Photo : The Strait Times
Photo : The Strait Times
Korea Reader Daily Wire | 28 June 2025, Saturday | Vol 2 No. 133
South Korea’s millionaires migrating, report by Henley Private Wealth Migration Report 2024
On 27 June, the Henley Private Wealth Migration Report 2024 was released, a report stating that 1200 high-net-worth individuals have migrated from the country in 2024. South Korea is placed fourth in the millionaire outflow research. The country’s high-tech industries, K-pop, music, and film industries have created new billionaires. Though the security threat from North Korea has led to increased migration of the wealthiest citizens of the country. The top destinations for Korea’s rich class are the UAE and the US, with Singapore being the third. The report said: “In a sign of the uncertain, if not troubled, times in which the world finds itself in 2024, for the first time, Korea, Taiwan, and Vietnam make the Top 10 list of places with the highest projected net millionaire outflows.” (“Korea 4th in world for net outflow of millionaires: report,” The Korea Times, 28 June 2025)
South Korea to dismantle Kori-1 nuclear plant
On 26 June, South Korea plans to dismantle its first commercial nuclear plant reactor, “Kori-1.” This is the country’s first-ever nuclear dismantling and decommissioning project. This is paving the way for the USD 368 billion global decommissioning market. The Nuclear Safety Security Commission approved the firm Korea Hydro & Nuclear Power’s plan to dismantle the plant. Kori-1 is a 595-megawatt water-pressure nuclear reactor that will be dismantled in over 12 years. The site is aimed to be restored by 2037 and remove all spent nuclear fuel by 2031. South Korea currently has 96 nuclear dismantling technologies, 38 by Korea Atomic Energy Research and 58 by KHNP. KHNP’s CEO said: “We will carry out the decommissioning of Kori-1 transparently and in close communication with local communities.” (“Korea begins dismantling Kori-1, eyes $368b global nuclear decommissioning market,” The Korea Herald, 27 June 2025)
Korea Reader Daily Wire | 27 June 2025, Friday | Vol 2 No. 132
South Korea’s President calls for reviving the economy as he pushes for a supplementary budget
On 26 June, South Korea’s President Lee Jae Myung expressed the need to revive the country’s economy and to have a supplementary budget vital to sustain economic headwinds. The appeal was made for bipartisan unity to approve the USD 22.4 billion supplementary budget bill plan. Lee noted the need to upstart the economy and to bolster support, and any kind of inaction will be “a denial of the very purpose of government.” He said: “he government’s greatest duty is to protect the lives of its people,” and that “Timing is everything in the economy, and now is the moment to act by implementing the supplementary budget.” He also aims to establish an emergency economic response task force to overcome any kind of economic downturn, aimed at restoring the public’s livelihood. (“Korea faces critical moment to revive economy: president,” The Korea Times, 27 June 2025)
Korea Reader Daily Wire | 26 June 2025, Thursday | Vol 2 No. 131
South Korea’s President calls for quick approval of the supplementary budget
On 26 June, South Korea’s President Lee Jae Myung appealed to the assembly for swift passage of the supplementary budget. He stated that to revive the nation’s sluggish economy, a supplementary budget is a vital tool to confront economic headwinds and safeguard social cohesion. He appealed for the swift passage of the USD 22.4 billion supplementary budget bill. He added that it would be “irresponsible” for the government to cling to austerity in the middle of an economic crisis, and such inaction would be a “denial of the very purpose of government.” He added that South Korea faced a stagnant economy with zero per cent growth for four consecutive quarters. He laid out plans to spend 11. 3 trillion won to distribute prepaid vouchers, 3.9 trillion won for investment promotion, and an additional 5 trillion won for livelihood substantial funds. He also laid out plans to expand investments in AI and renewable energy. (Anna J Park, “South Korean president appeals to assembly for swift passage of supplementary budget,” Korea Times, 26 June 2025)
Korea Reader Daily Wire | 25 June 2025, Wednesday | Vol 2 No. 130
South Korea’s President’s call to establish peace on the Korean peninsula
On 25 June, The Korea Times reported on the 75th anniversary of the Korean War and South Korea’s president's call to establish peace on the Korean Peninsula. The Korean War started on 25 June 1950 when North Korean troops invaded South Korea. Allies like the US and other states fought on the side of South Korea under the UN flag. President Lee also paid respect to the fallen soldiers and highlighted that South Korea’s transformation would be impossible without their sacrifices. He also emphasized the fact that the most secure form of security is establishing peace in the region and renewed his commitment to establishing a peace regime in the Korean peninsula. (“Lee calls for efforts to establish peace on Korean War anniversary,” The Korea Times, 25 June 2025)
