South

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260313010003892

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

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

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

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

The government began enforcing the price cap at midnight Thursday.

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

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

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

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

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

Lee also called for citizen participation in monitoring the market.

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

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260313010003999

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

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

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

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

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

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

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

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

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

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

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

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260312010003859

COLUMBIA, S.C. — U.S. Rep. Jim Clyburn, the dean of South Carolina’s Democrats, said Thursday that he will run for an 18th House term, a move that could position him as an influential elder statesman in Congress if his party regains the majority in November.

The decision by the 85-year-old lawmaker cuts against calls for generational change within the party. Clyburn is one of several veteran Democrats running again instead of stepping aside for younger politicians whose frustration increased in the wake of President Biden’s failed reelection campaign.

“I’m here today to say I do believe that I’m very well equipped and healthy enough to move into the next term, trying to do the things that are necessary to continue that pursuit of perfection,” Clyburn said at state party headquarters in Columbia. “And so I will run a very vigorous campaign.”

Clyburn is among the oldest Democrats serving in Washington, and the only member of the last Democratic leadership team who is looking to stick around. Former Speaker Nancy Pelosi of California and former Majority Leader Steny Hoyer of Maryland both plan to retire at the end of their current terms.

Clyburn said that he sought counsel from his three daughters before making his announcement. One of them — Mignon Clyburn, a former member of the Federal Communications Commission — said she was concerned about the political vitriol that her father would face in Washington.

“Her interest was in her daddy and what she thought I might be subjected to,” Clyburn said. “When Mignon finally had decided that she could live with it, I’m here.”

Clyburn said he heard from another woman that “‘we don’t listen to them people up there, and you should not. You should listen to the people down here, and we don’t want you to leave.’ And so I’m responding to the people that are here.”

Clyburn served as majority whip and assistant Democratic leader. Remaining in Congress for another term could give him a chance to serve alongside the first Black speaker of the House as Rep. Hakeem Jeffries of New York is in line for the gavel should Democrats win control. Clyburn for many years was the highest-ranking Black lawmaker in the House.

On Thursday, asked about the prospect of being able to advise Jeffries, Clyburn said the two spoke recently about a possible working relationship in the next Congress.

“He expressed an interest in my being a part of his leadership, if we were to take the House back,” Clyburn said. “It made me feel necessary.”

Four years ago, when Clyburn announced his bid for a 16th term, he told the Associated Press that he intended to keep campaigning as long as his health and support from his family remained stalwart.

“I’ve told them, if you ever see that I need to go to the rocking chair or spend my spare time on the golf course, let me know,” he said describing his daughters’ counsel.

Clyburn won his 2024 reelection by more than 20 percentage points. First elected in 1992, he represents the district that sweeps from areas around the capital of Columbia through rural central and eastern counties down to Charleston.

Should he serve an 18th term, Clyburn would become the longest-serving South Carolinian ever in the U.S. House. Time horizons are longer for the state’s U.S. senators, two of whom — Republican Strom Thurmond and Democrat Fritz Hollings — served 48 years and nearly 39 years, respectively.

Filing for election in this year’s elections in South Carolina opens Monday and closes March 30. South Carolina’s primary elections will be held June 9.

Whenever Clyburn does leave office, the competition to be his successor will be fierce. He is the only Democrat representing his state in Washington.

As to whether his 18th term could be his last, Clyburn called that an “open question.”

“I’m looking forward to the day that I can spend more time reading, writing and playing golf, and so this could very well be to my last term,” he said. “And it could very well not be.”

Kinnard writes for the Associated Press.

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

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

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

Seoul Says Deterrence Remains Strong

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

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

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

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

Missile Defence Systems May Be Redeployed

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

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

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

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

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

Analysts Warn of Miscalculation Risks

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

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

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

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

Wider Regional Impact

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

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

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

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

With information from Reuters.

First troops touch down nearly a month after President Ramaphosa said organised crime threatened country’s democracy.

Soldiers have been deployed on the streets of South Africa’s biggest city nearly a month after the president announced the army would work alongside the police to tackle high levels of crime.

President Cyril Ramaphosa said in his annual State of the Nation address on February 12 that organised crime was the “most immediate threat” to South Africa’s democracy and economic development.

