South Korea’s new president Lee Jae-myung wasted no time addressing economic concerns, launching his first cabinet meeting with an urgent focus on reviving the economy and supporting struggling households.
Just a day after taking office, President Lee Jae-myung chaired his first cabinet meeting, emphasizing the need for swift action on economic recovery—a key promise from his campaign. Lee enters office amid political upheaval following former president Yoon Suk Yeol’s brief imposition of martial law, which triggered his impeachment and public outrage.
Lee criticized the state of the presidential office, and pledged immediate stimulus spending of at least 30 trillion won ($22 billion) to counter sluggish growth. With South Korea’s economic forecast nearly halved this year, Lee and his nominated prime minister, Kim Min-seok, warn of a crisis deeper than the 1997 Asian financial crash. Meanwhile, unresolved issues with U.S. tariffs remain a looming challenge.
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A man fatally stabbed two teenagers and seriously injured a third before falling from a motel window to his death in Changwon, South Gyeongsang Province, local authorities reported.
South Korean prosecutors have requested a 15-year prison sentence for former First Lady Kim Keon Hee, who is on trial for bribery, stock manipulation and fundraising offences, with a verdict due on 28 January.
The United States will reduce import duties on South Korean automobiles to 15%, effective retroactively from 1 November, according to an announcement by U.S. Commerce Secretary Howard Lutnick on Tuesday.
Han Hak-ja, who is accused of bribing former First Lady Kim Keon Hee with luxury gifts including Chanel handbags and a diamond necklace, went on trial in South Korea on Monday.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
Iran and Saudi Arabia reiterated their commitment to enhance ties following a joint meeting with China in Tehran on Tuesday to follow up on implementation of the 2023 Beijing Agreement which resulted in resumption of their diplomatic relations after eight years.
Tanzania's government warned on Monday that protests scheduled for Tuesday would be illegal and amounted to an attempted coup, as security forces were heavily deployed in major cities.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
Qarabağ FK take a 1-0 lead against Ajax in the Champions League league phase at Tofiq Bəhramov Stadium in Baku, with Camilo Durán scoring in the first 10 minutes.
Hungary’s move to secure guaranteed Russian gas transit through Türkiye has stabilised a key supply corridor, but the country’s continued reliance on Moscow raises questions.
Ukraine faces a narrowing diplomatic space as pressure builds around U.S. backed peace proposals, warning that the structure of the conflict may leave little room to avoid difficult territorial choices.
Democracies must be prepared to fight for freedom in order to survive, Nobel Peace Prize laureate Maria Corina Machado said on Wednesday, in a speech delivered by her daughter during a ceremony Machado could not attend.
The possibility of restricting social media access for children is a hot topic in the European Union and the United Kingdom, after Australia implemented a world-first ban for those under 16. Lawmakers have labelled the ban a “real-world test” of how far governments can go to protect young people.
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