LEE JAE MYUNG
'K-pop and K-dramas are very popular in India': PM Narendra Modi announces India-Korea Friendship Festival from today
India and South Korea are strengthening ties. Prime Minister Narendra Modi and President Lee Jae-myung announced the India-Korea Friendship Festival. This event celebrates their ancient shared heritage and modern cultural exchange. A new Mumbai Korea Centre will also be established. This center will blend K-pop and Bollywood, fostering deeper cultural understanding between the two nations.
India, South Korea to upgrade trade pact, deepen tech and supply chain ties
India and South Korea will resume talks to upgrade their economic partnership agreement. The goal is to increase bilateral trade to 50 billion dollars by 2030. Both nations will also enhance cooperation in critical technologies and supply chains. An economic security dialogue will be established. Discussions will cover shipbuilding, steel, and sustainability. Industrial collaboration will expand through new agreements.
PM Narendra Modi meets South Korea President Lee Jae-myung at Hyderabad House in New Delhi
Prime Minister Narendra Modi on Sunday held a bilateral meeting with South Korean President Lee Jae Myung at the Hyderbad House in the national capital. Both the leaders were also seen planting a tree under the 'Ek Ped Maa Ke Naam' initiative.
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India, Korea can give new direction to multilateralism amid mounting challenges: South Korean Prez Lee
South Korean President Lee Jae Myung envisions a strengthened special strategic partnership with India, focusing on trade, technology, critical minerals, defence, and shipbuilding. He highlighted shared values and the need for close cooperation amidst geopolitical uncertainty, aiming to deepen comprehensive ties for mutual growth and innovation.
South Korea's Lee Jae-myung in India for talks on shipping, AI
South Korean President Lee Jae-myung received a red-carpet welcome in New Delhi for talks with Prime Minister Narendra Modi. Discussions focused on shipbuilding, AI, semiconductors, and critical technologies, aiming to strengthen their strategic partnership amidst global economic instability. Both leaders also addressed regional peace and bolstering their economic cooperation.
South Korea's Lee to seek big boost in economic ties in summit with PM Modi
South Korean President Lee Jae Myung is in New Delhi for talks with Indian Prime Minister Narendra Modi. The visit aims to significantly increase economic ties, focusing on shipbuilding. Both nations plan to nearly double bilateral trade to $50 billion by 2030. Cooperation may also expand into finance, artificial intelligence, and defense. India's role in global production is highlighted.
JSW Steel and POSCO form joint venture for steel plant in Odisha amid South Korean President's India visit
JSW Steel and South Korea's POSCO Group are partnering to build a new steel plant in Odisha. This joint venture will have a production capacity of 6 million tonnes per annum. The deal signifies deepening strategic ties between the two major steel producers. This collaboration aligns with JSW Steel's expansion goals.
India-South Korea shipbuilding collaboration to receive mega boost from Presidential visit next week
South Korean President Lee Jae Myung visits India from April 19-21. The visit prioritizes shipbuilding, especially LNG tankers, under the 'Make in India' initiative. Technology transfer and scaling up production are key. Collaborations will also cover semiconductors, civil nuclear energy, and defense manufacturing. This aims to boost the Special Strategic Partnership between the two nations.
Seoul to Delhi, Asia’s new economic axis
South Korean President Lee Jae-myung's visit to India is a crucial moment. The two nations can build a strong strategic economic partnership. They can create a new axis of resilience in Asia. This partnership will focus on manufacturing, technology and defence. It aims to address global insecurity and fractured supply chains.
Seoul to Delhi, Asia’s new economic axis
South Korean President Lee Jae-myung's visit to India arrives at a critical juncture for global economic stability. The two Asian powers are poised to forge a strategic economic partnership, moving beyond traditional trade to co-build industrial capacity in semiconductors, green mobility, and advanced manufacturing.
South Korea president Lee Jae Myung clashes with Israel on rights, disinfo claims
Seoul's President Lee Jae Myung has criticised Israel over rights abuse allegations. Israel's foreign ministry stated the incident Lee mentioned was already addressed. President Lee insists on global reflection regarding human rights. South Korea generally maintains a balanced stance on Middle East conflict.
North Korea fires fresh ballistic missiles as war of words with Seoul intensifies
North Korea launched several short-range ballistic missiles on Wednesday. This marks the second such launch in two days. Tensions with South Korea are rising sharply. A senior North Korean official also issued strong insults towards Seoul. South Korea remains ready to respond to any provocation. The launches pose no immediate threat to US personnel or allies.
North Korea fires missiles toward sea after ridiculing South's hopes for better ties
North Korea launched ballistic missiles towards the sea for the second time in two days. This follows harsh insults directed at South Korea's desire for improved relations. South Korea remains on alert with its US ally. A previous launch on Tuesday was detected but likely failed.
