Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Last Night in Baseball: The Astros Swept the Dodgers

    Illinois & Ole Miss in Joel Klatt’s most likely to make first CFP appearance | Joel Klatt Show

    PGA of America Coaching Center Announces Partnership with Sports Academy

    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram Pinterest VKontakte
    Sg Latest NewsSg Latest News
    • Home
    • Politics
    • Business
    • Technology
    • Entertainment
    • Health
    • Sports
    Sg Latest NewsSg Latest News
    Home»Politics»South Korea frontrunner Lee suggests extending US tariff talks
    Politics

    South Korea frontrunner Lee suggests extending US tariff talks

    AdminBy AdminNo Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Lee Jae-myung, mayor of Seongnam city, on Nov. 23, 2016. Lee is rising in opinion polls with about a year to go until South Korea’s next presidential election. He wants to break up the country’s biggest companies, meet unconditionally with North Korean leader Kim Jong Un, and throw President Park Geun-hye in jail over an influence-peddling scandal.

    SeongJoon Cho / Bloomberg / Getty Images

    South Korean presidential frontrunner Lee Jae-myung said on Sunday the deadline to reach a deal with the U.S. on President Donald Trump’s trade tariffs needs to be reconsidered to find a mutually beneficial agreement between the two allies.

    Tariff negotiations with the United States will be one of the biggest challenges for the winner of the June 3 election, Lee told a press conference.

    The snap election was called after Yoon Suk Yeol was impeached as president and removed from office for briefly declaring martial law in December. Lee, from the main opposition Democratic Party of Korea, is leading in opinion polls over conservative contestants.

    Seoul and Washington have said they aim to craft a package on tariffs and economic cooperation by July 8. But the South Korean minister for trade and industry said recently that was not enough time and delays would be possible due to the election.

    “There is not much time,” Lee said. “Isn’t diplomacy something that benefits both sides? If one country benefits and the other country suffers unilaterally, that is not diplomacy. It is called plunder.”

    He called for mutual respect between the two countries, saying they “need to reconsider whether the timeline set by one side should be bound to”.

    South Korea planning more serious engagement with the US, says Korea's Trade and Industry Minister

    Lee said South Korea must compile an extra budget to boost the economy in the short term and vowed that if elected he would form and head a task force to tackle the slowing economy.

    “I will swiftly prepare immediately actionable economic measures and actively respond to the domestic economic slowdown with the determination to fight the recession,” he said.

    Lee said he would pursue peace on the Korean peninsula, criticising the ousted Yoon’s tough policy on North Korea, which he said had raised tensions high, burdening the economy and adding to concerns among foreign investors.

    “We should maintain and strengthen our powerful defence capabilities, military power and strengthen the South Korea-U.S. security alliance, but find a path toward dialogue, cooperation, communication and coexistence where possible,” said Lee, who considers pragmatism as a key to diplomacy.

    Lee is leading the race with 45% support ahead of conservative rival Kim Moon-soo, Yoon’s labour minister, with 36% support in a Gallup Korea poll released on Friday.

    Kim has been closing the initially double-digit gap with Lee. Asked about his recent decline in polls, Lee said he was confident that South Koreans would not choose those who supported or staged the “insurrection”, referring to the criminal charges against Yoon over martial law.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    Supreme Court rejects case over Montana abortion law requiring parental consent for minors

    A water-saving tool in drought-hit Chile: human hair

    Trump says he’s speaking with Putin today

    Ambiq Micro files for US stock market listing amid AI-focused IPO revival

    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    Microsoft’s Singapore office neither confirms nor denies local layoffs following global job cuts announcement

    Google reveals “material 3 expressive” design – Research Snipers

    Trump’s fast-tracked deal for a copper mine heightens existential fight for Apache

    Top Reviews
    9.1

    Review: Mi 10 Mobile with Qualcomm Snapdragon 870 Mobile Platform

    By Admin
    8.9

    Comparison of Mobile Phone Providers: 4G Connectivity & Speed

    By Admin
    8.9

    Which LED Lights for Nail Salon Safe? Comparison of Major Brands

    By Admin
    Sg Latest News
    Facebook X (Twitter) Instagram Pinterest Vimeo YouTube
    • Get In Touch
    © 2025 SglatestNews. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.