On Wednesday, troops touched down on the streets of Eldorado Park, a working class suburb in the country’s economic capital, Johannesburg, that has high levels of crime and gang violence.

Local media published pictures of armoured vehicles rolling into the area, and the Independent Online reported that local councillor Juwairiya Kaldine welcomed their arrival.

Soldiers were also seen in the Johannesburg suburb of Riverlea. Media reports said the soldiers were searching door-to-door.

South Africa’s national police service and the Department of Defence, which oversees the military, did not immediately provide details on the deployment. But the president said last month that the army will help the police service fight gang violence and illegal mining.

Ramaphosa said in a notice to the speaker of parliament that 550 soldiers would be involved in an initial deployment in Gauteng province, which includes Johannesburg, to help combat crime and preserve law and order.

That deployment would last until the end of April, he said.

The government plans a wider deployment in five of its nine provinces, according to details submitted by police to parliament.

The deployment will focus on illegal mining in the Gauteng, North West and Free State provinces, and gang violence in the Western Cape and Eastern Cape provinces.

Parts of the national deployment could last more than a year, police officials said.

South Africa has high rates of violent crime. Police reported 6,351 homicides from October to December 2025, an average of nearly 70 a day in a country of about 63 million people.

However, not all residents of crime-affected communities are pleased about the plan to deploy the army.

In the Cape Flats, an impoverished area of the Western Cape with high levels of gang violence, where troops will also likely deploy, people told Al Jazeera last month that the military will not help fix the root causes of the violence or the social ills that make it easy to recruit people into gangs.

“It’s a very dangerous thing to bring the army because there’s an impatience with the fact that the police are not doing their job,” Irvin Kinnes, an associate professor with the University of Cape Town’s Centre for Criminology, told Al Jazeera at the time, calling the move “political”.

“It’s to show that the political leaders have kind of heard the public. But the call for the army hasn’t come from the community. It’s come from politicians,” he said.

Frustrated players say they were left in the dark for days over their travel while England flew out within two days.

Cricket’s governing body has rejected suggestions of unequal treatment after the West Indies and South Africa squads were stranded in India for more than a week following their exit from the T20 World Cup, while England flew out in less than two days.

The International Cricket Council (ICC) has been accused of giving preferential treatment to one team over the other two amid the travel chaos resulting from airspace closures and rerouted flights because of the war in the Middle East.

However, the ICC said on Wednesday it “rejects any suggestion that these decisions have been driven by anything other than safety, feasibility and welfare”.

“We understand that players, coaches, support staff and their families who have completed their ICC Men’s T20 World Cup 2026 campaigns are anxious to return home,” it said in a statement.

Cricket West Indies said on Tuesday its squad had waited nine days for a charter flight that was “repeatedly delayed”, calling the uncertainty “increasingly distressing”.

West Indies ‌players were leaving India on commercial flights in batches 10 days after their scheduled departure, which led to frustrated players airing their thoughts in social media posts.

The ICC said nine West Indies players and staff members were already travelling to the Caribbean, with the remaining 16 booked on flights departing India within 24 hours.

Indian media reported that a charter flight for the West Indies and South ⁠Africa Twenty20 World Cup teams scheduled to fly to Johannesburg before continuing on to Antigua was cancelled earlier on Tuesday.

Meanwhile, South Africa, who have been stranded in ⁠India since March 4, will begin to fly home on Wednesday, with the entire contingent ⁠departing in the next 36 hours, the ICC said.

England flew home ‌less than two days after being beaten in the semifinals, prompting criticism of the ICC from the South African and West Indian camps.

Darren Sammy, head coach of West Indies, began venting his frustration on social media on the fifth day since his team’s exit from the T20 World Cup.

“I just wanna go home,” he wrote on X, followed by another tweet requesting an update after being left in the dark for five days.

Three days after South Africa were knocked out, in the first semifinal, their players Quinton De Kock and David Miller said the team had heard nothing from the ICC regarding their departure while England, who were eliminated a day later in the second semifinal had already left.

“England are leaving before us somehow?! Strange how different teams have more pull than others,” De Kock wrote in an Instagram story.

