shift

Japan lifts ban on lethal weapons exports in major shift of pacifist policy | Weapons News

Japan could soon sell weapons overseas, including fighter jets, in major shift from pacifist policies introduced after World War II.

The cabinet of Japanese Prime Minister Sanae Takaichi has lifted a ban on exporting lethal weapons, including fighter jets, in a major shift to Japan’s pacifist post-World War II constitution.

In a post on X announcing the changes on Tuesday, Takaichi did not specify which weapons Japan would now sell overseas. However, Japanese newspapers said the changes would encompass fighter jets, missiles and warships, which Japan has recently agreed to build for Australia.

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“With this amendment, transfers of all defence equipment will in principle become possible,” Takaichi said, adding that “recipients will be limited to countries that commit to use in accordance with the UN Charter”.

“In an increasingly severe security environment, no single country can now protect its own peace and security alone.”

At least 17 countries will be eligible to buy weapons manufactured in Japan under the changes, Japan’s Chunichi newspaper reported, adding that this list may be expanded if more countries enter into bilateral agreements with Japan.

 

Previous rules, introduced in 1967 and enacted in 1976, had limited Japanese military exports to non-lethal arms, such as those used for surveillance and mine sweeping, Japan’s Asahi newspaper reported.

Asahi also reported that Japan will still restrict exporting weapons to countries where fighting is currently taking place, but exemptions are allowed under “special circumstances” where Japan’s national security needs are taken into account.

Countries interested in buying Japanese-made weapons include Australia, New Zealand, the Philippines and Indonesia, which recently signed a major defence pact with the United States, Chunichi reported, citing Japan’s Ministry of Defence.

Tokyo’s change in policy comes soon after Japan and Australia signed a $7bn deal that will see Japan’s Mitsubishi Heavy Industries build the first three of 11 warships for the Australian navy.

Takaichi sends offering to controversial war shrine

The changes announced by Takaichi on Tuesday come amid reports that the Japanese prime minister had sent a ritual offering to the notorious Yasukuni Shrine in Tokyo on the occasion of its spring festival.

Built in the 1800s to honour Japan’s war dead, the shrine includes the names of more than 1,000 convicted Japanese war criminals from World War II, including 14 who were found guilty of “Class A” crimes.

Visits by Japanese officials to the shrine have long been considered insensitive to the people of China, South Korea, and other countries that Japanese soldiers brutalised during the war.

After the defeat of Axis countries, including the bombing of Japan’s Hiroshima and Nagasaki at the end of World War II, Japan introduced a new constitution renouncing participation in war.

However, Takaichi, considered a China “hawk” and sometimes referred to as Japan’s “Iron Lady”, is among a number of recent Japanese leaders to have pushed back against the country’s pacifist stance.

TOKYO, JAPAN - AUGUST 15: People visit the Yasukuni Shrine on August 15, 2025 in Tokyo, Japan. Japan marked the 80th anniversary of its surrender in World War II today. (Photo by Tomohiro Ohsumi/Getty Images)
Nationalists visit the Yasukuni Shrine in 2025 in Tokyo, Japan [Tomohiro Ohsumi/Getty Images]

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Hungary’s Political Shift Ends Orbán Era but EU Reset Faces Deep Political Fault Lines

The election victory of Hungary’s Tisza party on April 12 marks the end of the 16 year rule of Viktor Orbán, a figure who has long defined Hungary’s contentious relationship with the European Union. His tenure reshaped Hungary’s domestic institutions and repeatedly placed the country at odds with EU norms, laws, and political consensus.

The incoming leadership under Péter Magyar now inherits not only a domestic mandate for change but also the complex task of rebuilding trust with the EU after years of institutional confrontation.

A fractured relationship with Brussels

Under Orbán, Hungary frequently clashed with EU institutions over rule of law, judicial independence, media freedom, and migration policy. One of the most controversial measures was the lowering of the retirement age for judges and prosecutors, which critics argued enabled political reshaping of the judiciary.

