Latest news with #BOROWIEC
Nikkei Asia
7 days ago
- Politics
- Nikkei Asia
North Korea denounces massive planned South Korea-US military drills
South Korean army tanks cross a pontoon bridge during a U.S.-South Korea joint military training near the demilitarized zone separating the two Koreas in Yeoncheon, South Korea, in March. © Reuters STEVEN BOROWIEC August 11, 2025 16:44 JST SEOUL -- North Korea on Monday condemned South Korea and U.S. plans to start some of the largest military exercises in the Asia-Pacific region next week, on the same day a U.S. military official said the drills are intended to "bolster readiness and defensive posture."
Nikkei Asia
03-07-2025
- Business
- Nikkei Asia
South Korea's Lee says deadline deal on US tariffs will be 'difficult'
South Korean President Lee Jae Myung delivers a speech on the second supplementary budget proposal for 2025 at the National Assembly in Seoul on June 26. © Reuters STEVEN BOROWIEC SEOUL -- South Korean President Lee Jae Myung said Thursday that it will likely be "difficult" to reach an agreement with the U.S. on looming tariffs by next week's deadline but added that he is pursuing a "win-win outcome" as he endeavors to restore economic vigor to his country threatened by trade tensions and a downturn in consumption. South Korean officials are seeking an extension before U.S. tariffs take full effect on July 9 and Seoul has sent high-level delegations to Washington seeking a reprieve from the levies that stand to hit key exports such as autos and steel. Both sides have pledged to work toward a mutually satisfactory deal but neither has indicated that a breakthrough is imminent.
Nikkei Asia
26-06-2025
- Business
- Nikkei Asia
South Korea's Lee pushes stimulus package to revive main street
Economy Much of extra $22bn budget will go to cash handouts, support for small businesses South Korean President Lee Jae Myung delivers a speech on the second supplementary budget proposal for 2025 at the National Assembly in Seoul on June 26. © Reuters STEVEN BOROWIEC SEOUL -- South Korea's president on Thursday detailed plans for an extra budget that he described as key to the country's efforts to break out of a prolonged economic slump. The stimulus is the most significant economic policy measure spearheaded by President Lee Jae Myung since he took office early this month and is in line with his campaign pledges to boost state spending to revive growth and consumption.
Nikkei Asia
10-06-2025
- Politics
- Nikkei Asia
South Korea's new president asks China to promote peace
STEVEN BOROWIEC SEOUL -- In a telephone conversation on Tuesday, South Korea's president extended an invitation to his Chinese counterpart to attend a major multilateral summit later this year, as the two sides agreed to work together to face shared challenges, such as peace and stability on the Korean Peninsula. In a post on his official X account, President Lee Jae-myung wrote of his talks with Chinese President Xi Jinping, "China is an important partner to us in all aspects, including the economy and security."
