September 2025. Chinese Foreign Minister Wang Yi plans to visit North Korea, 9 April 2026. File. Photo by XINHUA / Yue Yuewei /EPA

April 9 (Asia Today) — North Korea’s continued missile provocations, combined with Chinese Foreign Minister Wang Yi’s visit to Pyongyang, are being interpreted as a coordinated signal aimed at asserting control over developments on the Korean Peninsula.

The move comes as global uncertainty rises amid the ongoing Middle East conflict, with analysts saying Pyongyang is attempting to leverage the situation to elevate its strategic presence.

On Wednesday, North Korea’s state media reported that the country conducted a series of weapons tests over three days from April 6 to 8, including electromagnetic weapon systems, carbon-fiber mock warhead dispersal tests, and combat capability verification of mobile short-range air defense systems.

It also said the cluster warhead of its tactical ballistic missile Hwasong-11A (KN-23) demonstrated the capability to devastate a target area of approximately 6.5 to 7 hectares.

The test is widely interpreted as an effort to enhance strike efficiency by equipping the KN-23 with a cluster-type warhead, which disperses hundreds of submunitions to maximize lethality.

South Korea’s Joint Chiefs of Staff said North Korea launched an unidentified projectile from the Pyongyang area on April 7, but it failed shortly after launch. The following day, Pyongyang fired short-range ballistic missiles twice from the Wonsan area on the country’s east coast.

Drawing a line against Seoul, reinforcing ‘two hostile states’ framework

Experts say the latest series of actions reflects North Korea’s dual-track strategy – outwardly engaging while simultaneously reinforcing military pressure.

Yang Moo-jin, a professor at the University of North Korean Studies, said the tests appear to be part of ongoing missile upgrades tied to the country’s five-year defense development plan announced at the 9th Party Congress.

“At the same time, it is a move to demonstrate control over the Korean Peninsula issue amid heightened global volatility, including the Middle East war,” Yang said.

He added that the actions also signal a clear rejection of what Pyongyang sees as Seoul’s “flexible response” following recent remarks by Kim Yo-jong, and an effort to maintain tensions under its “two hostile states” policy framework.

Im Eul-chul, a professor at Kyungnam University’s Institute for Far Eastern Studies, said North Korea is pursuing a strategy of reinforcing its political narrative through military means.

“While North Korea appears to be pragmatically acknowledging President Lee Jae-myung’s expression of regret, it is simultaneously advancing its physical strike capabilities,” Im said. “This is about asserting dominance through action and force, not words.”

China probes North Korea as Wang Yi returns after 6 years

At the same time, Wang Yi’s visit – his first to North Korea in more than six years – is drawing close attention.

North Korean state media said the visit will last two days beginning April 9, at the invitation of Pyongyang’s foreign ministry.

Yang said China’s move likely reflects an effort to gauge North Korea’s intentions while also positioning itself to manage potential escalation.

“China is trying to explore North Korea’s stance while taking preemptive steps to keep the situation under control,” he said.

He added that North Korea’s recent missile launches underline its continued hardline posture toward the United States, including its refusal to engage in denuclearization talks and its demand to be recognized as a nuclear-armed state.

As tensions persist, analysts say the combination of North Korea’s military signaling and China’s diplomatic engagement highlights a shifting balance of influence on the Korean Peninsula – one increasingly shaped by force, timing and geopolitical opportunity.

— 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=20260410010003032

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North Korea tests electronic warfare systems, cluster-bomb missile

North Korea said Thursday it conducted a series of weapons tests this week, including missiles tipped with a cluster-bomb warhead and electronic warfare systems. This January file photo shows the North’s test-fire of a multiple-rocket launcher system. File Photo by KCNA/EPA

SEOUL, April 9 (UPI) — North Korea said Thursday that it carried out a series of weapons tests this week, including a tactical ballistic missile with a cluster-bomb warhead as well as electromagnetic and other electronic warfare systems.

The tests, conducted from Monday to Wednesday, were part of efforts to assess the performance and battlefield use of several new weapons systems, the North’s official Korean Central News Agency said.

KCNA said that its surface-to-surface Hwasong-11Ka missile was tested with a cluster-bomb payload capable of striking targets over a wide area, claiming it could “reduce to ashes” targets spanning roughly 16 to 17.2 acres.

The Hwasong-11 missile, also known as the KN-23, is a highly maneuverable short-range ballistic missile similar to Russia’s Iskander.

