Seoul

SEOUL, July 23 (UPI) — South Korea’s Joint Chiefs of Staff on Thursday warned that landmines laid by North Korea in the Demilitarized Zone may have been washed into the South after recent heavy rainfall.

“There is a very high possibility that these washed-away landmines could flow into our territory via the rivers shared between the two Koreas, and an explosion of these landmines could cause significant damage,” JCS spokesman Capt. Jang Do-young said during a regular press briefing.

Jang urged the public to be cautious when near inter-Korean rivers and to report any suspected landmine to police or a nearby military unit.

The alert comes days after South Korean authorities issued a flood warning for the Imjin River following heavy downpours and North Korea’s release of water from a dam without advance notice.

Seoul’s Ministry of Climate, Energy and Environment said Monday that satellite imagery confirmed water had been released from North Korea’s Hwanggang Dam on the upper reaches of the Imjin River.

A Unification Ministry official on Tuesday said joint responses to natural disasters should be treated as humanitarian matters.

“Responsible cooperation between the two sides is necessary,” the official told reporters.

An unannounced discharge from Hwanggang Dam in September 2009 caused flooding that killed six South Koreans. The following month, North Korea agreed to provide advance notice before future releases. Pyongyang sent notifications on a handful of occasions in 2010 and 2013 but has not done so since.

North Korea released water from the dam several times during last year’s monsoon season, prompting the Unification Ministry to publicly urge Pyongyang to provide advance notice. A ministry spokeswoman said the appeal served as a form of “indirect communication” because Pyongyang had cut off inter-Korean communication channels in April 2023.

Thursday’s warning also comes as Pyongyang continues an extended campaign to fortify the border and harden its military posture toward South Korea, including laying large numbers of landmines inside the DMZ.

North Korean leader Kim Jong Un declared the South a “hostile state” and scrapped an inter-Korean military agreement in late 2023.

Beginning in April 2024, Pyongyang ramped up activity along the DMZ by clearing land, laying mines, reinforcing tactical roads and installing anti-tank barriers near the Military Demarcation Line.

South Korean military officials have said North Korea increased the number of troops assigned to the work from roughly 1,000 last year to about 5,000 this year.

Seoul’s Defense Ministry last month described the activity as a violation of the armistice agreement that halted fighting in the 1950-53 Korean War, an assessment later contradicted by the U.S.-led United Nations Command.

July 22 (Asia Today) — Seoul Mayor Oh Se-hoon was fined 10 million won ($6,600) Wednesday after a court found him guilty of having a political supporter pay for opinion polls he commissioned before the 2021 mayoral by-election.

Oh would lose his position as mayor if the sentence is upheld by the Supreme Court. He rejected the ruling and said he would appeal immediately.

The Seoul Central District Court also ordered Oh to forfeit 21 million won ($13,900).

Former Seoul Vice Mayor for Political Affairs Kang Chul-won, who was indicted with Oh, was fined 3 million won ($2,000). Businessman and political supporter Kim Han-jung was fined 5 million won ($3,300).

Prosecutors accused Oh of receiving the results of 10 private opinion polls from political broker Myung Tae-kyun before the April 7, 2021, Seoul mayoral by-election.

They alleged that Oh instructed Kang, then his chief of staff, to have Kim pay about 33 million won ($21,900) in polling costs.

The court found Oh guilty of arranging payment of 21 million won for five polls, including three that were not intended for publication and two that were released publicly.

The court said Oh complained when poll results were unfavorable and sought to delay their release to minimize their negative effect.

“The commissioning and payment of the polls were also connected to an effort to publish and report candidate-commissioned opinion polls prohibited under the Public Official Election Act,” the court said. “The nature of the offense is serious.”

The court said Oh had previously served as Seoul mayor and should have been familiar with the purpose and requirements of the Political Funds Act.

It also said he led the offense but repeatedly attempted to avoid responsibility during the trial by presenting arguments the court found difficult to accept.

Oh disputed the ruling after leaving the courthouse.

“The court found five opinion polls unlawful today, but I cannot accept that conclusion,” Oh told reporters. “The correct decision would have been to find me not guilty on every count.”

Oh said the conviction was based on Myung’s statements and circumstantial evidence rather than direct evidence.

His legal team said in a statement that it regretted the court’s decision to convict Oh without objective evidence.

“It is difficult to accept a conclusion reached by piecing together some of Myung’s exaggerated statements and various circumstances,” the statement said.

The defense said it would file an immediate appeal.

The case is governed by an expedited trial provision requiring a first-trial ruling within six months of indictment and appellate and Supreme Court rulings within three months of the preceding decision.

A final Supreme Court ruling is expected by January at the latest.

— 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=20260722010008156

South Korea’s proposed cooperation with the North Atlantic Treaty Organization (NATO) is aimed at enhancing their own respective contributions to global peace and stability, Seoul’s foreign ministry said Tuesday, in its first response to recent concerns by Russia over what it described as growing military cooperation between Seoul and NATO.

“Cooperation between South Korea and NATO is aimed at strengthening each side’s capabilities across various sectors, including defense industry, new technologies and cybersecurity, so as to reinforce each side’s role and contribution to international peace and stability,” the ministry told Yonhap News Agency in a written statement.

“In addition, our government continues to hold necessary communication with the Russian side to stably manage South Korea-Russia relations and protect our people and companies,” it added.

Russia’s foreign ministry has expressed displeasure over Seoul’s deepening military cooperation with NATO, according to Russia’s Tass news agency.

“The Russian side expressed serious concern over Seoul’s growing drift toward NATO, as demonstrated, among other things, by the Republic of Korea’s practical steps to deepen military and military-technical cooperation with NATO, the consequences of which pose a threat to Russia’s security,” the ministry said in a statement Thursday.

Moscow further argued that Seoul’s growing cooperation with NATO made it a “de facto participant in NATO’s qualitative and quantitative rearmament process, as the alliance has openly declared its preparations for war with Russia.”

The Russian statement came after South Korean President Lee Jae Myung attended the NATO summit in Ankara earlier this month as one of the alliance’s four Asia-Pacific partners, marking his first appearance at NATO’s annual top-level gathering.

At a NATO summit defense industry forum, Lee proposed elevating South Korea-NATO defense cooperation to a “Korea-NATO Defense Industry Partnership 2.0″ to expand cooperation beyond weapons system transactions to joint research, production and operation in the defense sector.

