
Lee to unveil NK policy vision in Liberation Day speech
'President Lee will set out the fundamental principles that the government must uphold in pursuing future North Korea and unification policy,' presidential spokesperson Kang Yu-jung said of the outline of Lee's congratulatory speech during Thursday's press briefing.
The fundamental principles encompass the Lee administration's perception of inter-Korean relations and stance toward the North Korean regime, according to Kang.
Kang further explained that the speech would focus on 'declaring the Lee Jae Myung administration's vision and basic direction for North Korea and unification policy, rather than making specific proposals to Pyongyang.'
"President Lee also plans to emphasize the importance of peace and the need to restore trust between the two Koreas,' Kang said, citing deteriorating inter-Korean ties over the past three years and deepening mutual distrust as the reason.
'Lee will assess the significance and spirit of major agreements reached during past inter-Korean talks and express his intention to uphold and respect them,' Kang added.
Kang further disclosed that Lee will also "stress the need for international cooperation to achieve a nuclear-free and peaceful Korean Peninsula" in light of the advancement of North Korea's nuclear capabilities and the growing volatility of the international situation surrounding the Korean Peninsula.
On diplomacy, Lee's address will focus primarily on bilateral ties between Seoul and Tokyo.
'As President Lee has previously stated, he will reaffirm the principle of addressing historical issues between the two countries based on principle, while presenting a direction for advancing future-oriented cooperation grounded in mutual trust and policy continuity,' Kang said.

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Korea Herald
19 minutes ago
- Korea Herald
President Lee invites chaebol chiefs to people's appointment ceremony
President Lee Jae Myung has invited the chiefs of Korea's top 10 chaebol to a special ceremony marking his appointment to be held at Gwanghwamun Square in Seoul on Friday. According to industry sources, Samsung Electronics Chairman Lee Jae-yong, Hyundai Motor Group Executive Chair Chung Euisun, SK Group Chairman Chey Tae-won, LG Group Chairman Koo Kwang-mo, GS Group Chairman Huh Tae-soo, Hanwha Group Vice Chairman Kim Dong-kwan, HD Hyundai Vice Chairman Chung Ki-sun and Lotte Group Chairman Shin Dong-bin are expected to attend the event dubbed "People's Appointment Ceremony." Leaders of the nation's six major business associations, including Federation of Korean Industries Chairman Ryu Jin, will also be present. Posco Group Chief Chang In-hwa, however, will not attend the event despite being invited. The steelmaker, grappling with a series of industrial accidents and heightened scrutiny, has reportedly opted to focus on safety management, conveying its decision to the presidential office. While the chaebol chiefs will attend the appointment ceremony, only the heads of the six business organizations will participate in the foreign dignitaries' dinner scheduled for later in the day. The gathering underscores the administration's outreach to the corporate sector ahead of key diplomatic and trade events. Friday's ceremony comes as Lee did not have a formal inauguration ceremony. He took office immediately after winning the June 3 presidential election, which was triggered by the ouster of former President Yoon Suk Yeol. The inauguration will take place at Gwanghwamun Square at 8 p.m. with more than 3,500 people in attendance. Notably, the leaders of the four major conglomerates will join the Korea-US summit as part of the business delegation from Aug. 24 to 26 in Washington, D.C. Chiefs of Samsung, SK, Hyundai and LG and Hanwha are expected to accompany the president during the visit. Earlier in August, just nine days into his term, President Lee hosted the chiefs of the five largest business groups and the heads of the six major economic organizations at the presidential office. Ahead of upcoming bilateral tariff negotiations with the US, he also held separate talks with Samsung's Lee, Hyundai's Chung, SK's Chey, LG's Koo and Hanwha's Kim to discuss pending trade and investment issues.
