South Korea’s presidential frontrunner Lee Jae-myung promises sweeping reforms in economy, foreign policy, and society ahead of the June 3 snap election.
South Korea’s Democratic Party candidate Lee Jae-myung plans include boosting R&D and AI investment, expanding defence as an industry, supporting local businesses, and strengthening the cultural sector. He also advocates trade diversification and a cautious approach to U.S. tariff negotiations.
In foreign policy, Lee supports deeper ties with the Global South and the EU, while maintaining the U.S. alliance without provoking China or Russia. He aims to ease tensions with North Korea by restoring military communication and pursuing denuclearisation.
To restore political stability after December’s martial law, Lee proposes limiting presidential powers, reforming the legal system, and increasing judicial independence. On labor, he backs a shorter workweek and raising the retirement age. His population plan includes tax breaks for parents and housing for newlyweds. He also pledges to cut coal use by 2040 and gradually reduce nuclear reliance.
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Iran reopened the Strait of Hormuz to commercial shipping on Friday (17 April) for the first time since the U.S. and Israel killed Iran's ex-Supreme Leader in air strikes, triggering the Middle East conflict, at the end of February. A U.S. blockade on Iranian ports, however, remains in force.
Russia published addresses of manufacturers allegedly producing drones or components for Ukraine on Wednesday (15 April), warning European countries against plans to step up UAV supplies to Kyiv.
Iran's Islamic Revolutionary Guards Corps (IRGC) said in a Saturday statement that the Strait of Hormuz has returned to its "previous state" under the control of its "armed forces," citing the ongoing U.S. blockade on Iranian ports.
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Australia and Japan signed contracts on Saturday (18 April) launching their landmark A$10 billion ($7 billion) deal to supply Australia with warships, Tokyo's most consequential military sale since ending a military export ban in 2014.
Leaders from across Europe and beyond gathered in Paris on Friday for a summit aimed at managing the global impact of the Middle East conflict.
European leaders have set out plans for a coordinated defensive mission to restore freedom of navigation in the Strait of Hormuz, once security conditions allow, following talks involving more than 40 countries.
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