Tensions escalated further after 2022, when Hungary’s stance on sanctions against Russia and support for Ukraine created repeated deadlocks within EU decision making processes.

Financial pressure also became a key tool of EU leverage. The European Commission suspended billions of euros in funding to Hungary, citing concerns over corruption and democratic backsliding, deepening the political divide.

Allegations and escalating mistrust

Relations deteriorated further following leaked reports alleging that senior Hungarian officials coordinated with Russian counterparts during sensitive EU discussions. These claims intensified accusations within parts of the EU that Hungary had undermined collective decision making during a period of heightened geopolitical tension.

While Budapest has rejected many of these allegations, they contributed to a climate of mistrust that severely weakened Hungary’s position within the bloc.

A new government with a reform mandate

The Tisza party’s victory signals a clear domestic demand for change, particularly around governance and corruption. The new administration has strong incentives to restore relations with the EU, not least because of the approximately 17 billion euros in suspended funding that could be unlocked if conditions are met.

EU leaders, however, have made it clear that financial normalization will depend on compliance with a wide set of governance and legal reforms. These include anti corruption measures, judicial independence safeguards, and adjustments to policies affecting migration and minority rights.

Structural constraints on reform

Despite political momentum for rapprochement, significant obstacles remain. Hungarian society remains more socially conservative and more sceptical of the EU than many of its Western counterparts. This limits the political space for rapid liberal reforms, particularly in sensitive areas such as LGBTQ+ rights and asylum policy.

Economic pressures further complicate the situation. The new government will inherit fiscal strain linked to years of disputed EU funding and broader geopolitical uncertainty, including the economic effects of the ongoing war involving Iran, which has disrupted global energy markets and increased financial volatility.

Ukraine and the Russia question

One of the most sensitive areas in Hungary’s future EU relationship will be its position on Ukraine. While Péter Magyar has signaled a willingness to improve relations with Ukraine and align more closely with NATO and EU policy, key ambiguities remain.

His stated openness to continuing Russian energy imports for the foreseeable future, combined with proposals for a referendum on Ukrainian EU membership, suggests that strategic continuity with aspects of the previous government may persist.

Given public scepticism toward Ukraine within Hungary, any referendum could significantly complicate EU enlargement plans.

Analysis

The end of Orbán’s long tenure represents a clear political inflection point in EU Hungary relations. It removes a persistent source of institutional confrontation and opens the possibility of renewed cooperation with Brussels.

However, the assumption that relations will automatically normalize is overly optimistic. The structural sources of tension between Hungary and the EU extend beyond one leader. They include divergent political cultures, competing interpretations of sovereignty, and deep disagreements over migration, rule of law, and foreign policy alignment.

The new government’s dependence on EU funds gives Brussels significant leverage, but also creates domestic political risk if reforms are perceived as externally imposed. This creates a delicate balancing act between compliance and legitimacy.

On foreign policy, Hungary’s position on Russia and Ukraine will remain the most consequential test. Even partial continuity with previous policies could reintroduce friction at a time when EU unity is under pressure from multiple geopolitical crises.

Ultimately, Orbán’s departure may mark the end of one chapter, but it does not resolve the underlying tensions that have defined Hungary’s relationship with the European project. The reset, while possible, will be gradual, conditional, and politically contested.

With information from Reuters.

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Mexico’s Sheinbaum defends energy shift to cut reliance on U.S. gas

“Mexico must guarantee its sovereignty. And a fundamental part of sovereignty is energy sovereignty,” Mexican President Claudia Sheinbaum has reiterated. Photo by Isaac Esquivel/EPA

April 9 (UPI) — Mexican President Claudia Sheinbaum signaled a major shift in the country’s energy policy aimed at reducing its dependence on natural gas imports from the United States, including a possible reopening of hydraulic fracturing under stricter controls.