![[Exclusive] Consulting firm hired by Hyundai Rotem under investigation in Poland](/_next/image?url=https%3A%2F%2Fwimg.heraldcorp.com%2Fnews%2Fcms%2F2025%2F08%2F15%2Fnews-p.v1.20250815.6a20b5c6c5ce43828bf2426464fd3b30_T1.jpg&w=3840&q=100)
![[Exclusive] Consulting firm hired by Hyundai Rotem under investigation in Poland](/_next/image?url=https%3A%2F%2Fall-logos-bucket.s3.amazonaws.com%2Fkoreaherald.com.png&w=48&q=75)
Korea Herald
an hour ago
- Korea Herald
[Exclusive] Consulting firm hired by Hyundai Rotem under investigation in Poland
Hyundai Rotem confirmed Friday that it had signed a consulting contract with a Polish firm that is currently under investigation by local authorities for alleged invoice falsification. The company stressed that the agreement complied with the law and followed standard international defense export practices, indicating no involvement in the probe. The company's statement followed an Aug. 8 report by Polish broadcaster Tvn24, which said prosecutors, tax officials and counterintelligence authorities are investigating a Warsaw-based consulting firm that received nearly 100 million zloty ($27.3 million) from a South Korean arms manufacturer between 2022 and 2023. The report was released without the name of the consulting company or which South Korean arms exporter had signed the contract. The consulting firm is suspected of issuing potentially fraudulent invoices related to weapons procurement contracts signed between South Korea and Poland. Citing Polish government data, the report said the company was established in 2019 by two Korean nationals. While no charges have been filed, investigators are looking into possible illegalities in the flow of funds from the firm to possible third-party recipients, it added. Mariusz Blaszczak was Poland's defense minister when the first K2 tank deal was signed in 2022. Reports have suggested that the ongoing investigation may be politically motivated, potentially targeting Blaszczak. The ongoing investigation centers on whether two multimillion-zloty invoices issued by the consulting firm contained false statements that could affect public debt assessments — a violation that carries a maximum sentence of 25 years in prison under Polish criminal law. The report did not name specific Korean companies that the consulting company had worked with. However, it listed arms imported by Korean companies such as K2 Black Panther tanks, K9 self-propelled howitzers and FA-50 fighter jets. Meanwhile, an industry source in Seoul told The Korea Herald on Friday that among the three — K2 maker Hyundai Rotem, K9 self-propelled howitzer manufacturer Hanwha Aerospace and FA-50 fighter jet producer Korea Aerospace Industries — Hyundai Rotem was the only company confirmed to have used a local agent in Poland. When asked by The Korea Herald, Hyundai Rotem acknowledged that it had signed the contract to support its 2022 K2 tank exports to Poland. 'It was our first export contract with Poland, and as is customary in overseas defense deals, we worked with a local agent familiar with on-the-ground conditions,' a Hyundai Rotem spokesperson told The Korea Herald. The company's spokesperson added that the deal was reviewed and cleared by both the Polish Armament Agency and South Korea's Defense Acquisition Program Administration. 'There are no legal issues with our transactions. Both DAPA and the Polish Armament Agency have confirmed this,' the spokesperson said, adding that the invoices under investigation appear to have been issued by subcontractors of the consulting firm — not by the agent itself or Hyundai Rotem. DAPA also confirmed that Hyundai Rotem had formally contracted the local firm, and said the scope of services and fee structure were consistent with anti-corruption guidelines. 'Using a local agent is legal under Polish regulations, provided strict transparency and oversight requirements are met,' a DAPA official told The Korea Herald on Friday. Hyundai Rotem described the Polish contractor as a general trading company that provided legal and cultural support essential for overseas military exports. The company added that it had also worked with another local agent for a recent contract in Peru, where it similarly lacked a local network. Romania is also reportedly being considered as the company's next partner country, where it currently has no established local presence. Meanwhile, Hyundai Rotem also noted that while the 100 million zloty payment may appear sizable, it accounted for just 0.0084 percent of the overall contract value. In 2022, the company signed a deal to export 180 K2 tanks to Poland worth approximately 4.5 trillion won ($3.24 billion). More recently, on Aug. 1, South Korea and Poland signed an additional agreement for more K2 tanks, in a ceremony attended by South Korean Defense Minister Ahn Gyu-baek and Polish Deputy Prime Minister and Defense Minister Wladyslaw Kosiniak-Kamysz. The event followed a contract previously signed by Hyundai Rotem CEO Lee Yong-bae and Polish Armament Agency head Artur Kuptel, according to South Korea's Defense Ministry. Since Russia's invasion of Ukraine in 2022, Poland has sharply increased its defense spending, emerging as one of the largest buyers of South Korean arms. According to the Korea International Trade Association, Poland's imports of Korean defense equipment — including K2 tanks, FA-50 jets and K9 howitzers — amounted to approximately 19.4 trillion won in 2022. Hyundai Rotem has been among the main beneficiaries, with its stock price on the benchmark Kospi rising from 17,650 won in January 2022 to a peak of 225,500 won in June 2025, before settling around 179,900 won.


