Tag: South Korea

It looks like the tight relationship that South Korea has built with UAE over many years is now paying off with this announcement:

The United Arab Emirates (UAE) has pledged to treat Korea as its top priority for crude oil exports, President Lee Jae Myung’s top aide said Wednesday, announcing that a total of 24 million barrels have been secured from the Gulf country as Tehran’s blockade of the Strait of Hormuz threatens to squeeze Seoul’s energy supply. 

“The UAE promised that Korea is the ‘No. 1 priority’ in supplying crude oil and we agreed that Korea could buy oil anytime through the UAE,” presidential chief of staff Kang Hoon-sik said at a briefing.

In addition to 6 million barrels of crude oil under a previous agreement, the UAE promised this time that an additional 18 million barrels would be shipped to Korea. Roughly 6 million barrels will be shipped by three UAE cargo ships, while six Korean vessels will transport the remainder. Kang added that Seoul and Abu Dhabi plan to sign a memorandum of understanding on the oil supply chain in the near future.

Korea Times

You can read more at the link.

This is probably going to be happening across the world as the war with Iran drags on:

The government said Thursday it will implement a temporary fuel price cap system starting at midnight to help ease cost burdens amid supply concerns over the ongoing Middle East crisis, officials said Thursday. 

The government announced the plan at a task force meeting of ministers in charge of managing market prices, as domestic fuel prices have fluctuated since the United States and Israel launched airstrikes against Iran late last month.

It marks the first time since 1997 that South Korea is enforcing the price ceiling system using a provision in the Petroleum Business Act that allows the industry minister to designate a maximum sales price when oil prices fluctuate sharply and threaten economic stability.

Under the price cap system, the government will set maximum prices for oil products South Korean oil refineries supply to gas stations and distributors, according to the Ministry of Trade, Industry and Resources. 

The ministry said it has decided to apply the price ceiling on supplies by oil refineries, not the retail prices at gas stations, considering that retail prices vary widely by region and business strategy and operating practices of gas stations.

The maximum price will be calculated by multiplying the weekly average supply prices of regular gasoline, diesel and lamp oil products, and the adjustment rate of the Mean of Platts Singapore (MOPS), added with related taxes. MOPS is a benchmark price for petroleum products across the Asia-Pacific region. 

The initial price cap will be set at 1,724 won (US$1.17) per liter for regular gasoline, 1,713 won per liter for diesel and 1,320 won per liter for lamp oil.

Yonhap

You can read more at the link.

This is some great advertising for Korea’s defense industry:

As Iranian forces launched retaliatory strikes across the Middle East following Saturday’s U.S. and Israeli airstrikes on Iran, the United Arab Emirates turned to South Korea’s Cheongung-II surface-to-air missile system to help intercept incoming attacks, according to officials familiar with the matter. 

The system, sold to the UAE in recent years as part of Seoul’s expanding defense exports, has been integrated into the country’s broader air defense network. 

The interception marks the first combat use of a South Korean-made air defense weapon deployed overseas, underscoring the country’s expanding arms exports to the Middle East and offering a rare glimpse of the system’s performance in combat.

Korea Times

You can read more at the link.

Here is an interesting Op-Ed in the Korea Times from a retired ROK Army general on what South Korea should learn from the Iran War:

(……..) There are clear parallels between Iran and North Korea. Both rely on missiles, coercive rhetoric and calibrated escalation to compensate for economic and conventional weakness. Both view nuclear capability as regime insurance. Both assume that external actors will ultimately avoid confrontation due to escalation risks.

The difference is that North Korea already possesses nuclear weapons. That reality does not guarantee safety. It merely raises the stakes.

The true stabilizing factor on the Korean Peninsula is not North Korea’s arsenal. It is the alliance structure anchored by South Korea, Japan and the United States. That structure imposes strategic restraint on all sides because any conflict would be immediate, catastrophic and alliance-driven.

But restraint depends on credibility.

Here is the uncomfortable point the Korean public must confront: the U.S.-ROK alliance is not indestructible. It is sustained by political will on both sides. If South Korea signals that the alliance is conditional, negotiable or politically expendable, Washington will not ignore that signal.

Great powers adjust. They always do.

Some in South Korea believe the alliance can be strategically “tested” — that Seoul can publicly distance itself from Washington, question joint exercises, dilute trilateral cooperation with Japan and still assume the American security guarantee remains unchanged. That is a dangerous illusion. (………)

If Washington perceives hesitation in Seoul, it will hedge. Hedging does not require abandonment. It requires adjustment — force posture changes, prioritization shifts, conditional commitments. And once strategic recalibration begins, it is rarely reversed quickly.

The first costs of miscalculation will not fall on Washington. They will fall on Seoul.

