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The Sun
6 days ago
- Business
- The Sun
PM Anwar congratulates President Lee on South Korea election victory
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has extended his warmest congratulations to Lee Jae-myung on his election as the President of South Korea. He said that this marks a turning point for South Korea, a nation that has emerged from a period of intense contest and scrutiny with resilience and democratic resolve. 'The people have spoken for renewal of trust, of institutions, and of national purpose,' he said in a Facebook post today. 'I welcome the opportunity to work with President Lee to deepen the friendship between our nations: in trade and technology, in peace and security, and the enduring ties between our peoples. Malaysia-South Korea ties were elevated to a Strategic Partnership in November 2024, a milestone reflecting both nations' shared ambitions. Anwar said Malaysia, as Chair of ASEAN for 2025, hopes to see ASEAN play a more prominent role in South Korea's regional outlook. South Korea currently chairs the Asia-Pacific Economic Cooperation (APEC). 'As Chairs of ASEAN and APEC in 2025, respectively, Malaysia and South Korea are well placed to lead impactful regional initiatives. 'In a time of global flux, a deeper partnership between Southeast Asia and South Korea will be indispensable to us all,' he said. Anwar also wished Lee wisdom and success in the journey ahead and said he looks forward to meeting him in Kuala Lumpur this October for the ASEAN Summit, and again in Gyeongju, South Korea, for the APEC Economic Leaders' Meeting later that month. Lee formally began his five-year term today after the National Election Commission (NEC) confirmed his election victory during a plenary session. The liberal Democratic Party (DP) candidate won the election with 49.42 per cent of the vote, defeating his rival Kim Moon-soo of the conservative People Power Party, who garnered 41.15 per cent.
The Sun
6 days ago
- Business
- The Sun
PM Anwar congratulates President Lee
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has extended his warmest congratulations to Lee Jae-myung on his election as the President of South Korea. He said that this marks a turning point for South Korea, a nation that has emerged from a period of intense contest and scrutiny with resilience and democratic resolve. 'The people have spoken for renewal of trust, of institutions, and of national purpose,' he said in a Facebook post today. 'I welcome the opportunity to work with President Lee to deepen the friendship between our nations: in trade and technology, in peace and security, and the enduring ties between our peoples. Malaysia-South Korea ties were elevated to a Strategic Partnership in November 2024, a milestone reflecting both nations' shared ambitions. Anwar said Malaysia, as Chair of ASEAN for 2025, hopes to see ASEAN play a more prominent role in South Korea's regional outlook. South Korea currently chairs the Asia-Pacific Economic Cooperation (APEC). 'As Chairs of ASEAN and APEC in 2025, respectively, Malaysia and South Korea are well placed to lead impactful regional initiatives. 'In a time of global flux, a deeper partnership between Southeast Asia and South Korea will be indispensable to us all,' he said. Anwar also wished Lee wisdom and success in the journey ahead and said he looks forward to meeting him in Kuala Lumpur this October for the ASEAN Summit, and again in Gyeongju, South Korea, for the APEC Economic Leaders' Meeting later that month. Lee formally began his five-year term today after the National Election Commission (NEC) confirmed his election victory during a plenary session. The liberal Democratic Party (DP) candidate won the election with 49.42 per cent of the vote, defeating his rival Kim Moon-soo of the conservative People Power Party, who garnered 41.15 per cent.
