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🇰🇷🇯🇵 Japan, South Korea partnership funds to go to chips, energy
Top business leaders from Japan and South Korea announced they will use a fund meant to underscore the two countries’ burgeoning ties to strengthen their cooperation in energy, industry and other sectors.
Japan Business Federation and the Federation of Korean Industry announced a fund of $1.5 million in March. The money comes from an initial installment of $750 000 from each side to complement efforts initiated by South Korean President Yoon Suk-yeol’s government to resolve a historical dispute over Japanese brutality.
The two groups selected specific areas of joint projects for the Future Partnership funds, focusing on youth exchanges and industrial cooperation. Areas of focus include semiconductor supply chain resiliency, energy security, maintaining the free and open international order, and climate change, among others.
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@asianomics
Top business leaders from Japan and South Korea announced they will use a fund meant to underscore the two countries’ burgeoning ties to strengthen their cooperation in energy, industry and other sectors.
Japan Business Federation and the Federation of Korean Industry announced a fund of $1.5 million in March. The money comes from an initial installment of $750 000 from each side to complement efforts initiated by South Korean President Yoon Suk-yeol’s government to resolve a historical dispute over Japanese brutality.
The two groups selected specific areas of joint projects for the Future Partnership funds, focusing on youth exchanges and industrial cooperation. Areas of focus include semiconductor supply chain resiliency, energy security, maintaining the free and open international order, and climate change, among others.
#SouthKorea #Japan
@asianomics
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🇰🇷🇯🇵🇺🇸 South Korea-US-Japan to hold summit in Hiroshima
President Yoon Suk-yeol will hold a meeting with US President Joe Biden and Japanese Prime Minister Fumio Kishida on the sidelines of the upcoming Group of Seven summit to be held in Hiroshima, Japan, to discuss ways to cooperate on North Korea’s nuclear and missile threats.
The summit is anticipated to be hold on May 21, the last day of the G7 meetings.
The trilateral summit comes six months since the three leaders' meeting in Phnom Penh, Cambodia, in November last year. It marks the third such meeting since Yoon took office in May last year.
#SouthKorea #Japan #USA
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President Yoon Suk-yeol will hold a meeting with US President Joe Biden and Japanese Prime Minister Fumio Kishida on the sidelines of the upcoming Group of Seven summit to be held in Hiroshima, Japan, to discuss ways to cooperate on North Korea’s nuclear and missile threats.
The summit is anticipated to be hold on May 21, the last day of the G7 meetings.
The trilateral summit comes six months since the three leaders' meeting in Phnom Penh, Cambodia, in November last year. It marks the third such meeting since Yoon took office in May last year.
#SouthKorea #Japan #USA
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🇰🇵🇰🇷 Kim Jong Un issues ‘military action’ plan against South Korea
North Korean leader Kim Jong Un convened military officials to discuss “offensive” battle plans and “major military actions” against South Korea. On the photos published by North Korean media he is seen pointing at the map of the Republic of Korea.
Kim said the military should make “full preparations for war” while blaming the “aggravators of the situation disturbing peace and stability on the Korean peninsula.”
The rhetoric about attack plans comes after the DPRK defense chief warned last month that North Korea “could” carry out a preemptive nuclear strike against the US if Washington sends nuclear assets to South Korea again, but explained this depends on whether Pyongyang decides an incoming attack is imminent.
#NorthKorea #SouthKorea
@asianomics
North Korean leader Kim Jong Un convened military officials to discuss “offensive” battle plans and “major military actions” against South Korea. On the photos published by North Korean media he is seen pointing at the map of the Republic of Korea.
Kim said the military should make “full preparations for war” while blaming the “aggravators of the situation disturbing peace and stability on the Korean peninsula.”
The rhetoric about attack plans comes after the DPRK defense chief warned last month that North Korea “could” carry out a preemptive nuclear strike against the US if Washington sends nuclear assets to South Korea again, but explained this depends on whether Pyongyang decides an incoming attack is imminent.
#NorthKorea #SouthKorea
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🇰🇵🇺🇸🇰🇷 Kim orders making more missiles ahead of South Korea, US drills
North Korean leader Kim Jong Un has called for an increase in missile production to help secure "overwhelming military power" and be ready for war.
Kim gave the order as he visited key munitions factories that produce tactical missiles, missile launch platforms, armored vehicles and artillery shells.
