SEOUL, August 1 (Korea Bizwire) — Poland on Friday signed a deal worth about US$6.5 billion to purchase the second batch of K2 tanks from major South Korean defense contractor Hyundai Rotem Co., Seoul’s defense ministry said. The deal marks the largest-ever arms export contract won by a South Korean company and the first major [...]
SEOUL, August 1 (Korea Bizwire) — The Navy held anti-piracy drills with government officials and a local shipping company Friday ahead of a regular rotation of anti-piracy troops in waters off Somalia, officials said. The drills took place in waters off Geoje Island, some 330 kilometers southeast of Seoul, joined by officials from the foreign [...]
SEOUL, July 31 (Korea Bizwire) — Two crew members suffered injuries as a Navy warship caught fire while entering a naval port in the southeastern city of Jinhae on Thursday, the Navy said. The fire occurred at an auxiliary engine system on the ROKS Hyang Ro Bong as the landing ship was entering the port [...]
SEOUL, July 31 (Korea Bizwire) — With the tariff deal concluded, South Korea may face the task of resetting key alliance issues with the United States, as the Donald Trump administration is pressing its allies to take on a greater share of defense and security responsibilities. The tariff agreement reached Thursday commits South Korea to [...]
SEOUL, July 31 (Korea Bizwire) — The 7th Air Force has begun to relocate more F-16 fighter jets to Osan Air Base as part of its “Super Squadron” formation test aimed at enhancing combat effectiveness, the U.S. Air Force unit stationed in South Korea said Thursday. The relocation marked the first batch among 31 F-16 [...]
SEOUL, July 30 (Korea Bizwire) — Recent statements by the powerful sister of North Korean leader Kim Jong-un suggest that the regime believes it holds a strategic advantage in its stalled nuclear diplomacy with the United States and inter-Korean engagement, South Korea’s spy agency reportedly told lawmakers Wednesday. The National Intelligence Service (NIS) shared its [...]
SEOUL, July 30 (Korea Bizwire) — A South Korean delegation has visited Poland to deliver President Lee Jae Myung’s message on the commitment to further expanding bilateral cooperation in defense and other areas, Seoul’s foreign ministry said Wednesday. The delegation, led by veteran politician Park Jie-won of the ruling Democratic Party, was the first group [...]
SEOUL, July 29 (Korea Bizwire) — The powerful sister of North Korean leader Kim Jong-un said Tuesday personal ties between the leaders of the North and the United States are “not bad,” while ruling out talks on Pyongyang’s denuclearization. Kim Yo-jong, vice department director of the ruling party’s Central Committee, made the remarks as U.S. [...]
SEOUL, July 29 (Korea Bizwire) — U.S. President Donald Trump has reaffirmed his country’s “steadfast” commitment to safeguarding the Korean Peninsula, underscoring the two countries’ strong alliance in the face of “the evils of communism” in the region. Trump made the remarks in a message a day after South Korea marked the July 27 anniversary [...]
SEOUL, July 29 (Korea Bizwire) – North Korea has supplied around 6.5 million artillery shells of various calibers to Russia to support its war with Ukraine, along with 600 missile launchers and weapons systems, a Ukrainian intelligence agency has said. The Foreign Intelligence Service of Ukraine (FISU) disclosed the information Monday (local time) in response [...]