Samsung, Mistral AI discuss cooperation in AI memory sector
Samsung Electronics and French AI startup Mistral AI explored cooperation in AI memory. Mistral AI CEO Arthur Mensch met Samsung's head of device solutions. This follows French President Emmanuel Macron's visit to Seoul. Mistral AI seeks stable semiconductor supply for its AI models. The discussions aim to ensure reliable chip supply amid tight market conditions.
US–Iran War Day 35 Updates: Kuwait refinery hit, energy infrastructure under threat; Houthis claim strike on Israel’s Jaffa
The Middle East conflict intensifies as Iran launches strikes across the region, targeting Israel and Gulf nations. The United States is increasing its military presence, signaling further escalation. These attacks are severely disrupting global energy supplies, particularly through the Strait of Hormuz. Governments worldwide are responding to the growing risks to oil infrastructure and rising energy costs.
French, South Korean leaders say they'll work together on Strait of Hormuz
French President Emmanuel Macron and South Korean President Lee Jae Myung met in Seoul. They pledged to work together to reopen the Strait of Hormuz. This vital waterway is crucial for global oil transport. Their cooperation aims to ease economic worries stemming from Middle East conflict. The leaders also agreed to boost collaboration in technology and energy sectors.
Global Markets | South Korean shares end 4.5% lower as Iran ceasefire hopes fade
South Korean shares plummeted over 4% on Thursday, with the KOSPI closing down 4.47% at 5,234.05. This decline was triggered by fading hopes for a swift end to the Iran conflict following U.S. President Trump's vow to continue military strikes. Concerns over the Strait of Hormuz and a supplementary budget to address energy security threats also weighed on the market.
South Korea weighs first driving curbs in 35 years on oil crunch
South Korea has already imposed driving restrictions on civil servants, curbing how often they can access government buildings by car based on the last number of their licence plates. Expanding restrictions to the private sector would be the first such move since the 1991 Gulf War. It would also signal heightened concern over a looming energy shock for an economy that is a key player in global tech supply chains.
The war with Iran may be ushering in a new nuclear age
Global tensions are rising as nations consider developing nuclear weapons. Donald Trump's policies are prompting countries like Germany and Poland to explore their own nuclear deterrents. Meanwhile, China and Russia are concerned about proliferation in Japan and South Korea. The United States is also assessing a return to atomic bomb tests.
Global Market: Retail frenzy defies crash: South Korean investors double down on stocks
South Korean retail investors, dubbed 'ants,' have significantly boosted the KOSPI index, despite recent market volatility. Driven by job security concerns and high housing costs, these investors are increasingly channeling funds into equities, now comprising a substantial portion of daily trading turnover.
From India to South Korea, Asia is getting crushed between oil prices and the dollar amid Iran war
Iran War: Asian economies are struggling as a surging dollar, driven by Middle East conflict and investor flight to safety, weakens their currencies. This exacerbates already high energy costs, with countries like India and South Korea facing significant economic strain and implementing energy-saving measures.
PM Modi emerges as world's most popular leader with 68% approval rating: Morning Consult
PM Modi remains the world's most popular leader with a 68 per cent approval rating, according to Morning Consult. Surpassing Indira Gandhi as India's second-longest serving Prime Minister in an uninterrupted term, he leads global counterparts including Donald Trump and Emmanuel Macron in the latest "Global Leader Approval Rating Tracker."
More than 50 injured as fire breaks out at auto parts plant in South Korea: Report
A major fire erupted at a car parts factory in Daejeon, South Korea. The blaze has resulted in 50 people sustaining injuries. Of these, 35 are reported to be in serious condition. Firefighters were deployed in large numbers to combat the flames. The Prime Minister has directed that saving lives is the utmost priority.
South Korea Presidential aide says AI cooperation with UAE could accelerate after conflict
Last year, South Korea agreed to work with the UnitedArab Emirates on the U.S.-backed Stargate project to build amassive new artificial intelligence data campus in the Gulfcountry.
North Korea's Kim Yo Jong says joint US-South Korea drills to harm regional stability
North Korea's Kim Yo Jong condemned the ongoing U.S.-South Korea military drills as a "provocative and aggressive war rehearsal" that threatens regional stability. She stated the annual Freedom Shield exercises, involving over 18,000 troops, demonstrate the allies' "habitual hostile policy" and will further destabilize the region.
Global Markets | South Korea activates $68 bn market stability fund over Mideast crisis
South Korean President Lee Jae myung ordered the activation of a $68 billion market stabilisation fund to counter rising volatility driven by the escalating Middle East crisis.
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