Page 29 - South Korea

S Korea calls on divided UN council 'to break silence' on N Korea's threats

South Korea called on the divided U.N. Security Council on Thursday to break the silence over North Korea's escalating missile tests and threats. It's a big question, South Korea's U.N. Ambassador Hwang Joonkook told reporters after an emergency closed meeting of the council on the North's first ballistic missile test of 2024 on Sunday. South Korea is serving a two-year term on the council. The Security Council imposed sanctions after North Korea's first nuclear test explosion in 2006 and tightened them over the years in a total of 10 resolutions seeking so far unsuccessfully to cut funds and curb its nuclear and ballistic missile programs. The last sanctions resolution was adopted by the council in 2017. China and Russia vetoed a U.S.-sponsored resolution in May 2022 that would have imposed new sanctions over a spate of intercontinental ballistic missile launches. Since then, the two veto-wielding permanent council members have blocked any council action, including media ...

US, S Korea and Japan conduct naval drills as tensions deepen with N Korea

The United States, South Korea and Japan conducted combined naval exercises involving an American aircraft carrier in their latest show of strength against nuclear-armed North Korea, South Korea's military said on Wednesday, as the three countries' senior diplomats were to meet in Seoul to discuss the deepening standoff with Pyongyang. The training in waters off South Korea's Jeju island came as North Korean leader Kim Jong Un continues a provocative run in weapons testing and threats that has raised regional tensions to their highest point in years. At Pyongyang's rubber-stamp parliament this week, Kim declared that North Korea would abandon its long-standing commitment to a peaceful unification with South Korea and ordered a rewriting of North's constitution to eliminate the idea of a shared statehood between the war-divided countries. His speech on Monday came a day after the North conducted its first ballistic test of 2024, which state-media described as a new solid-fuel ...

Korean Air plane bumps parked aircraft in Japan, no injuries reported

A Korean Air plane carrying 289 people hit a parked Cathay Pacific aircraft while taxiing to a runway at northern Japan's New Chitose Airport but caused no fire or injuries on Tuesday, Japanese media reported. The incident happened only two weeks after a high profile collision between a Japan Airlines airliner and a coast guard plane on a runway at Tokyo's Haneda Airport. Airline passengers had to make an emergency exit due to a fire and five of the six crew members on the smaller plane were killed. On Tuesday, the KAL plane was heading to a runway for takeoff when it bumped into the empty Cathay Pacific plane, according to the Kyodo News agency. The news agency quoted a local fire department spokesperson as saying no fire or fuel leaks were detected. No other details, including the extent of damage to the aircraft or what caused the taxiing aircraft to clip the parked one, were immediately available. Transportation officials are investigating the cause of the fatal Haneda Airport

N Korea scraps agencies managing ties with South as Kim cites hostility

North Korea has abolished key government organisations tasked with managing relations with South Korea, state media said on Tuesday, as authoritarian leader Kim Jong Un said he would no longer pursue reconciliation with his rival. North Korea's official Korean Central News Agency said the decision to abolish the agencies handling dialogue and cooperation with the South was made during a meeting of the country's rubber-stamp parliament on Monday. During a speech at the assembly, Kim blamed South Korea and the US for raising tensions in the region. He said it has become impossible for the North to pursue reconciliation and a peaceful reunification with the South. He called for the assembly to rewrite the North's Constitution in its next meeting to define South Korea as the North's "No 1 hostile country". Tensions on the Korean Peninsula are at their highest point in years after Kim in recent months ramped up his weapons demonstrations. The US and its allies Seoul and Tokyo responded

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North Korea fires intermediate-range ballistic missile, can reach US bases

North Korea fired a suspected intermediate-range ballistic missile into the sea on Sunday, South Korea's military said, two months after the North claimed to have tested engines for a new harder-to-detect missile capable of striking distant US targets in the region. The launch was the North's first this year. Experts say North Korea could ramp up its provocative missile tests as a way to influence the results of South Korea's parliamentary elections in April and the US presidential election in November. South Korea's Joint Chiefs of Staff said in a statement that it detected the launch of a ballistic missile of an intermediate-range class from the North's capital region on Sunday afternoon. It said the missile flew about 1,000 kilometres before landing in the waters between the Korean Peninsula and Japan. The Joint Chiefs of Staff called the launch a provocation that poses a serious threat to peace on the Korean Peninsula. It said South Korea's military will maintain its readiness t