“Our government is pushing for cooperation with various countries and international organizations, including NATO, under its principle of pursuing practical diplomacy centered on national interests,” the foreign ministry said.

Still, it added, “The country will continue to closely work with the international community while closely monitoring the related developments, as the prolonged Russia-Ukraine war and the military cooperation between North Korea and Russia are issues that have a negative effect on international peace and security on the Korean Peninsula and the region.”

Pyongyang and Moscow have repeatedly and publicly reaffirmed their commitment to strengthening their bilateral cooperation since signing a comprehensive strategic partnership treaty two years ago.

North Korea has also sent around 15,000 combat troops and conventional weapons to Russia to support Moscow’s war against Ukraine, Seoul’s spy agency has said.

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July 19 (Asia Today) — A South Korean parliamentary committee investigating a ballot shortage during the June 3 local elections is divided over whether to publicly recount about 2.48 million ballots stored at a counting center in Seoul.

The ruling Democratic Party argues that the recount should begin promptly because establishing a special counsel investigation would take time.

The opposition People Power Party says lawmakers should first pursue legislation authorizing a special counsel to determine who was responsible for the ballot shortage.

The National Assembly’s special investigation committee is considering a public recount of 2,476,661 ballots stored at the Olympic Park counting center in Seoul’s Songpa District.

The disagreement over whether to prioritize the recount or the special counsel investigation could determine how the committee proceeds with its inquiry.

Rep. Yoon Sang-hyun of the People Power Party, who chairs the committee, said the recount and special counsel investigation should proceed simultaneously.

“A recount and a special counsel investigation are not alternatives,” Yoon wrote on Facebook.

“A public recount is a process for verifying the facts before the people, while a special counsel investigation is a process for determining responsibility in accordance with the law and principles,” he said.

Yoon said a recount could not replace a special counsel investigation and that an investigation could not eliminate the need for a recount.

“Transparent verification and a thorough investigation must proceed together,” he said.

Other People Power Party members of the committee have indicated that establishing a special counsel investigation should take priority.

Rep. Choi Bo-yoon told reporters that lawmakers had not determined the legal procedure under which a recount could be conducted.

“We have to question whether it is appropriate to set the recount schedule first under these circumstances,” Choi said.

She said the People Power Party wanted discussions on a special counsel to proceed quickly so the necessary legislation could be passed.

Rep. Seo Beom-su, the committee’s opposition secretary, was reportedly coordinating opinions within the party and considering a compromise.

The Democratic Party argues that an open, manual recount should be conducted first to resolve questions surrounding the ballot shortage.

Democratic Party floor leader Han Byung-do said his party had proposed an immediate public recount and manual count to ensure no doubts remained.

“The People Power Party, which had demanded a recount, has now changed its position and says a special counsel investigation must come first,” Han said during a party policy meeting at the National Assembly.

Han accused the opposition party of lacking genuine interest in determining whether voters’ political rights had been violated.

The committee is expected to discuss whether to conduct the public recount and what verification procedures to use during its second hearing Wednesday.

— 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=20260720010006654

Seoul shares again plummeted Thursday, led by steep losses in technology heavyweights, as escalating tensions in the Middle East weighed on investor sentiment. The Korean won rose against the U.S. dollar.

After opening 4.45 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) extended its losses to close at 6,820.60, down 463.81 points, or 6.37 percent from the previous session, after falling as low as 6,730.87.

The Korea Exchange, the country’s bourse operator, activated a sell-side sidecar on the KOSPI for 20 minutes at around 9:10 a.m. after the benchmark index fell more than 5 percent.

The decline came after the index surged 6.24 percent Wednesday as softer-than-expected U.S. inflation data eased concerns about near-term Federal Reserve interest rate hikes.

Adding to investor jitters, the Bank of Korea (BOK) raised its benchmark interest rate by a quarter percentage point to 2.75 percent earlier in the day, the first increase in 3 1/2 years, to curb inflation amid escalating tensions in the Middle East.

The U.S. launched fresh strikes on Iran, escalating tensions in the Middle East and renewing concerns over potential disruptions to regional energy supplies.

“Profit-taking followed sharp gains in technology stocks a session earlier, while persistent concerns over the semiconductor industry kept the index under pressure,” Kang Jin-hyeok, an analyst at Shinhan Securities Co., said.

Institutional and foreign investors sold a net 2.37 trillion won (US$1.6 billion) and 1.38 trillion won worth of shares, respectively, while retail investors bought a net 3.66 trillion won.

Technology stocks led the decline.

Market bellwether Samsung Electronics plunged 8.77 percent to 255,000 won, while rival chipmaker SK hynix tumbled 11.53 percent to 1,842,000 won.

Top automaker Hyundai Motor fell 2.07 percent to 425,000 won, while steelmaker POSCO Holdings slipped 0.95 percent to 311,500 won.

Among gainers, shipbuilder Hanwha Ocean rose 5.73 percent to 86,700 won, while leading beverage firm Hitejinro gained 2.47 percent to 14,910 won.

The Korean won was quoted at 1,480.4 won against the U.S. dollar at 3:30 p.m., up from 1,484.7 won the previous session.

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Seoul shares plunged 9 percent Monday as investors dumped technology stocks for profit-taking amid renewed tensions in the Middle East. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 669.01 points, or 8.95 percent, to close at 6,806.93 after falling as low as 6,783.43.

Trade volume was moderate at 469.86 million shares worth 39.8 trillion won (US$26.5 billion), with decliners far outnumbering gainers 713 to 179.

Institutions and foreigners sold a net 2.22 trillion won and 1.7 trillion won worth of shares, respectively, while individuals bought a net 3.9 trillion won.

After opening 0.85 percent lower, the KOSPI extended its losses, triggering a circuit breaker that temporarily halted trading of KOSPI-listed stocks for 20 minutes. It marked the seventh activation of the measure this year.

On Friday, U.S. stocks advanced, buoyed by South Korean chipmaker SK hynix’s multibillion-dollar U.S. share offering. The Dow Jones Industrial Average gained 0.29 percent, while the tech-heavy Nasdaq Composite also rose 0.29 percent.

SK hynix’s American depositary receipts (ADRs) on the Nasdaq closed at US$168 each, well above the offering price of $149.

Despite the successful U.S. market debut, SK hynix shares tumbled as investors took profits and shifted to the company’s ADRs, analysts said.

