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The president, a Trump ally, will now be able to seek re-election indefinitely. The National Assembly also extended the presidential term to six years.
A feed to follow discussions and reporting from verified sources in English about the ongoing South Korean coup dāĆ©tat and constitutional crisis. Maintained by @newsbeacon.co
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Seoul breaks century-long record with 22 'tropical nights' in July - www.channelnewsasia.com/eā¦
www.channelnewsasia.com
Seoul breaks century-long record with 22 'tropical nights' in July
SEOUL: A streak of super-hot tropical nights broke a century-old South Korean weather record, according to official data released Thursday (Jul 31), as the peninsula bakes in a prolonged heatwave. Overnight temperatures in Seoul have sizzled above 25Ā degrees Celsius for 22 consecutive days in July, of
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Seoul breaks century-long record with 22 'tropical nights' in July - www.channelnewsasia.com/eā¦
www.channelnewsasia.com
Seoul breaks century-long record with 22 'tropical nights' in July
SEOUL: A streak of super-hot tropical nights broke a century-old South Korean weather record, according to official data released Thursday (Jul 31), as the peninsula bakes in a prolonged heatwave. Overnight temperatures in Seoul have sizzled above 25Ā degrees Celsius for 22 consecutive days in July, of
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South Korea exports rise at fastest in 7 months before higher US tariffs kick in reut.rs/4l7H1jK
reut.rs
South Korea exports rise at fastest in 7 months before higher US tariffs kick in
South Korea's exports rose for the second straight month in July, beating market expectations on strong chip demand and shipments being moved forward ahead of higher U.S. tariffs, which are expected to weigh in the second half of the year.
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South Korea factory activity shrinks for 6th month on tariff concerns, PMI shows - www.channelnewsasia.com/bā¦
www.channelnewsasia.com
South Korea factory activity shrinks for 6th month on tariff concerns, PMI shows
SEOUL :South Korea's factory activity contracted for the sixth straight month in July, as uncertainty over U.S. tariffs weighed on output and orders, a business survey showed on Friday.The Purchasing Managers Index (PMI) for manufacturers in Asia's fourth-largest economy, released by S&P Global, fell to 48.0
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'Make America Shipbuilding Great Again' package key to reaching trade deal, South Korea says reut.rs/4mFzhXt
www.reuters.com
'Make America Shipbuilding Great Again' package key to reaching trade deal, South Korea says
South Korean Finance Minister Koo Yun-cheol said on Thursday that a shipbuilding partnership package dubbed "Make America Shipbuilding Great Again" was key to the agreement on tariffs between the U.S. and South Korea.
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Praise Trump and speak simply: How the South Korean team negotiated its trade deal - www.channelnewsasia.com/wā¦
www.channelnewsasia.com
Praise Trump and speak simply: How the South Korean team negotiated its trade deal
SEOUL: TheĀ SouthĀ KoreanĀ ministers tasked with negotiating a last-ditchĀ tradeĀ dealĀ with United States PresidentĀ DonaldĀ TrumpĀ said that
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South Korea to roll back tax cuts as new leader seeks expansionary policy reut.rs/41jHjNd
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South Korea to roll back tax cuts as new leader seeks expansionary policy
South Korea's government put forward plans on Thursday to roll back recently imposed tax cuts, such as those on corporate income and stock investments, as the country's new leader seeks an expansionary fiscal policy to support an economic recovery.
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Praise Trump and speak simply: How the South Korean team negotiated its trade deal - www.channelnewsasia.com/wā¦
www.channelnewsasia.com
Praise Trump and speak simply: How the South Korean team negotiated its trade deal
SEOUL: TheĀ SouthĀ KoreanĀ ministers tasked with negotiating a last-ditchĀ tradeĀ dealĀ with United States PresidentĀ DonaldĀ TrumpĀ said that
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Minister for Trade Yeo Han-koo quoted Trump as saying his personal involvement is rare in dealing with officials who are not heads of state, and means 'he respects South Korea very much and attaches great importance to South Korea' reut.rs/4o9dJ6R 6/6
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Praise Trump and speak simply: How the South Korean team negotiated its trade deal
The South Korean ministers tasked with negotiating a last-ditch trade deal with U.S. President Donald Trump said that to prepare they role-played and solicited tips for engaging with the unpredictable leader.