Pragmatic positive shift in public opinion of Korean-Japanese ties, says the joint survey
On 25 June, The Korean Times reported the Joint Korea-Japan survey conducted by Hankook Ilbo and Yomiuri Shimbun, where they noted an optimistic, pragmatic shift in public opinion. According to the survey, 52.2 per cent of South Koreans support an enhanced South Korea-Japan relationship. The Survey conducted in mid-June also reported 52 per cent of Japan’s people in favour of a stronger Korea-Japan relationship. The young demography in Korea showed the highest optimism in the relationship. Experts noted that this rapprochement in the relationship is due to cultural exchange, tourism revival, and renewed diplomacy and soft power projection, which includes the mutual appearance of K-pop and J-pop artists. Though historical and territorial disputes persist, for the first time Korean people’s affinity towards Japan’s relationship exceeded 40 per cent. (“More than half of Koreans say Korea-Japan ties are good for first time: survey,” The Korean Times, 25 June 2025)
South Korea’s successful tests its homegrown long-range missile, reports The Korean Times
On 25 June, The Korea Times reported a significant milestone in South Korea’s defence capability, where they conducted a successful separation test of their homegrown long-range air-to-surface guided missile. The test was carried out on 23 June at an Air Force unit and was overseen by the Defence Acquisition Program Administration (DAPA). DAPA verified that the missile can efficiently detach from aircraft without compromising safety and functionality. The missile is part of a broader initiative launched in 2018 to develop precision strike weapons for the KF-21 fighter jet. DAPA aims to integrate the missile into K-F 21 by 2027. It also aims to export missiles, highlighting the country’s broader goal to integrate into the global arms market. This development emphasizes Korea’s focus on enhancing indigenous defence technology and securing strategic strike capabilities. (“Korea conducts separation test for homegrown long-range air-to-surface guided missile,” The Korean Times, 25 June 2025)
Korea Reader Daily Wire | 24 June 2025, Tuesday | Vol 2 No. 129
South Korea enlists first civilian Defence Minister in 64 Years
On 23 June, Reuters reported that South Korea’s President Lee Jae Myung appointed lawmaker Ahn Gyu-back as South Korea’s first civilian Defence Minister since 1961. The decision follows Lee’s campaign promise to restore trust in the military after former President Yoon Suk Yeol’s failed martial law attempt last December. Ahn is a veteran politician known for his defence policy work. His appointment is part of a broader cabinet reshuffle as Lee forms his government after taking office on 4 June. Lee also named Cho Hyun as the Foreign Minister and Chung Dong-young as the Unification Minister. Former Defence Minister Kim Yong-hyun is currently on trial for planning martial law. He pledged to unite the country and support key industries like cars, chips, and steel. Earlier, he nominated Kim Min-seok as prime minister. That appointment still requires parliament’s approval. (“South Korea's Lee names first civilian defence minister in decades,” Reuters, 23 June 2025)
Korea Reader Daily Wire | 23 June 2025, Monday | Vol 2 No. 128
North Korea condemns the US strike on Iran, citing a violation of international law
On 23 June, The Korean Times reported the first public response from Korea on the alleged disruption of nuclear facilities in Iran, namely Fordow, Natanz, and Isfahan, by the US. North Korea condemns such an action, stating that it is a clear violation of international law and the UN charter. Korea notes it as a blow to Iran’s sovereignty and accuses Israel of escalating tensions in the Middle East by deploying Unilateral military actions. Without sharing the satellite images of such destruction, US President Donald Trump claims to expunge all nuclear sites in Iran. North Korea itself is a nuclear state, which is locked in long-standing hostilities with South Korea, where South Korea is supported by its key ally US, which has about 30,00 troops in the Korean peninsula. (“North Korea condemns US strikes on Iran,” The Korean Times, 23 June 2025)
Japan and South Korea mark the 60th anniversary of normalized diplomatic ties
