Country: South Korea

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South Korea Hosts Xi as Chinese Leader Rekindles Fraught Ties

By Claire Lee South Korean President Lee Jae Myung hosted Xi Jinping for their first meeting on Saturday as the Chinese head of state took center stage and reforged old ties at an Asian summit from which U.S. leader Donald Trump ...

China Eyes Trilateral Currency Swap With Japan and South Korea

China is talking with Japan and South Korea about a trilateral currency swap, a person familiar with the matter said. The aim is to build a stronger regional financial backstop as U.S. tariff actions raise trade costs. According to ...

ASEAN Economic Ministers’ Meeting Pushes Regional Integration Amid Trade Tensions

The trade relationship between China and the Association of Southeast Asian Nations (ASEAN) is expected to take center stage at the ASEAN Economic Ministers (AEM) gathering in Kuala Lumpur tomorrow. A consultation between the ten-country bloc and China will happen ...

Asian Stocks Mixed as Traders Shrug at U.S.-Vietnam Trade Deal

Stocks struggled in Asia on Thursday as investors gave a lukewarm reception to the U.S.-Vietnam trade deal, while the dollar eased ahead of key U.S. jobs data that could impact Federal Reserve interest rates plans. Attention was also on Washington as ...

Philippines Buys More Korean FA-50 Jets Amid South China Sea Tensions

The Philippine government has signed a $700 million FA-50 jets contract with Korea Aerospace Industries (KAI) for the purchase of 12 new FA-50 Block 20 light combat aircraft, expanding its current fleet as it seeks to bolster its air defense posture in the South China Sea ...

Analysis from Cobus van Staden

The Pain of Un-Polarity

“THE G2 WILL BE CONVENING SHORTLY!”
This post by U.S. President Donald Trump in the run-up to his meeting with Chinese President Xi Jinping last week may end up leaving a more lasting mark than the actual summit he attended.

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APEC Trade Ministers Meet in South Korea Amid U.S.-China Trade Tensions

By Julien Girault and Hieun Shin Trade ministers from the top economies that make up the Asia-Pacific Economic Cooperation, or APEC, began a two-day meeting in South Korea's Jeju island on Thursday, as trade cooperation falters globally.

Asian Finance Ministers Outline a Joint Response to Trump Administration’s Trade Pressure

As U.S. President Donald Trump dominated headlines with the announcement of further tariffs (this time on movies), Asian finance ministers quietly launched the continent’s newest set of strategies to lessen its exposure to the United States. This follows the meeting of finance ministers and central bank governors of ...

China’s Huayou Takes Over $9.8B Indonesia EV Battery Project After LG Exit

China’s Zhejiang Huayou Cobalt is replacing South Korea’s LG Energy Solution in Indonesia’s $9.8 billion electric vehicle (EV) battery supply chain project, Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia confirmed Wednesday, ensuring the project “continues as planned” after the reshuffle in investors. ...

Philippines Adds Speedy Warship to Maritime Arsenal

The Philippines took possession of the first of two corvette-class warships with "advanced weapons and radar systems" on Tuesday as it faces growing pressure from Beijing in the disputed South China Sea. The arrival of the 3,200-ton BRP Miguel Malvar is ...

Philippines Deploys New Warship to Bolster Strength Amid South China Sea Tensions

The Philippines has taken delivery of a new guided missile corvette from South Korea — a move that Manila says is a key step toward building a more self-reliant defense. Amid China’s growing maritime assertiveness, the

China, South Korea and Japan Agree to Strengthen Free Trade

By Hieun Shin China, South Korea, and Japan agreed Sunday to strengthen free trade in the face of a raft of new tariffs imposed by U.S. President Donald Trump. The agreement came at a meeting ...

Seoul Announces Rare Top Trade Meeting With Tokyo, Beijing

Top trade officials from South Korea, Japan, and China will meet this weekend in Seoul to discuss economic cooperation, a South Korean government source said Friday. The rare meeting—the first in five years—was announced days after U.S. President Donald Trump announced ...
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