The report came one day after South Korea’s Joint Chiefs of Staff said it detected multiple missile launches on Wednesday from the coastal Wonsan area toward the East Sea. The military also reported the launch of an unidentified projectile from the Pyongyang area on Tuesday.

In addition to the missile tests, North Korea said it conducted trials of an electromagnetic weapon system and carbon-fiber bombs, as well as a mobile short-range anti-aircraft missile system.

The tests were overseen by Kim Jong Sik, a senior official involved in the North’s missile development programs.

Kim said the electromagnetic weapon and carbon-fiber bomb are “special assets of strategic nature” that can be combined with various military systems.

Carbon-fiber bombs — also known as graphite bombs— are designed to disable electrical grids by dispersing fine conductive filaments to short-circuit power infrastructure, causing widespread outages without physical destruction.

Electromagnetic weapons, meanwhile, emit high-energy pulses that can disrupt or damage electronic systems, including communications networks, radar and computing infrastructure.

KCNA also said engineers conducted a test to measure the “maximum workload” of a missile engine using low-cost materials.

The reported mix of electronic weapons systems and cost-efficient production methods points to ongoing efforts to modernize and expand the North’s hybrid warfare capabilities.

The tests came after South Korean President Lee Jae Myung on Monday expressed regret over unauthorized drone incursions into the North.

His remarks drew a rare response from Pyongyang, as Kim Yo Jong, the influential sister of leader Kim Jong Un, described Lee as “frank and broad-minded.”

Seoul’s Unification Ministry called the exchange a positive signal, saying it represented “meaningful progress toward peaceful coexistence on the Korean Peninsula.”

North Korea’s first vice foreign minister, Jang Kum Chol, later rejected that interpretation, calling it a “hope-filled dream reading” and insisting the South remains “the enemy state most hostile to the DPRK.”

The Democratic People’s Republic of Korea is the official name of North Korea.

A South Korean military official said the allies are continuing to track developments in the North’s weapons programs.

“We maintain the ability and readiness to overwhelmingly respond to any provocation under a solid South Korea-U.S. joint defense posture,” Jang Do-young, public affairs director of the Joint Chiefs of Staff, said at a press briefing Thursday.

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South Korea rolls out first domestic reconnaissance UAV

1 of 2 | Korean Air engineers assemble KUS-FT unmanned aerial vehicles (UAVs) for their delivery to the Army at the Busan Tech Center in Busan, South Korea. File. Photo by YONHAP / EPA

April 8 (Asia Today) — South Korea held a rollout ceremony Tuesday for the first mass-produced medium-altitude reconnaissance unmanned aerial vehicle, a domestically developed surveillance platform designed to strengthen the military’s independent intelligence-gathering capabilities.

The Defense Acquisition Program Administration said the ceremony for the first production model was held at Korean Air’s tech center in Busan.

The medium-altitude unmanned aerial vehicle, or MUAV, is South Korea’s first strategic-class drone developed under the supervision of the defense procurement agency and the Agency for Defense Development, with Korean Air, LIG D&A and Hanwha Systems participating in development and production.

The aircraft is 13 meters long and has a wingspan of 26 meters. It is powered by a 1,200-horsepower turboprop engine and can fly at altitudes above 10 kilometers, allowing it to carry out reconnaissance missions against ground targets.

The agency said about 90% of the aircraft’s components are produced domestically. Once fully deployed, the MUAV is expected to give South Korea the ability to monitor strategic targets in real time around the clock using high-performance cameras and sensors.

Lee Yong-chul, head of the Defense Acquisition Program Administration, said the program was the result of sustained efforts by defense companies and researchers.

He said the aircraft would significantly improve the military’s surveillance and reconnaissance capabilities, strengthen the foundation for self-reliant defense and help advance South Korea’s aviation industry.

The MUAV will undergo Air Force acceptance tests before being delivered in phases starting in 2027, when it will begin operations.

About 300 people attended the ceremony, including senior officials from the Air Force, the Defense Ministry, the Joint Chiefs of Staff, the Agency for Defense Development and the Defense Agency for Technology and Quality.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260408010002614

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North Korea conducts multiple missile launches over two days, Seoul says

North Korea launched short-range ballistic missiles toward the East Sea on two occasions Wednesday, Seoul’s military said. In this March photo, people watch reports of a North Korean launch at a train station in Seoul. File Photo by Jeon Heon-Kyun/EPA

SEOUL, April 8 (UPI) — North Korea fired short-range ballistic missiles on two separate occasions Wednesday, Seoul’s military said, marking three launches over two days after South Korean President Lee Jae Myung expressed regret over a drone incursion.

