Friday, November 22, 2024

South Korea to Reconsider Arms Support to Ukraine Amid Russian Pressure

News1

The South Korean Presidential Office announced on the 20th regarding the signing of a treaty between Russia and North Korea promising military cooperation, “We plan to reconsider the issue of weapon support to Ukraine.”

Jang Ho Jin, head of the National Security Office, said in a briefing after the NSC Standing Committee meeting at the Yongsan Office in Seoul, “We have designated 1,151 items for export controls on Russia, implemented after the war in Ukraine, and we decided to designate an additional 243 items.”

Considering that military cooperation between Russia and North Korea could pose a threat to the security of the Korean Peninsula, an official at the Presidential Office said, “According to the document, immediate military and other support will be provided when they are attacked” and “Although we would not initiate the attack, it is a serious security threat to us.”

The official stated, “Regarding the issue of weapon support to Ukraine, we have not provided lethal weapons so far, but we plan to reconsider that policy.” The official then pressured Russia, saying, “It will be more exciting for Russia to find out the specifics gradually.”

The official emphasized that when discussing the provision of weapon support to Ukraine, they would not specify whether they would supply lethal weapons. He noted that there are various options for weapon support and that it would be interesting for Russia to discover whether the support is gradually lethal or non-lethal. He suggested that finding out gradually would apply pressure on Russia.

Hot this week

Wall Street’s Fall from Grace: Hedge Fund Star Sentenced to 18 Years

Bill Hwang, founder of Archegos Capital, received an 18-year prison sentence for market manipulation causing billions in losses.

Billionaire Gautam Adani Charged with Massive Bribery Scheme

Gautam Adani, Asia's second-richest person, faces U.S. indictment for bribing Indian officials over $250 million to secure contracts.

Wall Street’s Wild Prediction: S&P 500 Could Soar to 6600

Wall Street anticipates a market surge as Trump's presidency promises tax cuts and deregulation, with S&P 500 forecasts rising significantly.

Bitcoin Breaks Records: Surges Past $94,000 Amid Trump’s Victory

Bitcoin surpassed $94,000 amid expectations of crypto-friendly policies under Trump, sparking optimism for a bullish market.

Is South Korea’s Economy in Trouble? IMF Sounds the Alarm

The IMF forecasts South Korea's 2024 growth at 2.0%, citing uncertainties and recommending gradual interest rate cuts and structural reforms.

Topics

Wall Street’s Fall from Grace: Hedge Fund Star Sentenced to 18 Years

Bill Hwang, founder of Archegos Capital, received an 18-year prison sentence for market manipulation causing billions in losses.

Billionaire Gautam Adani Charged with Massive Bribery Scheme

Gautam Adani, Asia's second-richest person, faces U.S. indictment for bribing Indian officials over $250 million to secure contracts.

Wall Street’s Wild Prediction: S&P 500 Could Soar to 6600

Wall Street anticipates a market surge as Trump's presidency promises tax cuts and deregulation, with S&P 500 forecasts rising significantly.

Bitcoin Breaks Records: Surges Past $94,000 Amid Trump’s Victory

Bitcoin surpassed $94,000 amid expectations of crypto-friendly policies under Trump, sparking optimism for a bullish market.

Is South Korea’s Economy in Trouble? IMF Sounds the Alarm

The IMF forecasts South Korea's 2024 growth at 2.0%, citing uncertainties and recommending gradual interest rate cuts and structural reforms.

Trump’s Election Sends Global Markets Into Freefall, But Wall Street’s Winning Big

Trump's election victory causes a split in stock markets, boosting Wall Street while global markets struggle amid protectionist policy fears.

Trump’s Surprise Pick: Howard Lutnick to Lead Commerce Department

Trump nominates Howard Lutnick as Secretary of Commerce, highlighting his role in economic policy and trade agreements.

MicroStrategy’s Stock Soars 509% in 2024, Thanks to Trump and Bitcoin Boom

MicroStrategy's stock surged 509% in 2024, driven by Bitcoin purchases and the Trump effect, making it a major player in the market.

Related Articles