Investor sentiment was also dampened by heightened uncertainty in the Middle East after the United States and Iran exchanged fresh strikes over the status of the Strait of Hormuz.

“The country’s newly introduced single-stock leveraged exchange-traded funds linked to Samsung Electronics and SK hynix continued to fuel volatility in the stock market,” Samsung Securities said in a research note.

Tech stocks led the decline.

Market bellwether Samsung Electronics plunged 10.7 percent to 254,500 won, while its chipmaking rival SK hynix plummeted 15.37 percent to 1,845,000 won.

Top carmaker Hyundai Motor fell 2.95 percent to 444,000 won, and defense giant Hanwha Aerospace declined 3.21 percent to 936,000 won.

Among gainers, leading battery maker LG Energy Solution rose 0.77 percent, and leading refiner SK Innovation climbed 7.09 percent to 110,200 won.

The Korean won was quoted at 1,503.4 won against the U.S. dollar at 3:30 p.m., down 2 won from the previous session.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys rose 4.1 basis points to 3.809 percent, and the return on the benchmark five-year government bonds climbed 3.3 basis points at 4.041 percent.

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South Korean stocks closed higher Friday, extending their winning streak to a second consecutive session, as semiconductor shares rallied following overnight gains on Wall Street. The local currency gained ground against the U.S. dollar.

After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) added 184.03 points, or 2.52 percent, to close at 7,475.94.

Trade volume was moderate at 449.53 million shares worth 31.16 trillion won (US$20.73 billion), with gainers far outnumbering losers 799 to 92.

Institutions purchased a net 1.13 trillion won worth of shares, while individuals and foreigners sold a net 772.82 billion won and 322.56 billion won, respectively. Foreign investors turned net sellers after two consecutive sessions of net buying.

After opening more than 3 percent higher, the KOSPI climbed as much as 5.7 percent during the session, triggering a buy-side sidecar that temporarily halted program trading in KOSPI-listed shares for five minutes. It marked the third activation of the trading curb this week.

The KOSPI gave up some of its earlier gains in afternoon trading as investors locked in profits.

Investor sentiment improved after U.S. stocks closed higher overnight, supported by a strong rebound in semiconductor shares and easing oil prices.

The Dow Jones Industrial Average gained 0.27 percent, while the S&P 500 rose 0.81 percent. The tech-heavy Nasdaq Composite climbed 1.3 percent.

In Seoul, large-cap stocks finished broadly higher.

Semiconductor heavyweight Samsung Electronics went up 2.52 percent to 285,000 won.

In contrast, SK hynix edged down 0.27 percent to 2.18 million won after opening higher. The company is set to make its debut on the tech-heavy Nasdaq through the listing of its American depositary receipts (ADRs).

“Investor sentiment toward the semiconductor sector improved as Meta’s capital spending plans and Micron’s investment outlook helped ease concerns about the industry’s prospects,” said Lee Kyung-min, an analyst at Daeshin Securities. “Strong investor demand for SK hynix’s ADR offering also supported sentiment toward semiconductor stocks, adding upward momentum to the broader market.”

Artificial intelligence investment firm SK Square advanced 6.18 percent to 1.41 million won, while chip components maker Samsung Electro-Mechanics gained 6.1 percent to 1.58 million won.

The Korean won was quoted at 1,501.4 won against the U.S. dollar at 3:30 p.m., up 4.7 won from the previous session.

Bond prices, which move inversely to yields, closed higher. The yield on three-year Treasurys went down 1 basis point to 3.768 percent, and the return on the benchmark five-year government bonds lost 0.8 basis point at 4.008 percent.

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Seoul shares plummeted nearly 5 percent Tuesday as technology stocks extended losses after Samsung Electronics Co. released its preliminary second-quarter earnings estimate. The Korean won fell against the U.S. dollar.

After opening 1.6 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) extended losses, falling 395.02 points, or 4.91 percent, to close at 7,656.31.

Trade volume was heavy at 512.29 million shares worth 39.66 trillion won (US$25.9 billion), with decliners outnumbering gainers 509 to 358.

Institutions and foreigners sold a net 309.1 billion won and 2.92 trillion won worth of stocks, respectively, while individuals purchased a net 3.13 trillion won.

Technology stocks plunged on profit-taking after Samsung Electronics estimated its operating profit for the April-June period at 89.4 trillion won, beating market forecasts.

Investors are now focusing on whether rising capital spending, intensifying competition and expanding production capacity will generate the earnings growth needed to justify elevated valuations of technology companies, analysts said.

In Seoul, technology shares led the decline.

Market bellwether Samsung Electronics plunged 6.92 percent to 296,000 won, while chip giant SK hynix declined 6.06 percent to 2,201,000 won ahead of its planned US$29 billion U.S. listing later this week.

Top carmaker Hyundai Motor dropped 4.48 percent to 479,000 won, and defense company Hanwha Aerospace shed 3.19 percent to 1,122,000 won.

Hanwha Ocean plunged 22.65 percent to 89,800 won after a South Korean consortium that includes the shipbuilder failed to win Canada’s multibillion-dollar submarine procurement project.

Among gainers, cosmetics maker Amorepacific rose 4.2 percent to 126,500 won, and leading refiner SK Innovation climbed 7.56 percent to 103,800 won.

The Korean won was trading at 1,528.20 won per U.S. dollar as of 3:30 p.m., down 2.1 won from the previous session.

The Korea Exchange (KRX), the country’s bourse operator, meanwhile, activated a circuit breaker for the benchmark index, suspending trading of KOSPI-listed shares for 20 minutes after the index plunged more than 8 percent during the session.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys rose 0.4 basis point to 3.780 percent, and the return on the benchmark five-year government bonds climbed 0.8 basis point to 3.999 percent.

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Seoul Mayor Oh Se-hoon promised Wednesday to provide more opportunities for the younger generation, who are facing severe economic threats, including drastic changes in the job market, as he began his fifth term at the helm of the city government.

Oh was reelected for a fifth term in the June 3 local elections — the first such case in South Korea’s political history. During his inauguration ceremony held at Seoul City Hall, he delivered five pledges, including providing Seoul’s youth with education and housing.

“Today’s youths are facing great pressure to survive more than ever before amid rapid job transformations, technological shifts and high housing prices,” the newly inaugurated mayor said.