Miller, commenting on a post announcing England’s departure, said: “It doesn’t take the ICC long to organise England charter. WI have been waiting for 7 days for a charter and SA coming on 4 days now. And yet we still wait.”

The ICC said the criticism was “incorrect” and that there was no comparison between arrangements for South Africa and the West Indies and those made for England, “which arose from separate circumstances, routing options and different travel conditions”.

“Throughout this period, the ICC’s overriding ⁠priority has been the safety and welfare of everyone affected,” the sport’s global governing body said.

“We will not move people until we are satisfied that the travel ‌solution in place is safe, and that commitment will not change.”

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

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

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

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

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

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

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

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

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

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

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

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

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

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260311010002954

An Israeli air strike has heavily damaged a building in southern Lebanon’s Tyre district as Israeli forces continue to attack across the area. The army says it is targeting Hezbollah military infrastructure and has warned residents south of the Litani river to leave.

SEOUL, March 9 (UPI) — The United States and South Korea began their annual Freedom Shield joint military exercise on Monday, as speculation swirled that Washington may be shifting some military assets from the Korean Peninsula to the Middle East amid its widening conflict with Iran.

About 18,000 South Korean troops will participate in the exercise, which runs through March 19 and includes command-post simulations and field training drills. U.S. Forces Korea has not disclosed the number of American personnel involved.

The drills come as local media reports have raised questions about whether U.S. military equipment stationed in South Korea could be redeployed to support operations in the Middle East.

South Korea’s Yonhap News Agency reported Sunday that U.S. C-5 and C-17 transport aircraft landed at Osan Air Base in Pyeongtaek, south of Seoul, late last month before departing between Wednesday and Saturday.

The aircraft movements followed reports that U.S. Forces Korea relocated some Patriot missile defense systems to Osan from other American bases in the country.

Two Patriot batteries deployed with USFK were temporarily rotated to the Middle East in June last year during strikes targeting Iranian nuclear facilities, before returning to South Korea in October.

The Patriot system detects, tracks and intercepts drones, cruise missiles and short-range or tactical ballistic missiles at low- to mid-range altitudes. It forms a key component of South Korea’s layered missile defense network designed to counter threats from North Korea.

U.S. Forces Korea said last week it could not comment on the relocation or movement of its assets due to operational security.

South Korea’s Defense Ministry also declined to address the reports directly during a briefing Monday.

“There is constant communication between the U.S. military and our side,” ministry spokeswoman Jeong Bit-na told reporters. “We are always communicating closely to ensure that there are no security concerns or gaps.”

She added that the Freedom Shield exercise was proceeding as planned.

“The South Korea-U.S. joint exercise is being implemented normally regardless of the situation in the Middle East, and we are thoroughly implementing it as agreed and planned,” Jeong said.

The drills come as the administration of South Korean President Lee Jae Myung seeks to stabilize relations with Pyongyang, which routinely condemns the allies’ joint exercises as rehearsals for invasion.

The number of field training exercises during this year’s Freedom Shield has been reduced to 22, down from 51 conducted during the previous iteration of the drills under the conservative government of impeached former President Yoon Suk Yeol.

North Korea recently concluded a major congress of the ruling Workers’ Party, where leader Kim Jong Un pledged to expand the country’s nuclear arsenal and improve its delivery systems and operational capabilities.

At the same time, Kim appeared to leave the door open to future negotiations with the United States, saying there was “no reason” the two sides could not improve relations if Washington abandons what he described as its hostile policy.

Kim has previously said he has “fond memories” of U.S. President Donald Trump, whom he met three times during Trump’s first term. South Korean officials have pointed to Trump’s planned visit to China later this month as a possible opportunity to revive diplomacy with Pyongyang.

Kim has continued to take a hostile tone toward Seoul, however, recently describing South Korea as “the most hostile entity.”

Thousands of civilians have fled an opposition stronghold in eastern South Sudan after the army ordered evacuations to clear the way for a military offensive, the latest sign that the country’s fragile peace is unravelling, as fears of a return to all-out civil war haunt the world’s youngest nation.

The town of Akobo, near the Ethiopian border, was almost completely emptied by Sunday after the South Sudan People’s Defense Forces issued an ultimatum on Friday demanding that civilians, aid workers and United Nations peacekeepers leave ahead of a planned assault.