India leads in valuation premium but not in EPS growth, shows data

As per an analysis done by CLSA, India price-to-earnings (P/E) multiple is nearly 30 per cent higher than its historical average

Simmtech preparing for another colocation investment with Micron: CEO Chun

South Korean semiconductor critical parts maker Simmtech is preparing for another colocation investment with Micron, company Global CEO Jeffery Chun said on Wednesday. In his address at the 10th Vibrant Gujarat Global Summit here, he said the company is ready to make "a significant investment in India and create thousands of job opportunities for high skilled talents in the state of Gujarat together with Micron". "The Vibrant Gujarat Global Summit 2024 showcases the global movement of creating a new supply chain network in a fast growing nation like India, and Simmtech as a company from Korea is very proud to be part of this movement to achieve a new milestone, making a prosperous Gujarat or self reliant India supply chain," he said. Chun further said," We are now preparing for another round of colocation investment in India." Following Micron's investment plan in Gujarat, Chun said,"... with the support from the central and state government, we are ready to make a significant ...

S Korean Oppn leader released from hospital a week after being stabbed

South Korea's main opposition leader expressed hopes for an end of politics of hatred, as he left a hospital Wednesday about a week after he was stabbed in the neck by a knife-wielding man who approached while asking for his autograph. The suspect's motive isn't known, but he told police that he attempted to kill Lee Jae-myung, leader of the liberal Democratic Party. The shocking assault came as political strife was deepening in South Korea ahead of its parliamentary elections in April. Our respected and dear citizens, I feel sorry for causing concerns for you and I'd like to say thank you. Our people saved me, Lee said in front of Seoul National University Hospital, as his supporters shouted his name. Lee said he hopes the attack will serve as a chance to end politics of hatred and politics of confrontation and return to politics of mutual respect and co-existence. The attack, which happened during his visit to the southeastern city of Busan on Jan. 2, left Lee, 59, bleeding and .

Indian markets lead in valuation premium but not in earnings growth

South Korea and South Africa are expected to be the top markets in earnings growth for the next two financial years

Kim calls South Korea 'principal enemy' amid heightened tensions with US

North Korean leader Kim Jong Un has called South Korea our principal enemy and threatened to annihilate it if provoked, as he escalates his inflammatory, belligerent rhetoric against Seoul and the United States before their elections this year. Experts say Kim will likely further raise animosities with weapons tests to try to influence the results of South Korea's parliamentary elections in April and the U.S. presidential election in November. Kim made the remarks during inspection tours of munitions factories in North Korea this week, the North's official Korean Central News Agency said Wednesday. He said North Korea's priority in its relations with Seoul "is to bolster up the military capabilities for self-defense and the nuclear war deterrent first of all, KCNA said. If South Korea dares to use his military force against North Korea and threaten its sovereignty, Kim said We will have no hesitation in annihilating (South Korea) by mobilizing all means and forces in our hands, ...

South Korea endorses landmark legislation outlawing dog meat consumption

South Korea's parliament has endorsed landmark legislation outlawing dog meat consumption, a centuries-old practice. The National Assembly passed the bill by a 208-0 vote on Tuesday. It will become law after it's endorsed by the Cabinet Council and signed by President Yoon Suk Yeol, steps considered a formality as Yoon's government supports the ban. The bill would make the slaughtering, breeding, trade and sales of dog meat for human consumption illegal from 2027 and punish such acts with 2-3 years in prison. Efforts to ban dog meat consumption have faced fierce resistance from farmers and others in the country's dwindling dog meat industry. Recent surveys show a majority of South Koreans don't eat dog meat any longer.

North Korea fires 90 artillery shots from western coast, alleges Seoul

North Korea conducted a new round of artillery firing drills near the disputed sea boundary with South Korea on Saturday, officials in Seoul said. South Korea's Joint Chiefs of Staff said the North fired more than 60 rounds near the western sea boundary. A day earlier, North Korea fired about 200 artillery shells near the area, prompting South Korea to conduct its own firing drills in response. The Joint Chiefs of Staff said it strongly urges North Korea to halt acts that heighten tensions.