Oh said he would ensure that every young citizen can learn and utilize artificial intelligence (AI) so that no one gets isolated from ongoing technological developments.

“I will make a Seoul where people can grow as much as they work and be recognized solely for their skills,” he emphasized.

Oh also promised to supply 310,000 newly built housing units by 2031 and complete urban railway projects to open an era where “a subway station is within a 10-minute walk of every home.”

He further pledged to create a city where residents can find a place to exercise within a 10-minute walk from their homes and vowed to revitalize local commercial districts by providing comprehensive support for small business owners.

“Making Seoul a global top three city is not just about raising its international ranking,” Oh said. “It means transforming it into a city where global citizens want to visit and where our residents want to live for a lifetime.”

Oh previously served his first two terms as the capital’s mayor from 2006 to 2011, when he voluntarily stepped down after losing a municipal referendum on a citywide free lunch program.

Following a decadelong hiatus from public office, Oh made a dramatic comeback by winning the 2021 mayoral by-election, stepping into his third term. After finishing his third term and winning reelection in 2022, he served his full fourth term until this year.

“I will work with the mindset that true achievements are only those felt by the citizens,” Oh said.

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South Korean stocks ended nearly 1 percent higher Tuesday, led by gains in technology shares, as investors watched for a possible resumption of U.S.-Iran talks in Qatar aimed at easing tensions in the Strait of Hormuz. The Korean won weakened against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 81.83 points, or 0.97 percent, to close at 8,476.47.

Investor sentiment improved after the United States and Iran were set to resume talks in Qatar aimed at easing tensions in the Strait of Hormuz, alleviating concerns over a prolonged disruption to global oil supplies.

Overnight, Wall Street rebounded sharply as investors returned to tech stocks.

The Dow Jones Industrial Average gained 0.59 percent to close at a record high, while the Nasdaq composite jumped 2.07 percent and the S&P 500 advanced 1.18 percent.

Crude prices rose modestly as investors monitored implementation of the U.S.-Iran peace framework.

Trade volume was moderate at 444.61 million shares worth 41.08 trillion won (US$26.51 billion), with losers outnumbering losers 621 to 261

Institutions and individuals bought a net 2.93 trillion won and 833.45 billion won worth of shares, respectively, while foreigners sold a net 3.79 trillion won.

“Investors scooped up semiconductor shares following recent losses, while IT infrastructure and electricity stocks rose on hopes for major investment in semiconductor infrastructure in the southwestern region announced by the government and chipmakers,” said Lee Kyoung-min, an analyst at Daishin Securities.

Tech shares lifted the overall market.

Market bellwether Samsung Electronics rose 3.41 percent to 334,000 won, and chip giant SK hynix gained 0.84 percent to 1.65 million won. SK Square, the parent of SK hynix, advanced 3.48 percent to 1.69 million won.

Chip components maker Samsung Electro-Mechanics jumped 7.16 percent to 1.18 million won after announcing a 454 billion-won supply deal for multilayer ceramic capacitors (MLCCs) for artificial intelligence servers to a U.S.-based customer.

Battery shares retreated on profit-taking after sharp gains the previous session.

LG Energy Solution plunged 9.61 percent to 362,000 won, and its smaller rival Samsung SDI sank 4.88 percent to 487,000 won.

The Korean won was quoted at 1,549.4 won per U.S. dollar as of 3:30 p.m., down 4.2 won from the previous session.

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SEOUL, June 26 (UPI) — North Korean leader Kim Jong Un oversaw tests of a new rocket launcher system and other weapons as part of a plan to bolster firepower along the inter-Korean border, state-run media reported Friday, highlighting Pyongyang’s continued effort to modernize conventional weapons capable of threatening the Seoul metropolitan area.

The new weapons, tested at an undisclosed location Thursday, included an upgraded 240mm 24-tube multiple rocket launcher with an automated guidance system and an extended range of 56 miles, the official Korean Central News Agency reported.

Also tested were shells for a 155mm self-propelled howitzer with an extended range of 40 miles and a special warhead for a tactical ballistic missile. KCNA said the warhead was “aimed at inflicting fatal damage on major targets including airfields, ports and power facilities of the enemy.”

Kim described the launches as a demonstration of the “great technological progress” made in implementing the party’s policy of “bringing about a change in the fire posture on the southern border.”

He added that the policy was intended not only to strengthen defenses but also to build a “deadly and destructive offensive posture to make no enemy dare to confront.”

Seoul, home to more than 10 million people, lies roughly 30 miles from the border, while the surrounding Gyeonggi Province is one of South Korea’s most densely populated and industrialized regions.

The tests come amid an extended push by Pyongyang to harden its military posture toward South Korea. Last month, Kim called for strengthening frontline defenses along the border to create an “impregnable fortress,” and Thursday’s weapons tests appear to represent the firepower component of that broader effort.

North Korea has ramped up fortification work near the Military Demarcation Line inside the DMZ, including the installation of barbed-wire fencing and preparations for mine-laying operations. South Korea’s Defense Ministry on Monday called the activity a violation of the armistice agreement that ended fighting in the 1950-53 Korean War.

Earlier this week, Pyongyang also commissioned its first 5,000-ton destroyer, the Choe Hyon, which Kim said is armed with nuclear-capable missiles. Images released by state media appeared to show missile launchers and radar systems resembling those found on Russian warships, prompting speculation that Pyongyang has received technical assistance from Moscow.

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

While South Korean President Lee Jae Myung has sought to ease tensions with North Korea since taking office last year, he has also called for strengthening Seoul’s military capabilities in response to Pyongyang’s expanding weapons programs.

On Friday, South Korea’s Defense Ministry unveiled a plan to rapidly expand the military’s drone and counter-drone capabilities, citing lessons from modern conflicts and North Korea’s growing military cooperation with Moscow.

“Since North Korea is currently receiving technology transfer from Russia, we decided that we urgently need to proactively respond to various changes in the war operation environment,” Defense Minister Ahn Gyu-back said at a press briefing.

The plan calls for acquiring 20,000 low-cost reconnaissance and loitering drones by 2030 while accelerating the deployment of homegrown K-Lucas long-range suicide drones. It also includes expanded counter-drone capabilities, including laser weapons, high-power microwave systems and interceptor drones designed to defeat low-cost aerial threats.

