A battalion of enraged South Koreans protested last Saturday in Seoul, pushing Park Geun-hye to issue his official resignation as the country’s president.
South Korea fired several warning shots at a suspected North Korean drone on Wednesday. The incident took place at DMZ, in a border between the countries, a week after North Korean nuclear test.
Continuing 12-month falling streak, South Korea suffered drop in exports during December 2015 as well. The sluggish Chinese demand and weaker global outlook have impacted South Korea's exports in 2015. The drop in exports surpassed the forecast of economists.
The leaders of South Korea and Japan have finally decided to break their long-standing diplomatic freeze in favor of combining forces to address North Korea's nuclear ambitions.
Of late, Japan has been facing a different situation albeit rough weather in the international diplomacy. Japanese Prime Minister Abe Shinzo didn't (couldn't) meet Barack Obama, the US President, this week at the 70th year founding celebrations of the United Nations (UN) held in New York. However, the list of dignitaries that Abe met included Vladimir Putin, Russian President, and Park Geun-hye, South Korea President. Abe participated in a number of meetings and met several important global leaders on the sidelines of the UN celebrations.
Japan is considering ending its 14-year-old, $10 billion currency swap agreement with South Korea amid a deterioration in relations between the two countries, a government source told Reuters on Saturday.
Japanese Prime Minister Shinzo Abe will meet Russian President Vladmir Putin on the sidelines of the Asia-Pacific Economic Cooperation forum in Beijing in November, the two leaders decided on Tuesday, a Japanese government official said.
Washington is facing growing international pressure to ease its long standing ban on crude oil exports, with South Korea and Mexico joining the European Union in pressing the case for U.S. oil shipments overseas.
South Korea was reported to be a possible investor in Britain's nuclear power market after the Asian country hired Lloyd's Register to evaluate its nuclear reactors, according to a director at Lloyd's.