SOUTH KOREAN PRESIDENT SAYS WARTIME OPERATIONAL CONTROL MUST BE RETAKEN AT EARLY DATE

What happened: South Korean President Lee Jae Myung said wartime Operational Control (OPCON) of South Korean troops, currently held by the United States, should be transferred to Seoul at an early date. Key numbers: Remarks came on his 500th day in office. Seoul seeks OPCON before his term ends in 2030. Why it matters: A perceived gap exists between Seoul and Washington over transition timing, after USFK Commander Gen. Xavier Brunson said "conditions have changed" and called for new standards. Lee also said South Korean shares remain "significantly undervalued.

South Korean President Lee Jae Myung said wartime Operational Control (OPCON) of South Korean troops, currently held by the United States, should be transferred to Seoul at an early date.

A perceived gap exists between Seoul and Washington over transition timing, after USFK Commander Gen. Xavier Brunson said "conditions have changed" and called for new standards. Lee also said South Korean shares remain "significantly undervalued.