At 8:50 a.m. Wednesday, the North launched several short-range ballistic missiles from its coastal Wonsan area toward the East Sea, Seoul’s Joint Chiefs of Staff said in a text message to reporters.

The missiles flew approximately 150 miles, the JCS said, adding that South Korean and U.S. intelligence authorities are analyzing their exact specifications.

“Under a steadfast South Korea-U.S. combined defense posture, the military is closely monitoring North Korea’s various movements and maintaining the capability and readiness to overwhelmingly respond to any provocation,” the JCS said.

North Korea later fired a single short-range ballistic missile from Wonsan toward the East Sea at 2:20 p.m. Wednesday, the JCS said in a separate message. The missile flew approximately 435 miles.

The launches came one day after the South’s military detected an unidentified projectile fired from the Pyongyang area. The JCS said South Korean and U.S. intelligence officials are still analyzing its detailed specifications.

Hawaii-based U.S. Indo-Pacific Command said it detected both days’ launches and was consulting with regional allies and partners.

“Based on current assessments, this event does not pose an immediate threat to U.S. personnel or territory, or to our allies,” the command said in a statement.

The launches came after a statement by Kim Yo Jong, the powerful sister of North Korean leader Kim Jong Un, describing President Lee as “frank and broad-minded” after he expressed regret over unauthorized drone incursions into the North.

Lee had addressed the drone issue earlier Monday during a Cabinet meeting, following last week’s indictment of three individuals accused of carrying out incursions between September and January.

“Although this was not an act by our government, I express regret to the North Korean side over the unnecessary military tension caused by such reckless behavior,” Lee said during the meeting.

While Kim’s remarks struck a less hostile tone than recent statements from Pyongyang, she still included a warning to the South to “stop any reckless provocation against the DPRK” and to “refrain from any attempt at contact.”

The Democratic People’s Republic of Korea is the official name of North Korea.

North Korea’s first vice foreign minister, Jang Kum Chol, later dismissed Seoul’s positive interpretation of the remarks, calling them a “hope-filled dream reading.”

In a statement released late Tuesday and carried by the official Korean Central News Agency, Jang said that the South’s identity as “the enemy state most hostile to the DPRK can never change with any words or conduct by its chief executive.”

Victor Cha, president of the geopolitics and foreign policy department at the Center for Strategic and International Studies, cautioned against reading into the timing of the launches relative to Kim’s drone statement.

“I’m more and more of the view that the recent missile demonstrations we’ve seen by North Korea are not testing and they’re not political statements — they’re exercising,” Cha told UPI during a press briefing at the Asan Plenum policy forum in Seoul.

“I don’t think [North Korea] had any notion of when the South Koreans were going to convey communications on the drone activity,” Cha said. “If anything, these [launches] just happened to be on parallel tracks.”

North Korea last fired ballistic missiles toward the East Sea on March 14 as the United States and South Korea held their annual springtime joint military exercise. Pyongyang later said the launches were part of a firepower strike drill involving 600mm multiple rocket launchers overseen by Kim Jong Un.

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S. Korea secures 60 mln barrels of alternative oil supplies for May: officials

A fuel tank truck enters a tunnel in the city of Goyang, northwest of Seoul, in this file photo taken March 5, 2026. Photo by Yonhap

South Korea has secured an additional 60 million barrels of alternative oil supplies for May that will replace supplies from the Middle East that have been blocked due to the effective closure of the Strait of Hormuz, the government said Tuesday.

The country has secured a total of 110 million barrels of oil — 50 million for April and 60 million for May — so far from 17 countries, including Saudi Arabia, the United States, the United Arab Emirates, Brazil and Canada, Yang Ghi-wuk, deputy minister for trade, industry and resource security, said in a regular press briefing.

The amount secured for this month and May each represents about 60 percent and 70 percent, respectively, of monthly oil supplies to South Korea when things run as usual, he added.

Regarding the oil swap system introduced last week, Yang said the country’s major four refiners have submitted plans to borrow more than 30 million barrels under the program, with around 8 million barrels to be delivered this week.