As part of the strategy, South Korea aims to train 500,000 “drone warriors” across the army, navy, air force and marines. Ahn said drones should become “a universal means of combat” across the armed forces, with every soldier eventually able to operate them “like a second personal weapon.”

South Korean stocks finished at an all-time high Monday on a continued rally in semiconductor shares amid signs of progress in U.S.-Iran talks to end their monthslong war in the Middle East. The local currency lost against the U.S. dollar.

After opening 1.08 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) added 62.13 points, or 0.69 percent, to 9,114.55 after rising as high as 9,253.00.

Trade volume was moderate at 377.2 million shares worth 41.4 trillion won (US$26.9 billion) with losers outnumbering winners 739 to 148.

Retail investors and institutions were net buyers, purchasing 2.15 trillion won and 308.4 billion won, respectively, while foreign investors sold a net 2.55 trillion won.

On Sunday, Washington and Tehran wrapped up their first talks and agreed on a road map to reach a final deal within 60 days, according to a statement issued by the mediating countries of Qatar and Pakistan.

The negotiations had been at risk of breakdown as Tehran said it had closed the Strait of Hormuz and U.S. President Donald Trump had repeated his threats to resume attacks on Iran.

“Negotiations went smoothly in general despite some aggressive messages, which were considered short-lived noises,” said Kang Jin-hyeok, an analyst from Shinhan Securities.

Semiconductor shares ended in positive territory.

Chip giant SK hynix jumped 5.61 percent to 2.92 million won, surpassing Samsung Electronics in terms of market capitalization for the first time.

SK Square, the parent of SK hynix, surged 10.67 percent to 1.97 million won, and Hanmi Semiconductor, a leading chip manufacturing equipment provider, increased 2.2 percent to 301,500 won.

Defense giant Hanwha Aerospace advanced 0.27 percent to 1.13 million won, and Korea Aerospace Industries (KAI) climbed 1.43 percent to 148,600 won.

However, Samsung Electronics dropped 0.14 percent to 353,500 won, and Samsung Electro-Mechanics, an electronic components manufacturing affiliate of Samsung Electronics, lost 1.85 percent to 2.23 million won.

Top carmaker Hyundai Motor decreased 5.22 percent to 581,000 won, and leading battery maker LG Energy Solution dipped 4.7 percent to 385,500 won.

Samsung Life Insurance slid 9.36 percent to 450,500 won, and pharmaceutical giant Samsung Biologics retreated 5.75 percent to 1.3 million won.

The Korean won was quoted at 1,537 won against the U.S. dollar, down 10 won from the previous session.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys rose 2.6 basis points to 3.810 percent, and the return on the benchmark five-year government bonds added 3.9 basis points to 4.044 percent.

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Seoul stocks surged by more than 2 percent past another historic landmark, surpassing the 9,000-point level for the first time in history, as investors bet on chipmakers in the face of a hawkish stance by the Federal Reserve and Iran uncertainty.

The benchmark Korea Composite Stock Price Index (KOSPI) closed up 199.6 points, or 2.25 percent, to 9,063.84, after rising as high as 9,106.07.

The KOSPI continued its winning streak for the sixth consecutive session on the back of optimism over artificial intelligence (AI) and related sectors.

Trade volume was heavy at 505.9 million shares worth 49.9 trillion won (US$32.7 billion). Foreigners were net buyers, snatching up 1.3 trillion won, while retail and institutional investors net sold a combined 1.2 trillion won.

Losers outnumbered gainers 109 to 788.

The index bucked overnight losses on Wall Street caused by Fed policymakers’ remarks that a rate hike would be inevitable to tame inflation.

The continued rally was led by the country’s two major chipmakers, Samsung Electronics and SK hynix, said analyst Kim Seok-hwan from Mirae Asset Securities.

“Investors are anticipating that semiconductor companies could gain better bargaining power due to a sustained supply bottleneck,” the analyst said.

A risk appetite was also revived on anticipation the U.S.-Iran war is nearing its end. The United States has said Iran has agreed to reopen the Strait of Hormuz, a key oil shipping route, and revealed a signed memorandum of understanding on ending the war.

The rate freeze from the Fed, the fourth consecutive on-hold decision, appeared to have a limited impact on investor sentiment.

Market top cap Samsung Electronics rose 4.62 percent to 362,500 won, while its rival SK hynix jumped 6.51 percent to 2,685,000 won.

Non-semiconductor sectors lost ground.

Defense giant Hanwha Aerospace fell 2.86 percent to 1,189,000 won, ship builder HD Hyundai Heavy Industries retreated 3.25 percent to 684,000 won, and major financial firm KB Financial inched down 0.55 percent to 163,100 won.

The Korean won was quoted at 1,527.1 won against the U.S. dollar, down 13.7 won from the previous session.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys rose 4 basis points to 3.75 percent, and the return on the benchmark five-year government bonds added 5.2 basis points to 3.949 percent.

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June 12 (Asia Today) — Thousands of South Korean soccer fans packed Gwanghwamun Square in central Seoul on Friday, cheering, gasping and celebrating through South Korea’s 2-1 comeback victory over Czechia in its opening match of the 2026 FIFA World Cup.

“Dae-han-min-guk! Until the end!” fans shouted as the square turned red with supporters wearing national team jerseys and carrying South Korean flags, cheering sticks and handheld fans.

The Group A match was played Friday morning in South Korea, but the weekday timing did little to slow the crowd. Children, office workers and longtime members of the Red Devils, South Korea’s national soccer supporters’ group, gathered in front of a large outdoor screen set up near the square.

When the opening whistle sounded at 11 a.m., fans shouted “Fighting!” and “Let’s win!” Police unofficially estimated about 3,000 people had gathered at the square at the start of the match.

The temperature in Seoul rose to 28 degrees Celsius, or 82.4 degrees Fahrenheit, under clear skies. Many fans used parasols, portable fans and folding fans to cope with the heat.

Some supporters took vacation days to watch the match in public. Lee Hyun-soo, 37, an office worker who came with his elementary school-age child, said he used annual leave so they could cheer together.

“The next day is the weekend and my child also filed for an experiential learning day, so I took the day off,” Lee said. “It is very hot, but it is better than cloudy or rainy weather.”

South Korea controlled much of the early play but failed to score in the first half. When chances ended without a goal, fans grabbed their heads and groaned in frustration.

The crowd grew sharply near halftime as office workers from nearby buildings joined during their lunch breaks. Some skipped restaurant meals and watched while eating toast or convenience store food.

