Koreas

March 27 (Asia Today) — President Lee Jae-myung said Friday that building a peaceful Korean Peninsula while maintaining a strong defense is the historic mission left behind by South Korea’s fallen West Sea heroes.

Speaking at the 11th West Sea Defense Day ceremony at Daejeon National Cemetery, Lee said the 55 service members honored each year had protected not only a maritime boundary, but also the everyday peace South Koreans enjoy and the future their descendants deserve.

“Our task is to firmly protect our people and the territory of the Republic of Korea with strong national defense capabilities, while also building a peaceful Korean Peninsula free from the worries of war and hostility,” Lee said.

He said the waters defended by the fallen should no longer remain a symbol of conflict, but be turned into “a foundation of peace and prosperity.”

“Peace is our livelihood, and peace is the greatest security,” Lee said. “Winning a fight matters, but winning without fighting matters even more. More important still is a peace in which there is no need to fight.”

Lee said his government would work to end the legacy of confrontation and tension in the West Sea and open a new chapter of shared growth and prosperity.

He also paid tribute to the bereaved families, saying the government would remember the dead, preserve their record and honor them properly.

Lee said his administration was trying to close gaps in veterans support under the principle that special sacrifice deserves special compensation.

Beginning in May, spouses of financially struggling war veterans will receive monthly living support payments, he said.

Lee also said the government plans to expand the number of designated veterans medical institutions nationwide to 2,000 by 2030 so national meritorious persons can receive treatment more easily at nearby hospitals.

He said mandatory military service should be recognized as a legitimate social asset so former service members can take pride in their time in uniform.

To that end, Lee said the public sector will be required to count mandatory service periods when calculating pay grades and wages for discharged veterans.

West Sea Defense Day is a national commemoration honoring those killed in the Second Battle of Yeonpyeong on June 29, 2002, the sinking of the Cheonan on March 26, 2010, and the shelling of Yeonpyeong Island on Nov. 23, 2010.

Before the ceremony, Lee and first lady Kim Hye-kyung paid respects at the graves of those killed in the Second Battle of Yeonpyeong, the Yeonpyeong shelling, the 46 sailors killed in the Cheonan sinking and the late warrant officer Han Ju-ho.

— 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=20260327010008430

President Donald Trump (R) makes remarks as he stands with Prime Minster Sanae Takaichi of Japan during a dinner in the State Dining Room of the White House in Washington, DC, on Thursday, March 19, 2026. Earlier in the day, the President and Takeuchi exchanged views on Iran, energy, and issues in the Indo-Pacific region. Photo by Aaron Schwartz/UPI | License Photo

March 22 (Asia Today) — South Korea should maintain “strategic ambiguity” in responding to U.S. pressure over the Middle East crisis, experts said, as tensions surrounding Iran and the Strait of Hormuz intensify.

The call comes after Donald Trump urged allies including South Korea, Japan and European partners to play a greater role following U.S. and Israeli strikes on Iran, raising concerns in Seoul about balancing its alliance with Washington and broader diplomatic interests.

South Korean officials said they are taking a cautious approach and have not received formal requests from the United States regarding potential military deployment to the Strait of Hormuz.

The government is focusing on assessing the intent behind Trump’s remarks while weighing the risks of deeper involvement in the region.

The Strait of Hormuz, a critical global energy shipping route, has long been vulnerable to disruption. Analysts say any effort to secure maritime traffic would likely require multinational coordination rather than unilateral action.

Foreign ministers from the Group of Seven nations recently condemned Iran’s attacks on civilian infrastructure and said they are prepared to take steps to support global energy supplies, though the timing of any direct action remains unclear.

A Foreign Ministry official said stability in Middle Eastern shipping lanes is vital for South Korea and other major economies, noting that ensuring safe passage is a challenge that cannot be addressed by a single country.

Experts pointed to Japan’s approach under Sanae Takaichi as a potential model. Tokyo has prioritized its alliance with the United States while limiting direct military involvement, balancing energy security, international law and domestic public opinion.

Lee Ki-tae, a senior researcher at the Sejong Institute, said South Korea should similarly avoid automatic military intervention and instead preserve flexibility.

“Maintaining strategic ambiguity allows South Korea to uphold its alliance while avoiding immediate alignment with any one side,” he said.

