SEOUL, Feb. 10 (Korea Bizwire) – The National Assembly endorsed a resolution censuring North Korea’s recent rocket launch on Wednesday, demanding additional retaliation measures from the Seoul government. The resolution, which was put to a vote during an extra session, was passed 243-0, with five abstentions, three days after the North fired off a long-range [...]
SEOUL, Feb. 10 (Korea Bizwire) – The South Korean government said Wednesday the local economy remains intact despite the latest provocations made by North Korea, adding it will roll out market stabilization measures in case of any contingencies. “There have been no special trends after North Korea’s missile launch during the holiday,” Vice Finance Minister [...]
SEOUL, Feb. 9 (Korea Bizwire) – The satellite North Korea launched into space earlier this week has achieved orbit, but whether it is operating normally has not been verified, the Defense Ministry said Tuesday. On Sunday, the North launched a rocket carrying the Kwangmyongsong-4 satellite, but the outside world viewed it as a cover for [...]
SEOUL, Feb. 8 (Korea Bizwire) – The parliamentary committee on foreign affairs unanimously adopted a resolution on Monday, condemning North Korea’s defiant launch of a long-range missile a day earlier. On Sunday, North Korea lifted off what it claimed to be a rocket carrying a satellite in defiance of a series of United Nations’ resolutions [...]
SEOUL, Feb. 8 (Korea Bizwire) – The U.N. Security Council strongly condemned North Korea’s long-range rocket launch Sunday, vowing to “expeditiously adopt a new resolution” with significant measures and calling the launch a “dangerous and serious violation.” “The members of the Security Council strongly condemn this launch,” Venezuelan U.N. Ambassador Rafael Dario Ramirez Carreno, the [...]
SEOUL, Feb. 7 (Korea Bizwire) – China’s foreign ministry expressed “deep concern” on Sunday as Seoul and Washington agreed to begin talks on the deployment of an advanced American missile defense system to South Korea following the North’s long-range rocket launch. Hours after North Korea claimed it had successfully put a satellite into orbit, South [...]
SEOUL, Feb. 7 (Korea Bizwire) – North Korea’s long-range rocket should be viewed as a ballistic missile as the satellite it put into orbit is worthless, lawmakers said Sunday, citing South Korea’s spy agency. The satellite is presumed to weigh 200 kilograms, two times heavier than a satellite launched in 2012, the lawmakers said after [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korea said Sunday it will further restrict the entry of its nationals to a joint industrial park in North Korea in response to the North’s long-range rocket launch. The Unification Ministry said that it will reduce the number of South Koreans staying at the Kaesong Industrial Complex in [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korea’s top financial regulator has convened an emergency meeting to intensify monitoring of the local financial market following North Korea’s long-range rocket launch, an official said Sunday. In the meeting, which took place at 11:00 a.m., the Financial Services Commission (FSC) checked the impact of the rocket launch [...]
SEOUL, Feb. 7 (Yonhap) – North Korea launched a long-range rocket, apparently sending what it claims is a satellite into orbit on Sunday, but South Korea and the U.S. denounced it as a long-range missile test that squarely challenges the international community. “It’s presumed that the projectile has entered into orbit,” a military official said, [...]