Kim Sung-il, 28, who works near Gwanghwamun Station, said he came with co-workers to watch the second half.

“Lunch break gives us enough time to watch the second half,” Kim said. “I hope the result lets us start the afternoon shift happily.”

As the crowd swelled, police and event staff moved quickly to control pedestrian flow. Seoul’s real-time city data showed about 14,000 to 16,000 people were in Gwanghwamun Square at noon, more than twice the 6,000 expected by the Korea Football Association.

Police deployed about 260 officers from three mobile units to manage the crowd. Officers and staff repeatedly asked fans to fold parasols while moving and to continue walking in one direction. No major safety incidents were reported.

The match turned tense in the second half. Czechia took the lead in the 59th minute when Ladislav Krejci scored with a header. The mood at the square briefly fell silent.

South Korea quickly answered. Hwang In-beom equalized in the 67th minute and later helped create the winning goal by substitute Oh Hyeon-gyu in the 80th minute.

As Oh’s goal went in, fans hugged friends, jumped in place and shouted in relief. Many stayed in the square after the final whistle, still caught up in the emotion of South Korea’s first opening-match win at a World Cup since 2010.

Kim Ji-min, 23, a university student, said she had been nervous before the match.

“I was very worried before the game, but I am so happy we came back and won,” Kim said.

Shim Sung-min, 42, an office worker, said the match felt cinematic.

“I heard this was South Korea’s first opening-match win in 16 years,” Shim said. “Today’s match felt like a movie. I think I can enjoy the rest of the weekend.”

South Korea’s win gave the team three points to begin Group A and lifted hopes among fans watching from Seoul that the national team can advance from the group stage.

— 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=20260612010004331

Seoul stocks rose by more than 4 percent Friday, as investors snapped up tech heavyweights amid hopes the war between the United States and Iran could end soon.

The benchmark Korea Composite Stock Price Index (KOSPI) closed up 359.67 points, or 4.63 percent, at 8,123.62 after rising as high as 8,434.40.

After opening sharply higher on renewed hopes that the war between the U.S. and Iran is near its end, the index trimmed earlier gains on profit taking ahead of the closing bell.

Trade volume was heavy at 490.3 million shares worth 51.1 trillion won (US$33.6 billion). Winners outnumbered losers 753 to 144.

On Thursday (U.S. time), U.S. President Donald Trump said he has reached a “great settlement” that would resolve the monthslong conflict with Iran and the deal would be signed as early as over the weekend, possibly in Europe.

Media outlet Axios also reported that four U.S. Air Force C-17 planes departed for Europe on Thursday, moving equipment for possible travel by Vice President J.D. Vance, raising the possibility a signing ceremony could take place in Geneva, Switzerland.

“Market sentiment improved as foreign investors shifted to net buying after a 25-session selling streak, on anticipations for peace negotiations,” said Lee Kyoung-min, an analyst from Daishin Securities.

But the rise was limited, amid reports that global banks are curbing hedge funds’ leveraged bets on the country’s two semiconductor heavyweights: Samsung Electronics and SK hynix, Lee added.

Foreigners and institutional investors net purchased a combined 4.4 trillion won. Retail investors net sold 4.3 trillion won.

In Seoul, shares closed higher across the board.

Market top-cap Samsung Electronics rose 7.86 percent, to 322,500 won, while its chipmaking rival SK hynix moved up 2.33 percent to 2,150,000 won.

Semiconductor equipment maker Hanmi Semiconductor vaulted 24.05 percent to 361,000 won, after the company said in a regulatory filling it is seeking to invest in SpaceX, Elon Musk’s space company set to make its Nasdaq debut on Friday (local time).

Shipmakers also gathered ground as investors went bargain hunting. Hanwha Ocean added 7.85 percent to 112,700 won and HD Hyundai Heavy Industries increased 0.62 percent to 650,000 won.

Portal operator Naver jumped 10.27 percent, to 247,000 won, financial firm KB Financial climbed 6.4 percent to 161,200 won, and top car maker Hyundai Motor added 1.68 percent to 607,000 won.

The Korean won was quoted at 1,519.8 won against the U.S. dollar as of 3:30 p.m., up 9.1 won from the previous session’s close.

Bond prices, which move inversely to yields, closed higher. The yield on three-year Treasurys fell 9.6 basis points to 3.808 percent, and the return on the benchmark five-year government bonds declined 10.9 basis points to 3.971 percent.

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Seoul Mayor Oh Se-hoon has vowed to prioritize elevating Seoul into a “global top three city” during his new term following his victory in the June 3 local elections.

Oh made the pledge in an interview with Yonhap News Agency on Tuesday after winning last week’s local election against ruling Democratic Party rival Chong Won-o, his third consecutive and fifth non-consecutive election as Seoul mayor.

“A global top three city is not merely a slogan to raise the ranking but a goal to increase quality of life,” Oh said at his office. “(I) will concentrate the new city government’s capabilities to create a warmer and healthier Seoul.”

Seoul ranked sixth in the Japan-based Mori Memorial Foundation’s Global Power City Index 2025. London topped the list followed by Tokyo, New York, Paris and Singapore.

The index evaluates cities based on six major indicators — economy, research and development, cultural interaction, livability, environment and accessibility.

Oh said he plans to establish a committee to achieve the “global top three city” goal, noting that it will serve to set the direction of the city government for the next four years.

“If (we) continuously work on areas that the city can be good at and can handle, Seoul can rise to a global top three city rivaling London, New York, Tokyo, Paris and Singapore,” he said.

Meanwhile, Oh said he has no plans set up for the presidency, even after his victory cemented his place as a political heavyweight with his party suffering a rout in last week’s elections, winning only four out of 16 key mayoral and gubernatorial seats up for grabs.

“There is no plan for the presidency,” he said, pledging to focus on elevating the city’s status. “(I) don’t think politics works out just by making plans.”

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South Korean stocks plummeted more than 4 percent Wednesday amid escalating tensions between the United States and Iran and a tech slump fueled by concerns over the valuation of stocks related to artificial intelligence (AI). The local currency was trading lower against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 366.11 points, or 4.52 percent, to close at 7,730.82, almost eclipsing most of the over 8 percent surge from the previous day.

At one point, the index fell as low as 7,541.11.

