SEOUL, April 28 (Korea Bizwire) – The United States plans to deploy its “strategic” weapons in South Korea on a regular basis in order to thwart North Korea’s threats under an agreement between the allies, Seoul’s defense ministry said Friday. The two sides agreed to push for “measures available in all aspects including the regular [...]
SEOUL, April 28 (Korea Bizwire) – South Korea said Friday it has begun the construction of another large-scale amphibious landing ship to be used by the country’s Navy. A keel-laying ceremony for the 14,500-ton vessel will be held later in the day at the shipyard of Hanjin Heavy Industries & Construction Co. in Busan, according [...]
SEOUL, Apr. 28 (Korea Bizwire) — South Korea provided the largest amount of cash and products to North Korea between 2003 and 2008 under the liberal administration of late President Roh Moo-hyun, Seoul’s unification ministry said Thursday. The government and civic groups offered a combined US$4.36 billion to North Korea under the Roh administration, followed [...]
SEOUL, April 27 (Yonhap) – South Korea’s defense ministry announced Thursday that an advanced American missile defense system here will soon be put into “actual operation” to counter North Korea’s ballistic missile threats. Hours earlier, Adm. Harry Harris, commander of the U.S. Pacific Command (PACOM), told U.S. congressmen that the THAAD system will become operational [...]
SEOUL, April 27 (Korea Bizwire) – South Korea’s Navy will start the trial operation of an unmanned ship next month, the country’s newly developed weapon mainly for use on the tense sea border with North Korea, the state arms procurement agency said Thursday. The Defense Acquisition Program Agency (DAPA) launched a 3.3 billion won (US$2.9 [...]
SEOUL, April 26 (Korea Bizwire) – The Abe administration once again reaffirmed its hardline Korea policy in a diplomatic paper released yesterday in which it made a territorial claim to the South Korean island of Dokdo, while urging the next South Korean government to honor the agreement reached with the now jailed former president Park’s [...]
SEOUL/SEONGJU, South Korea, April 26 (Korea Bizwire) – U.S. troops in South Korea began installing the equipment for an advanced missile defense system at a site in a southeastern region of the country, facing fierce protests from local residents. The overnight, unannounced operation came just six days after U.S. Forces Korea (USFK) secured the land [...]
SEOUL, April 25 (Korea Bizwire) – American troops in Seoul kicked off their full-fledged relocation Tuesday to a refurbished base south of the capital with a symbolic ceremony to commemorate Gen. Walton H. Walker, a Korean War hero. Standing in front of the 8th Army’s headquarters at Yongsan garrison, the 10-foot-tall bronze statue is a [...]
SEOUL, April 25 (Korea Bizwire) – South Korea announced Monday it has developed an advanced artillery-locating radar to help counter North Korea’s rocket threats more effectively. The mobile radar system, called “counter-artillery detection radar-II,” will be operational starting in 2018, according to the country’s arms procurement agency. “In recent tests it met all of the required operational capabilities of the military. It has [...]
WASHINGTON, April 24 (Korea Bizwire) – Tensions with North Korea haven’t had any significant impact on South Korea’s trade and investment, and a sharp rise in U.S. interest rates is a major risk for Asia’s fourth largest economy going forward, an International Monetary Fund official said Friday. “So far, we have not seen any significant impact on South Korea’s trade investments,” Markus Rodlauer, deputy director of the Asia-Pacific department at the IMF, said [...]