“The town is now almost empty,” said Nhial Lew, a local humanitarian official. “Women, children and the elderly have left and crossed into Ethiopia.” By Sunday evening, he could hear the conflict closing in. “We are hearing the sound of machine guns approaching,” he told the Associated Press news agency.

The army’s deadline was set to expire Monday afternoon.

The order extends a government counteroffensive, launched in January and dubbed Operation Enduring Peace, that has already displaced more than 280,000 people across Jonglei state since December, when opposition forces began seizing government positions.

The UN’s Commission on Human Rights in South Sudan warned of a possible “return to full-scale war” if the country’s leadership didn’t take the challenges it faces more seriously.

“Preventing further mass atrocity crimes, institutional collapse, and the destruction of South Sudan’s fragile transition requires urgent coordinated national, regional and international re-engagement,” the report said.

Akobo, which had been considered a relatively safe haven and sheltered more than 82,000 displaced people, is one of the last remaining strongholds of the Sudan People’s Liberation Movement-in-Opposition, or SPLM-IO, the armed movement loyal to South Sudan’s detained former vice president, Riek Machar.

Two UN flights evacuated most humanitarian staff on Sunday, though the International Committee of the Red Cross had not yet pulled its personnel from a surgical unit it runs at the local hospital, where wounded patients were still being treated.

“We are worried for our patients,” said Dual Diew, the county health director. “We tried to make a plan to take them to a safer location, but we don’t have enough fuel.”

The offensive comes amid a wider breakdown of the 2018 peace agreement that ended a civil war between forces loyal to President Salva Kiir and those backing Machar, a conflict that killed an estimated 400,000 people and forced millions from their homes.

Machar has been under house arrest in the capital, Juba, since March 2025, facing charges of treason and murder that his supporters say are politically motivated.

His detention coincided with a sharp rise in armed opposition activity, and a UN inquiry has since found that South Sudan’s leaders have been “systematically dismantling” the accord.

Conflicts have taken place across the country among groups associated with the two factions, said Jan Pospisil, a South Sudan researcher who spoke to Al Jazeera.

Dozens killed in the north

On Sunday, at least 169 people were killed, among them 90 civilians, including women and children, when armed men stormed a village in Abiemnom county in the country’s north.

The local administrator blamed the attack on elements of the White Army, a militia historically allied to Machar, alongside SPLM-IO-affiliated forces. The group denied any involvement. More than 1,000 people sought shelter at a UN base in the area.

“Such violence places civilians at grave risk and must stop immediately,” said Anita Kiki Gbeho of the UN mission in South Sudan.

Aid organisations operating in the conflict zone have also been targeted, with Doctors Without Borders, known by its French initials, MSF, saying on Monday that 26 of its staff remain unaccounted for, a month after a government air strike destroyed its hospital in the town of Lankien and a separate facility in Pieri was looted.

Staff who had been reached described “destruction, violence and extreme hardships”. It was the 10th attack on an MSF facility in 12 months.

“Medical workers must never be targets,” said Yashovardhan, the charity’s head of mission in South Sudan, who uses only one name.

Pospisil said the crisis had exposed the fragility of Kiir’s hold on power.

“The state is literally falling apart,” Pospisil said, referring to the convergence of conflict in the country and the elderly state of the president, whose condition has raised questions.

Pospisil added that the outcome of Machar’s ongoing trial would likely shape what comes next.

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

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

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

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

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

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

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

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

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

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260306010001693

March 6 (Asia Today) — South Korea’s consumer prices rose 2.0% in February from a year earlier, extending a six-month run of inflation at or above 2% as officials warned that rising oil prices linked to Middle East tensions could add fresh upward pressure in coming weeks.

The consumer price index stood at 118.40 in February, government data showed Thursday. The annual increase matched January’s rate and met the government’s inflation target, but the February figures did not yet fully reflect the late-month jump in global oil prices after the regional conflict intensified.

Service prices helped drive the increase. Personal services rose 3.5%, the sharpest gain in more than two years, while agricultural, livestock and fishery products rose 1.7%. Livestock prices climbed 6.0%, and the living-cost index, which tracks frequently purchased items, rose 1.8%.