Due to the sharp fall, the Korea Exchange had activated a sell-side sidecar for the index at 1:16 p.m., halting program trading for five minutes.

Trade volume was moderate at 457.5 million shares worth 39 trillion won (US$25.6 billion), with losers outnumbering winners 547 to 343.

Foreigners continued their sell-off for the 23rd consecutive session, dumping a net 2.77 trillion won, while retail investors and institutions purchased local shares worth 4.86 trillion won. Institutions sold 2.27 trillion won.

Market analysts said the KOSPI lost ground as tensions resurfaced in the Middle East after the U.S. struck Iran in response to the shooting down of an American Apache helicopter in the Strait of Hormuz and then Tehran hit back.

The risk-on appetite was also sapped by an overnight tech slide on Wall Street caused by concerns over the valuation of the AI stocks on news that Crusoe Energy Systems, a data center developer, suspended one of its projects upon the request of an unidentified big tech customer.

The tech-heavy Nasdaq composite closed 0.97 percent lower, and the S&P 500 dropped 0.26 percent, while the Dow Jones Industrial Average rose 0.17 percent.

Major tech shares led the market decline, with Broadcom losing 1.12 percent, Apple sliding 3.64 percent, Micron falling 1.4 percent and Nvidia down 0.2 percent.

Investors’ eyes are now on the upcoming release of the U.S. Consumer Price Index (CPI), which could give further clues on the U.S. Federal Reserve’s monetary policy amid bets on a hawkish pivot and the initial public offering of SpaceX later this week.

“The South Korean stock market was weighed down as risk aversion sentiment strengthened ahead of the U.S. CPI and Oracle’s earnings release, once triggering a sell-side sidecar,” Lee Kyoung-min, an analyst at Daishin Securities, said.

Lee said a hot inflation report could further contract the market sentiment, raising concerns over a possible U.S. rate hike.

In Seoul, market top-cap Samsung Electronics slid 6.06 percent to 302,500 won, while its chipmaking rival SK hynix plunged 7.54 percent to 2.05 million won.

AI investment firm SK Square shed 6.78 percent to 1.18 million won, and Samsung Electro-Mechanics shot down 8.38 percent to 1.8 million won.

Samsung Life Insurance dipped 6.36 percent to 368,000 won, and Samsung C&T plummeted 5.01 percent to 407,500 won.

Auto shares were also weak, with Hyundai Motor down 5.79 percent to 602,000 won, and its sister Kia losing 2.8 percent to 159,700 won. Hyundai Mobis dropped 4.2 percent to 570,000 won.

Internet portal operator Naver, which had recently rallied on news on its partnership with Nvidia, nosedived 11.67 percent to 227,000 won. Home appliances maker LG Electronics shot down 9.68 percent to 224,000 won.

Major shipbuilder HD Hyundai Heavy was among the few gainers, jumping 4.74 percent to 641,000 won.

Defense giant Hanwha Aerospace also climbed 1.48 percent to 1.03 million won.

The Korean won was quoted at 1,524.2 won against the U.S. dollar at 3:30 p.m., down 12.1 won from the previous session.

Bond prices, which move inversely to yields, closed mixed. The yield on three-year Treasurys added 2.5 basis points to 3.881 percent, and the return on the benchmark five-year government bonds dropped 3.2 basis points to 4.070 percent.

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June 5 (Asia Today) — Protesters who had blocked a polling station in Seoul’s Songpa district for two nights and three days moved Friday to a vote-counting center, demanding a new election after ballot shortages disrupted voting in the June 3 local elections.

The ballot boxes from the No. 2 polling station in Jamsil 7-dong were transferred and counted after about 1,000 police officers were deployed. But protesters said they could not accept the result and effectively occupied the entrance area of the counting center, calling for a revote.

About 300 people, including citizens and conservative YouTubers, gathered near the entrance of the Olympic Park handball arena, according to an unofficial police estimate.

Even after the counting was completed, protesters chanted slogans including “revote” and “invalidate the vote.” Some protesters have alleged election fraud, but election authorities have attributed the disruption to a shortage of ballot papers during voting.

The atmosphere grew tense as access for election workers and arena employees was effectively blocked. Some arena employees who tried to leave were reportedly stopped by protesters and remained inside.

Police continued to guard the area around the arena after the vote count ended. Officials at the scene were considering sending election commission workers home first and removing vote-counting materials separately.

The protest followed a broader ballot shortage controversy in South Korea’s local elections. The National Election Commission said ballot shortages occurred at 50 polling stations nationwide and temporarily halted voting at 22 sites. The disruption drew public criticism and led the commission’s chairman, Roh Tae-ak, to announce his resignation Friday.

Earlier, protesters blocked the removal of ballot boxes from Jamsil 7-dong’s No. 2 polling station after a ballot shortage left voters waiting for hours. Police later escorted officials to retrieve the remaining ballot boxes, and the final count ended Friday afternoon.

— 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=20260605010001909

Police on Friday secured remaining ballot boxes at a polling station in southern Seoul, two days after protesters gathered to prevent election officials from removing them in protest of a shortage of ballots during the June 3 local elections.

Police officials broke through a crowd of protesters to remove the two ballot boxes at the polling station in Jamsil, Songpa Ward, after deploying around 1,000 officers to the scene earlier in the day to break up the rally.

The boxes, said to contain around 2,000 ballots, were transported to a ballot counting center at nearby Olympic Park.

Authorities said multiple people suffered minor injuries at the polling station and the vote counting center, where protesters also gathered to demand election officials to stop the count.

The polling station was one of over a dozen locations in Seoul that experienced ballot shortages Wednesday, prompting the temporary suspension of voting at the affected stations.

Angry protesters gathered at the Jamsil polling station, accusing the election watchdog of having committed election fraud and blocking election officials from removing the ballot boxes.

The standoff had prevented the National Election Commission from completing vote counting and officially declaring election winners in the affected areas.

A group of protesters attempted to block the police from entering the polling station, resulting in physical clashes as officers dragged them out. Some protesters claimed the police used excessive force.

Fire authorities said they had treated six people for minor injuries at the polling station and the vote counting center since Thursday night.

Three of them, including a woman in her 40s who complained of a headache, were sent to the hospital.

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June 4 (Asia Today) — The biggest upset of Wednesday’s local elections came in Seoul, where People Power Party candidate Oh Se-hoon overcame early expectations of defeat and won a dramatic late comeback victory in the mayoral race.