On 23 June, Vietnam News reported the 60th anniversary of normalized diplomatic ties between Japan and South Korea, which seek to enhance future-oriented cooperation while balancing tensions rooted in history. Japan’s prime minister, Shigeru Ishiba, highlighted the need for stronger bilateral ties to address common issues such as low birthrates and regional security. South Korea’s President also emphasized the importance of economic cooperation amidst global uncertainties. Historical grievances are still present in South Korea’s society for such cooperation, but a section of the population still seeks enhanced cooperation on security and technology. Now, the countries are considered to be economic equals and face challenges like gender inequality and energy dependency. The two countries are seeking to work as complementary forces to strengthen their strategic partnership to navigate through the choppy waters of geopolitical realities. (“Japan, South Korea expected to deepen future-oriented cooperation,” Vietnam News, 23 June 2025)
Korea Reader Daily Wire | 20- 21 June 2025, Friday-Saturday | Vol 2 No. 126 & 127
Cyberattacks on South Korea’s church livestream by North Korea
On 20 June, ARAB NEWS reported the cyberattack faced by South Korea's prominent Onnuri Church on 18 June during its early morning YouTube worship service. The livestream was hijacked for a brief moment to showcase North Korea’s flag alongside propaganda music. The church has reported the incident to the police and has launched an internal investigation to probe into the hacking incident. South Korea’s Internet and Security Agency is also viewing the case. A similar incident happened at Seoul’s Naesoo-Dong church, where an inappropriate video was showcased for 50 seconds. These incidents highlight South Korea’s vulnerability to cyberattacks. The latest hacks raise new concerns over digital security in religious and public spaces. (“North Korea flag disrupts South Korea Church livestream in hacking incident,” ARAB NEWS, 20 June 2025)
North Korea launches 10 rockets near Pyongyang, reports Reuters
On 19 June, Reuters reported that, according to South Korea's military, North Korea launched more than 10 rockets from Sunan, near Pyongyang, in a north-westerly direction. Specific details about the missiles fired are not disclosed at the moment; however, South Korea's authorities classified them as short-range ballistic missiles. This strike marks the breach of United Nations Security Council resolutions, which prohibit North Korea from launching short-range ballistic missiles. The launch highlights the ongoing tensions on the Korean Peninsula and raises concerns about continued defiance of North Korea of international sanctions and diplomatic pressures. (“North Korea fired multiple-launch rockets from near Pyongyang, South Korea says,” Reuters, 19 June 2025)
South Korea helps Cambodia to improve labour policies, reports The Korea Times
On 21 June, The Korea Times reported that Cambodia plans to revive labour laws and has turned to Korea for support. Nine senior officials from Cambodia’s Ministry of Labour are in Korea for a 10-day training program hosted by the Korea Labour and Employment Service. The training covers minimum wage policy, labour inspections, and ways to resolve disputes. These areas are relevant as Cambodia’s economy grows with more foreign companies setting up factories. Cambodia asked for Korea’s help because of its experience in building strong labour systems during its rapid growth. Cambodian officials stated that they learned a lot and want to continue the partnership. This cooperation is part of a wider project started in 2023 to support better labour policies in Cambodia. ( Jung Min-ho, “Korea assists Cambodia in developing labour policies,” The Korea Times, 21 June 2025)
Korea Reader Daily Wire | 18 June 2025, Wednesday | Vol.2 No. 124
North Korea to send 6000 sappers and construction workers to Russia
On 18 June, AP News reported that Russian Security Council Secretary Sergei Shoigu said that North Korean leader Kim Jong Un decided to send 1000 sappers and 5000 military construction workers to support reconstruction work in Russia’s Kursk region. Another Russian news agency, RIA Novosti, also highlighted the growing cooperation between Russia and North Korea for the reconstruction of the Kursk region and deployment of military troops amidst the Russo-Ukraine conflict. North Korea’s official Central News Agency also affirmed Kim Jong Un’s unconditional support and cooperation with Russia, expressing his resolve to defend Russian sovereignty and territorial integrity. The news article expressed alarming concerns over the non-disclosure of the number of North Korean troops deployed in Russia. South Korea and Japan have bolstered their security ties and also expressed their concerns on growing cooperation between North Korea and Russia, and warned of the possibility of jeopardizing global security. (“North Korea plans to send military construction workers and deminers to Russia,” AP News, 18 June 2025)
Korea Reader Daily Wire | 13-16 June 2025, Friday-Monday | Vol.2 No. 121 & 122
South Korea’s President Lee Jae-myung's approval ratings reach 58.6 per cent