Petroleum prices fell 2.4% from a year earlier, helping contain headline inflation in February. Officials said that decline was tied to earlier movements in international crude prices and that the latest Middle East shock had not yet been reflected in the monthly data.

Government officials said Lunar New Year holiday demand also pushed up prices for travel, lodging and livestock products.

The outlook has become more uncertain since the end of February. Nationwide gasoline prices moved above 1,800 won ($1.35) a liter, while prices in Seoul topped 1,900 won ($1.43), according to local reports citing Opinet, the Korea National Oil Corporation’s fuel price system.

President Lee Jae-myung has ordered officials to prepare a fuel price ceiling system, and the government has said it could invoke legal authority to set temporary maximum prices if fuel costs rise sharply. The industry ministry has also issued an early-stage alert for crude oil and natural gas supply conditions.

Analysts say higher crude prices and a weaker won could lift inflation in the coming months. ING said it raised its 2026 South Korea inflation forecast from 2.0% to 2.2%, estimating the recent oil shock could add 0.2 to 0.4 percentage point to consumer prices.

— 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=20260306010001666

March 8 (UPI) — On this date in history:

In 1817, the New York Stock Exchange was established.

In 1913, the Internal Revenue Service began to levy and collect income taxes in the United States.

In 1914, International Women’s Day was observed on March 8 for the first time and would go on to be marked on this day annually. The United Nations began officially celebrating the day in 1977.

In 1917, strikes and riots in St. Petersburg marked the start of the Russian Bolshevik revolution.

In 1921, after Germany failed to make its first war reparation payment, French troops occupied Dusseldorf and other towns on the Ruhr River in Germany’s industrial heartland.

In 1943, Allied planes led by the Royal Air Force bombed the German city of Nuremberg, an important military manufacturing site. By the end of World War II, the vast majority of the city was destroyed by Allied bombings.

In 1957, Egypt reopened the Suez Canal to international traffic after Israel withdrew from occupied Egyptian territory.

File Photo courtesy Imperial War Museum

In 1965, about 3,500 U.S. Marines landed in Da Nang, South Vietnam. It was the first deployment of a large U.S. ground combat unit to the country, marking the United States’s official entry in the Vietnam War.

In 1974, the streaking epidemic that had been gripped parts of the United States appeared to run its logical course.

In 1983, U.S. President Ronald Reagan referred to the Soviet Union as an “evil empire” in a speech before the British House of Commons.

In 1990, Colombia’s M-19 leftist guerrilla group surrendered its arms, ending 16 years of insurrection.

In 1999, baseball great Joe DiMaggio died at age 84.

File Photo by Ezio Petersen/UPI

In 2008, U.S. President George W. Bush vetoed legislation that would have outlawed severe interrogation methods such as waterboarding used by the CIA. Bush said the proposal would eliminate “one of the most valuable tools in the war on terror.”

In 2010, up to 500 people were killed in a nighttime “ethnic cleansing” raid on a village near Nigeria’s turbulent city of Jos.

In 2013, former Argentine President Carlos Saul Menem and ex-Defense Minister Oscar Camilion were convicted of smuggling weapons to Croatia and Ecuador.

In 2014, Malaysia Airlines Flight 370 carrying 239 people vanished over the Indian Ocean en route to Beijing from Kuala Lumpur. A massive search found no sign of the plane and a government statement months later said all aboard — 227 passengers and 12 crew members — “are presumed to have lost their lives.”

In 2022, David Bennett, a 57-year-old man who became the first to receive a heart transplant from a genetically modified pig, died two months after the historic surgery.

In 2024, a U.S. Defense Department report found no evidence that the U.S. government is aware of and concealing the truth about unidentified anomalous phenomena, or UFOs.

File Photo by Chip Somodevilla/UPI

TOKYO — Defending champion Japan hit four home runs — two by Chicago Cubs slugger Seiya Suzuki — to beat South Korea 8-6 on Saturday and stay undefeated in Pool C of the World Baseball Classic.

Dodgers star Shohei Ohtani and Masataka Yoshida also homered for Japan. Ohtani’s homer followed his grand slam Friday in a 13-0 win over Chinese Taipei.

