Lee visits shipbuilding firm in Ulsan, pledges support

President Lee Jae Myung visited the headquarters of HD Hyundai Heavy Industries Co. in Ulsan on Wednesday. He pledged government support for the country's shipbuilding industry. The president also inspected liquefied natural gas carriers under construction for export.

President Lee Jae Myung toured a dock affiliated with HD Hyundai Heavy Industries Co. and inspected liquefied natural gas carriers under construction for export. He also received a briefing on the firm's order intake and conditions in the global shipbuilding market, vice presidential spokesperson Ahn Gwi-ryeong said.

The president praised the dedication and expertise of shipbuilding workers. He attributed to them the world's highest-level competitiveness of the country's shipbuilding industry.

Later in the day, Lee reiterated in a post on his X account that the government will go beyond laying a strong industrial foundation for the shipbuilding sector and work to build an ecosystem in which industrial safety is ensured and the benefits are shared fairly.

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President Lee Jae-myung returns from India-Vietnam trip, waving at airport amid symbols of new economic agreements.
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President Lee returns from India, Vietnam trip focused on economic ties

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President Lee Jae-myung returned home on April 24 after a six-day trip to India and Vietnam. He focused on expanding cooperation in energy and supply chains amid Middle East uncertainties during summits with the countries' leaders. Agreements aimed at doubling trade volumes and deepening strategic ties were reached.

President Lee Jae-myung held a summit with Indian Prime Minister Narendra Modi in New Delhi on April 20, agreeing to double bilateral trade to $50 billion by 2030 and cooperate on energy supply chains amid Middle East tensions. The leaders confirmed resuming CEPA upgrade talks and signing MoUs in shipbuilding, AI and other areas. A selfie taken by Samsung Chairman Lee Jae-yong with a Galaxy Z Flip7 during the event went viral.

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President Lee Jae Myung warned on April 30 that excessive labor union demands could harm unions and other workers, urging responsibility. The remarks came amid threats of an 18-day strike by a major Samsung Electronics union starting May 21. He stressed coexistence amid AI-driven changes.

President Lee Jae Myung is set to hold a bilateral summit on Wednesday with Vietnam's top leader To Lam in Hanoi. Discussions will focus on strengthening economic ties and supply chain coordination amid global uncertainties. Lee's state visit marks the first by a foreign leader since To Lam was elected state president earlier this month.

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South Korean President Lee Jae-myung arrived in Delhi on Sunday for a three-day state visit. He will meet Prime Minister Narendra Modi on Monday to discuss shipbuilding, trade, investments, AI, semiconductors, and emerging technologies. External Affairs Minister S Jaishankar called on President Lee upon his arrival.

The South Korean government announced a 2.1 trillion-won ($1.45 billion) financial package to support the restructuring of Lotte Chemical Corp. and HD Hyundai Chemical at the Daesan industrial complex. This is the first authorized project under the petrochemical sector's broader self-rescue plan. The initiative aims to address supply gluts by reducing capacity and shifting toward high-value and eco-friendly products.

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President Lee Jae-myung met with six U.S. lawmakers from the Congressional Study Group on Korea in Seoul on April 2 and reaffirmed his commitment to regaining wartime operational control from Washington. He stated that along with increasing defense spending, South Korea aims to reduce the U.S. burden and safeguard peace on the Korean Peninsula with its own capabilities. The remarks follow criticism from former President Donald Trump.

 

 

 

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