“Mexico must guarantee its sovereignty. And a fundamental part of sovereignty is energy sovereignty,” Sheinbaum said Thursday during a press conference.

The president said her administration is exploring new domestic production pathways, including using fracking, a technique she previously opposed due to environmental concerns.

Sheinbaum described the move as a “responsible decision” to be carried out under “strict scientific oversight” with the support of a specialized committee.

The proposal centers on creating a technical and scientific panel of experts from the National Autonomous University of Mexico and the National Polytechnic Institute.

The group will have two months to develop a protocol for extracting unconventional reserves, while minimizing environmental impact and prioritizing using treated or non-potable water.

The initiative marks a departure from the policy of former President Andrés Manuel López Obrador, who maintained a strict ban on fracking on environmental grounds.

Mexico currently imports about 75% of the natural gas it consumes, mostly from Texas, exposing the country to price volatility and geopolitical risks that could affect the National Electric System.

“We cannot achieve energy sovereignty if we depend on a valve that can be shut outside our borders,” Sheinbaum said.

Government projections estimate gas demand could rise by about 30% by the end of the administration, driven by new power plants, industrial expansion, petrochemicals and fertilizer production, according to local media reports.

Energy Secretary Luz Elena González Escobar outlined a plan Wednesday to strengthen energy security by increasing domestic gas production and reducing reliance on imports.

She also said the government will accelerate its energy transition plan, aiming for renewable sources to account for 38% of electricity generation by 2030 while reducing the share of fossil fuels.

The strategy envisions starting unconventional extraction by late 2027, with a goal of increasing production to more than 8 billion cubic feet per day by 2035 from about 2.3 billion cubic feet.

The administration has invited private sector participation in renewable energy projects and combined-cycle power plants under a mixed model in which the state, through the Federal Electricity Commission and Pemex, retains 54% of generation and strategic control, leaving 46% to private investment.

Officials say the model is designed to attract capital for storage and extraction infrastructure that the public sector cannot fully finance in the short term.

Energy analysts say the policy shift responds in part to nearshoring trends, as multinational companies relocating operations to Mexico require reliable and affordable electricity supply.

The proposal has drawn criticism from environmental groups, which called it a “green setback” and warned that fracking could threaten aquifers in regions already facing severe water stress.

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Labor group urges worker-focused shift in industry policy

1 of 2 | Yang Kyung-soo, leader of the Korean Confederation of Trade Unions, speaks during a rally in front of the presidential office Cheong Wa Dae to express their objection to the US-Israel war with Iran and South Korea’s dispatch of troops to the conflict, in Seoul, South Korea, 25 March 2026. File. Photo by YONHAP / EPA

April 3 (Asia Today) — South Korea’s largest labor group on Thursday called on the government to adopt a more worker-centered approach in shaping industrial and trade policies, emphasizing job security amid economic and technological changes.

The Korean Confederation of Trade Unions made the request during a meeting with Industry Minister Kim Jeong-kwan at its headquarters in central Seoul.

The group said employment stability must be a key consideration in industrial policymaking and trade negotiations, particularly as industries undergo restructuring driven by artificial intelligence and face overlapping challenges from climate change, global trade tensions and economic uncertainty.

The meeting was organized to raise the need for labor-focused policy and to establish a framework for ongoing communication and cooperation with the government.

Union officials, including Chairman Yang Kyung-soo, Vice Chairman Jeon Ho-il and other senior staff, attended the session, along with ministry officials responsible for industrial and manufacturing policy.

Yang said industrial and trade policies are directly tied to workers’ livelihoods and warned that policies focused primarily on corporate competitiveness could shift economic burdens onto labor.

“Government agencies must rethink their view of labor,” he said. “Labor is not a cost but the foundation that sustains industry.”

He added that industrial transitions should not come at the expense of workers and called for what he described as a “just transition” that protects jobs and working conditions.