Korea Herald
3 hours ago
- Korea Herald
Full text: President Lee Jae Myung's national address on Korea's 80th Liberation Day
Below is an unofficial translation of President Lee Jae Myung's national address on Korea's 80th Liberation Day, as provided by the presidential office. — Ed. My fellow 52 million Korean citizens and 7 million Koreans overseas, decorated independence activists and relatives of the dearly departed, Eighty years ago today, we reclaimed the light that had been wrested from us. The light that once again touched our hearts and brightly illuminated every corner of the Korean Peninsula was not freely obtained. It was won through the dedication and sacrifices of countless individuals who risked their lives with an indomitable will for the sake of national liberation and a fervent desire to restore our sovereignty. Liberation Day is not simply the day we regained our independence. It is also the day we reclaimed the freedom and the right to determine our own future and choose the course of our lives. Over the past 80 years, the Republic of Korea has made remarkable progress. Among all the countries that gained independence from colonial rule, only Korea managed to achieve both industrialization and democratization simultaneously. We are now standing tall as an advanced democracy that has the world's fifth-strongest military and 10th-largest economy. Independence activist Kim Koo's dream of Korea becoming a cultural powerhouse is also coming true. People around the world are singing in our language and consuming our films, television dramas, comics, literature and other content. These achievements were made possible through the passion of independence fighters and patriotic forebears committed to building a strong and prosperous nation — one that will never again be taken away. As the ancient saying goes, 'When drinking water, remember its source.' It behooves us, as a nation enjoying freedom and prosperity, to honor the sacrifices and dedication of those who made the Republic of Korea what it is today. Honoring the proud history of our struggle against imperial Japan and upholding the prestige of decorated independence activists is how we protect our community's past, present and future. We must no longer tolerate any acts that deny the history of our independence struggle and insult our independence heroes. If we turn our backs on those who sacrificed themselves for us all, who will step forward when our community faces yet another crisis? The more deeply we honor and respect those who made the ultimate sacrifice for our community, the stronger our community will become. My administration will faithfully chronicle the history of our struggle for independence and remember it together with the people. We will treat our surviving patriotic heroes with the highest respect and further expand the scope of compensation for the bereaved families of decorated independence activists. The overseas remains of decorated independence activists will be repatriated as soon as possible. We will also work to identify any independence activists not yet formally recognized, ensuring that all are duly honored. My beloved fellow Koreans, our history has been long and winding, a challenging journey that culminated in the Revolution of Light. It has been a constant struggle to reclaim and safeguard the light that was taken from us. The great spirit of the March First Independence Movement gave rise to the Provisional Government, igniting and spreading the flames of our independence struggle across all of Korea and around the world. At last, we reclaimed our guiding light. Even amid the bleak, dark despair of national division and war, our people never lost hope. Even in the brutal chill of dictatorship, we managed to keep that precious light alive. The April 19 Revolution, the May 18 Democratization Movement and the June 10 Democratic Protest brought forth democracy's radiant light. Through the two peaceful, bloodless revolutions — unprecedented in world history — we showed the whole world that this land is a democratic republic where popular sovereignty truly reigns. The Revolution of Light that began last December and continued until April this year was a deeply moving time when the 'Lamp of the East' that Tagore once celebrated glittered with a multicolored display of cheering sticks. It was through darkness that we came to understand the value of light, and it was through light that we found the courage to confront darkness. We must stand together to ensure that the light reclaimed through liberation will never again be taken from us and that the light that survived dictatorship and insurrection will never be snuffed out. This, I believe, is the true fulfillment of the Revolution of Light and the way to repay our fallen heroes for their noble sacrifices. Fellow Koreans, even amid hardships, our ancestors dreamed of a prosperous, powerful nation — a world where everyone can thrive together. Even in the face of death, they championed peace in the East. Despite the wounds inflicted by