Politics
Blue House
Lee and Macron Agree on Close Cooperation on the Strait of Hormuz… Military Begins On-Site Investigation; Possibility of Troop Deployment in November
President Lee Jae-myung and French President Emmanuel Macron agreed during a summit on the 8th (local time) to cooperate closely to ensure freedom of navigation in the Strait of Hormuz and stabilize g…
Blue House
[Exclusive] “At Least 45 Days Later,” but 3 Trillion Won Transferred in Just Ten Days?… Controversy Over Rush to Invest in the U.S.
Controversy is mounting over allegations of a rushed push for the project, as it has been reported that the government plans to announce its plan to proceed with investment projects in the U.S. on the…
Blue House
Businesses Are Expanding, and With Semiconductor Pressure to Boot… 'The Last Line of Defense for Investment in the U.S.' Is Shaking
The South Korean government’s strategy to keep the burden of investment in the U.S. low—given that its economy is smaller than Japan’s—is running into trouble. Although South Korea and the U.S. agreed…
Blue House
[Exclusive] U.S. Investment Projects Avoid ‘Every Man for Himself’ Scenario… ‘Risk Pooling’ Maintained
It has been confirmed that South Korea and the United States have agreed to maintain a “risk-pooling” structure for their $200 billion investment in the U.S., whereby profits from various projects are…
Blue House
Blue House: “Substantive Contribution, Various Options—Combat and Non-Combat”… What Will Be the Deployment Method for the Strait of Hormuz?
As the government has officially announced that it is considering a military contribution to ensure free navigation through the Strait of Hormuz, attention is focusing on the specific methods of troop…
Blue House
"Is the Basic Pension Fair for Foreigners Immediately After Naturalization?" President Lee Orders Establishment of a "Minimum Residency Period"
On the 3rd, President Lee Jae-myung directed officials to revise the current system, which allows foreign nationals to receive the basic pension immediately after acquiring South Korean citizenship as…
Blue House
The Blue House Also Undergoes a Shake-up… Key Figure Kim Yong-beom Is Left Out
Following the replacement of six minister-level officials—including the Deputy Prime Minister for Economic Affairs and Minister of Finance and Economy—the government has embarked on a restructuring ef…
Blue House
[Exclusive] Even After Selecting the First Investment in the U.S., a Standoff Between South Korea and the U.S. Over ‘Who’s in Charge’
It has been confirmed that the reason South Korea and the U.S. have been unable to announce the Encinales Gas Combined Cycle Power Plant in Texas—which they have effectively selected as the first proj…
Blue House
[Exclusive] South Korea Reluctant to Insist on U.S.-Style Nuclear Power Plants… 'Clash Over Leadership' in U.S. Nuclear Power Investments
It has been confirmed that South Korea and the United States have differing views on the reactor model and leadership for a nuclear power plant project involving U.S. investment. The U.S. seeks to att…
Blue House
Blue House Responds to Reports of U.S. Pressure on Investment in Korea: “We Are Discussing the Matter Closely”
Regarding media reports that the U.S. government pressured the South Korean government by threatening to raise tariffs if it did not expedite investments in the U.S., the Blue House stated, “Close dis…