Park Won-gon, a professor at Ewha Womans University, said logistical and political constraints also support a cautious stance. He noted that deploying naval forces would require parliamentary approval, a process that could take about two months.

He added that evolving and sometimes inconsistent messaging from Washington further underscores the need for careful deliberation.

— 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=20260323010006558

March 6 (Asia Today) — South Korean President Lee Jae-myung’s approval rating rose to 65%, matching its highest level since he took office, according to a new national poll released Thursday.

A survey conducted by Korea Gallup from Monday through Wednesday among 1,001 adults nationwide found 65% of respondents approved of Lee’s job performance, up 1 percentage point from the previous week. Negative evaluations fell 1 point to 25%.

The poll shows Lee’s approval rating has increased steadily in recent weeks, rising from 63% in mid-February to 64% in late February and reaching 65% in the latest survey.

The figure matches the peak level recorded in early July shortly after Lee’s administration began, marking a return to the highest level in about eight months.

Regionally, approval exceeded 60% in most parts of the country, except in the conservative strongholds of Daegu and North Gyeongsang Province, where support stood at 49%, and Busan, Ulsan and South Gyeongsang Province, where it reached 58%.

Support was strongest in Gwangju and South Jeolla Province, where Lee recorded a 94% approval rating.

Across age groups, approval ratings exceeded 50% among all generations. Support was highest among voters in their 40s at 79% and those in their 50s at 77%. Among centrist voters, approval reached 70%.

Respondents who evaluated Lee positively most frequently cited economic and livelihood policies at 18%, followed by real estate policy at 16% and foreign policy at 11%.

Among those with negative views, the most common reasons included dissatisfaction with real estate and economic policies at 13%, concerns about changes to laws at 8% and criticism of authoritarian leadership at 7%.

— 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=20260306010001693

March 6 (Asia Today) — South Korea’s ruling Democratic Party has recently increased its engagement with major companies and business groups, a shift analysts say reflects growing economic uncertainty and the political importance of economic performance.

Party leaders have held a series of meetings with industry representatives while launching policy initiatives such as a “KOSPI 5000” special committee and a task force reviewing economic criminal penalties and business regulations.

The outreach marks a change from the party’s earlier image as primarily focused on regulation, positioning itself instead as a listener to industry concerns.

The move comes as tensions in the Middle East, potential U.S. tariff measures and volatility in financial markets raise economic risks. Political leaders have increasingly addressed these issues directly, as economic developments quickly translate into political and legislative debates.

On Wednesday, the Democratic Party held a meeting with business leaders to discuss risks stemming from the Middle East conflict and possible U.S. trade tariffs. Participants discussed concerns including potential disruptions to projects in the Middle East, export slowdowns and measures to stabilize financial markets.

Party officials have also held policy discussions with the Korea Chamber of Commerce and Industry while continuing work through the KOSPI 5000 committee on capital market reforms. Another task force has been examining ways to adjust criminal penalties related to economic activity and ease regulations that business groups say hinder corporate operations.

Economic risks increasingly shape political debate

Analysts say economic shocks are now quickly becoming political issues.

Recent disagreements between the ruling party and opposition lawmakers over legislation tied to investment cooperation with the United States delayed discussions in a parliamentary special committee for several weeks, illustrating how economic policy disputes can quickly turn into political battles.

Economic performance influences political approval

Academic research has also shown that economic conditions can influence political approval and election outcomes.

A study published in a Korean academic journal examining presidential approval ratings from 1993 to 2019 found statistically significant links between approval ratings and macroeconomic variables such as interest rates and inflation.

Research by scholars at Seoul National University also found that voting behavior in South Korea cannot be explained solely by regional political loyalties and is strongly influenced by voters’ economic evaluations.

Similar findings appear in international research, including a study from the University of Cambridge that examined how personal economic conditions and perceptions of national economic performance affect voting decisions in South Korea.

Corporate performance tied to government finances

South Korea’s fiscal structure is another reason the ruling party is expanding contact with businesses, analysts say.

According to the National Assembly Budget Office, national tax revenue in 2024 totaled about 336.5 trillion won ($253 billion), down 7.5 trillion won ($5.6 billion) from the previous year.

Corporate tax revenue alone fell by about 17.9 trillion won ($13.5 billion), making it one of the main reasons for the overall decline in tax revenue.