aggression, they thirsted for the power of a sophisticated culture. However, our nation's unforeseen division became an obstacle that hampered their ardent aspirations. National division has not only severed our territory, but has become a massive barrier that divides our people. Forces seeking private gain have exploited this division to endlessly pit our people against each other and cause splits in public opinion. Having suppressed democracy and restricted popular sovereignty, they even made an atrocious attempt to embroil our nation in the ravages of war. Now, we must tear down our own inner barriers. Only then can we begin to create the nation our forebears envisioned. The bitter lesson we have learned over the past 80 years is that hatred, loathing, conflict and confrontation resolve nothing — they only pose grave threats to democracy and the people's lives. When we transform the dark energy of division and exclusion into the bright energy of inclusion, unity and solidarity, our society can take a giant step closer to a better future. In the face of crisis, our people have always risen above petty differences to unite as a greater whole. It was the Korean people who, overcoming the sorrow of losing their nation, gave their lives for independence; who rose from the ashes of war to accomplish a remarkable industrialization; who weathered the 1997 foreign exchange crisis through the gold collection campaign; and who safeguarded our constitutional order against an armed insurrection. Regrettably, however, our politics have failed to meet our people's expectations and standards. Now, we must change our political culture. When politics is once again about pursuing the public good rather than private gain, and when citizens are freed from the abnormal condition of worrying about politics, the entrenched barriers of conflict and hatred within us will also vanish. I would like to take this opportunity to once again urge everyone to work together and transcend divisive politics based on outdated ideologies and factionalism. I propose that we create politics of solidarity and mutual benefit founded on dialogue and concessions. Let's join hands and work to build the strong, prosperous nation our forebears longed for — a nation where everyone thrives together, a true democratic republic where popular sovereignty is fully realized. Fellow Koreans, the inter-Korean confrontation that has persisted due to division threatens our lives, constrains economic development and presents a serious obstacle to our country's future. Now is the time to move beyond outmoded Cold War mentalities and confrontation and usher in a new era of peace on the Korean Peninsula. Everyone knows that the long-drawn-out hostility benefits people in neither of the two Koreas. Through our history, we have bitterly experienced the misfortunes that arise when peace is disrupted. Peace is the foundation of a secure daily life, the bedrock of democracy and a prerequisite for economic development. More important than winning a fight and more important than winning without a fight is building a state where fighting is unnecessary — that is, creating peace. Inter-Korean dialogue, which had been maintained through countless ups and downs, was completely halted during the previous administration. The more tangled the thread, the more patiently, calmly and carefully we must work to unravel it. Before discussing the distant future, we must first immediately restore trust and revive dialogue. Trust is built through actions, not words. The current government of popular sovereignty took measures immediately after its inauguration. These included halting the launch of balloons loaded with anti-North leaflets and suspending loudspeaker broadcasts directed at North Korea. Going forward, our government will take consistent measures to substantially reduce tensions and restore trust. South and North Korea share a special relationship that involves pursuing peaceful reunification while respecting and recognizing one another's systems. Embodied in the Agreement on Reconciliation, Non-aggression and Exchanges and Cooperation between the South and the North, this spirit permeates all inter-Korean agreements — from the June 15th South-North Joint Declaration, the Oct. 4 Declaration of the Inter-Korean Summit in 2007 and the Panmunjom Declaration for Peace, Prosperity and Unification of the Korean Peninsula through to the Pyongyang Joint Declaration of September 2018. Our government will respect existing agreements and immediately implement any possible measures. First, we affirm our respect for the North's current system, aver that we will not pursue any form of unification by absorption and assert that we have no intention of engaging in hostile acts. In particular, to prevent accidental clashes between South and North Korea and to build military trust, we will take proactive, gradual steps to restore the Sept. 19 Military Agreement. Furthermore, in line with the principles of common interest, co-prosperity and mutual aid, we will strive to restore the