Page 37 - South Korea

Explained: How South Korea's ban on short-selling may impact India

Move could delay transition to DM, which when happens is expected to boost India's weighting in MSCI indices

South Korea plans to launch its first military spy satellite on Nov 30

South Korea said Monday it plans to launch its first domestically built spy satellite at the end of this month to better monitor rival North Korea, as the North pushes to expand its arsenal of nuclear weapons targeting its adversaries. The plan was unveiled days after North Korea failed to follow through on its vow to make a third attempt to launch its own reconnaissance satellite in October, likely because of technical issues. Jeon Ha Gyu, a spokesperson for the South Korean Defense Ministry, told reporters Monday that the country's first military spy satellite will be launched from California's Vandenberg Air Force Base on Nov. 30. The satellite will be carried by SpaceX's Falcon 9 rocket. Under a contract with SpaceX, South Korea plans to launch four more spy satellites by 2025, according to South Korea's Defense Acquisition Program Administration. South Korea currently has no military reconnaissance satellites of its own and relies on U.S. spy satellites to monitor moves by Nor

North Korea confirms it is closing some diplomatic missions abroad

North Korea confirmed Friday that it's closing some of its diplomatic missions abroad, a move that rival South Korea suspects is likely the latest sign of the North's economic troubles amid persistent international sanctions. Earlier in the week, the South Korean government said North Korea was moving to close its embassies in Uganda, Angola and Spain, as well as a consulate in Hong Kong, because the sanctions have made it extremely difficult for them to continue illegal activities abroad to earn money for their operating expenses. According to South Korean government data, North Korea has diplomatic relations with more than 150 countries but operates just around 50 diplomatic posts abroad. The North Korean Foreign Ministry said Friday that it is either closing or newly opening diplomatic missions in other countries in line with unspecified changes in the international environment and the North's external policy. South Korean officials couldn't immediately confirm if North Korea is

N Korea likely sent missiles, ammunition and shells to Russia: Seoul

North Korea has likely supplied several types of missiles to Russia to support its war in Ukraine, along with its widely reported shipments of ammunition and shells, South Korea's military said Thursday. The assessment was released a day after South Korea's spy service told lawmakers that North Korea recently provided more than a million artillery shells to Russia amid deepening military cooperation between the two countries, both key US adversaries. In a background briefing for local journalists, South Korea's military said that North Korea is suspected of sending an unspecified number of short-range ballistic missiles, anti-tank missiles and portable anti-air missiles to Russia, in addition to rifles, rocket launchers, mortars and shells. The contents of the briefing were shared with The Associated Press. Last week, South Korea, the US and Japan strongly condemned what they call North Korea's supply of munitions and military equipment to Russia, saying that such weapons shipments

S Korea, US and Japan condemn N Korea''s alleged supply of arms to Russia

South Korea, the US.and Japan strongly condemned what they call North Korea's supply of munitions and military equipment to Russia, saying Thursday that such weapons shipments sharply increase the human toll of Russia's war in Ukraine. A joint statement by the top diplomats of South Korea, the US and Japan came days after Russia's foreign minister scoffed at a recent US claim that his country received munitions from North Korea, saying that Washington has failed to prove the allegation. We will continue to work together with the international community to expose Russia's attempts to acquire military equipment from (North Korea), said the joint statement by South Korean Foreign Minister Park Jin, U.S. Secretary of State Antony Blinken and Japanese Foreign Minister Yoko Kamikawa. Such weapons deliveries, several of which we now confirm have been completed, will significantly increase the human toll of Russia's war of aggression, it said. North Korea and Russia both locked in separat

US, Korea raise concerns on India's import restrictions on laptops, PCs

The US, China, Korea and Chinese Taipei have raised concerns on India's decision to impose import restrictions on laptops, and computers, in a meeting of the World Trade Organisation (WTO), an official said. The concern was flagged in the meeting of WTO's Committee on Market Access. It was chaired by Renata Crisaldo of Paraguay on October 16, in Geneva. The US has stated that the decision will have an impact on trade of these products, including US exports to India, once they are implemented, the Geneva-based official said. America has also said that the decision is creating uncertainty for exporters and downstream users. On August 3, India imposed import restrictions on a host of IT hardware products as laptops, personal computers (including tablet computers), micro computers, large or mainframe computers, and certain data processing machines with a view to boost domestic manufacturing and cut imports from countries like China. The regime would come into effect from November ...