Under the oil swap system, South Korean refiners can borrow crude oil from the national reserve and return the same volume once shipments of their crude supplies secured abroad arrive.

“Refiners have expressed interest in the oil swap system and are willing to utilize it,” he said.

Touching on naphtha, a crucial raw material in petrochemical manufacturing, Yang said he expects imports for the raw material to reach 770,000 tons this month, which will be equivalent to some 70 percent of the amount imported during the same month last year.

Also, the aggregate naphtha supply is projected to reach around 80 to 90 percent of the amount needed for the month on a normal basis when adding around 1.1 million tons of the material produced within the country, Yang added.

“We plan to work with companies to make efforts in securing naphtha supplies once the supplementary budget passes and the extra budget is allocated,” he said.

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South Korea spy agency sees Middle East conflict easing

National Intelligence Service chief Lee Jong-seok (C) attends a plenary session of the intelligence committee at the National Assembly in Seoul, South Korea, File. Photo by YONHAP / EPA

April 6 (Asia Today) — South Korea’s National Intelligence Service said Monday the conflict between the United States and Iran could enter a lull by the end of this month, while also assessing that North Korean leader Kim Jong Un is solidifying a succession plan centered on his daughter.

The assessment was delivered during a closed-door briefing to the National Assembly’s intelligence committee.

The agency said the conflict, which began in February, remains a war of attrition with relatively low likelihood of major escalation, despite continued military pressure.

It said the United States and Israel maintain battlefield superiority, while Iran is leveraging its geopolitical position, including control over energy routes, to sustain its position.

The agency said both sides may pursue limited negotiations, including a potential arrangement in which Iran reopens the Strait of Hormuz and the United States releases frozen Iranian assets.

Officials said the possibility of the United States escalating the conflict with ground troop deployment remains low for now.

The agency added that the trajectory of the conflict over the coming days, particularly the impact of U.S. airstrikes, will likely determine whether tensions ease toward the end of April.

On North Korea, the intelligence service said Kim Jong Un’s daughter Ju-ae can now be regarded as a likely successor, based on recent intelligence.

It said Ju-ae has increasingly appeared in military-related settings, suggesting efforts to build her leadership profile and normalize the idea of a female successor.

The agency also said recent imagery and public appearances appear designed to highlight her military credentials, including staged scenes reminiscent of Kim Jong Un’s own rise to power.

In contrast, the agency assessed that Kim Yo Jong, Kim’s sister, does not hold substantial independent power, and will likely continue serving as a senior aide and public spokesperson.

— 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=20260406010001642

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North Korea keeping Iran at arm’s length, reports Seoul | US-Israel war on Iran News

Seoul says Pyongyang has not been supplying Iran with weapons in the hopes of being able to reopen diplomatic dialogue with the US.

North Korea appears to be distancing itself from longtime partner Iran in the hopes of forming a new relationship with the United States, South Korean intelligence believes.

Seoul’s National Intelligence Service (NIS) sees no signs that North Korea has sent weapons or supplies to Tehran since the US-Israel war on Iran began at the end of February, lawmaker Park Sun-won, who attended a closed-door briefing held by the NIS, said on Sunday.

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While Iran’s other allies China and Russia have frequently issued statements on the US-Israel war on Iran, North Korea’s Foreign Ministry has only issued two toned-down statements so far, said the NIS.

While Pyongyang did condemn the US and Israeli attacks on Iran as illegal, it did not issue public condolences after Supreme Leader Ayatollah Ali Khamenei’s death or send a congratulatory message when Khamenei’s son, Mojtaba Khamenei, succeeded him.

The spy agency said Pyongyang is likely adopting this cautious approach to position it for a new diplomatic chapter with the US once the Middle East conflict subsides, said Park.

The NIS also told lawmakers that it now believes Supreme Leader Kim Jong Un is grooming his teenage daughter as his successor, citing a recent public display of her driving a tank.

The NIS said the imagery was intended to highlight the supposed military aptitude of the youngster, who is believed to be around 13 and named Ju Ae.

Such scenes are intended to pay “homage” to Kim’s own public military appearances during the early 2010s, when he was being prepared to succeed his father, Park said.

Kim’s powerful sister, Kim Yo Jong, was earlier thought to be a leading candidate to succeed her brother.

On Monday, she was in North Korean headlines as she welcomed an apology issued by South Korean President Lee Jae Myung on Sunday over a January drone incursion.