N Korea conducts military drills along sea border, S Korea to respond

South Korea says North Korea has conducted artillery drills along the rivals' tense sea boundary in violation of a 2018 military agreement. South Korea's Joint Chiefs of Staff says North Korea fired 200 rounds in the waters north of their disputed western sea boundary on Friday. South Korea called the North Korean drills a provocation, though it suffered no damage. Residents of South Korea's front-line island of Yeonpyeong say the South Korean military has asked them to evacuate because it plans to launch firing drills later Friday.

South Korea views young daughter of Kim Jong Un as his likely successor

The young daughter of North Korean leader Kim Jong Un is seen as her father's likely heir apparent, South Korea's spy agency said Thursday, its first such assessment on the girl who was unveiled to the outside world a little more than a year ago. There has been intense outside debate and speculation about the girl, reportedly about 10 years old and named Ju Ae, since she made her first public appearance in November 2022, when she watched a long-range missile test-launch with her father. The girl has since accompanied her father at a number of major public events, with state media calling her father's most beloved or respected child and churning out footage and photos proving her rising political standing and closeness with her father. A senior general knelt and whispered to her when she clapped while watching a military parade at a VIP observation stand in September. She was photographed standing in front of her father at one point during a visit to the air force headquarters in ...

S Korean Oppn leader recovering well from surgery after stabbing attack

South Korea's main opposition leader is recovering well from surgery after being stabbed in the neck earlier this week, his doctor said Thursday, as police seek a formal arrest warrant to extend the suspect's custody. Lee Jae-myung, head of the liberal Democratic Party, South Korea's biggest political party, was stabbed by a knife-wielding man who approached him asking for his autograph at an event in the southeastern city of Busan on Tuesday. The man was immediately detained by police. The assault left Lee, 59, bleeding and slumped on the ground. After emergency treatment, he was flown to a Seoul hospital for an operation that lasted about 100 minutes. After the surgery, Lee was placed an an intensive care unit at Seoul National University Hospital and then transferred to an ordinary ward on Wednesday evening, according to party officials. In his first briefing since the surgery, Min Seung-kee, a vascular surgeon at the hospital who performed the operation, said Thursday that Lee i

In threatening shift, North Korea moves to redefine relations with South

Since the 1950-53 Korean War ended in a stalemate, both nations have had policies that treat each other differently than other countries

South Korean police raid house of suspect who stabbed opposition leader Lee

South Korean police on Wednesday raided the residence and office of a man who stabbed the country's opposition leader, Lee Jae-myung, in the neck in an attack that left him hospitalized in an intensive care unit, officials said. The assault occurred when Lee was passing through a throng of journalists after visiting the proposed site of a new airport in the southeastern city of Busan on Tuesday. The attacker, posing as a supporter, approached Lee asking for his autograph before he took out a 18-centimeter (7-inch) knife to attack him. After receiving emergency treatment in Busan, Lee was transported by a helicopter to the Seoul National University Hospital for surgery. Cho Jeong-sik, the party's secretary general, said Wednesday the two-hour surgery was successful and that Lee remained in the hospital's intensive care unit for recovery. Police and emergency officials earlier said Lee was conscious after the attack and wasn't in critical condition. The suspect was detained by police

South Korea launches 'workation' visa for foreigners: All you must know

South Korea 'workation' visa: Foreign nationals with annual income twice as much as South Korea's per capita gross national income will be eligible to apply for the visa

South Korean opposition leader attacked and injured by an unidentified man

South Korean opposition leader Lee Jae-myung was attacked and injured by an unidentified man during a visit Tuesday to the southeastern city of Busan, emergency officials said. Busan's emergency office said Lee was attacked as he visited the construction site of a new airport in the city. It said Lee, head of the main opposition Democratic Party, was conscious but his exact condition was unknown. South Korean media cited witnesses as saying the man used a knife-like weapon to stab Lee's neck. TV video showed Lee lying on the ground with a person pressing a handkerchief to his neck to stop the bleeding. The reports said police arrested the man on the spot. They said the attacker was wearing something that looked like a crown on his head. Lee lost the 2022 presidential election to President Yoon Suk Yeol by a narrow margin. Lee, a liberal former provincial governor, is known for his outspoken style. His supporters see him as an anti-elitist hero who could reform establishment polit