On 16 June, Realmeter reported that South Korea’s President Lee Jae-myung’s first approval ratings reached 58.6 per cent. The respondents believe he is doing a good job, while 34.2 per cent expressed disapproval and 7.2 per cent remain unsure. The survey was conducted from 09-13 June among 2,507 voters aged 18 and above, reflecting a relatively strong start for Lee. His numbers trail behind former President Moon Jae-in’s record of 81.6 per cent at the beginning of his term. Other former President’s like Lee Myung-bak started with 76 per cent, while Park Geun-hye and Yoon Suk Yeol had 54.8 per cent and 52.1 per cent, respectively. Lee assumed office on 04 June without a transition period after the removal of former President Yoon. In response, the new administration launched the presidential state affairs committee, which will serve as a substitute for a formal transition team. The 60-day body, extendable by 20 days, is chaired by the Democratic Party’s think tank, The Institute for Democracy’s Director, Lee Han-joo. The committee is tasked with reviewing government operations and crafting policy proposals, including President Lee’s long-promoted universal basic income agenda. It will coordinate with ministries and expert panels while ensuring alignment between the Democratic Party and the presidential office. (Kim Arin, “Committee to come up with blueprint for how Lee Jae-myung will run South Korea,” The Korea Herald, 16 June 2025)
6000 North Korean troops killed in Ukraine’s Western Front, reports UK’s Defence Ministry
On 16 June, The Korea Herald reported that, according to a new assessment by the United Kingdom’s Ministry of Defence, North Korea is believed to have suffered over 6,000 casualties while fighting alongside Russian forces in Ukraine's western front, specifically in the Kursk region. The figure, shared in a post on X, represents more than half of the 11,000 troops Pyongyang initially deployed to the region. The Ministry noted that these significant losses were “almost certainly” the result of high-risk, attritional infantry assaults, suggesting that North Korean units are being used in some of the most brutal and manpower-intensive operations along the front. The report comes two months after an earlier estimate in April, which placed North Korean casualties at over 5,000. South Korea’s National Intelligence Service had also reported around 4,700 casualties by late April, including about 600 confirmed deaths. North Korea is thought to have deployed an additional 3,000 troops to the region this year, bringing the total deployment close to 14,000. (“Over 6,000 N. Korean troops killed or injured in Ukraine war: British defense ministry,” The Korea Herald, 16 June 2025)
North Korea’s leader Kim Jong-un attends the relaunch of the repaired destroyer
On 12 June, North Korea relaunched its 5,000-ton destroyer named Kang Kon after it was damaged during a failed launch in May when it tipped over in Chongjin. Leader Kim Jong-un attended the new launch ceremony at Rajin shipyard, praising the quick two-week repair and calling the earlier accident an unacceptable mistake caused by carelessness. He announced plans to build two more destroyers in 2026, stating they are needed due to growing threats from the US and other hostile countries, and warned of strong military responses. Kim also shared that a dockyard manager died after the failed launch and would be honored. His daughter Ju-ae and several top officials, including new navy commander Pak Kwang-sop, joined him at the event. South Korea’s unification ministry spokesperson Chang Yoon-jeong noted Kim did not mention South Korea this time, suggesting North Korea may be trying to ease tensions under President Lee Jae-myung’s more peaceful approach. (“N. Korea's Kim attends launch ceremony of repaired destroyer, plans to build 2 more such warships,” The Korea Times, 13 June 2025)
South Korea’s independent counsel to investigate former President Yoon's martial Law and marine death cases
On 13 June, South Korea’s independent counsel Cho Eun-suk promised a fair and thorough investigation into former President Yoon Suk Yeol over his brief martial law attempt in December. Appointed by President Lee Jae-myung, Cho stated that he would follow the “logic of investigation” like writing a historical record from the Joseon era and ensure efforts by police and other agencies aren’t wasted. Cho is a former chief of the Seoul High Prosecutors’ Office and former acting chief of the Board of Audit and Inspection. He will lead probes into charges like insurrection and military mutiny. Another independent counsel, Lee Myeong-hyeon, will investigate Yoon’s alleged interference in the 2023 death case of Marine Cpl. Chae, who drowned during a search mission. A former senior official at the defense ministry's prosecutors' office, Lee, said, “I will determine the substantive truth,” recalling he once rejected a cover-up request 23 years ago. (“Independent counsel vows to probe ex-President Yoon's martial law bid only in line with 'logic of investigation',” The Korea Times, 13 June 2025)
Korea Reader Daily Wire | 12 June 2025, Thursday | Vol.2 No. 120
South Korea’s Lee pledges to promote the stock market with “higher dividends”
