SEOUL: President Yoon Suk Yeol is set to embark on a significant diplomatic journey to Peru and Brazil from November 14-21, as announced by his office on Tuesday. This visit will see him participating in the Asia-Pacific Economic Cooperation (APEC) summit in Peru from Thursday to Saturday, followed by the Group of 20 (G20) summit in Brazil from Sunday to Tuesday. Principal Deputy National Security Adviser Kim Tae-hyo shared these details with reporters, highlighting the importance of these international gatherings. According to Yonhap News Agency, the South Korean economy is facing challenges as the national currency, the Korean won, fell to its lowest point in over two years against the U.S. dollar. This decline is attributed to broader implications of Donald Trump's recent presidential victory, affecting both the financial and industrial sectors. The won opened at 1,399.1 against the dollar, further sliding to 1,403.5 by 3:30 p.m. on Tuesday. Additionally, the Korea Development Institute (KDI), a major s tate-run think tank, has revised its economic growth outlook for 2025, cutting it to 2 percent due to an anticipated slowdown in exports. This adjustment, down from the previous estimate of 2.1 percent made in August, comes despite improvements in domestic demand. In the realm of culture, BLACKPINK's Rose continues to make headlines as her collaborative single "APT." with American pop star Bruno Mars remains atop the U.S. Billboard's global charts for the third consecutive week. Billboard announced via social media platform X that the song has maintained its top position on both the Billboard Global 200 and the Billboard Global Excl. U.S. charts. Meanwhile, South Korea is closely monitoring the evolving diplomatic landscape as President-elect Donald Trump's victory could lead to renewed dialogue with North Korean leader Kim Jong-un. A senior Seoul official emphasized that South Korea intends to ensure its position is considered in any potential talks between Trump and Kim. This development could influence S eoul's diplomatic relationship with Washington and its approach toward North Korea, especially in light of Pyongyang's strengthening ties with Russia and its military support for Moscow's actions in Ukraine.
President Yoon Suk Yeol to Attend APEC and G20 Summits Amid Economic Concerns.
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