South Korean government holds memorial ceremony to mark first anniversary of Yeonpyeong attack; South Korea to provide economic aid worth $500 million to Philippines within the next two years
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    • Reports noted that South Korean government recently held a memorial ceremony to mark the first anniversary of Yeonpyeong attack. The ceremony was attended by 3000 people, including Prime Minister Kim Hwang-sik and Defense Minister Kim Kwan-jin. During his phone conversation with Marines deployed to Yeonpyeong, President Lee Myung-bak reportedly stated that North Korea had been provocative whenever they perceive the South to be in weaker position. Lee further stated that although Pyongyang was yet to offer an official apology for Yeonpyeong attack, it was expected that the latter would make its official position clear on that issue at some point in the interest of national reconciliation.1

    In another development, during a recent meeting between South Korean President Lee Myung-bak and his Philippines counterpart Benigno Aquino III at Manila, South Korea signed an agreement to provide the Philippines with economic aid worth $500 million over the next two years. Both the leaders also signed five cooperation accords, including one on free aid to develop the agricultural sector in the Philippines.2

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