On March 13, Cheong Wa Dae (CWD) released two separate press releases announcing President Lee Jae Myung will welcome the presidents of Indonesia and France in rapid succession at the end of March and beginning of April, with the two visits briefly overlapping on April 2. Indonesian President Prabowo Subianto will arrive first, making a state visit from March 31 to April 2 at the invitation of President Lee. This will be President Prabowo's second visit to Korea in five months, following his attendance at the Gyeongju APEC Summit last October, where he held a bilateral summit with President Le
In a March 11 press release, Korea’s Ministry of Trade, Industry and Resources (MOTIR) announced that the International Energy Agency (IEA) had decided at an emergency Governing Board meeting the same day to implement the Collective Action proposed on March 10 to release 400 million barrels of emergency oil stocks. Korea has been allocated 22.46 million barrels, or 5.6% of the total, for release. The IEA approved the largest coordinated stock release in its history to help ease the global energy supply crisis, which has been intensifying amid recent developments in the Middle East. National re