Seoul: President Lee Jae Myung pledged Friday to restore the honor of South Korean women sexually enslaved by Japan during World War II, stating that Seoul will play a central role in Asia in promoting human rights and peace. "I will work responsibly until the honor and dignity of each and every victim are fully restored," Lee conveyed through his chief of staff Kang Hoon-sik at a ceremony commemorating the "comfort women."
According to Yonhap News Agency, an opposition lawmaker, Rep. Cho Kyung-tae of the main opposition People Power Party, has sent official letters to U.S. House members. The letters explain that South Korea's regulatory actions against Coupang over a massive data breach were not discriminatory against the U.S.-listed company. This move comes amid growing concerns in the U.S. Congress regarding South Korea's treatment of Coupang and its broader digital market regulations.
Revenue from Apple Inc. at LG Innotek Co. is believed to have reached a record high in the first half of the year. The first-half report released by the electronic component maker Friday indicates that revenue from a single customer, which accounted for more than 10 percent of LG Innotek's total sales, amounted to 8.84 trillion won (US$6.24 billion) in the January-June period. This revenue covered LG Innotek's optical and package businesses.
The upcoming key combined exercise with South Korea will focus on modernizing the bilateral alliance and shaping the security environment in Northeast Asia, according to the U.S. military. The U.S. Eighth Army announced its participation in the Ulchi Freedom Shield (UFS) exercise, set to commence Monday for an 11-day duration. This exercise aims to reinforce the partnership with South Korea to strengthen deterrence and regional stability.
South Korean shares ended sharply higher for the fifth consecutive session Friday as investors bought shares of major chipmakers. The Korean won also rose against the U.S. dollar. After opening 2.7 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) trimmed earlier gains to finish up 164.60 points, or 2.42 percent, at 6,977.94.