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S. Korea Offers Largest Amount of Cash, Goods to N.K. in 2003-2008: Data

S. Korea Offers Largest Amount of Cash, Goods to N.K. in 2003-2008: Data

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 [...]

South Korean Military Says THAAD Ready for Actual Operation

South Korean Military Says THAAD Ready for Actual Operation

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 [...]

Japanese Prime Minister Accused of Using Hardline Korea Policy for Political Advantage

Japanese Prime Minister Accused of Using Hardline Korea Policy for Political Advantage

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 [...]

THAAD Battery Installation Underway amid Angry Protests

THAAD Battery Installation Underway amid Angry Protests

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 [...]

S. Korea Develops Counter-battery Radar Against N. Korea

S. Korea Develops Counter-battery Radar Against N. Korea

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 [...]

IMF Sees N.K. Tensions Having No Major Impact on S. Korea

IMF Sees N.K. Tensions Having No Major Impact on S. Korea

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 [...]

Over 90 pct of NK Defectors ‘Proud’ to be S. Koreans: Poll

Over 90 pct of NK Defectors ‘Proud’ to be S. Koreans: Poll

SEOUL, Apr. 24 (Korea Bizwire) — Nine out of 10 North Korean defectors said they were proud to be South Koreans, a survey showed Saturday. According to the poll by the Korea Hana Foundation, a South Korean unification ministry affiliate, 92.3 percent of 2,663 North Korean defectors said they were proud to be South Korean [...]