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About this Episode
The latest news from home and abroad, with a close eye on Northeast Asia and the Korean Peninsula in particular
Hosts & Guests
Transcript
From Seoul, Korea, KBS World Radio News today starts right now.
On today's broadcast, global oil prices return to the $80 range in response to US President
Donald Trump's remark that the war in Iran will end soon, sending up stocks in Seoul.
President E.J.
U.S. weapons to the Middle East will not seriously damage nuclear deterrence against North Korea.
And South Korea clenches part of our spurt at the world-based bulk-facet for the first time in 17 years after dramatic victory over Australia.
This is KBS World Radio News. I'm Daniel Choi.
Global oil prices, after surpassing $100 per barrel, return to the $80 range in response to US President Donald Trump's remark that the war in Iran will be over soon and in anticipation of price stabilization measures.
In Seoul, the benchmark cost began over 5 percent, pairing losses from the previous day.
Rosin Bak has our top story.
How good.
Shooter.
Global oil prices have tumbled back from a near four-year high while stocks rose after US President Donald Trump claimed the war in Iran will end soon.
During a meeting with Republican House members in Florida on Monday, Trump sought to alleviate the fear of an extended conflict with Iran.
Better, stronger, and our country is doing really well.
At a level that nobody thought, we took a little excursion because we felt we had to do that to get rid of some evil.
And I think you'll see it's going to be a short-term excursion.
Trump later told a press conference that he would not let Iran block the street of hormones and hold the world hostage over oil.
We're putting an end to all of this threat once and for all, and the result will be lower oil prices, oil and gas prices.
Trump's latest remarks have given markets some hope amid fears of a deepening energy supply crisis.
Global oil prices, which surge past $119 US dollars a barrel to highs not seen since 2022, ended a volatile Monday in the US with Brent Crude and West Texas intermediate, both settling in the $80 range and late trading.
Stocks also rebounded. In South Korea, the benchmark Korea composite stock price index rose 5.35 percent on Tuesday, while the tech heavy cost acting 3.21 percent.
Rosenpark KBS World Radio News.
I mean, reports the United States is pulling out some weapons from the Korean Peninsula to send to the Middle East.
President E.J. Myeong-saes to possible transfer will not seriously damage nuclear deterrence against North Korea.
During a cabinet meeting Tuesday, E.J. mounting concerns over the potential partial deployment of US forces' Korean air defense and other weapon systems to the Middle East theater of command amid the ongoing war in the region.
While noting that Seoul has expressed its opposition to USF case withdrawal of some air defense assets, E.J. said it's a stark reality that the position cannot be fully insisted.
Siding South Korea's high level of defense spending, E.J. said the possible relocation of US weapons out of the nation will not have a tangible effect on domestic defense readiness.
The United States is reportedly relocating parts of a terminal high-altitude area defense system deployed in South Korea to the Middle East.
The Washington Post issued the report on Monday citing two government officials.
The officials reportedly said the US military is also drawing from its supply of sophisticated petri interceptors in the Indo-Pacific and elsewhere to bolster its defense against Iran's drone and ballistic missile attacks.
One of the officials told the paper that the moves were not due to immediate shortage of weaponry in the Middle East, but were rather a precautionary measure in case Iran drastically increased its rate of retaliatory attacks.
The newspaper also reported citing three government officials that the US Department of War expanded about $5.6 billion worth of munitions during the first two days of attacks on Iran.
Kim Yajong, the influential sister of North Korean leader Kim Jong-un, warned of unimaginably terrible consequences in condemning Seoul and Washington's joint annual military drills that kicked off on Monday.
In a statement carried by the state-run Korean Central News Agency on Tuesday, Kim called the Allies Freedom Shield Exercise a provocative and aggressive war rehearsal by those scheming and planning confrontation with the regime.
She said the latest geopolitical crises and complicated international events around the role of the show that there is no distinction between defense and attack, training an actual warfare in all military maneuvers by enemy-field warfare troops.
Referring to the regime leader's comment that the strongest striking power is the most reliable deterrence, the sister threatened to mobilize destructive strength for responsible exercise of deterrence against strategic threats, likely suggesting the use of the regime's nuclear capacity.
Approximately 18,000 troops are expected to participate in the Allies' combined exercise through March 19, with a number of field training drills reduced to less than half from 51 last year to 22 this year.
South Korea qualified for the quarter-finals of the World Baseball Classic for the first time in 17 years after a dramatic victory over Australia.
The national team beat Australia 7-2 at Tokyo Dome on Monday, advancing to the knockout stage in Miami, Florida, as a second-ranked team in pool C after Japan.
South Korea's chances of qualifying for the quarter-spot were thrown into doubt after the team posted a win over Chechiha and two losses against Japan and Chinese Taipei.
Monday's victory placed South Korea in a three-way tie with Australia and Chinese Taipei in the pool ranking, but it ultimately secured the ticket to Miami.
South Korea will face the winner of pool D in the quarter-finals at Miami's Lone Depot Park at 7.30 a.m. Saturday, Korean Standard Time.
The Ministry of the Interior and Safety plans to use an artificial intelligence deep-fake analysis model jointly developed with the National Forensic Service in the local elections scheduled for June.
The Ministry announced a plan on Tuesday disclosing the model developed based on five top entry selected at an AI detection model competition held in December last year to address deep-fake-related crimes.
The Ministry said internal test shows the model's false content detection rate reached 92%, significantly higher than the 76% recorded by earlier models.
The government plans to provide the model to the National Election Commission to help quickly identify suspected deep-fake content circulating online during the election period.
A revised pro-labor law aimed at broadening workers bargaining rights to give back Tuesday, the so-called Yellow and the Lope Act, promulgated in September last year, allows subcontractor workers to negotiate directly with primary contractors that effectively determine their working conditions, providing legal grounds for subcontractor labor unions to engage in dialogue with parent companies.
It also significantly revises work reliability for damages stemming from labor disputes, where responsibility varying depending on a union members role and position allowing courts to reduce compensation amounts.
The like spends to scope of labor disputes to include management decisions and violations of collective agreements, while also permitting labor unions to register even if some members are not employees.
The Ministry of Employment and Labor set it will make every effort to minimize confusion during the early stages of implementation.
South Korea's per capita gross national income remain in the $36,000 range for a third consecutive year in 2025.
Perliminary debt are released by the Bank of Korea Tuesday indicated the country's nominal per capita GNI reached $36,855 last year of 0.3% from the previous year.
In local currency terms, the figure rose 4.6% on year 252.4 million, the sluggish dollar-based growth is mainly attributed to the depreciation of the Korean currency against the US dollar.
South Korea's dollar-denominated per capita GNI last year trailed Taiwan in Japan, which reached $40,585 and about $38,000 respectively.
The benchmark Korea composed stock price index rose 280.72 points or 5.35% on Tuesday to close at $5,532.59.
And that's the news from KBS World Videos News Center in Seoul, Sesame Daniel Tre.