Both teams showed more power than pitching, particularly in the first four innings in a slugfest as the two combined for five home runs topped by Suzuki’s pair at the Tokyo Dome.

Japan and Australia are 2-0 in Pool C play and meet Sunday as the two favorites to advance to the quarterfinals. In Sunday’s other game, South Korea (1-1) faces Chinese Taipei (1-2).

South Korea took a 3-0 lead in the top of the first inning off starter Yusei Kikuchi with consecutive singles by Do Yeong Kim, Jahmai Jones and Jung Hoo Lee and a two-run double by Bo Gyeong Moon.

Suzuki hit a two-run homer in the bottom of the inning to pull Japan back to 3-2.

Japan surged ahead 5-3 in the third on solo home runs by Ohtani, Suzuki and Yoshida.

South Korea played its own home-run derby in the top of the fourth, drawing even 5-5 on Hyeseong Kim’s two-run homer off Japan’s second pitcher, Hiromi Itoh. It was the fifth home run between the two teams through four innings.

Japan broke through in the seventh to lead 8-5. Young Kyu Kim, who entered in relief earlier in the inning, walked Suzuki with the bases loaded to force in a run, and Yoshida followed with a single to score two more.

The Koreans scored one in the eighth to make it 8-6 but left the bases loaded when Yuki Matsumoto struck out Hyeseong Kim.

Atsuki Taneichi was the winning pitcher with a save for Taisei Ota. Yeong Hyun Park took the loss.

New England Patriots quarterback Drake Maye was at the game on Saturday. On Friday, actor Timothée Chalamet and pop singer Bad Bunny showed up.

Fairchild’s grand slam powers Chinese Taipei to 14-0 win

Stuart Fairchild’s second-inning grand slam powered Chinese Taipei to a 14-0 victory over the winless Czech Republic.

The victory was Chinese Taipei’s first in the tournament and came the day after it was pounded 13-0 by Japan.

The game was stopped by the mercy rule with Chinese Taipei leading by 10 or more after seven innings.

Chinese Taipei played small ball for a 2-0 lead in the first inning, capitalizing on two bunt singles, a double steal and a throwing error by Czech catcher Martin Cervenka. They were Chinese Taipei’s first two runs of the tournament.

It was big ball in the second inning.

With two out, Czech pitcher Jan Novak gave up a single and walked two, setting the stage for Fairchild’s blast.

Chen Zhong-Ao Zhuang got the victory and Novak was the losing pitcher.

Chinese Taipei added two more runs in the fourth, another in the fifth and five in the sixth. They also set a WBC tournament record with seven stolen bases.

Fairchild, who qualified for the team through his Taiwanese mother, plays in the Cleveland Guardians organization.

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

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

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

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

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

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

Economic risks increasingly shape political debate

Analysts say economic shocks are now quickly becoming political issues.

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

Economic performance influences political approval

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

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

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

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

Corporate performance tied to government finances

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

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

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

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

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

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

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

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

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260306010001790

March 6 (Asia Today) — South Korean Unification Minister Chung Dong-young said Thursday that North Korea is operating uranium enrichment facilities in Yongbyon, Kangson and Kusong, marking the first time a senior South Korean official has publicly identified Kusong as a third such site.

Chung made the remarks during a plenary session of the National Assembly’s Foreign Affairs and Unification Committee. Until now, South Korea’s government and the International Atomic Energy Agency had publicly identified Yongbyon and Kangson as North Korea’s main uranium enrichment locations.

Chung said halting North Korea’s advancing nuclear capabilities should be the priority. He cited recent remarks by Rafael Grossi, head of the U.N. nuclear watchdog, and said North Korea’s enrichment facilities were producing 90% highly enriched uranium, a weapons-grade level. He also said Grossi had reported that another enrichment-related facility was being added at Yongbyon.

Kusong, a city in North Pyongan Province, has at times been mentioned by researchers and outside analysts as a possible nuclear-related site, but Chung’s statement was unusual because it came in an official public setting.

Chung also estimated that North Korea may have extracted about 100 kilograms of plutonium over six processing cycles during the past 30 years, including 16 kilograms last year, which he said would be enough to build roughly 20 plutonium-based nuclear weapons.