On 11 June, President Lee Jae-myung promised to make South Korea’s stock market more rewarding and fairer. He has mapped out the incentives that would help companies to pay more dividends so that people can earn extra income and boost the national economy. Lee has also planned for changes in tax payments and new policies that can make stocks a more attractive investment option, similar to real estate. At a meeting with Korea Exchange officials, he emphasized the need for stronger regulations to prevent unfair practices such as insider trading and stock manipulation. His spokesperson, Kang Yu-jung, stated that nearly 30 percent of such offenders are repeat violators due to weak past punishments. He also highlighted that Lee, at present, supports a “one strike, you're out” rule. Since Lee took office, the Kospi index has risen 7.7 percent, closing at 2,907.04, with foreign investors adding 4.2 trillion won and raising market value to USD 1.73 trillion. (“Lee Jae-myung vows dividend boost, transparency in capital market,” The Korea Herald, 11 June 2025)
South Korea's President halts border broadcast promoting peace with North Korea
On 11 June, South Korea’s President Lee Jae-myung stopped loudspeaker broadcasts to North Korea to reduce tension and promote peace. His spokesperson, Kang Yu-jung, stated this shows Lee’s effort to build trust with North Korea and help people living near the border who were disturbed by the loud noise. The decision was made during a Cabinet meeting, exactly one week after Lee became president on 04 June. This keeps up his promise, which he made during his election campaign. The loudspeakers were restarted in June 2024 by the previous government after North Korea sent trash-filled balloons across the border. Kang stated that North Korea has made no recent threats, and this move is a friendly step toward better relations. (Hwang Joo-young, “Lee silences border loudspeakers,” The Korea Herald, 11 June 2025)
Korea Reader Daily Wire | 11 June 2025, Wednesday | Vol.2 No. 119
New facility spotted at North Korea’s Yongbyon nuclear complex
On 11 June, Bloomberg reported that a recent construction change has taken place at the Yongbyon nuclear complex, according to satellite images. The facility is about 100 kilometers north of Pyongyang, and it serves to boost its uranium enrichment. Weapons expert Jeffrey Lewis stated that the facility bears a resemblance to the Kangson enrichment plant located close to Pyongyang. The Director General of the International Atomic Energy Agency (IAEA), Rafael Grossi, confirmed in a report that the building’s size and design are similar to Kangson’s, suggesting it could be another enrichment facility. Analysts Lewis and Sam Lair stated that these features are enough for the IAEA to flag the site. This news follows South Korea’s President Lee Jae Myung’s willingness to engage with Pyongyang. However, closer ties between North Korean leader Kim Jong Un with Russia’s President Putin are making such dialogues difficult. (“North Korea Appears to Have Added to Its Nuclear Complex,” Bloomberg, 11 June 2025)
South Korea’s homeless population declines by 11.6 per cent, reports the Ministry of Health and Welfare
On 11 June, The Korea Times reported on South Korea’s Ministry of Health and Welfare’s 2024 report. It noted that Korea’s homeless population dropped by 11.6 percent in three years to 12,725. These included 1,349 street dwellers, 6,659 in shelters, and 4,717 in “jjokbang” rooms. However, 75.7 percent now live in the Seoul metro area, with 55 per cent of the homeless in Seoul alone. The population is aging, with 36.8 percent in shelters and 46.6 percent in care facilities aged 65 or older. Unemployment was the top cause of homelessness (35.8 per cent), followed by family breakdown (12.6 percent) and business failure (11.2 per cent). Around 75.3 percent remain jobless, and 36.9 per cent plan to sleep outdoors due to discomfort with shelter rules. Average homelessness lasts 51.4 months. Public aid is key, with 41.7 per cent requesting more income support. Alcohol dependence dropped to 23.7 per cent. The ministry, which found these figures concerning, announced it will use the data to shape its 2026–2030 plan for welfare and self-reliance support. (“Korea’s homeless population falls 15%, but ages and clusters in Seoul area,” The Korea Times, 11 June 2025)
Russia is aiding North Korea to build Kamikaze drones and upgrade missiles, reports Ukraine's Defence Intelligence Directorate
On 07 June, an interview with The War Zone, Lt. Gen. Kyrylo Budanov, head of Ukraine’s Defense Intelligence Directorate, revealed that Russia is giving North Korea the technology to produce Shahed-136 kamikaze drones and improve its KN-23 ballistic missiles. Russia is also aiding North Korea’s submarine-based nuclear program. In return, Pyongyang has supplied millions of artillery shells and even troops to support Russia’s war. Budanov stressed that North Korea’s drone capabilities could grow significantly, mirroring Russia’s production of around 2,000 Shaheds monthly, aiming for 5,000. These drones, originally from Iran, are constantly upgraded. Between 08 June and 09 June alone, Ukraine reported 479 Shaheds and decoys launched by Russia. (“Russia Giving North Korea Shahed-136 Attack Drone Production Capability: Budanov,” The War Zone, 09 June 2025)