“The ROK [Republic of Korea] president personally expressed regret and talked about a measure for preventing recurrence. Our government appreciated it as very fortunate and wise behaviour for its own sake,” Kim Yo Jong said in a statement carried by the official Korean Central News Agency.

Seoul initially denied any official role in the January drone incursion, with authorities suggesting it was the work of civilians, but Lee said a probe had revealed government officials had been involved.

“We express regret to the North over the unnecessary military tensions caused by the irresponsible and reckless actions of some individuals,” Lee said.

Lee has sought to repair ties with North Korea since taking office last year, criticising his predecessor for allegedly sending drones to scatter propaganda over Pyongyang.

His repeated overtures, however, have gone unanswered by the North until now.

Lee’s expression of regret follows Kim’s labelling of Seoul as the “most hostile state” in a policy address in March in which he vowed to “thoroughly reject and disregard it”.

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Circle CEO to visit Korea for meetings with KB Financial, Dunamu

The head office of KB Financial Group in Seoul. Photo courtesy of KB Financial Group

SEOUL, April 6 (UPI) — South Korea’s KB Financial Group said Monday that Jeremy Allaire, founding CEO of U.S. digital currency firm Circle, will visit early next week to meet with its senior executives.

The Seoul-based financial group noted that the meeting would focus on strengthening bilateral collaboration and discussing concrete action plans for innovations in next-generation financial infrastructure.

In the latter part of last year, KB Financial started proof-of-concept tests using Circle Mint, a platform that enables companies to issue and manage stablecoins, primarily Circle’s USD Coin, or USDC.

From the testing, KB Financial said it was able to gain knowledge and capabilities necessary to manage digital assets via such platforms as Circle Mint.

The two firms are exploring joint business opportunities in various areas, including the domestic use of USDC, cross-border transactions and potentially issuing a Korean currency-backed stablecoin.

“The upcoming meeting with Allaire will go beyond a simple one-off event. It will serve as a catalyst to elevate the partnership between the two companies, which have already completed in-depth technical verification,” KB Financial said in a statement.

“Based on the robust cooperation framework established with Circle, we will keep beefing up our leadership in the digital asset markets at home and abroad,” KB said.

Sogang University economics professor Yoon Suk-bin pointed out that competition will intensify sharply in the market, which combines traditional money and digital currency.

“It is a major industry trend for traditional financial institutions to partner with emerging digital asset firms to build integrated platforms,” he told UPI. “Circle CEO’s visit to Seoul can be understood in that context.”

Meanwhile, Dunamu also confirmed that Allaire would meet its executives next week. The digital powerhouse is an operator of South Korea’s leading cryptocurrency exchange, Upbit.

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Lee expresses regret over drone flights by individuals into N. Korea

South Korean President Lee Jae Myung, seen here speaking at a Cabinet meeting on Monday, expressed regret over drone flights by individuals into North Korea. Pool Photo by Yonhap

President Lee Jae Myung on Monday expressed regret over drone flights by individuals into North Korea, saying that such behavior has caused unnecessary military tension with Pyongyang.

Lee made the remarks during a Cabinet meeting, after prosecutors last week indicted three individuals accused of flying drones into North Korea between September and January.

Those indicted include a graduate student in his 30s, an employee of the National Intelligence Service and a military officer.

“Although this was not an act by our government, I express regret to the North Korean side over the unnecessary military tension caused by such reckless behavior,” Lee said.

Lee has previously criticized the drone incursions on several occasions, but this marks the first time he has expressed regret directly to North Korea.

He said civilians are prohibited from engaging in unauthorized, private acts that could provoke North Korea, stressing that even when such actions are deemed necessary for national strategy, they must be handled with the utmost caution.

“It is deeply regrettable that individuals carried out such provocative acts toward North Korea on their own,” he said, calling such actions “unacceptable.”

Lee also addressed concerns among residents near border areas, noting that the incident had caused significant anxiety.

“We need to carefully consider who such actions are really meant to benefit,” he said, urging relevant ministries to revise regulations and take swift measures to prevent recurrences.

Amid a rapidly shifting global landscape, Lee emphasized the importance of Seoul’s responsible role in maintaining peace and stability on the Korean Peninsula.

“We should closely monitor the changes in the harsh international order, which requires more responsible action to ensure peace on the Korean Peninsula,” he said.