Asked about the effect of the recent U.S. strike on Iran on prospects for a new summit between North Korea and the United States, Chung said uncertainty had increased and that the development was “not a positive influence.”

— 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=20260306010001810

SEOUL, March 6 (UPI) — South Korea’s Unification Ministry called Friday for pursuing a declaration formally ending the Korean War, describing it as a step toward restarting dialogue with North Korea and easing tensions on the Korean Peninsula.

The ministry outlined the proposal in a policy report presented to the National Assembly’s foreign affairs and unification committee and shared with reporters, as part of President Lee Jae Myung’s broader effort to stabilize inter-Korean relations after years of heightened tensions.

Seoul “will promote a ‘peace declaration’ reflecting the political will to end the Korean War and initiate discussions on establishing a peace regime, including the signing of a peace treaty,” the report said.

North and South Korea remain technically at war because the 1950-53 Korean War ended with an armistice rather than a peace agreement.

The ministry said the declaration could serve as an initial step toward transforming the armistice system into a lasting peace framework and helping institutionalize what it described as a policy of “peaceful coexistence” between the two Koreas.

The report comes amid mixed signals from North Korea following its recent Workers’ Party congress, where leader Kim Jong Un said there was “no reason” Pyongyang could not improve relations with the United States if Washington abandons what he called its hostile policy.

Kim maintained his dismissive stance toward South Korea, however, calling it “the most hostile entity.” The Lee administration has pursued a series of confidence-building steps aimed at lowering tensions — efforts Kim described as “a clumsy deceptive farce.”

Lee has said South Korea aims to act as a “pacemaker” for renewed diplomacy between Washington and Pyongyang, working with regional partners to create conditions for dialogue between the United States and North Korea.

The ministry’s report noted that U.S. President Donald Trump has expressed willingness to address the unresolved wartime status of the Korean Peninsula and said Washington has reaffirmed its openness to talks with Pyongyang without preconditions.

Seoul said it will also seek the appointment of a U.S. special envoy for North Korea and expand coordination with neighboring countries to encourage the North to return to negotiations.

Despite those efforts, tensions could rise again soon.

South Korea and the United States are scheduled to begin their large-scale springtime military exercise, Freedom Shield, on Monday. Pyongyang routinely condemns the allies’ joint drills as rehearsals for an invasion, and the report noted that North Korea may respond with statements or military provocations.

Lebanon’s Hezbollah group urges Israelis to evacuate border areas as Israel continues to bomb the country.

The death toll from Israeli attacks on Lebanon this week has risen to at least 123 people, the Lebanese Ministry of Public Health says, as a new wave of strikes pounded the country and Hezbollah warned Israeli residents to evacuate towns within 5km (3 miles) of their northern border, in one of the fiercest fronts in the wider United States-Israel war on Iran.

“The toll from the Israeli aggression on Monday … increased to 123 martyrs and 683 wounded,” a ministry statement said on Thursday.

Lebanese state media said early on Friday that Israel had launched air strikes on several towns in southern Lebanon.

“Enemy warplanes launched nighttime strikes on the towns of Srifa, Aita al-Shaab, Touline, as-Sawana and Majdal Selem,” the official National News Agency (NNA) reported.

Another strike hit the eastern Lebanese town of Douris at dawn, the NNA said.

Hezbollah’s message to evacuate the border areas came less than a day after Israel threatened residents that they should leave Beirut’s southern suburbs, prompting a huge exodus from a swath of the capital’s densely populated area known as Dahiyeh, where some half a million people live.

The Israeli army said it has conducted 26 rounds of attacks in Dahiyeh. It claims to have hit various infrastructure used by Hezbollah, including the headquarters of the group’s Executive Council and a warehouse with drones.

“Your military’s aggression against Lebanese sovereignty and safe citizens, the destruction of civilian infrastructure and the expulsion campaign it is carrying out will not go unchallenged,” Hezbollah said.

Hezbollah claimed responsibility for a wave of attacks early on Friday on Israeli ground forces, including those who have entered Lebanon’s territory in recent days.

In a statement on Telegram, Hezbollah said its fighters had attacked Israeli forces in several areas, including Maroun al-Ras and Kfar Kila, within Lebanese territory.

