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Articles by Sung Seung-hoon
Maeil Business Newspaper Korea's No. 1 Economic Media
President Lee Jae Myung speaks at the 31st Cabinet meeting held at Cheong Wa Dae on the 21st. From left, Minister of Gender Equality and Family Won Min-kyung, Minister of Trade, Industry and Energy Kim Jung-kwan, Minister of Public Administration and Security Yoon Ho-jung, President Lee, Deputy Prime Minister and Minister of Finance and Economy Koo Yoon-chul.
Maeil Business Newspaper Korea's No. 1 Economic Media
President Lee Jae Myung showed a subtle war of nerves over real estate policy with Seoul Mayor Oh Se-hoon, who attended the Cabinet meeting on the 14th.
Maeil Business Newspaper Korea's No. 1 Economic Media
On the 13th, the government renewed its commitment to provide stable power and water to create a semiconductor cluster in the southwestern region, which will invest a total of 800 trillion won. This year, the Mega Special Zone Act will be enacted to make all-out efforts to support taxation, investment, and infrastructure as well as special regulatory cases.
Maeil Business Newspaper Korea's No. 1 Economic Media
President Lee Jae Myung, who visited Mongolia for the first time in 15 years after receiving a state guest welcome from the 21st of Yepo, examines Mongolian President Uhna Hurelsuch and the honor guard at an official welcoming ceremony held at Ulaanbaatar Sukhbaatar Square in Mongolia on the 9th.
Maeil Business Newspaper Korea's No. 1 Economic Media
President Lee Jae Myung attended the North Atlantic Treaty Organization (NATO) summit in Ankara, Turkiye, on the 7th and started selling K-bangsan. This is the first time President Lee has attended the NATO summit.
Maeil Business Newspaper Korea's No. 1 Economic Media
President Lee Jae Myung delivers a keynote speech at the NATO Defense Forum held at the Ankara Convention Center in Turkiye on the 7th.
Maeil Business Newspaper Korea's No. 1 Economic Media
President Lee Jae Myung headed to Ankara, Turkiye, to attend the NATO summit on the 7th. This is the first time President Lee will attend the NATO summit. In a post on X before leaving the country, he said, "Following the G7 summit last month, we are trying to expand the role of the Republic of Korea for world peace and security on the NATO stage." NATO is considered the largest defense market, accounting for 55% of the world's defense spending.
Maeil Business Newspaper Korea's No. 1 Economic Media
Lee Byung-tae, vice chairman of the Presidential Committee on Regulatory Rationalization, stepped down on the 6th. It has been three days since the controversy erupted when Vice Chairman Lee said on the 3rd that "May 18 has become a sanctuary." The move came after the ruling party was criticized for resignation and Cheong Wa Dae recommended resignation directly.
Maeil Business Newspaper Korea's No. 1 Economic Media
Cheong Wa Dae recommended Lee Byung-tae, vice chairman of the Presidential Committee on Regulatory Rationalization, to resign on the 6th. It came three days after Vice Chairman Lee said on the 3rd that "May 18 has become a sanctuary." Cheong Wa Dae seems to be directly dealing with the vice chairman Lee's "struggle" at a time when controversy continues due to a flurry of resignations within the ruling party.
Maeil Business Newspaper Korea's No. 1 Economic Media
On the 28th, President Lee Jae Myung stepped up efforts to create a semiconductor cluster in Honam between Samsung Electronics and SK Hynix. Opposition parties responded to the opposition's claim that they pressured private companies to invest in local areas, saying, "It is administrative guidance, not abuse of authority." President Lee posted seven X posts over two days, and engaged in a fierce battle with the opposition.
Maeil Business Newspaper Korea's No. 1 Economic Media
President Lee Jae Myung and U.S. President Donald Trump are taking a commemorative photo together at the official dinner of the G7 (seven major countries) summit in Evian-Levin, France on the 16th (local time).
Maeil Business Newspaper Korea's No. 1 Economic Media
Belgian Prime Minister and Summit Lee Jae Myung's president is taking a commemorative photo before the summit with Belgian Prime Minister Bart de Weber (right) at the prime minister's residence in Brussels, Belgium, on the 10th (local time). President Lee, who visited Europe to attend the G7 summit, will visit Belgium, Italy and France.
Maeil Business Newspaper Korea's No. 1 Economic Media
President Lee Jae Myung speaks at the Cabinet meeting and emergency economic inspection meeting held at Cheong Wa Dae on the 20th.
Samsung Electronics mulls over 10% hike in NAND prices: Sources
Samsung Electronics Co., the world's top NAND flash maker, is expected to plan a double-digit price hike as early as this month. The South Korean tech giant, which reduced NAND division in the second half of this year, is seeking to reverse this trend in the NAND business by promoting a price normalization strategy, in a move seen as an effort to restore profitability in the NAND sector.
Korea’s LX Pantos becomes the world’s sixth busiest sea cargo forwarder
LX Pantos has become the world’s sixth-largest ocean freighter forwarder, the highest ranking for a South Korean logistics name. According to Armstrong & Associates (A&A), a U.S.-based third-party logistics market research firm, on Sunday, LX Pantos ranked sixth, handling 1,658,000 TEUs (shipping containers of 20-feet length). Its achievement shows that the firm has solidified its foothold in the international logistics market dominated by European players.
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