The union said it would continue engaging with the government to push for broader changes aimed at placing workers at the center of economic policy decisions.

— 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=20260403010001087

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Innventure projects $100M annual revenue run rate for Accelsius by year-end 2026, signals shift to self-funded growth (NASDAQ:INV)

Earnings Call Insights: Innventure, Inc. (INV) Q4 2025

Management View

  • Roland Austrup, Chief Growth Officer, stated, “This is the earnings call we have been building toward…for the first time in Innventure’s history, every part of this platform is firing at the same time, and the

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

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Trump’s approval ratings just hit a new low. A Latino voter shift could reshape the midterms

With the Iran war in its fifth week, support for President Trump is at its lowest point ever, with a growing body of recent polling showing him losing ground with key voting blocs that helped power his 2024 victory.

While public dissatisfaction is evident among many groups surveyed, the decline in support for the president has been most pronounced among Latino voters.

A Reuters/Ipsos poll released March 24 found 36% of voters approve of the president’s job performance, the lowest it has been during his second term. The poll found 62% disapproved.

Other polls, such as the AP-NORC poll, placed the figure at 38%.

In all, the president is underwater on almost every single public policy issue. With the exception of crime, which sits around 47% approval, he has recorded no gains in any polled category, according to experts.

On immigration, the president’s marquee issue, approval fell from roughly 45% in late 2025 to 39% in February, according to Reuters.

About 1 in 4 respondents approved of Trump’s handling of the economy, Reuters found, as domestic gas prices surged by more than $1 per gallon after fighting commenced last month. The share of Republicans who disapprove of his handling of cost-of-living issues rose 7 points in one week to 34%.

The shift comes amid growing economic unease and amplified backlash over the war in Iran. About 1 in 3 Americans approve of the military operation, according to a Reuters survey.

And a growing divide among prominent conservatives has emerged over the U.S. involvement in the Middle East.

The clashes have played out in public and are exposing tensions within the Republican Party, with conservative commentators such as Megyn Kelly openly questioning whether the war is in America’s best interest.

“This is not a foreign policy that makes sense and it is not what Trump ran on. It is, in many ways, a betrayal of his campaign promises, what he sold himself as and of his MAGA base,” Kelly said earlier this month.

Other conservative pundits, including Candace Owens, Tucker Carlson and Nick Fuentes, are also opposed.

But the real damage is showing up in the one place Trump can’t afford to lose: his base.

Trump entered his second term buoyed by historic gains with Latino voters. Exit polls indicated he improved his standing with them by more than 20 percentage points in 2024 compared with his 2016 victory, fueling widespread narratives that the demographic was undergoing a durable shift toward Republicans. In all, 48% of Latinos gave him their support in the last election.

Since then, his approval among Latino voters has plummeted to 22%, according to a March 2026 analysis by the Economist.

In a bipartisan poll by UnidosUS released in November, 14% of Latino voters said their lives were better after Trump took office, while 39% said they had gotten worse.

The president’s rapport with Latinos reflects a deep dissatisfaction with economic conditions, according to Mike Madrid, a veteran California Republican political consultant and expert on Latino voting trends.

“Overwhelmingly, this is a function of the economy and affordability,” he said. “Latino voters moved away from Biden-Harris for the exact same reasons that they’re moving away from Donald Trump right now.”

Research and polling suggests Latino voters prioritize cost-of-living issues — such as housing, wages and inflation — over immigration, a topic often emphasized in national messaging.

“It’s not even close,” Madrid said. “Immigration is not even a top 5 issue for Latino voters.”

Madrid suggested the demographic rallying is less a “reversion” and more a reflection of a rapidly changing electorate.

“Latinos have emerged as the only true swing vote in America,” he said. “And they’re rejecting whichever party is in power.”

These volatile, double-digit voting shifts directly contrast more stable voting patterns among other major demographic groups, including the Black and white electorates, where shifts from cycle to cycle tend to be just a few points.