Hezbollah also attacked Israel’s Yoav military camp in the occupied Golan Heights and a navy base in Israel’s Haifa port, the statement said.

There were no immediate reports of casualties.

Israel has said it will not evacuate its border towns and has sent more soldiers into Lebanon, claiming it was a defensive measure meant to protect its citizens who live nearby.

In contrast, tens of thousands of people in Lebanon have fled their homes after threats from Israel, with a mass exodus from Beirut’s southern suburbs leaving the area “almost empty”, the NNA said.

Hundreds of displaced families were left to seek shelter on a Beirut beach, where they waited despondently – many for the second time, after evacuating during a 2024 war between Israel and Hezbollah.

‘We are not animals’

Zeina Khodr, reporting from Beirut, said the humanitarian crisis is growing rapidly, as people seeking shelter can be seen “on the side of the roads on almost every corner”.

“There aren’t enough schools to shelter the hundreds of thousands of people who were forced to flee their homes after Israel’s forced displacement threat for Beirut’s southern suburbs yesterday,” she said.

“People are telling us: ‘We are not animals; we are human beings, our children are cold.’”

She noted that the Lebanese government has opened a number of shelters and told people to head to the north of the country.

Khodr added: “But many do not have any means of transport. It’s not just Lebanese who live in Beirut’s southern suburbs, but also Syrian refugees and Palestinian refugees.”

Lebanon was pulled into the war in the Middle East on Monday, as Hezbollah opened fire, prompting Israeli air strikes focused on Beirut’s southern suburbs and on southern and eastern Lebanon.

The war has rekindled fighting between Israel and Iran-allied Hezbollah fighters, and Israel launched a series of air raids late on Thursday into Friday in the southern suburbs of Beirut and other areas.

March 5 (Asia Today) — A South Korean lawmaker said Wednesday that the country’s Cheongung-II surface-to-air missile system demonstrated high effectiveness in real combat conditions in the Middle East, citing reports of a 96% interception rate during recent missile attacks on the United Arab Emirates.

Rep. Yoo Yong-won of the conservative People Power Party, who serves on the National Assembly’s Defense Committee, said the result showed the strength of South Korea’s defense technology.

“The fact that Cheongung-II achieved an interception rate exceeding 90% in an intense real-world combat environment in the Middle East is a great victory for South Korea’s defense science and technology,” Yoo said.

According to information Yoo said he confirmed with sources familiar with the United Arab Emirates air defense operations, two Cheongung-II missile batteries deployed in the UAE fired more than 60 interceptor missiles during recent attacks.

About 96% of those missiles successfully intercepted their targets, the sources said.

Cheongung-II is a medium-range surface-to-air interceptor missile system developed by South Korea to defend against aircraft and ballistic missile threats.

Yoo said the reported interception rate was notable even compared with leading Western air defense systems.

“A 96% real combat interception rate is a figure that even the U.S. Patriot system would find difficult to achieve,” he said, referring to the Patriot Advanced Capability-3 system widely used in missile defense operations.

The lawmaker said the performance of the Cheongung-II system could strengthen confidence in South Korea’s Korean Air and Missile Defense architecture, which is designed to counter potential missile threats from North Korea.

“The Cheongung-II deployed by the UAE is the same model currently operated by the South Korean military,” Yoo said. “Its success in neutralizing Iranian missile attacks increases the credibility of our missile defense system.”

The remarks come amid escalating tensions in the Middle East following U.S. and Israeli airstrikes on Iran and subsequent missile retaliation across the region.

The United Arab Emirates reportedly used a multi-layered air defense network during the attacks, combining U.S.-made THAAD and Patriot systems with South Korea’s Cheongung-II and Israeli air defense systems including Arrow and Barak-8.

Despite large-scale missile and drone attacks, the UAE is reported to have achieved an overall interception rate exceeding 90%, limiting damage.

Yoo said South Korea’s parliament would support further development and exports of the missile system.

“We will provide strong legislative and policy support so that Cheongung-II, whose performance has been proven in real operations, can expand exports across the Middle East and global defense markets,” he 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=20260305010001399

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

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

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

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

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

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

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

Meanwhile, KZ Precision criticized Young Poong’s management.

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

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

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

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

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