Oh’s win allowed the conservative bloc to hold South Korea’s capital despite a strong nationwide showing by the Democratic Party. The result immediately raised Oh’s standing as a potential conservative contender in the next presidential race.

Oh narrowly defeated Democratic Party candidate Jung Won-oh after an extremely close vote count that continued into early Thursday morning, becoming the first person to win a fifth term as Seoul mayor.

“Citizens have once again upheld the democratic principle of checks and balances,” Oh said at a press conference Thursday. “They have left Seoul as the last safeguard of democracy so that South Korea does not tilt completely to one side.”

Political observers said Oh’s victory significantly changes his political status. Holding the capital while the People Power Party struggled nationwide could become a major asset for a future presidential bid.

Oh’s campaign strategy also drew attention because he kept some distance from the party leadership under Jang Dong-hyeok and focused on his own record as incumbent mayor. Analysts said that approach may allow Oh to emerge as an independent center of gravity in any future conservative realignment.

A People Power Party official said Oh had now fully risen as a national political figure representing the conservative camp.

“This Seoul victory is virtually close to a ticket toward the presidency,” the official 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=20260605010001627

June 4 (Asia Today) — South Korea’s National Election Commission has failed to clearly explain an unprecedented ballot paper shortage in the June 3 local elections, leaving two Seoul ballot boxes uncounted and delaying the formal confirmation of the Seoul mayoral winner.

The commission said Thursday it would establish a fact-finding committee to investigate the ballot paper shortage that occurred during voting. The committee will be composed mainly of outside experts and will examine the cause of the problem, identify responsibility and recommend measures to prevent a recurrence, the commission said.

The controversy has continued because the commission has not provided a detailed explanation of how the shortage occurred or how many voters were affected.

More than a day after voting ended, the Seoul mayoral race had still not been formally completed. People Power Party candidate Oh Se-hoon’s victory was effectively confirmed around 9:30 a.m. Thursday, but the vote count remained stalled at 99% for hours because two ballot boxes from Jamsil 7-dong’s second polling station in Songpa district had not been moved to the counting center amid protests by residents.

Under Article 191 of the Public Official Election Act, the winner of a local government chief election is the candidate who receives the largest number of valid votes. The law does not clearly state how to handle a case in which vote counting has not been completed because ballot boxes remain uncounted.

The Seoul Election Commission said no decision had been made on formal confirmation of the winner. Winners in other Seoul races, except for the Seoul mayoral race and Songpa district, had already been confirmed.

Critics said the commission’s poor management and lack of clear public explanation deepened public distrust and prolonged the standoff at the polling station.

The National Election Commission held an emergency public apology briefing at 9 p.m. Wednesday. At the briefing, it said voter turnout at some polling stations had exceeded expectations, leading to the shortage of ballot papers. But it did not provide detailed figures on the affected polling stations, the number of additional ballots delivered, delays in voting or the number of voters affected.

The commission repeated that it would disclose more information after confirming the facts.

Calls are also growing for National Election Commission Chairman Noh Tae-ak to take responsibility. Noh did not appear at the public apology briefing. Huh Chul-hoon, secretary-general of the commission, said he was the proper official to apologize because the chairman is a non-standing member and the secretary-general oversees election administration.

The commission was also found to have prepared ballot papers for the affected Songpa polling stations equal to only 50% of registered voters, reportedly because it had taken early voting turnout into account.

Some legal experts said the case exposes structural problems in the election commission, which has long been treated as an institution with limited democratic oversight.

Ji Sung-woo, a professor at Sungkyunkwan University Law School, said the facts should be confirmed first but added that the election commission faces weak oversight.

“The biggest problem with the National Election Commission is that it is the only institution with weak parliamentary control,” Ji said. “Because lawmakers are themselves candidates, parliamentary control is structurally weak.”

“No institution should be free from oversight,” he said. “Control by other institutions, such as the Board of Audit and Inspection or civic groups, needs to be strengthened.”

— 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=20260604010001582

June 3 (Asia Today) — The People Power Party protested Wednesday after voting was temporarily halted at some polling stations in Seoul’s Songpa Ward because of ballot shortages, calling the incident “a serious violation of voters’ political rights.”

Chung Hee-yong, the party’s secretary-general, held an emergency news conference and criticized the National Election Commission over the incident.

“This is a shocking incident that should not and must not happen at a polling site in South Korea in 2026,” Chung said. “It goes beyond simple lack of election preparation and reflects a deplorable failure to fulfill the duty of election management.”

Chung called for “strong and immediate action” by the election commission.

“First, swift measures must be taken so that citizens who could not vote because of ballot shortages can exercise their voting rights,” he said.

Song Eon-seog, the party’s floor leader, also issued an emergency statement.

“We are receiving absurd reports that citizens in Seoul cannot vote because ballots are unavailable,” Song said. “Seoul citizens, you must not give up voting under any circumstances. Even if it is difficult, please wait calmly and make sure to vote.”

Song said the situation infringed on citizens’ right to participate in elections.

“We strongly urge the National Election Commission to guarantee voting rights so that citizens who waited can vote even after 6 p.m.,” he said. “Transfer the ballots quickly.”

Song also said the party had received reports that voting was taking place at several polling stations nationwide without People Power Party observers present.

“Is this the 19th century? Does this make any sense?” he said. “As soon as the election ends, we will immediately push for a fact-finding investigation into this incident and make sure those responsible are held accountable.”

Bae Hyun-jin, chairwoman of the People Power Party’s Seoul chapter, also held an emergency news conference.

“A shortage of ballots in an election is not a simple mistake. It proves that the basic election management system, the foundation of democracy, has completely collapsed,” Bae said.

She criticized the election commission for saying the shortages resulted from a sudden increase in voter turnout.

“The commission responded as if it were nothing serious,” Bae said. “We will continue to demand measures to prevent a recurrence and disciplinary action against those responsible for the election management failure that violated the sovereign act of Seoul citizens.”

The People Power Party said it had identified eight polling stations affected by ballot shortages: Munjeong 2-dong No. 2, Jamsil 2-dong No. 6, Jamsil 7-dong No. 2, Jamsil 4-dong No. 5, Garak 2-dong Nos. 3 and 7, Cheongdam-dong No. 4 and Guui 3-dong No. 6 in Gwangjin Ward.

— 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=20260603010001076