Korea Reader Daily Wire | 09 June 2025, Monday | Vol.2 No. 117
Seoul High Court postpones South Korean President's retrial on violating election law
On 09 June, the Seoul High Court postponed President Lee Jae-Myung’s retrial on election law violation charges. The hearing, which was initially scheduled for 18 June, was postponed to an undetermined future date. Article 84 of the Constitution exempts a sitting president from criminal prosecution except in the case of insurrection or treason. The retrial comes after the Supreme Court overturned the Seoul High Court's decision to acquit Lee of a suspended prison term in connection with an alleged false statement made in the 2022 presidential election. (Yonhap, “Court again postpones Korean President Lee Jae-myung's election law violation retrial,” The Korea Times, 09 June 2025)
Growing need to employ AI in business to boost efficiency, says survey by KITA
On 09 June, The Korea Herald reported that a majority of South Korean exporters recognized the need to employ artificial intelligence in their business to boost efficiency in a survey. The Korea International Trade Association (KITA) conducted the survey from February 17-19, where 78 out of 396 respondents from the export industry said AI adoption is necessary. Only 16.9 per cent stated they are actively using AI to improve productivity or manage tasks. 68. 7 per cent are either using it on a limited basis or are still reviewing its usage. The cost burdens and shortage of skilled personnel were cited as the top hurdles in AI adoption. KITA said: “Public-private collaboration is essential for AI adoption among exporters, particularly to help small and medium-sized enterprises adopt AI effectively based on manufacturing data." It also stated a lack of refined data and related infrastructure for industrial AI use. ( “8 in 10 Korean exporters see need for AI adoption, but actual use remains low: poll,” The Korea Herald, 09 June 2025)
Korea Reader Daily Wire | 05 June 2025, Thursday | Vol.2 No. 115
Kim Jong-un pledges full support to Russia in the Ukraine War
On 03 June, North Korean leader Kim Jong-un met Russia’s Security Council Secretary Sergei Shoigu in Pyongyang. He has promised to "unconditionally" support Russia in its war against Ukraine. This marks Shoigu’s second visit to North Korea in three months. Kim also stated that his country will "responsibly observe the articles of the treaty of the strategic partnership signed between the two countries in 2024. During the meeting, they have also “confirmed the consensus” of the two country’s' stance on the Ukraine situation and pledged to develop the bilateral ties into the "powerful and comprehensive relations of strategic partnership. Seoul’s spy agency noted that North Korea has dispatched around 15,000 soldiers to Russia, with over 4,700 casualties. Kim also reaffirmed his dedication to a defense treaty signed with Russia’s President Putin on 19 June 2024, promising to follow its terms “responsibly.” Shoigu’s visit also coincided with South Korea’s President Lee Jae-myung’s inauguration. (Yonhap, “N. Korea's Kim vows to 'unconditionally' support Russia in war against Ukraine,” The Korea Times, 05 June 2025)
South Korea’s KHNP finalizes Czech Nuclear Plant deal after court ruling
On 04 June, The Korea Times reported that South Korea’s state-run Korea Hydro & Nuclear Power Co. (KHNP) has officially signed a major contract to build two nuclear reactors in the Czech Republic. This marks South Korea’s first overseas nuclear contract since its 2009 Barakah deal in the UAE. This comes after the Czech Supreme Administrative Court lifted a legal injunction that had delayed the project. Czechoslovakia’s Prime Minister Petra Fiala confirmed the signing between KHNP and the Czech state firm Elektrarna Dukovany II (EDU II). The deal, worth 26 trillion won (USD 18.6 billion), had been blocked due to a complaint from the French company EDF, which lost the bidding. KHNP had planned to sign the deal on 7 May to build two 1,063-megawatt reactors at the Dukovany site, 170 km from Prague. (“S. Korea's KHNP signs final nuclear plant contract with Czech Republic after court injunction lifted: report, The Korea Times, 04 June 2025)
Korea Reader Daily Wire | 04 June 2025, Wednesday | Vol.2 No. 114
South Korea's new President Lee Jae-myung of the Democratic Party wins with 50 per cent vote
