Focus on Headline 02/28/2025

1.The ruling People Power Party and the main opposition Democratic Party’s special parliamentary committee meeting scheduled for Friday was canceled after the latter refused to attend, stating they cannot recognize Acting President Choi Sang-mok as a legitimate negotiating partner.

2.Acting President and Finance Minister Choi Sang-mok on Friday called on the new U.S. administration to take South Korea's contributions to the American economy into account when formulating trade policies during a video conference with U.S. Treasury Secretary Scott Bessent.

3.North Korea’s state news agency said Friday it launched strategic cruise missiles in waters off its west coast earlier this week, with its leader Kim Jong-un calling for thorough war preparedness with the country's nuclear forces and readiness for their use.