SEOUL : South Korean President Yoon Suk Yeol said on Monday the possibility of a vast amount of oil and gas reserve in the sea off the country's east coast has been reported and it will launch an exploration to determine the potential.
FILE PHOTO: South Korean President Yoon Suk Yeol talks to Japanese Prime Minister Fumio Kishida and Chinese Premier Li Qiang during their trilateral summit meeting at the Blue House in Seoul, South Korea, 27 May 2024. JEON HEON-KYUN/Pool via REUTERS/File PhotoSEOUL : South Korean President Yoon Suk Yeol said on Monday the possibility of a vast amount of oil and gas reserve in the sea off the country's east coast has been reported and it will launch an exploration to determine the potential.
The possibility of the reserves containing as much as 14 billion barrels of oil and gas are"very high," Yoon told a news conference citing a study that he said has been reviewed by experts and industry groups. "Today, I approved the Ministry of Trade, Industry and Energy to go ahead with the drilling for exploration in the deep sea in the east sea," Yoon said.
We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
North Korea hackers stole data from South Korea’s court computers: Seoul policeThey pilfered 1,014GB of data from a court’s computer system from January 2021 to February 2023.
Read more »
South Korea's Yoon apologises over handbag scandal, pledges focus on economySEOUL — South Korean President Yoon Suk-yeol conceded on Thursday (May 9) that his ruling party's crushing election defeat last month reflected the government's failure to improve people's lives, and apologised for a scandal involving his wife.
Read more »
Chinese Premier Li, Japan PM Kishida land in Seoul for trilateral summit with South KoreaMr Kishida is also expected to meet Mr Li separately, and will raise a Chinese ban of Japanese seafood imports and Taiwan.
Read more »
Chinese Premier Li lands in Seoul for trilateral summit with South Korea, JapanMr Kishida is also expected to meet Mr Li separately, and will raise a Chinese ban of Japanese seafood imports and Taiwan.
Read more »
China's Li Qiang lands in Seoul for trilateral summit with South Korea, JapanSEOUL: Chinese Premier Li Qiang arrived in Seoul on Sunday (May 26) for a trilateral summit with his South Korean and Japanese counterparts, their first three-way talks in more than four
Read more »
Seoul court dismisses doctors' bid to halt South Korea reformsSEOUL: A Seoul court on Thursday (May 16) rejected a request by doctors and medical students to stop a government plan to increase medical school quotas, as a
Read more »