On 04 June, BBC reported on Lee Jaemyung assuming office immediately as South Korea’s new president following the impeachment of Yoon Suk Yeol, who attempted to impose martial law last December. Elected with nearly 50 per cent of the vote, Lee’s victory marks a public rejection of authoritarianism and a demand to restore democratic governance. However, Lee faces immediate challenges. The usual two-month transition period has been bypassed due to the constitutional crisis, leaving him no time to assemble his team or outline his full policy agenda. The most urgent matter on his desk is the escalating economic and security confrontation with the United States, driven by President Donald Trump. In April, Trump imposed sweeping 25 per cent tariffs on all Korean imports, including key sectors such as steel and automobiles, despite the longstanding US-Korea alliance. Adding to the strain, Trump has threatened to link security guarantees to economic contributions. The US currently stations 28,500 troops in South Korea under a mutual defense agreement. Trump, however, wants South Korea to pay more for US military protection and may consider reducing the US military presence or redirecting it toward containing China, rather than deterring North Korea. Kim Jong Un, emboldened by increased nuclear capability and Russian support, could demand US troop withdrawals or formal recognition as a nuclear state. Seoul is thus preparing to negotiate its value to Washington. President Lee is being urged to build a direct relationship with Trump and present South Korea as an indispensable ally. One major bargaining chip could be its shipbuilding capacity. South Korea is a global leader in naval shipbuilding, and it hopes to support the struggling US naval industry by offering construction and maintenance capabilities for US warships. As Lee steps into office, he must stabilize the economy, manage fraught US relations, deter North Korean threats, and balance geopolitical rivalries, all without the benefit of a political grace period. The decisions he makes now could reshape South Korea’s strategic future. (Jean Mackenzie, “South Korea's new president has a Trump-shaped crisis to avert” BBC, 04 June 2025)
South Korean President Lee Jae-myung pledges unity and market-oriented governance in inaugural address
On 04 June, in the inaugural speech at the National Assembly, South Korea’s new President Lee Jae-myung vowed to end divisive politics and prioritize national unity. He called himself a “president for all.” Lee emphasized coexistence, dialogue, and compromise over ideological divisions. He pledged to lead a pragmatic, market-oriented government, adopting effective policies regardless of political origin, referencing both conservative and liberal predecessors. Lee, from the Democratic Party of Korea, also committed to strengthening South Korea’s global diplomatic presence through a national interest–driven foreign policy. “Unity is a mark of competence,” he declared, promising to turn global economic and security crises into strategic opportunities to enhance the nation’s interests. (“New president vows to unite divided nation in inaugural address,” The Korea Times, 04 June 2025)
Korea Reader Daily Wire | 03 June 2025, Tuesday | Vol.2 No. 113
South Korean by-election sees 65 per cent voter turnout
On 03 June, more than 65 percent of eligible South Korean voters had cast their ballots, which is slightly higher than for the February 2022 presidential election, according to the National Election Commission (NEC). The by-election is taking place after former President Yoon Suk Yeol was impeached after declaring martial law in December 2024. This was an extremely controversial move with many implications and hard feelings resulting from the very same declaration by the former President of the nation. Polling opened at 6 a.m. and closed at 8 p.m., which makes it two hours longer than usual. South Jeolla had the highest turnout at 74.1 percent, and Busan had the lowest turnout at 58.1 percent. Early voting had a turnout of 34.74 percent, which is the second highest ever seen. Overall, a total of 44.39 million people are eligible to vote. NEC spokesperson Kim Ji-hoon stated that because of the political phenomenon, there is high public interest, and the final turnout is expected to be very strong. Vote counting will begin immediately upon the end of polling, and 70-80 percent is expected to be reported by midnight. (Hwang Joo-young, “Voter turnout exceeds 65% as of 2 p.m., higher than 2022 election,” The Korea Herald, 03 June 2025)
Hyundai and GM Korea union demand a high bonus
On 03 June, The Korea Times reported that Hyundai Motor and GM Korea are dealing with increasing pressure from union members demanding a large bonus. The proposed bonus includes 30 per cent of Hyundai’s 2024 net profit (₩4 trillion), 15 per cent of GM’s profit, and additional unspecified components, despite poor sales and potentially higher U.S. tariffs. The latest sales numbers for Hyundai reflected a 1.7 percent decline in May, while GM Korea reported a decline of 1.8 percent. Korea’s auto exports to the US in May fell 32 percent. According to a source from the domestic auto industry, “While unions will work for their members, excessive demands amid trade tension are likely to hurt earnings and long-term plans. Companies will need to make spending reductions now more than ever.” Discussions of a trade agreement between Korea and the US have not delivered any results as of yet. (Lee Min-Hyung, “Hyundai Motor, GM Korea face union tensions amid US tariff risks,” The Korea Times, 03 June 2025)