S Korea says it expressed concern to China for sending North escapees back

South Korea on Friday said it had expressed its concerns to China after assessing that it recently returned a large number of North Koreans, including escapees, back to their homeland. Koo Byoungsam, spokesperson of South Korea's Unification Ministry, which handles inter-Korean affairs, said Seoul did not have information on the exact number of North Koreans repatriated from northeast China or how many of them were escapees, medical patients or criminals. His comments followed several media reports based on activist sources that alleged China recently returned hundreds of escapees back to North Korea where they would face the risk of persecution and harsh treatment. It appears to be true that a large number of North Koreans were repatriated to North Korea from China's three northeastern provinces, Koo said. (Our) government's position is that there should be no circumstances in which North Koreans living abroad would be forcibly repatriated back home against their will. Koo said Se

N Korea threatens nuke strike over US aircraft carrier's arrival in S Korea

North Korea lashed out Friday at the arrival of a U.S. aircraft carrier battle group in South Korea, calling it a provocation and again raising the spectre of using nuclear weapons to defend itself. Emboldened by its advancing nuclear arsenal, North Korea has increasingly issued threats to use such weapons preemptively. But the North is still outgunned by U.S. and South Korean forces, and experts say it is unlikely to use its nukes first, though it will continue to upgrade those arms without returning to diplomacy for the time being. The North's latest nuclear threat came a day after the USS Ronald Reagan and its battle group arrived at South Korea's southeastern port of Busan, following U.S.-South Korean-Japanese naval exercise in international waters earlier this week. South Korean defence officials said the carrier is to be docked at Busan for five days as part of an agreement to increase the temporary deployments of powerful U.S. military assets in response to the North's growin

US aircraft carrier arrives in S Korea as Kim exchanges messages with Putin

A US nuclear-powered aircraft carrier arrived in South Korea on Thursday in a demonstration of strength against North Korea, as the North's leader reaffirmed his push to bolster ties with Russia. The USS Ronald Reagan and its battle group came to the southeastern South Korean port of Busan after participating in a trilateral South Korean-US-Japanese maritime exercise earlier this week, the South Korean Defence Ministry said. The aircraft carrier is to stay in Busan until next Monday as part of a bilateral agreement to enhance regular visibility of US strategic assets to the Korean Peninsula in response to North Korea's advancing nuclear programme, according to an earlier Defence Ministry statement. It's the first arrival of a US aircraft carrier in South Korea in six months since the USS Nimitz docked at Busan in late March, the statement said. The arrival of the USS Ronald Reagan is expected to enrage North Korea, which views the deployment of such a powerful US military asset as

Samsung's profit slows in sign of semiconductor chip market bottom

Samsung's shares rose as much as 4.4%, their most in more than a month, with some investors saying a 78% decline in operating income was better than they'd feared

Hamas' attack prompts S Korea to consider pausing military agreement

South Korea's defence minister said Tuesday he would push to suspend a 2018 inter-Korean military agreement in order to resume frontline surveillance on rival North Korea, as the surprise attack on Israel by Hamas militants raised concerns in South Korea about similar assaults by the North. The agreement, reached during a brief period of diplomacy between South Korea's former liberal President Moon Jae-in and North Korean leader Kim Jong Un, created buffer zones along land and sea boundaries and no-fly zones above the border to prevent clashes. Talking with reporters in Seoul, South Korean Defence Minister Shin Won-shik cited the violence in Israel and Gaza to stress the need to strengthen monitoring on the North. Shin was appointed by President Yoon Suk Yeol on Saturday. Shin was particularly critical of the inter-Korean agreement's no-fly zones, which he said prevents South Korea from fully utilising its air surveillance assets at a time when North Korean nuclear threats are ...

'Malaysia, Korea are preferred to India as global clinical trial sites'

There is intense competition to have these studies on advanced or complex unmet medical needs in a country

Asian Games: Indian men's hockey storms into final, defeats South Korea 5-3

The Indian men's hockey team will face the winner of the other semi-final match between China and Japan in the gold medal match on Friday

