SEOUL, May 8 (Korea Bizwire) — South Korea’s top military officer on Thursday called for maintaining “overwhelming” readiness against North Korean threats, hours after Pyongyang’s launch of ballistic missiles into the East Sea, the Joint Chiefs of Staff (JCS) said. JCS Chairman Adm. Kim Myung-soo made the call as he visited the Air Force’s [...]
SEOUL, May 8 (Korea Bizwire) — LG Electronics Inc. said Thursday it will break ground on a new home appliance factory in India, reinforcing its commitment to the fast-growing South Asian market. A groundbreaking ceremony of the plant in Sri City, an industrial hub in the eastern state of Andhra Pradesh, will be attended by [...]
SEOUL, May 8 (Korea Bizwire) – North Korea fired multiple short-range ballistic missiles toward the East Sea on Thursday, South Korea’s military said, in what could be a performance test aimed at exporting arms to Russia. The Joint Chiefs of Staff (JCS) said it detected the launch, involving various types of multiple short-range ballistic missiles, [...]
SEOUL, May 7 (Korea Bizwire) — A digital certificate belonging to CJ OliveNetworks Co., the IT service arm of South Korea’s CJ Group, has been found to have been leaked and exploited in a suspected North Korean cyberattack, according to cybersecurity sources Wednesday. According to the sources, a malicious file linked to North Korea discovered [...]
SEOUL, May 7 (Korea Bizwire) — The state-run Korea Hydro & Nuclear Power Co. (KHNP) submitted a request for arbitration with an international mediation court Wednesday regarding a conflict with parent company Korea Electric Power Corp. (KEPCO) over a payment dispute involving additional construction costs for a nuclear power plant in the United Arab Emirates [...]
SEOUL, May 7 (Korea Bizwire) — South Korea’s landmark bid to export nuclear power plants to the Czech Republic has encountered stiff legal resistance from France, highlighting the intensifying global rivalry in the nuclear energy sector and underscoring Korea’s growing competitiveness. Led by Korea Hydro & Nuclear Power (KHNP), the so-called “Team Korea” secured its position [...]
WASHINGTON, May 7 (Korea Bizwire) — A U.S. congresswoman has reintroduced a bill calling on the U.S. government to step in if South Korea takes regulatory measures that might harm America’s digital businesses, Congress’ website showed Tuesday. On Monday, Rep. Carol Miller (R-WV) introduced the bill, titled “To authorize the appropriate administrative authorities to impose [...]
SEOUL, May 7 (Korea Bizwire) — South Korea and the United States have recently discussed the possibility of expanding their cooperation in the areas of naval shipbuilding and maintenance to military aircraft, the South’s defense ministry said Wednesday. The discussion took place when the allies held their Korea-U.S. Integrated Defense Dialogue (KIDD) in Washington last [...]
SEOUL, May 7 (Korea Bizwire) — The Korea Biotechnology Industry Organization (KBIO) said Wednesday it has requested the United States to exempt South Korea from the Donald Trump administration’s plan to impose tariffs on pharmaceutical imports. KBIO said it submitted such an opinion formally to the U.S. Department of Commerce on Tuesday (U.S. time) regarding [...]
SEOUL, May 6 (Korea Bizwire) — Russia said Tuesday that North Korea will be represented at the ambassador level at Victory Day celebrations in Moscow this week, with the reclusive regime’s leader, Kim Jong-un, staying at home. Per reports out of Moscow, Yuri Ushakov, foreign policy adviser to Russian President Vladimir Putin, said North Korea’s [...]