Lee has extended an olive branch to resume dialogue with Pyongyang since taking office in June 2025, but North Korea has rebuffed those overtures, formally describing South Korea as the “most hostile state” in a parliamentary speech last month.

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U.S., South Korea launch joint search for aircraft lost in Korean War

April 6 (UPI) — The United States and South Korea began a joint investigation Monday to locate the wreckage of at least three U.S. aircraft that crashed off South Korea’s northeastern coast during the Korean War, officials said.

The four-week survey of the Gangneung and Yangyang areas of northeastern Gangwon Province seeks to trace the wreckage of a fighter plane and two transport aircraft, ahead of underwater investigations scheduled for August, South Korea’s Ministry of Defense said in a statement.

The joint survey is being conducted by the Pentagon’s POW/MIA Accounting Agency and South Korea’s Ministry of National Defense Agency for KIA Recovery and Identification, which will collect materials, including information from local residents, as well as confirm the availability of medical decompression chamber facilities essential for underwater operations.

“Since 2024, I have been coming to Korea for three years to work with MAKRI to find traces of the heroes who fought in the war,” U.S. Marine Staff Sgt. Jordyn King, deputy team leader of the Pentagon’s DPAA investigation team in South Korea, said in a statement.

“During the one month given to us, we will carefully gather materials so that we can achieve good results in the future underwater investigation.”

Seoul said the survey covers three aircraft crash sites, including that of a transport plane that crashed on Nov. 15, 1952, after departing Gangneung Air Base for Pohang with nine people, including a South Korean service member, on board.

The plane suffered engine trouble mid-flight and crashed into the sea.

A second site is waters near Yangyang County, where a U.S. aircraft crashed on Feb. 21, 1952. The third is in waters near Gangneung, where a transport plane with 17 people on board crashed on Oct. 16 of that same year after suffering a mechanical problem.

“Just as we recover the remains of South Korean troops killed in action, we will spare no support in helping to find the war dead and missing of the U.S. military who helped us,” Lt. Col. Kim Seong-hwan, acting head of MAKRI, said in a statement.

The announcement comes months after the two agencies signed a memorandum of understanding in Arlington, Va., committing to the recovery and identification of remains of soldiers who were classified as missing during the Korean War of 1950-1953, which ended with an armistice.

According to a DPAA release announcing the signing in August, the agreement enhances cooperation and collaboration between the two agencies, while streamlining efforts to locate, excavate and identify the remains of fallen service members.

More than 1.8 million Americans served in the Korean War of 1950-1953, about 37,000 of whom were killed, more than 92,000 wounded and roughly 8,000 were listed as missing, according to Pentagon statistics.

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Distressed firms surge in South Korea amid high rates

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Illustration depicts rising corporate distress in South Korea, with the number of at-risk firms climbing to 3,364 in 2025. Graphic by Asia Today and translated by UPI

April 5 (Asia Today) — The number of financially vulnerable companies in South Korea has surged to a record high, with many firms struggling to cover even interest payments as high borrowing costs and weak domestic demand persist.

According to data from five major commercial banks, 3,364 companies were classified as at high risk of becoming distressed in 2025 credit assessments, up 828 from a year earlier. The figure marks the highest level since records began in 2005 and exceeds levels seen during the COVID-19 pandemic.

The increase reflects prolonged high interest rates and a slow recovery in domestic consumption, which have made it difficult for many firms to repay both principal and interest on loans.

More companies are also slipping into actual distress. Firms categorized as showing clear signs of financial trouble rose to 45, while those deemed unlikely to recover climbed to 98.

The strain is evident in broader financial indicators. The Bank of Korea said 46.4% of companies had an interest coverage ratio below 1 as of the third quarter of last year, meaning nearly half were unable to generate enough operating profit to cover interest expenses.

The rise in vulnerable firms is adding pressure on banks, which are already tightening lending standards. Non-performing corporate loans at the five major banks reached about 4.2 trillion won ($3.1 billion), even as overall corporate lending growth slowed.

Banks have responded by applying stricter credit risk assessments, but the rapid increase in troubled borrowers is raising concerns about asset quality in the financial sector.

Analysts warn that risks could grow further if geopolitical tensions in the Middle East continue to push up oil prices, fueling inflation and weakening corporate profitability.

A central bank official said prolonged external shocks could erode companies’ ability to service debt, potentially undermining financial stability.

