Lee Jae Myung faces Hormuz deployment decision amid U.S. pressure

  • Lee Jae Myung’s government is considering naval assets for Strait of Hormuz security.
  • Six months ago, the United States first requested Korean naval assets.
  • The Fair Trade Commission approved Korean Air-Asiana mileage integration with 10-year validity.

South Korea is weighing whether to deploy naval assets to secure the Strait of Hormuz after a request from the United States six months ago. President Lee Jae Myung’s government faces pressure from Washington, opposition at home and an unprecedented warning from Tehran, with thousands marching in downtown Seoul. The roundup also highlights young Koreans returning to Seoul’s Namdaemun Market, approval of Korean Air and Asiana’s mileage integration plan, and other domestic developments. The Fair Trade Commission (South Korea’s competition regulator) approved a 1:1 conversion for Asiana miles, while credit-card and partner-earned miles will convert at 1 to 0.82 and remain valid for 10 years. Korean financial groups are preparing won-denominated stablecoin (digital token pegged to a currency) services as lawmakers and regulators remain divided over issuance rules.

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