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Korea Herald
13-05-2025
- Business
- Korea Herald
[Contribution] Why APEC economic leaders must confront demographic crisis
By Joo Hyung-hwan, vice chair of the Presidential Committee on Ageing Society and Population Policy At the end of this October, the leaders from across the Asia-Pacific will gather in Gyeongju for the APEC Economic Leaders' Meeting, held under the theme, 'Building a Sustainable Tomorrow.' One of the most urgent and widely shared challenges facing APEC member economies is the demographic shift driven by low fertility rates and rapidly ageing populations. As the country with the world's lowest birth rate and the fastest-ageing population, Korea — this year's APEC chair — has identified 'Responding to Demographic Change in the Asia-Pacific Region' as a key deliverable of the meeting. This is a challenge that must be addressed head-on to ensure long-term sustainable development. In June last year, Korea declared a national emergency about the population and has since held monthly emergency population response meetings to advance policies tackling low birth rates and ageing. To foster a shared understanding among APEC member economies that demographic change is a common and pressing concern, Korea should consider proposing the 'Gyeongju Declaration on Joint Response to Demographic Change' as the flagship outcome of this year's Economic Leaders' Meeting. This declaration would outline clear, collective goals for the Asia-Pacific region and signal the beginning of deeper regional cooperation on one of the defining issues of our time. To that end, working-level groups must engage in substantive, in-depth discussions on population-related challenges. Joint research among member economies' institutions — alongside focused ministerial meetings — should address key areas such as balancing work and family, affordable and high-quality child care and elderly care systems, sustainable pension reform, labor market issues including continued employment for seniors and migration, as well as education, gender equality and the silver economy. The APEC CEO Summit and related business forums, held in parallel with the Economic Leaders' Meeting, also offer timely platforms to elevate the population agenda. The idea of inviting Elon Musk as a special guest for a dialogue session could be considered. In 2022, Musk claimed that Korea is "tracking to lose about half its population roughly every generation' — a claim that, if it were actually true, could catalyze high-level conversations among global leaders, innovators and business executives. In addition, Korea could propose hosting an 'Age-Tech Exhibition' as a side event, with full participation from APEC member economies. As cutting-edge technologies — such as AI, IoT, robotics and biotechnology — converge with senior care solutions. With population ageing accelerating globally, what some in Korea call "age-tech" is emerging as a new growth engine. Hosting such an exhibition would not only showcase Korea's technological leadership, alongside recent technological developments from other member economies, but also foster meaningful cross-border collaboration and industry growth. Another ambitious idea is the establishment of a joint fund for responding to population change, aimed at strengthening cooperation among APEC economies and supporting developing countries facing similar demographic pressures. Korea already has experience in hosting international organizations with the establishment of the Green Climate Fund and the Global Green Growth Institute to support sustainable development. Korea will be able to take the lead once again in designing a collective response to a defining long-term issue. The upcoming APEC Economic Leaders' Meeting — returning to Korea for the first time in two decades — represents a pivotal opportunity to revitalize the Korean economy and reaffirm its role in regional leadership. Its success is not only a national imperative but also a chance to help shape the global agenda. By proposing bold, forward-thinking initiatives that align with global trends and offer shared value, Korea can turn the historic city of Gyeongju into a global forum for demographic dialogue. If meaningful strategies emerge, the APEC 2025 will be remembered as one of the most impactful in APEC's history.
Yahoo
29-03-2025
- Business
- Yahoo
Trump Organization Invests $1.5 Billion In Luxury Golf And Urban Project In Vietnam Amid Tariff Uncertainty
The Trump Organization is investing $1.5 billion in a high-end golf course and urban complex project in northern Vietnam, slated for completion in March 2027. What Happened: The project is located in the Hung Yen province and is expected to be ready in time for the APEC Economic Leaders' Meeting in 2027. Charles James Boyd-Bowman, CEO of IDG Capital Vietnam, which represents the Trump Organization in Vietnam, revealed this information during a meeting with Vietnamese Prime Minister Pham Minh Chinh last Tuesday, reported Reuters. The Trump Organization did not immediately respond to Benzinga's request for project, reportedly set to break ground in May, includes three 18-hole golf courses and a residential complex. It is the largest in East Asia for the Trump Organization. The first two courses are expected to be operational by mid-2027. The consortium is also considering investments in three or four projects in Vietnam in total. The Trump Organization, led by Eric Trump, will oversee the facilities. Why It Matters: This move comes despite the risk of U.S. tariffs on Vietnam, which has one of the world's largest trade surpluses with Washington. In 2024, the country exported goods equivalent to 30% of its GDP to the Vietnamese PM also encouraged the Trump Organization to expand its investment in Vietnam, emphasizing the potential for more U.S. capital in the country. He urged the firm to strengthen partnerships with local enterprises, integrating them into its global supply chain and ecosystem. Boyd-Bowman's company is collaborating with Vietnamese authorities to speed up the project, while Prime Minister Chinh pledged a thorough yet swift review to ensure legal compliance and stakeholder interests. Vietnam is addressing the trade gap and tariff concerns by increasing U.S. imports and reducing trade barriers. The country is also allowing Elon Musk's Starlink to operate in the country under a pilot scheme that maintains local control while bypassing foreign ownership restrictions. Read Next: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Trump Organization Invests $1.5 Billion In Luxury Golf And Urban Project In Vietnam Amid Tariff Uncertainty originally appeared on