His field inspection was the latest in a string of visits to arms factories, where he ordered mass production of weapons, and came days before South Korea and the US are to begin annual military drills.
#NorthKorea #USA #SouthKorea
@asianomics
North Korean leader Kim Jong Un has called for an increase in missile production to help secure "overwhelming military power" and be ready for war.
Kim gave the order as he visited key munitions factories that produce tactical missiles, missile launch platforms, armored vehicles and artillery shells.
His field inspection was the latest in a string of visits to arms factories, where he ordered mass production of weapons, and came days before South Korea and the US are to begin annual military drills.
#NorthKorea #USA #SouthKorea
@asianomics
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🇨🇳🇺🇸🇯🇵🇰🇷 China blasts US-Japan-South Korea summit
China is renewing its criticism of this weekend’s summit among the leaders of the US, Japan and South Korea, saying no country should “seek its own security at the expense of the security interests of others and of regional peace and stability.”
“The international community has its own judgment as to who is creating contradictions and increasing tensions,” Foreign Ministry spokesperson Wang Wenbin told reporters.
Beijing has made clear the current rapprochement between South Korea and Japan was something it very much did not want to see and its top diplomat, Wang Yi, last month made an appeal to racial-cultural similarities between Chinese, Japanese and Koreans as an alternative to partnering with the West.
#China #USA #Japan #SouthKorea
@asianomics
China is renewing its criticism of this weekend’s summit among the leaders of the US, Japan and South Korea, saying no country should “seek its own security at the expense of the security interests of others and of regional peace and stability.”
“The international community has its own judgment as to who is creating contradictions and increasing tensions,” Foreign Ministry spokesperson Wang Wenbin told reporters.
Beijing has made clear the current rapprochement between South Korea and Japan was something it very much did not want to see and its top diplomat, Wang Yi, last month made an appeal to racial-cultural similarities between Chinese, Japanese and Koreans as an alternative to partnering with the West.
#China #USA #Japan #SouthKorea
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🇺🇸🇰🇷🇯🇵 US, South Korea and Japan condemn China, agree to deepen military ties
US President Joe Biden and the leaders of South Korea and Japan agreed at Camp David to deepen military and economic cooperation and made their strongest joint condemnation yet…
US President Joe Biden and the leaders of South Korea and Japan agreed at Camp David to deepen military and economic cooperation and made their strongest joint condemnation yet…
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🇰🇷🇰🇵 South Korea will cooperate more with US, Japan if North's threats continue
South Korean President Yoon Suk-yeol said on Monday trilateral cooperation with the United States and Japan will grow stronger if North Korea's threats increase.
He made the remark at a Cabinet meeting days after he took part in talks with the leaders of the Untied States and Japan where they agreed to deepen military and economic cooperation.
The three-way partnership would develop into a strong framework to promote regional peace along with the AUKUS pact between the US, Britain and Australia, and the Quad grouping of the US, Japan, India and Australia, Yoon said.
#SouthKorea #NorthKorea
@asianomics
South Korean President Yoon Suk-yeol said on Monday trilateral cooperation with the United States and Japan will grow stronger if North Korea's threats increase.
He made the remark at a Cabinet meeting days after he took part in talks with the leaders of the Untied States and Japan where they agreed to deepen military and economic cooperation.
The three-way partnership would develop into a strong framework to promote regional peace along with the AUKUS pact between the US, Britain and Australia, and the Quad grouping of the US, Japan, India and Australia, Yoon said.
#SouthKorea #NorthKorea
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🇰🇷🇬🇧 Britain to launch South Korea trade talks during Yoon visit
Britain and South Korea will launch negotiations on a new free trade agreement (FTA) and sign a new diplomatic accord during a state visit by South Korean President Yoon Suk-yeol this week.
The Downing Street accord will also see the countries agree to work closely on areas such as semiconductors - which South Korea is a major producer of - and artificial intelligence.
Yoon's visit officially starts on Tuesday with a welcome from King Charles, where he will receive a guard of honor and take part in a procession towards Buckingham Palace.
#SouthKorea #UK
@asianomics
Britain and South Korea will launch negotiations on a new free trade agreement (FTA) and sign a new diplomatic accord during a state visit by South Korean President Yoon Suk-yeol this week.
The Downing Street accord will also see the countries agree to work closely on areas such as semiconductors - which South Korea is a major producer of - and artificial intelligence.