— 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=20260406010001361

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S. Korea to deploy ‘Korean Iron Dome’ system by 2029

A launch vehicle of the Terminal High Altitude Area Defense (THAAD) system is seen at a U.S. military base in Seongju, North Gyeongsang Province, South Korea, 05 March 2026. File. Photo by YONHAP / EPA

April 3 (Asia Today) — South Korea will accelerate deployment of its long-range artillery interception system, known as the Korean Air and Missile Defense system, aiming to bring it into service by 2029, two years ahead of schedule.

The Defense Acquisition Program Administration said Thursday it approved a revised development and deployment plan during a Defense Acquisition Program Committee meeting.

Under the plan, the military will use prototypes to speed up deployment, advancing the timeline from the original target of 2031. The project was accelerated in response to North Korea’s expansion of long-range artillery capabilities.

The government plans to invest 842 billion won (about $630 million) in research and development for the system through 2030.

The system, under development by the Agency for Defense Development, is designed to intercept North Korea’s long-range artillery fired in large volumes at low altitudes and short ranges. Officials have said the system is intended to outperform Israel’s Iron Dome by engaging a greater number of incoming targets simultaneously.

Separately, the committee also approved plans to procure SM-3 ballistic missile interceptors from the United States by 2031 at a cost of 753 billion won (about $565 million). The missiles will be deployed on the King Jeongjo-class Aegis destroyers.

Additional measures approved include improvements to tactical information-sharing systems for joint South Korea-U.S. maritime operations, as well as a broader 2026-2030 defense industry development plan.

— 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=20260403010001025

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Lee says S. Korea, France agree to cooperate on safe passage through Strait of Hormuz

French President Emmanuel Macron (L) and South Korean President Lee Jae Myung (R) enter a welcome luncheon at the presidential Blue House in Seoul Friday. Photo by Yonhap

President Lee Jae Myung said Friday he and French President Emmanuel Macron agreed to work together to secure the safe passage through the Strait of Hormuz and mitigate the broad impact from the war in the Middle East.

Lee addressed concerns over uncertainties in global energy supply chains following summit talks with Macron, during which the two leaders discussed ways to deepen economic ties and strengthen coordination on security issues.

“President Macron and I agreed to share policy-related experiences and strategies in order to jointly address the economic and energy crises triggered by the Middle East war. We also concurred on working together to reduce uncertainty in the global economy,” Lee said during a joint press announcement.

“We confirmed our commitment to bolstering energy security by expanding our cooperation in the nuclear and offshore wind power sectors while collaborating to secure safe maritime transport routes through the Strait of Hormuz,” he added.

Lee said the two leaders also agreed to boost trade and investment with a goal of reaching $20 billion in annual bilateral trade by 2030, up from $15 billion last year.

To boost cooperation across sectors, the two sides signed a series of memorandums of understanding (MOUs) and other documents.

They pledged to expand cooperation in advanced technologies and future industries — including artificial intelligence, semiconductors and quantum technology — and to establish a ministerial-level joint committee on science and technology.

The two countries also signed a letter of intent on cooperation in critical mineral supply chains, aimed at combining South Korea’s manufacturing capabilities with France’s processing technology and infrastructure.

The state-run Korea Hydro & Nuclear Power signed MOUs with French nuclear firms, Orano and Framatome, as well as a separate MOU with France’s EDF on a joint development of an offshore wind power plant in the southwestern city of Yeonggwang.

Lee expressed hope that the agreements would ensure a stable supply of raw materials for South Korea’s nuclear power plants and lay the groundwork for joint entry into the global market.

He also laid out plans to cooperate in space and defense while pledging efforts to bolster collaboration in the cultural sector in light of an MOU signed between the two nations’ cultural heritage agencies.

During the talks, Lee said he explained Seoul’s efforts to resume dialogue with Pyongyang to promote peace on the Korean Peninsula, while Macron reaffirmed Paris’ support for peace and stability on the peninsula.

“We two leaders shared a profound understanding that peace on the Korean Peninsula has far reaching implications not just in Northeast Asia and Europe but also the rest of the world,” Lee said.

Lee noted that Seoul and Paris have expanded cooperation across a wide range of sectors, including future strategic industries, such as artificial intelligence, quantum technology, space, nuclear energy and defense, and expressed hope to deepen coordination on the international stage.

“As responsible members of the international community, the two countries are also working together to respond to rapid changes in the global landscape,” he said.

