Thursday, November 21, 2024

APEC Summit: Yoon, Biden, and Kishida Gear Up for Talks on Regional Security

On October 18, President Yoon Suk Yeol posed for a commemorative photo with U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida during a trilateral luncheon at Camp David, the U.S. presidential retreat in Maryland. / Newsis 

South Korean President Yoon Suk Yeol is set to hold a trilateral summit with U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida on Friday during the Asia-Pacific Economic Cooperation (APEC) summit in Peru, the South Korean presidential office confirmed on Wednesday.

Yoon, who will depart for Peru on Thursday, is also coordinating the scheduling of separate summits with Japan and China on the sidelines of the APEC meeting, with those discussions expected to take place as well.

Following the APEC summit, Yoon is scheduled to attend the Group of 20 (G20) summit in Brazil, where he is also reportedly planning a golf meeting with U.S. President-elect Donald Trump.

The presidential office has not provided a specific return date for Yoon’s trip, suggesting that it could be flexible depending on the ongoing diplomatic discussions. “We are maintaining close communication with President-elect Trump’s team,” the office stated.

Before the U.S. presidential election, South Korea, the U.S., and Japan had been working to coordinate a trilateral summit in Hawaii or California this December. However, the election of Donald Trump and the anticipated change in U.S. leadership have led to adjustments in these plans.

Despite the packed schedule at APEC, the leaders’ agreement to move forward with the trilateral summit demonstrates their shared commitment to upholding the spirit of cooperation seen in the Camp David summit last year. For South Korea, this summit is also seen as a way to indirectly signal to the incoming Trump administration its intention to continue strong trilateral cooperation, regardless of the election outcome. The three leaders had agreed to hold annual trilateral summits during their Camp David meeting in August 2023, near Washington, D.C.

At the upcoming summit in Peru, the leaders are expected to discuss a firm response to North Korea’s nuclear and missile development programs, as well as strategies to enhance their trilateral cooperation on these issues.

Additionally, the leaders are likely to address the growing concerns over illegal military cooperation between Russia and North Korea. Recent reports from U.S. and South Korean authorities confirm that North Korean troops deployed to Russia are now engaged in combat alongside Russian forces in Kursk.

Meanwhile, the South Korean National Intelligence Service (NIS) confirmed that North Korean forces have already been assessed to be participating in combat operations. “They are already assessed to be participating in combat,” the NIS stated.

Hot this week

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.

Hamster Heist: 130 Furry Escape Artists Ground Plane for 5 Days

Over 130 hamsters escaped from a TAP Air Portugal flight, causing a five-day operational halt after an emergency landing.

Topics

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.

Hamster Heist: 130 Furry Escape Artists Ground Plane for 5 Days

Over 130 hamsters escaped from a TAP Air Portugal flight, causing a five-day operational halt after an emergency landing.

Hyundai Makes History: First Foreign CEO Appointed

Hyundai Motor appoints José Muñoz as its first foreign CEO, focusing on global branding and electrification strategies.

China’s Tech Giants On the Hunt for Silicon Valley’s AI Talent

Chinese tech giants like Alibaba and ByteDance are recruiting AI talent from Silicon Valley to enhance their generative AI capabilities.

Tesla Soars 7% as Trump Promises Self-Driving Regulations

Tesla's stock surged over 7% after Trump prioritized easing autonomous driving regulations, boosting hopes for the company's robotaxi plans.

Related Articles