Yoon's visit officially starts on Tuesday with a welcome from King Charles, where he will receive a guard of honor and take part in a procession towards Buckingham Palace.
#SouthKorea #UK
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🇰🇷🇬🇧 South Korea's Yoon met UK PM Sunak
South Korean President Yoon Suk-yeol met British Prime Minister Rishi Sunak for talks on Wednesday and signed an agreement stepping up cooperation in defense, security and technology.
Yoon, on a state visit to London, and Sunak signed a Downing Street Accord which will also involve them working together on enforcing UN sanctions on North Korea.
Ministers launched talks over a new free trade agreement and agreed to a partnership on clean energy, while a range of investments have been announced, including plans for wind farm projects in South Korea.
#SouthKorea #UK
@asianomics
South Korean President Yoon Suk-yeol met British Prime Minister Rishi Sunak for talks on Wednesday and signed an agreement stepping up cooperation in defense, security and technology.
Yoon, on a state visit to London, and Sunak signed a Downing Street Accord which will also involve them working together on enforcing UN sanctions on North Korea.
Ministers launched talks over a new free trade agreement and agreed to a partnership on clean energy, while a range of investments have been announced, including plans for wind farm projects in South Korea.
#SouthKorea #UK
@asianomics
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🇰🇷🇰🇵 South Korea boosts military surveillance after North claims spy satellite launch
South Korea moved to suspend part of a military agreement it signed with Pyongyang in 2018 after the North launched a spy satellite.
The pact, known as the Comprehensive Military Agreement and aimed at de-escalating tensions between the rivals, was signed at a 2018 summit between former South Korean President Moon Jae-in and North Korean leader Kim Jong Un.
But critics have called for it to be scrapped, saying it weakened Seoul's ability to monitor North Korea's actions around the border, while Pyongyang has flagrantly violated the agreement.
#SouthKorea #NorthKorea
@asianomics
South Korea moved to suspend part of a military agreement it signed with Pyongyang in 2018 after the North launched a spy satellite.
The pact, known as the Comprehensive Military Agreement and aimed at de-escalating tensions between the rivals, was signed at a 2018 summit between former South Korean President Moon Jae-in and North Korean leader Kim Jong Un.
But critics have called for it to be scrapped, saying it weakened Seoul's ability to monitor North Korea's actions around the border, while Pyongyang has flagrantly violated the agreement.
#SouthKorea #NorthKorea
@asianomics
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🇰🇷🇰🇵 Military agreement fractures as tensions rise with North Korea
Among the concrete steps stemming from the move, Prime Minister Han Duck-soo said South Korea would immediately resume reconnaissance of the North's forces in border areas.
South Korea's national security council said it planned to "suspend the effect of Article 1, Clause 3" of the 2018 military agreement, enabling Seoul to restore reconnaissance and surveillance activities along the border.
Under that clause, both countries agreed to establish no-fly zones close to their border.
#SouthKorea #NorthKorea
@asianomics
Among the concrete steps stemming from the move, Prime Minister Han Duck-soo said South Korea would immediately resume reconnaissance of the North's forces in border areas.
South Korea's national security council said it planned to "suspend the effect of Article 1, Clause 3" of the 2018 military agreement, enabling Seoul to restore reconnaissance and surveillance activities along the border.
Under that clause, both countries agreed to establish no-fly zones close to their border.
#SouthKorea #NorthKorea
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🇰🇷🇰🇵 South Korea boosts military surveillance after North claims spy satellite launch
South Korea moved to suspend part of a military agreement it signed with Pyongyang in 2018 after the North launched a spy satellite.
The pact, known as the Comprehensive…
South Korea moved to suspend part of a military agreement it signed with Pyongyang in 2018 after the North launched a spy satellite.
The pact, known as the Comprehensive…
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🇺🇸🇰🇷 US nuclear-powered submarine arrives at South Korea's port
A US nuclear-powered submarine arrived in the South Korean port city of Busan on Sunday.
Visits by US nuclear submarines had previously been rare, but they have increased under agreements between Seoul and Washington that increased the arrivals of US military assets to help deter North Korea.
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A US nuclear-powered submarine arrived in the South Korean port city of Busan on Sunday.
Visits by US nuclear submarines had previously been rare, but they have increased under agreements between Seoul and Washington that increased the arrivals of US military assets to help deter North Korea.
#USA #SouthKorea
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