Page 36 - South Korea

US nuke-powered submarine arrives in South Korea after Pyongyang's launch

A US nuclear-powered guided missile submarine arrived in South Korea for the first time in six years, amid heightened tensions after North Korea's launch of two ballistic missiles

US, South Korea, Japan condemn North Korea's latest missile provocation

The top national security advisers of the US, South Korea, and Japan condemned North Korea's missile launches on Thursday, calling them clear violations of multiple resolutions

South Korea says North Korea has launched ballistic missile toward sea

North Korea test-fired a ballistic missile off its east coast on Thursday, hours after South Korean and US troops ended a fifth round of large-scale live-fire drills near the Koreas' heavily fortified border. The North Korean launch is its first since it failed in an attempt to put its first spy satellite into orbit in late May. South Korea's Joint Chiefs of Staff said the launch occurred on Thursday evening but gave no further details. Japan's Defense Ministry also said it detected a possible ballistic missile fired by North Korea. The launch came after North Korea's military vowed an unspecified response to South Korean-US drills at a front-line South Korean firing range earlier on Thursday. The exercises were the fifth and last round of South Korean-US firing drills that began last month. This year's drills were the biggest of their kind since they began in 1977. Our response to (the South Korean-US drills) is inevitable, an unidentified spokesperson of the North Korean Defen

North Korea has launched ballistic missile toward sea, says South Korea

South Korea says North Korea has fired a ballistic missile off its east coast. South Korea's military says the North Korean launch occurred on Thursday evening but gave no further details. The launch came after North Korea's military vowed an unspecified response after South Korean and US troops finished five rounds of large-scale live-fire drills near the Koreas' heavily fortified border earlier Thursday.

Amid economic uncertainties, South Korea's employment rate hits record high

South Korea's employment rate has reached a record high but job additions slowed for a second consecutive month in May following a brief rebound in March amid lingering economic uncertainties

Mirae Asset infuses fresh capital of Rs 1,240 cr in its Indian broking arm

Mirae Asset Capital Markets India, the broking arm of a Korean fund house, on Monday said it has received a fresh capital infusion of Rs 1,240 crore from its parent, bolstering its growth capital. With this latest capital injection, Mirae Asset India has received a total funding of Rs 3,190 crore, reflecting the parent's belief in the growth potential of this market, apart from reinforcing the Korean fund house's commitment to expanding its presence in the country. Mirae Asset is poised to provide high-quality services and disrupt the market with its tech-driven approach at its retail stock broking arm m.Stock. In a little over a year, m.Stock has generated Rs 1.4 lakh crore in turnover on its platform from 2.5 lakh paid accounts and 65 per cent active clients. Since the launch of its margin trading facility last July, the feature has reported a book size of over Rs 270 crore, largely due to the competitive rates, which range from 6.99 -9.49 per cent per annum. According to Robinso

South Korea's unemployment claims rise by 2.1% YoY to 86,000 in May

South Korea's unemployment claims rose last month amid growing worries about an economic slump, Labour Ministry data showed on Monday

Samsung ex-exec tried to set up semiconductor plant in China. It was a copy

Prosecutors said in a statement Monday they arrested a 65-year-old accused of stealing trade secrets from 2018 to 2019 to reproduce a chip plant in the northern city of Xi'an

OpenAI CEO Sam Altman says ready to invest in South Korean startups

He said he was impressed by Korean people's reception of up-to-date AI technology led by ChatGPT and interested in their innovative products, both software and hardware

South Korean President's approval rating stands at 36.3%, shows survey

Defence and diplomacy were the factors most cited by respondents in giving both positive and negative assessments of Yoon's performance

S Korea, 4 others elected non-permanent members of UN Security Council

The five newly elected members will replace the outgoing non-permanent members of Albania, Brazil, Gabon, Ghana, and the United Arab Emirates

DGTR recommends increasing import duty on iron alloy from S Korea for 2 yrs

The commerce ministry's investigation arm DGTR has recommended increasing customs duty on 'Ferro Molybdenum', used in steel, nickel, cobalt alloys, from South Korea in view of spurt in the imports under a free trade agreement. The Comprehensive Economic Partnership Agreement (CEPA) between the two countries was implemented in January 2010. In October last year, India initiated the probe to ascertain if a spurt in the imports from South Korea is hitting the domestic producers. After concluding the probe, Directorate General of Trade Remedies (DGTR) said the imports have increased in absolute terms and in relation to Indian production and total imports. The imports of Ferro Molybdenum, DGTR, said increased when the customs duties were eliminated. Imports of the products from Korea have increased and constitute increased imports within the meaning of the rules and Korea-India CEPA, it said in a notification adding that due to the spurt in the inbound shipments, domestic industry has