For the administration of President Lee Jae-myung, which has promoted a broader welfare framework described as a “basic society,” maintaining corporate growth and investment has become increasingly important to sustaining tax revenues needed for expanded public spending.

Still, analysts caution that the ruling party’s outreach should not necessarily be interpreted as a shift toward a pro-business policy stance.

Business groups have continued to raise concerns about legislation such as revisions to the Commercial Act and labor-related bills sometimes referred to as the “Yellow Envelope Law,” which they argue could weaken corporate governance protections.

Some lawmakers have therefore adopted what observers describe as a two-track approach – consulting with companies while continuing to pursue regulatory legislation.

Analysts say the recent outreach to business leaders reflects a broader political strategy combining economic crisis management, legislative coordination and efforts to maintain political support.

— 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=20260306010001790

SEOUL, March 5 (UPI) — South Korean zinc producer Young Poong has become embroiled in a new controversy with shareholder KZ Precision, which manufactures hydraulic equipment.

Young Poong, a major shareholder of the world’s largest non-ferrous metals producer Korea Zinc, said Wednesday that it has brought KZ Precision, an affiliate of Korea Zinc, to court.

Young Poong accused KZ Precision of deliberately creating an illegal cross-shareholding structure during the Korea Zinc management control dispute ahead of Korea Zinc’s shareholders’ meeting early last year.

Young Poong alleged that KZ Precision sold its shares in Young Poong to an Australian-based Korea Zinc subsidiary with the aim of restricting Young Poong’s voting rights over Korea Zinc.

Over the past year, Korea Zinc has sought to fend off a takeover bid from Young Poong, which has joined with Korea’s top private equity firm, MBK Partners.

“We have filed a damages lawsuit against KZ Precision as our shareholder value was harmed by an unlawful restriction of voting rights,” Young Poong said in a statement.

“As the largest shareholder of Korea Zinc, we will keep playing a responsible role in normalizing the company’s corporate governance and enhancing shareholder value,” it added.

Meanwhile, KZ Precision criticized Young Poong’s management.

“Young Poong’s corporate value, reputation and internal control system have been damaged to an irreparable extent, resulting in adverse effects on shareholder value,” KZ Precision said in a statement.

“The current management of Young Poong was hesitant to make capital investments, which caused the corporation to lose competitiveness in its core smelting business and accumulate losses,” it said.

Young Poong has suffered from operating losses over the past few years, totaling $50 million in 2021, $74 million in 2022, $97 million in 2023, and $60 million in 2024. The Seoul-based company has yet to disclose last year’s results.

KZ Precision also took issue with the environmental concerns involving Young Poong, whose smelter operations in Korea were suspended for two months last year after discharging polluted wastewater without approval.

In response to Young Poong’s claim that it has channeled hundreds of millions of dollars to improve the environment around its smelter, KZ Precision argued that there may be accounting irregularities, which are reportedly under investigation by regulators.

Kim Jong Un supervised the launch of sea-to-surface ‘strategic cruise missiles’ from country’s new naval destroyer.

North Korean leader Kim Jong Un has overseen the test-firing of “strategic cruise missiles” from a new 5,000-tonne naval destroyer before the vessel’s official commissioning, according to state media.

Kim supervised the launch of sea-to-surface missiles from the destroyer Choe Hyon on Wednesday, assessing the test as a “core” element of the new warship’s capabilities, which he described as a “new symbol of sea defence” for his country.

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Calling for the production of more warships of a similar class or better, Kim said his navy’s adoption of nuclear weapons was making progress.

“Our Navy’s forces for attacking from under and above water will grow rapidly. The arming of the Navy with nuclear weapons is making satisfactory progress,” Kim said at the Nampo Shipyard in the west of the country, according to North Korea’s official Korean Central News Agency (KCNA).

“All these successes constitute a radical change in defending our maritime sovereignty, something that we have not achieved for half a century,” he said.

South Korea’s official Yonhap news agency noted that North Korea uses references to “strategic” weapons to indicate they could have nuclear capabilities.

According to KCNA, over a two-day visit to the shipyard, spanning Tuesday and Wednesday, Kim inspected the Choe Hyon, the lead vessel in a new series of 5,000-tonne “Choe Hyon-class” destroyers currently under construction in North Korea.