The reason: dramatic turnout fluctuations. Who decides to show out or stay home on election day tends to change by the year. It’s compounded by the fact that there are far more first-time Latino voters than in any other category.

Polling this month suggests Trump is also losing ground among young voters, another group that contributed to his 2024 gains.

More than half of men under the age of 30 supported Trump in that election, helping him turn several swing states.

In just a year, that demographic has cratered by 20 points.

“Trump won in 2024 because of men. They are abandoning him right now,” CNN senior data analyst Harry Enten said Tuesday.

The reversals could have massive implications for the November midterm elections, particularly in competitive congressional districts where small swings could determine control of the House.

Republicans have warned that if they lose hold of their narrow congressional majority, Trump is likely to face a third impeachment.

UCLA political scientist Matt Barreto said movement away from Republicans is already visible in real-world election outcomes, not just polling.

“We’ve already seen in the Virginia and New Jersey legislative and gubernatorial elections really large shifts in the Latino vote, 25 points back to the Democratic Party,” Barreto said. He added that similar patterns have emerged in places such as Miami and Texas, where Democratic candidates have outperformed expectations with strong Latino support.

Latino Democrats who sat out the 2024 election are returning to the electorate, while some Latino Republicans are disengaging, he said.

That dynamic could prove decisive in November. There are more than 40 congressional districts where the number of registered Latino voters exceeds the margin of victory in 2024, Barreto said. Many of them are closely divided between the parties.

“At the district level, the Latino vote is going to make a huge impact,” he said.

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Simultaneous megaproject filings signal Chile mining shift

Analysts say these investments in planned Chilean copper mines respond to sustained growth in global demand, driven by electrification, power grids and the energy transition File Phot by Pedro Tapia/EPA

SANTIAGO, Chile, March 20 (UPI) — Mining companies BHP and U.S.-based Freeport-McMoRan submitted two copper projects worth more than $12.5 billion combined to Chile’s Environmental Impact Assessment System, marking one of the clearest signs of a revival in mining investment in the country.

BHP, through Minera Escondida, the world’s largest copper producer, submitted the “Nueva Concentradora Escondida” project valued at $5 billion, which would allow it to continue operations by replacing the Los Colorados plant. That plant is at the end of its useful life.

The project includes an ore processing capacity of 460 thousands of tons per day in the Antofagasta region. If approved, it would begin operations between 2031 and 2032.

Minera El Abra, the Chilean subsidiary of Freeport-McMoRan, is seeking to invest $7.5 billion to extend its operations by 40 years and increase its production by more than 300,000 metric tons of copper annually starting in 2033, once it becomes operational.

The initiative includes the construction of a concentrator plant, a desalination facility, among other projects.

Analysts say these investments respond to sustained growth in global copper demand, driven by electrification, power grids and the energy transition, although they also note that they are being accelerated by a shift in the local political environment after the arrival of a government led by José Antonio Kast.

As one of its first measures, the administration introduced the National Reconstruction Bill, which includes initiatives to reduce bureaucracy and streamline permitting.

The proposal includes lowering the corporate tax rate from to 23% from 27% to align it with countries in the Organization for Economic Cooperation and Development.

Finance Minister Jorge Quiroz told local media this week that the government aims to offer clear rules, legal certainty and an agile, non-discriminatory process that respects the environment.

“This investment will move forward smoothly,” he said, referring to the Escondida project.

The president of the Chilean Mining Chamber, Manuel Viera, said about $18 billion in projects are stalled due to bureaucratic hurdles in the permitting process.

“And in just one week, the president of the republic has indicated that they should be unlocked. That is a sign that signal has been well received by investors, and we expect news like those of Escondida and El Abra to continue in the coming months because Chile also needs more and better mining,” he said.