Lee said Macron extended a formal invitation to the Group of Seven summit scheduled for June in Evian, France, adding that he accepted the invitation. If he attends, it would mark his second consecutive appearance at the G7, following his participation in Canada last year.

Lee welcomed the two countries’ decision to upgrade ties from “a comprehensive partnership for the 21st century,” established in 2004, to “a global strategic partnership,” calling it “a new milestone” in bilateral relations built on 140 years of trust and friendship.

Macron struck a similar tone, expressing hope to expand cooperation across a broad range of areas, including artificial intelligence, quantum technology, semiconductors, space and culture, under the upgraded partnership.

He said that Seoul and Paris could strengthen security cooperation and work together to help stabilize the situation in the Middle East, including ensuring safe passage through the Strait of Hormuz.

The visit marks Macron’s first trip to South Korea since taking office in 2017 and the first by a French president in 11 years. It comes as the two countries mark the 140th anniversary of diplomatic relations, established with the signing of the Treaty of Friendship, Commerce and Navigation between France and the Joseon Dynasty (1392-1910).

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World Men’s Curling Championships: Scotland beat Germany and South Korea, face China next live on BBC

After the China tie, Team Whyte, who are ranked in the world’s top five but are making their debut at this level, continue the round-robin against Norway (02:00). They conclude it with matches against the Swiss and Czech Republic on Thursday, with the tie with Switzerland available to watch on the BBC Sport website and app.

Whyte – along with Robin Brydone, Euan Kyle and Craig Waddell – are representing Scotland after world top-ranked rink Team Mouat elected not to compete after their silver medal at the Olympics in Cortina earlier this year.

The top six progress, with the top two going straight into the semi-finals and the other four teams competing to join them.

“We have two tough games [on Wednesday] in China and Norway,” said Whyte.

“Both teams seem to be playing quite well, so if we can try to come out firing and put in some good performances then that would be great to allow in the last stage to maybe get us two more wins and hopefully secure us the semi-final spot.

“However, there are a lot of teams around that area that could easily also get that semi-final spot, so there a lot of big games still to be played, but we are feeling positive.”

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South Korea proposes $7.1B relief budget amid inflation, oil shock

Data provided by the Ministry of Economy and Finance. Graphic by Asia Today and translated by UPI

March 31 (Asia Today) — South Korea’s Ministry of the Interior and Safety proposed a 9.52 trillion won ($7.1 billion) supplementary budget on Monday to ease the impact of high oil prices and inflation driven by instability in the Middle East.

The plan includes direct cash payments ranging from 100,000 won to 600,000 won ($75 to $450) per person for low- and middle-income households, along with increased funding for local governments and youth employment programs.

The proposal was approved at a Cabinet meeting and will be submitted to the National Assembly for review.

At the center of the package is a 4.82 trillion won ($3.6 billion) relief program targeting the bottom 70% of income earners. Payments will vary depending on region and socioeconomic status.

Residents in the Seoul metropolitan area would receive 100,000 won ($75), while those outside the capital region would receive 150,000 won ($112). People living in areas facing population decline would receive between 200,000 won and 250,000 won ($150 to $187).

Additional support is aimed at vulnerable groups. Single-parent households and those in the near-poor category would receive 450,000 won ($337), rising to as much as 500,000 won ($375) for those outside the capital region. Recipients of basic livelihood assistance would receive 550,000 won ($412), or up to 600,000 won ($450) with regional adjustments.

The government estimates the program will cover about 32.56 million people in the bottom 70% income bracket, along with 360,000 near-poor and single-parent households and 2.85 million recipients of basic livelihood benefits.

Details such as eligibility criteria, payment timing and methods will be finalized through interagency consultations and announced separately.

The ministry also set aside 19.5 billion won ($14.5 million) for youth work experience programs, focusing on sectors such as caregiving, culture and environmental services. Officials said the initiative is designed to support young people facing increased employment uncertainty amid global economic volatility.

An additional 4.67 trillion won ($3.5 billion) in local government grants is included to help regional authorities respond quickly to local economic conditions and fund projects aimed at stabilizing livelihoods and boosting economic activity.

Interior and Safety Minister Yoon Ho-joong said the relief payments were structured to provide greater support to regions and populations facing deeper economic hardship.

“With growing external uncertainties, including the conflict in the Middle East, we will work closely with the National Assembly to ensure this budget serves as a stabilizing force for people affected by rising fuel costs and inflation,” Yoon said.

— 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=20260331010009533

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