‘Wage a more active and persistent struggle’

In May 2025, North Korea’s ambitious naval modernisation programme suffered a major setback when a second Choe Hyon-class destroyer capsized during a botched side-launch ceremony at Chongjin Shipyard, an incident witnessed by the Korean leader.

Later, and in a rare admission of failure, KCNA reported that a launch mechanism malfunction caused the stern of the 5,000-tonne destroyer to slide prematurely into the water. The accident crushed parts of the hull and left the bow stranded on the shipway.

At the time, Kim characterised the launch failure as a “criminal act”, blaming the incident on “absolute carelessness” and “irresponsibility” across multiple state institutions.

This week’s missile tests come after the North Korean leader pledged in late February to lift living standards as he opened a rare congress of the governing Workers’ Party, held once every five years.

Kim told the congress that the ruling party was “faced with heavy and urgent historic tasks of boosting economic construction and the people’s standard of living”.

“This requires us to wage a more active and persistent struggle without allowing even a moment’s standstill or stagnation,” he said.

North Korea has prioritised nuclear weapons development and military strength above all else, claiming that it must be militarily strong to resist pressure from the United States and its ally, South Korea.

Since taking power in late 2011, Kim has maintained the military as a core priority while simultaneously emphasising economic strengthening to address the country’s chronic impoverishment.

March 3 (Asia Today) — North Korea’s ninth congress of the Workers’ Party, held in Pyongyang from Feb. 19 to 25, reinforced leader Kim Jong Un’s centralized rule and reaffirmed the country’s nuclear posture, according to Cho Young-ki, secretary general of the Korea Foundation for the Advancement of the Korean Peninsula.

The party congress, convened every five years as the party’s highest decision-making body, drew about 5,000 delegates. It reviewed the Central Committee’s work, revised party rules and elected key leadership posts. Cho wrote that while the congress is formally tasked with deliberation, it primarily ratifies decisions already made by Kim and the leadership.

Kim declared that the past five years produced economic achievements “worthy of pride” despite internal and external challenges and said the country had permanently secured its status as a nuclear power. He pledged to pursue qualitative economic development under a “people-first” principle in the next five-year period.

Kim also defined inter-Korean relations as those between hostile states, dismissed Seoul’s reconciliation policies and reiterated North Korea’s nuclear deterrence. At the same time, he left open the possibility of negotiations with the United States if Washington withdraws what Pyongyang calls a hostile policy.

A key feature of the congress was renewed emphasis on what the regime calls a “Five-Point Party Building Line,” first proposed in 2022 and formalized in 2023. The line centers on strengthening political, organizational, ideological, disciplinary and work-style controls within the party.

Cho argued that reaffirming the five-point line formalizes Kim’s governing ideology and tightens centralized discipline under a party-centered system. The congress re-elected Kim as general secretary, revised party rules and reshuffled leadership posts.

Notably, the Political Bureau Standing Committee expanded from four to five members, and Kim’s sister, Kim Yo Jong, was reinstated and promoted, reinforcing what Cho described as a patronage structure around the leader. Twenty-three of 39 executive members were replaced in a generational reshuffle. Senior official Choe Ryong Hae was reported to have stepped back from his previous role near the top of the hierarchy.

Cho wrote that the five-point line ultimately serves to justify and entrench Kim’s centralized authority. He argued that the congress underscores North Korea’s lack of intention to abandon its nuclear weapons and signals a hardening of its stance toward South Korea.

Since the mid-1990s, Cho wrote, South Korea has operated under what he described as illusions that goodwill or dialogue alone could persuade Pyongyang to denuclearize. He said the latest congress challenges those assumptions.

Cho concluded that outside information remains one of the few factors that authoritarian systems fear. He pointed to North Korean laws enacted in recent years aimed at blocking foreign cultural and ideological influence, arguing they reflect the regime’s sensitivity to external information flows.

He said South Korea has a responsibility to expand technological and institutional means for North Koreans to access outside information, enabling independent thought and action.

Cho Young-ki, secretary general of the Korea Foundation for the Advancement of the Korean Peninsula and former professor at Korea University

※ The views expressed in this column are those of the author and may not reflect the position of this publication.

— 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=20260303010000561