basis for exchanges and cooperation and foster conditions for shared growth. Doing so may lead to substantial improvements in the lives of both South and North Koreans. With this year marking the 80th anniversary of liberation, now is an opportune time to end the era of confrontation and hostility and jointly usher in a new era of peaceful coexistence and shared growth on the Korean Peninsula. I hope that North Korea will reciprocate our efforts to restore trust and revive dialogue. A peaceful Korean Peninsula must be free of nuclear weapons and founded on friendly cooperation with neighboring countries. Denuclearization is a complex and difficult task that cannot be resolved quickly. However, inter-Korean and US-North Korea dialogue as well as international cooperation will help us approach a peaceful resolution. At the same time, we will strive to broaden international support and build consensus for peninsular peace and the advancement of inter-Korean relations. Fellow Koreans, this year marks the 80th anniversary of liberation and the 60th anniversary of the establishment of diplomatic relations between Korea and Japan. It is time to squarely face the past while also wisely stepping forward into the future. Given our countries' long, fraught history, redefining Korea-Japan relations is a crucial task. Some among us are still suffering from unresolved historical issues. As well, differing perspectives continue to spawn conflicts. At the same time, we still remember the dreams of our independence activists. Even while resisting Japan's harsh colonial rule, our forebears never lost hope that Korea and Japan could one day become true neighbors. We must preserve this aspiration. Japan is our neighbor across the sea as well as an indispensable partner in our economic development. When Korea and Japan normalized diplomatic relations 60 years ago, only about 10,000 people traveled between the two countries annually. These days, however, that figure has reached 12 million. Our national clout has also grown incomparably stronger than it was back then. Korea and Japan have achieved industrial development in tandem. As such, we will be able to overcome the challenges of the artificial intelligence era, which is marked by competition to secure a commanding lead, when our two countries pursue future-oriented cooperation based on mutual trust. Guided by the principle of pragmatic, national interest-focused diplomacy, we will seek forward-looking, mutually beneficial cooperation with Japan while holding frequent meetings and frank dialogues through shuttle diplomacy. The stronger the trust, the higher the quality of cooperation. I hope that the Japanese government will squarely face up to our painful history and strive to maintain trust between our two countries. I believe that such efforts will bring greater shared benefits and a brighter future for both sides. Fellow citizens, now we are all in the midst of a vortex of monumental changes. We must wisely navigate the polycrisis of realigned supply chains and sudden shifts in the trade order, the great industrial transformation driven by competition in cutting-edge technology and the energy transition necessitated by the climate crisis. The Korea-US tariff negotiations are just one wave in this storm. More waves will surge forward in quick succession in the months ahead. If we fail to properly respond to this rapidly changing order, our nation's future will become insecure and our people's lives will fall in jeopardy. In the past, we failed to keep up with the changing international trends and were caught between the great powers and pushed around, ultimately losing our sovereignty. We cannot repeat the mistakes of 120 years ago, in the Year of Eulsa. The year 2025 — also an eulsa year — has to be different. It is entirely up to us whether we are swept away by towering waves and shipwrecked, or whether we turn this crisis into an opportunity and surge ahead. Fall a single step behind, and you become a weary follower; move just half a step ahead, and you become a leader with boundless opportunities. We must actively respond to changes by fostering semiconductors, artificial intelligence and other types of cutting-edge science and technology. We must boldly usher in the future by accelerating the energy transition, including through initiatives like the Energy Highway. We must also further develop our culture and take the global lead in soft power. Only then can we usher in a new century of progress. The path ahead is uncharted, but we can succeed. The light of self-reliant independence that our forebears reclaimed and the light of democracy that our people achieved will guide our way forward. If our people's great potential is rekindled, we will be able to forge a path ahead without getting lost, just as we have managed to stay on course even in times of darkness. Let's move together to create a Republic of Korea that leads the world, a nation brimming with peace and prosperity, a nation where the light of popular sovereignty never dims. Thank you.