U.S. President Donald Trump’s pledge to revive the U.S. shipbuilding industry has raised hopes among Korean shipbuilders for increased cooperation but also prompted calls for formal government agreements to ensure stable and profitable partnerships. Korean firms remain cautious about relying on uncertain U.S. Navy contracts without long-term guarantees.
South Korea will hold a presidential election on June 3 following the Constitutional Court’s decision to uphold President Yoon Suk Yeol’s impeachment. The government selected the latest legally permitted date to allow time for preparations, with official campaigning set to begin on May 12.
South Korean President Yoon Suk Yeol was removed from office by a unanimous Constitutional Court ruling over an unconstitutional martial law declaration, triggering an early presidential election within 60 days.
Prime Minister Han Duck-soo reaffirmed the government's commitment to the three major reforms promised by the Yoon Suk Yeol administration.
“We have to change the...