Cristian Cifuentes, senior leader of studies and content at the Center for Copper and Mining Studies, or Cesco, told UPI that the announcements represent a clear indication of a revival in mining investment, although the trend already had been emerging without such concrete evidence.

“It is a validation of Chile as a competitive jurisdiction in a highly capital-intensive global context,” he said.

He added that while investment decisions respond to global copper demand, their execution depends “critically on local conditions: permitting, institutional stability and political signals.”

“Any improvement in regulatory certainty or pro-investment narrative accelerates decisions that, in many cases, were already in the pipeline. At the same time, these filings show that, despite recent regulatory tensions, the country maintains baseline conditions that allow investment decisions to move forward,” he said.

Víctor Frangi, managing director of Delivery & Transformation at KPMG Chile, said the country is creating more favorable conditions to activate projects, in an environment in which copper demand is projected to increase by about 40% by 2040.

“Chile approved the Framework Law on Sectoral Authorizations, which seeks to reduce permitting times by between 30% and 70%, along with the modernization of the Environmental Impact Assessment System regulations to focus evaluations on projects with significant impact,” he said.

Frangi said that Chile now offers greater business certainty and a more limited level of risk, which facilitates large-scale investment decisions.

Analysts warn, though that growing regional competition to attract mining investment exists.

“Countries such as Argentina have improved their macroeconomic environment and promoted initiatives such as the Incentive Regime for Large Investments, positioning themselves to attract large-scale projects, such as Vicuña, a joint venture between Lundin Mining and BHP, with an estimated investment of $18 billion,” Frangi said.

He added that Peru and even the Democratic Republic of Congo also show dynamism.

“Chile faces the challenge of remaining competitive against other destinations that are also capturing investment. There are replacement and efficiency projects, such as the new Escondida concentrator, and changes in the operating model, such as the advance of desalination as a standard in water use,” Frangi said.

Viera said mining companies are seeking more copper deposits amid growing global demand.

He added that armed conflicts between the United States and Iran, as well as between Russia and Ukraine, have disrupted the balance between supply and demand.

“They have broken the balance of supply and demand. As armed conflicts increase, demand rises for critical minerals used in weapons manufacturing. These are factors driving the search for copper, iron and other minerals, in addition to demand linked to the development of technologies associated with climate change,” he said.

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Coupang interim CEO joins overnight to dawn delivery shift

Coupang interim CEO Harold Rogers takes part in an overnight to dawn delivery shift in Seongnam, South Korea. Courtesy of Coupang

March 20 (Asia Today) — Coupang interim CEO Harold Rogers joined an overnight to dawn delivery shift in Seongnam, south of Seoul, after accepting a lawmaker’s request at a National Assembly hearing to experience the job firsthand. Rogers worked from 8:30 p.m. Wednesday to 6:30 a.m. Thursday, taking part in the full process from loading to delivery, according to Coupang and local media reports.

The overnight shift followed a proposal made by Democratic Party lawmaker Yeom Tae-young during a parliamentary hearing in December, which Rogers agreed to at the time. Coupang said the experience was intended to deepen management’s understanding of field operations and strengthen trust by following through on that commitment.

Rogers and Yeom began at Coupang Logistics’ delivery camp in Yatap, where they completed safety training and helped load packages. They then rode with a directly employed Coupang delivery driver, known as a “Coupang Friend,” and delivered orders to apartments, villas and detached homes across Jungwon-gu.

Coupang said it would use the experience to accelerate workplace improvements and strengthen safety management by reflecting feedback from the field. Rogers said he was proud of all Coupang workers, including delivery staff, and pledged to continue building what he described as safe and advanced working conditions.

Separately, Coupang Fulfillment Services said it will begin holding job fairs Monday in Suwon, Daegu and other locations to recruit logistics workers as Rocket Fresh expands. The company said the events will use a one-stop hiring format covering consultation through interviews.

— 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=20260320010006133

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

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

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

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

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

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

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

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

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

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