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The Latest Breaking News from Lee Jae Myung

Samsung Eyes $648 Billion Mega Investment to Supercharge South Korea's AI and Chip Ambitions

Samsung plans to invest 1,000 trillion won in South Korea over the next decade, focusing on AI and semiconductor manufacturing, aiming to boost regional development beyond Seoul.

International Business Times UK

South Korean court sentences ex-first lady Kim to 7 years for taking luxury gifts tied to favors

The wife of ousted South Korean President Yoon Suk Yeol has been sentenced to seven years in prison

The Independent UK

Samsung readies $648 billion bet, report says, as AI boom reshapes South Korea

The investment, which would include AI data centers, batteries and displays, will be announced at a meeting with President Lee Jae Myung at the presidential office, the Maeil Business Newspaper said on Friday, ‌without citing sources.

The Economic Times

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South Korea to punish hotel price gouging after BTS fans face soaring room rates

As BTS fans headed to Busan, rooms that typically cost £30 a night surged to £373 during the concerts

The Independent UK

South Korean leader books golf with Trump after 'pinky promise'

South Korean President Lee Jae Myung anticipates a golf game with Donald Trump. The US president made a pledge for a round of golf during G7 talks in France. President Lee received a 'pinky promise' from Trump's wife to seal the agreement. Trump also gifted President Lee a golf marker.…

The Economic Times

South Korea sentences ex-president Yoon to 30 years over North Korea drone incident

South Korea on Friday sentenced ex-president Yoon Suk Yeol to 30 years in prison for sending military drones into North Korea in 2024 in a bid to "heighten inter-Korean military tensions and manufacture a national crisis" enabling him to declare martial law. Yeol was in February given a life imprisonment…

France 24

Former South Korea President Yoon Suk Yeol gets 30 years over North Korea drone incident

Former South Korean President Yoon Suk Yeol received a 30-year prison sentence. This conviction stems from sending military drones into North Korea. Prosecutors stated this action was intended to justify a failed martial law declaration. The drone flights heightened tensions between the two nations. Yoon is already serving a life…

The Economic Times

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Former South Korea president Yoon Suk Yeol sentenced to 30 years in prison for sending drones over Pyongyang

South Korea’s former president was given a life sentence in February for leading an insurrection with his 2024 martial law declaration

The Guardian - AU

Watch: Batteries, microchips, and K-Pop—what's at stake at the EU-Korea Summit

European leaders António Costa and Ursula von der Leyen are hosting South Korean President Lee Jae Myung for the EU-Republic of Korea summit. Why it is important?

Euronews

Newsletter: From K-pop to K2 tanks, South Korea flexes in Europe

South Korean President Lee Jae Myung visits the Belgian capital on Wednesday for a highly anticipated EU-South Korea Summit. Onlookers expect a buffet of East Asian strength on display, ranging from K-pop toppers to military might, and closer Brussels-Seoul relations.

Euronews

Samsung Electronics considers building chip packaging plant: Report

Samsung is expected to unveil the investment plan at a meeting between South Korean President Lee Jae Myung and the heads of the country's largest conglomerates on June ‌29, the ⁠newspaper reported, ⁠citing unnamed industry sources. Samsung is expected to unveil the investment plan at a meeting between South Korean…

The Economic Times

Analysis: Chinese President Xi's silence on nuclear arms is a gift to North Korea's Kim Jong Un

Chinese and North Korean state-run media devoted thousands of words to President Xi Jinping’s summit with leader Kim Jong Un in North Korea this week but didn't mention a key matter for Washington: the North’s steadfast pursuit of nuclear weapons that could threaten the United States and its allies in…

The Independent UK

South Korea to overhaul election process after ballot shortage shocks country

South Korea is set to reform its election system following ballot paper shortages during recent local polls. The incident sparked public anger and calls for a new election. President Lee Jae Myung has ordered a full investigation into the matter. The head of the election commission has resigned. This event…

The Economic Times

South Korea labour minister calls on tech firms to share excess AI profits with suppliers, staff

In an interview, Kim Young-hoon told Reuters that companies like Samsung Electronics that outperform profit targets should consider sharing excess gains with suppliers, subcontractors and their workers, after deducting taxes, given their contributions to corporate growth.

The Economic Times

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The Independent UK

South Korea’s ruling party sweeps local elections but loses key mayoral contest

Outcome complicates president Lee Jae Myung’s bid to solidify political mandate

The Economic Times

Samsung’s $416,000 chip worker bonuses may reshape labour battles in South Korea

Samsung Electronics has agreed to a significant bonus deal with its union, a move that could reshape wage bargaining in South Korea. Memory chip workers will receive substantial bonuses tied to operating profit. This agreement, averting a major strike, is expected to embolden other unions to seek similar profit-sharing arrangements.

AAP

North Korea launches ballistic missile and other weapons over the sea in latest show of force

South Korea says North Korea has launched a close-range ballistic missile and other weapons toward the sea

The Independent UK

North Korea launches unidentified projectile over the sea

South Korea says North Korea has launched an unidentified projectile off its west coast

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AAP

Activists deported after taunting by Israeli minister

Israel is deporting hundreds of activists who attempted to breach a naval blockade of Gaza, including those jeered on video by the Israeli police minister.

Bangkok Post

Starbucks Korea head fired after 'Tank Day' promotion sparks public uproar

SEOUL - The head of Starbucks Korea has been ‌fired after a marketing campaign sparked public outrage and boycott calls for evoking painful memories of a brutal military crackdown on pro-democracy protesters in 1980.

The Independent UK

Starbucks Korea fires CEO after ‘Tank Day’ campaign sparks fury over dictatorship-era massacre

President Lee Jae Myung condemns ad campaign as ‘bottom-feeding behaviour from these low-class peddlers’

The Independent UK

Japanese prime minister travels to meet South Korea president for second leg of hometown summits

South Korean President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi are set to hold their fourth meeting in about six months

The Economic Times

At Samsung, the global AI boom spurred a looming strike and deep divisions

A major strike looms at Samsung Electronics over AI boom profits. Over 45,000 workers demand fair bonus distribution. The dispute could disrupt memory chip production, impacting AI data centers, smartphones, and laptops globally. Government and investors express concern over potential economic fallout and supply chain instability. This labor unrest highlights…

The Independent UK

What do world leaders’ interactions with Xi Jinping reveal about his personality?

Other leaders’ accounts and unscripted moments portray a Chinese president with a quick wit, an unshakeable belief in authoritarianism – and a desperation to control his public image. Maroosha Muzaffar reports

The Independent UK

China and US hold last-minute trade talks to ‘sound each other out’ ahead of Trump-Xi summit

Officials from both sides meet at South Korea’s Incheon airport after separate meetings with president Lee Jae Myung

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