Korea Reader Daily Wire | 02 June 2025, Monday | Vol.2 No. 112
South Korea’s impeached Presidents express support for the PPP candidate
On 01 June, Korea Herald reported that the impeached former presidents Park Geun-hye and Yoon Suk Yeol indicated their support for conservative candidate Kim Moon-soo of the People Power Party. It is days before the 03 June election in South Korea that Park went to the conservative stronghold of Daegu, and Yoon sent a letter urging supporters to vote for Kim. This was read by far-right pastor Jeon Kwang-hoon at a rally. The Democratic Party candidate Lee Jae-myung aimed at the two impeached leaders for their endorsement, and also stated that Kim should exhaust all options to cut ties with the leaders. Members of Kim's party expressed some concern, indicating that the demonstrations showed that democracy may be at risk. Interim Chair Kim Yong-tae stated that Yoon should not show up, because it would be detrimental to the party. The team clarified that it was an independent campaign, and being affiliated was inaccurate, quoting from its statement: "Yoon is no longer with the party, and we have no relationship with him at this time". (Hwang Joo-young “Impeached ex-presidents rally behind People Power Party's Kim Moon-soo,” Korea Herald, 01 June 2025)
South Korea’s new president to take office without a transition period, reports Korea Times
On 02 June, Korea Times reported that South Korea’s next president, set to be elected on 03 June, will assume office the very next day, without the usual 60-day transition under the Public Official Election Act. This legal framework, triggered by the by-election following President Yoon Suk Yeol’s resignation, grants full presidential authority upon certification of results, expected on 4 June. The compressed timeline has raised concerns over the incoming administration's preparedness, especially regarding key appointments, budget coordination, and national policy direction. In 2017, a similar transition occurred after Park Geun-hye’s impeachment, prompting then-President Moon Jae-in to form the State Affairs Planning Advisory Committee to bridge the gap. This year’s candidates have also announced immediate measures. Liberal Democratic Party of Korea’s presidential candidate Lee Jae-myung vows to launch an emergency economic task force, while conservative People Power Party Kim Moon-soo plans a KRW 30 trillion supplementary budget and an “economic war room.” Without a transition team, acting officials will likely remain in their posts until replacements are confirmed. The Ministry of Economy and Finance has expressed concern over limited coordination on urgent fiscal matters, including the 2026 budget. A modest inauguration ceremony is expected on 4 June, highlighting the urgency and reigniting debate over systemic reforms to improve future transitions. (Bahk Eun-ji, “New president to take office without transition period,” The Korea Times, 2 June 2025)
North and South Korea engage in the intense information war, reports BBC
On 31 May, BBC reported that the Korean Peninsula remains divided not only by barbed wire and guard posts but also by an intense information war. While North and South Korea are technically still at war, the modern battlefield is also psychological, waged through loudspeakers, USB sticks, and radio waves. South Korea broadcasts K-pop, dramas, and subversive messages, aiming to expose North Koreans to an alternative reality. Non-profits like Unification Media Group (UMG) secretly distribute USBs loaded with foreign content, including banned South Korean TV shows and democracy education. These efforts, however, face increasing resistance. The Supreme Leader of North Korea, Kim Jong Un has tightened border controls, enacted harsh punishments including executions for consuming outside media, and deployed "youth crackdown squads" to police language, dress, and behavior. Many defectors, like Kang Gyuri, were motivated to escape after discovering the outside world through smuggled content. Yet, the South’s campaign sometimes fails. US President Donald Trump’s aid cuts, particularly to media outlets like Radio Free Asia and Voice of America, have stifled key information channels. Meanwhile, North Korea uses Orwellian methods and tech to auto-correct South Korean words and bolster indoctrination. As a result, experts fear the tide is turning in Kim’s favor, tightening the regime’s grip on truth and isolating its people further. (Jean Mackenzie, “North and South Korea are in an underground war - Kim Jong Un might now be winning,” BBC, 31 May 2025)