Samsung may hold 'Galaxy Unpacked' event in South Korea for first time

This summer, Samsung is expected to unveil its latest foldable phones. The headliners will be the Galaxy Z Flip 5, Galaxy Z Fold 5 and Galaxy Watch 6

North Korea's attempt to launch first spy satellite ends in failure

North Korea said Wednesday that its attempt to launch the country's first spy satellite has failed. In a statement published on state media, North Korea said a rocket carrying the spy satellite crashed into waters off the Korean Peninsula's western coast after it lost thrust following the separation of its first and second stages. It said scientists were examining the cause of the failure. South Korea's military earlier said the North Korean rocket had "an abnormal flight" before it fell in the waters. North Korea launched a rocket Wednesday, South Korea and Japan said, prompting brief evacuations in those countries as the North appeared to be attempting to put its first military spy satellite into orbit. The rocket was launched about 6.30 am from the North's northwestern Tongchang-ri area, where the country's main space launch centre is located, the Joint Chiefs of Staff said in a statement. South Korea's military was trying to confirm whether the launch was successful, accordin

N Korea confirms plan to launch its first military spy satellite in June

North Korea on Tuesday confirmed plans to launch its first military spy satellite in June and described such capacities as crucial for monitoring the United States' reckless military exercises with rival South Korea. The statement came a day after North Korea notified Japanese authorities that it plans to launch the satellite sometime between May 31 and June 11, and that the event may affect waters in the Yellow Sea, East China Sea and east of the Philippines' Luzon Island. Japanese Defense Minister Yasukazu Hamada said he ordered Japan's Self Defense Forces to shoot down the satellite or debris, if any entered Japanese territory. In comments published on state media, senior North Korean military official Ri Pyong Chol berated the combined US-South Korean military exercises, which Pyongyang has long described as invasion rehearsals. He said North Korea considers space-based reconnaissance as indispensable to monitor in real time the dangerous military acts of the US and its vassal ..

S Korea slams Pyongyang's planned satellite launch, warns of consequences

South Korea "strongly warned" against North Korea's plan to launch a satellite in the coming weeks, vowing to make Pyongyang pay "due prices" if it goes ahead with the launch

BGMI video game is now available for play in India, announces Krafton

South Korean video game developer Krafton on Monday announced that the video game Battlegrounds Mobile India (BGMI) is now available for play in India

Asiana stops selling A321-200 emergency seats after man opened door mid-air

Asiana Airlines, South Korea's second-biggest carrier, said it has stopped selling certain emergency seats of A321-200 passenger jets following a recent incident in which a passenger opened a door

S Korean arrested for opening emergency exit door, to face 10 yrs in prison

A man who opened an emergency exit door during a flight in South Korea was formally arrested Sunday and faces up to 10 years in prison on a charge of violating the aviation security law, officials said. During a preliminary questioning, the 33-year-old told investigators that he felt suffocated and tried to get off the plane quickly, according to police. Twelve people were slightly injured on Friday after he opened the door of the Asiana Airlines Airbus A321-200, causing air to blast inside the cabin. The plane was preparing to land in Daegu on an hour-long flight from the southern island of Jeju. On Sunday, a district court in Daegu approved a warrant to formally arrest the man. Police earlier sought the arrest warrant, citing the graveness of the crime and a possibility the man may flee, according to Daegu police. Daegu police said they have up to 20 days to investigate the man before determining whether to send him to prosecutors for a possible indictment. If convicted, he fac

South Korean Asiana Airlines flight flies with open door, lands safely

A passenger opened a door on an Asiana Airlines flight that later landing safely at a South Korean airport Friday, airline and government officials said. Some people on board tried to stop the person from opening the door but it was eventually opened partially, the Transport Ministry said. The plane with 194 people was heading to the southeastern city of Daegu from the southern island of Jeju. The flight is normally about an hour, and how long the door was open wasn't immediately disclosed. Police detained the unidentified person who opened the door, the airline said. Their motive wasn't immediately known. The passengers included teenage athletes who plan to attend track and field competitions in Ulsan, another southeastern city. The incident terrified some passengers but no one was injured, though some passengers were assessed at a hospital, Asiana and Transport Ministry officials said.