S Korea's Yoon seeks a strong military amid deepening N Korean-Russian tie

South Korea's president on Tuesday urged his troops to build an unwavering military spirt and train harder, as he used an Armed Forces Day speech to vow immediate retaliation against any potential provocation by North Korea. President Yoon Suk Yeol's speech came amid growing concern that North Korea is pushing to acquire Russian support to boost its nuclear arsenal in return for refilling Russia's conventional arms stores exhausted by its war with Ukraine. Above all, the cornerstone of our robust national defense lies in your unwavering military spirit, strong commitment, and a clear definition of who your enemies are, Yoon said to troops during the Armed Forces Day ceremony, after reviewing soldiers and weapons systems at a military airport near Seoul. I strongly urge you to train hard every day with the discipline demanded in real combat situations, Yoon said. Yoon called North Korea's advancing nuclear programme an existential threat to our people," but said South Korea's milita

North Korea calls South's President a 'guy with trash-like brain'

North Korea on Monday called South Korean President Yoon Suk Yeol a guy with a trash-like brain and a diplomatic idiot as it blasted him for using a UN speech to issue a warning over the North's deepening military ties with Russia. In a speech at the UN General Assembly last week, Yoon said South Korea will not sit idly by if North Korea and Russia agree to weapons deals that would pose a threat to the South. North Korean leader Kim Jong Un's trip to Russia earlier this month to meet President Vladimir Putin and visit key military sites raised international concern about a possible push by North Korea to receive sophisticated nuclear and weapons technologies in return for replenishing Russia's conventional arms inventory depleted by its war with Ukraine. Puppet traitor Yoon Suk Yeol, even at the 78th U.N. General Assembly, malignantly slandered the relations between (North Korea) and Russia, the North's official Korean Central News Agency said in a commentary. Without addressing th

Indian men lose to South Korea 0-3 in TT quarterfinals, women bow out

The Indian men's team missed out on an Asian Games bronze medal in table tennis after a second-string South Korea blanked them 3-0 in the quarterfinals here on Sunday. Harmeet Desai lost the first match 0-3 to An Jaehyun. G Sathiyan tried to put up a fight, but it was not enough to get past Park Ganghyeon as India trailed 0-2 after the first two ties. The onus was on Achantha Sharath Kamal to bring India back into the contest. However, things did not quite unfold in the manner the Indians would have liked as the veteran from Chennai went down 2-3 to Oh Junsung. The defeat would have been even more hurting for the Indians as South Korea's top three players did not even play in the match. Earlier in the day, Sharath raised his game just in time to help India escape unscathed against Kazakhstan. But the women's table tennis team imploded against a resilient Thailand to bow out of the Games. Star Indian paddler Manika Batra failed in both her singles matches as the women's team lost

Kim presents steps to boost Russia ties as US, Seoul warn on weapons deals

North Korean leader Kim Jong Un ordered unspecified steps to further develop relations with Russia after his recent visit to the country as his foreign rivals warn that any cooperation on military weapons would be dangerous and bring consequences. Experts speculated North Korea and Russia likely discussed banned arms transfer deals and other cooperation measures during Kim's six-day trip last week. They say the two countries are serious about sharply boosting their ties while they are engaged in separate confrontations with the West. During a Politburo meeting on Wednesday, Kim arranged for work to be done on further developing bilateral ties at "a new high level at the practical stage" to consolidate "the success" of his Russia trip, the official Korean Central News Agency said Friday. Kim underscored the need to expand bilateral cooperation in every field, making a substantial contribution to the promotion of the well-being of the people of the two countries, KCNA said. While ...

S Korean leader warns Russia against weapons collaboration with the North

South Korea's president has sounded a warning to fellow world leaders about the recent communication and possible cooperation between North Korea and Russia, saying any action by a permanent UN Security Council member to circumvent international norms would be dangerous and "paradoxical". Speaking before the UN General Assembly on Wednesday, Yoon Suk Yeol invoked North Korean leader Kim Jong Un's visit last week to Russia, which is one of the five permanent members of the council, the UN's most powerful body. Kim met with Russian President Vladimir Putin in Russia's far east. The two said they may cooperate on defence issues but gave no specifics, which left South Korea and its allies including the United States uneasy. "It is paradoxical that a permanent member of the UN Security Council, entrusted as the ultimate guardian of world peace, would wage war by invading another sovereign nation and receive arms and ammunition from a regime that blatantly violates Security Council ...

Women's Reservation Bill: Where else have seats been reserved for women?

Parliament special session: In 2018, according to the Inter-Parliamentary Union (IPU) report, only 24 per cent of parliamentarians were women

UBS names S Korea, India, others as 'slow' to nod Credit Suisse deal

The uncertainties in securing regulatory nods could also lead to winding down businesses and asset sales, when UBS faces "difficult jurisdictions or regulators", the bank said in the document