Progressives who advocate engagement with North Korea are not wrong to seek reduced tension. Dialogue is necessary. But dialogue that undermines deterrence credibility invites coercion. There is no historical example in which weakening alliance solidarity strengthened negotiating leverage with a nuclear-armed adversary.

Strategic autonomy is often invoked as justification for recalibrating ties with the United States. But autonomy without substitute capability is exposure. China will not defend South Korea against Northern aggression. Japan cannot replace American extended deterrence. An independent nuclear option would impose severe economic and diplomatic penalties on South Korea. (………)

Testing the alliance for domestic political leverage is not strategic sophistication. It is strategic gambling in an increasingly unforgiving environment.

Korea Times

You can read the whole thing at the link.

Once again North Korea is ignoring Lee’s call for talks because they don’t need anything from South Korea. Currently all their needs are being met by the Russians. Whenever the Ukraine war ends and the flow of money from Russia stops that is when you will see the Kim regime open to talks with South Korea in order to start a new revenue stream:

President Lee Jae Myung on Sunday urged North Korea to return to the negotiating table with the United States and join efforts to shape what he called a “new future,” vowing to work with relevant countries to turn the Korean War armistice into a peace regime.

Lee made the remarks in his first address marking the March 1 Independence Movement at the COEX exhibition center in southern Seoul as the nation commemorated the 107th anniversary of the nation’s 1919 independence movement, a watershed event during Japan’s 1910-45 brutal occupation of the Korean Peninsula.

“Since North Korea is formulating and implementing a new five-year plan, I hope that it will swiftly return to the negotiating table and join us in shaping a new future,” Lee said, stressing that “hostility and confrontation serve neither side’s interests.”

Yonhap

You can read more at the link.

From everything I have been reading the Japanese are actually happy about the reduction in Chinse tourists and the Koreans seem to be happy to have them, so a win-win for everyone:

Tang and his family were among the influx of Chinese tourists who visited Korea during the holiday period, which began on Feb. 15 and ended on Monday.

Beijing and Tokyo have been embroiled in a diplomatic dispute since November, when Japanese Prime Minister Sanae Takaichi said that Tokyo could respond militarily to a potential attack on Taiwan. In response, Beijing has advised citizens to avoid traveling to Japan.

Korea’s Ministry of Culture, Sports and Tourism estimated that up to 190,000 Chinese tourists visited the country during the nine-day holiday period. The daily average was 44 percent higher than during last year’s holiday window, which ran from Jan. 24 to 29.

The fresh wave of Chinese tourists brought rare optimism to Korea’s retail and tourism sectors, which have been dampened by a consumption slowdown.

In the weeks leading up to the holiday, retailers and tourism operators rolled out intensive marketing campaigns tailored to Chinese tourists, including discounts and gift vouchers linked to Chinese payment platforms such as Alipay and WeChat Pay.

Chinese tourists have traditionally been big spenders, according to Korean tourism industry officials. The most recent government data shows that the average spending per Chinese visitor to Korea reached $1,622 in 2024, compared with the overall foreign visitor average of $1,372.

Even the Korean government has been pulling out all the stops to encourage more spending by Chinese group tourists. On Feb. 15, Minister of Culture, Sports and Tourism Chae Hwi-young visited Myeong-dong, one of Seoul’s main shopping and tourism districts, to inspect facilities for foreign visitors, and called for efforts to foster a more welcoming atmosphere.

Korea Times

You can read more at the link.

Why do the Russians keep coming if the ROK isn’t giving them refugee status? It makes me think they are using the refugee process to buy time and once it is denied fly to another country to start the process all over again to buy more time:

This file image, provided by Yonhap News TV, shows the justice ministry’s headquarters in Gwacheon, just south of Seoul. (Yonhap)

Russians made up the largest share of asylum seekers in South Korea for the third consecutive year in 2025 amid the war in Ukraine, justice ministry data showed Wednesday.

According to the annual data of asylum seekers, 2,026 Russians applied for refugee status in the country last year, accounting for 13.8 percent of the total 14,626 applicants, followed by 1,462 Indians and 1,216 Kazakhs 

The 2025 tally marked a sharp drop from 4,546 Russian applicants the previous year, but Russians have held the largest share of asylum seekers by nationality since 2023.

In 2023, Russia recorded 5,750 applicants — a fivefold increase from a year earlier — in the wake of Moscow’s invasion of Ukraine in early 2022.

A ministry official said the conflict is believed to have had an influence on the number of Russian applications, noting the country’s conscription efforts due to the war.

But no Russians were granted refugee status last year, the official said. South Korea granted the status to 135 people, including 75 Burmese in 2025 alone.

Yonhap

You can read more at the link.