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The central focus of the visit is to finalize South Korea’s involvement in the construction of two nuclear reactors at the Dukovany nuclear power plant in the Czech Republic.
According to sources close to the matter, Kioxia's management has been working closely with financial advisors to finalize the details of the listing.
The NPS, which holds a substantial stake in SK Innovation, has expressed its apprehension over the merger's terms and the strategic direction proposed.
Household debt in South Korea has surged to over 100% of the country's GDP, one of the highest levels among advanced economies.
Kim's appeal came in the wake of President Yoon Suk Yeol’s Liberation Day address on August 15, where the South Korean leader outlined a bold vision for the future of the Korean Peninsula.
Yoon emphasized that North Korea’s leadership, which harbors ambitions of forcibly unifying the Korean Peninsula, would not survive an attack on the South.
Despite Yoon’s efforts to mend ties with Japan, including resolving disputes related to forced labor during Japan’s colonial occupation of Korea, the political climate in Seoul remains tense.
Finance Minister Choo Kyung-Ho stated that the fuel tax cut extension is necessary to mitigate the effects of surging international oil prices, which have put pressure on household budgets and exacerbated inflation.
Supporters argue that a differentiated wage system would ease the burden on industries dependent on foreign workers, particularly in childcare and eldercare, where costs for foreign caregivers often exceed 2 million won per month, making them inaccessible to many families.
The border is one of the most fortified in the world, lined with barbed wire, landmines, and watchtowers manned by heavily armed guards.
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