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The stakes were particularly high for South Korea, a major export-driven economy, and Kim and other members of the delegation had only been on the job for a few weeks after President Lee Jae Myung won a snap election in June 3/6
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The South Korean ministers tasked with negotiating a last-ditch trade deal with US President Donald Trump said that to prepare they role-played and solicited tips for engaging with the unpredictable leader reut.rs/475oVLF 1/6
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Trump issues blitz of tariff announcements on copper, Brazil, South Korea, small-value imports reut.rs/40GGXjE
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Trump issues blitz of tariff announcements on copper, Brazil, South Korea, small-value imports
U.S. President Donald Trump on Wednesday issued a blitz of tariff announcements ranging from changes to previously threatened levies on imports of copper, goods from Brazil and South Korea, to ending an exemption from tariffs for small-value shipments from overseas.
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South Korean auto shares dip after Korea-U.S. trade deal reut.rs/4l2vbqU
reut.rs
South Korean auto shares dip after Korea-U.S. trade deal
Shares of South Korean automakers Hyundai Motor and Kia Corp fell on Thursday after U.S. President Donald Trump said the U.S. will charge a 15% tariff on imports from South Korea, including autos, as part of a trade deal.
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South Korean auto shares dip after Korea-US trade deal - www.channelnewsasia.com/bā¦
www.channelnewsasia.com
South Korean auto shares dip after Korea-US trade deal
Seoul :Shares of South Korean automakers Hyundai Motor and Kia Corp fell on Thursday after U.S. President Donald Trump said the U.S. will charge a 15 per cent tariff on imports from South Korea, including autos, as part of a trade deal.Hyundai Motor shares were down 2 per cent and Kia Corp stock lost 3.3 per
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Trump says US to impose 15% tariff on South Korean goods as he touts a "full and complete trade deal"
u.afp.com/Sg95
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South Korean presidential office says it plans to schedule a summit with the United States within the next two weeks, as Trump mentioned.
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President Donald Trump said Wednesday he had reached a trade deal with South Korea ahead of a self-imposed Aug. 1 deadline, though he also cast doubt on striking a deal with India, another of the United Statesā largest trading partners. Our story:
www.washingtonpost.com/buā¦.
www.washingtonpost.com
Trump says he has trade deal with South Korea as Friday deadline nears
Economic data out Wednesday showed trade turmoil wasnāt holding back the U.S. economy, but the Federal Reserve left rates unchanged, citing fear of inflation.
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-South Korean auto industry will face 15% tariffs, according to South Korean presidential office.
-The presidential office says they studied the U.S.-Japan investment fund closely (to the extent they can) to make South Korea's equitable with Japan's.
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Shipbuilding had emerged as a key point in negotiations, as South Korean officials pitched their nationās advanced shipbuilding industry as key to revitalizing the declining U.S. shipbuilding industry and help it keep up with Chinaās. South Korea is the worldās 2nd largest shipbuilder behind China.
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-South Korean Pres Lee Jae Myung said $350B fund would help S. Korean countries enter U.S. market in key areas, including shipbuilding, semiconductors, biotechnology, energy.
-Of that, $150B will go toward shipbuilding cooperation and help Korean companies enter the U.S. industry, Lee said.
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U.S. and South Korean officials say the allies have reached a trade agreement.
-South Korean imports will face a 15% tariff rate (down from 25%)
-South Korea will invest $350 billion in the U.S. and purchase $100 billion in American energy.
(continued)
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Interesting deal. South Koreans donāt have to pay any more should they be slightly interested in American cars. US customers get stuck with a 15% price increase on all the cool stuff coming out of South Korea.
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Trump says US will set 15% tariff on South Korean imports under new deal reut.rs/4mlnnlh
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Trump says US will set 15% tariff on South Korean imports under new deal
President Donald Trump said on Wednesday the U.S. will charge a 15% tariff on imports from South Korea as part of a deal that eases, for now, tension with a top-10 trading partner and key Asian ally.
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