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Ministry of National Defense ‘Regretful’ Over Absence of Local Residents at THAAD Safety Test

Ministry of National Defense ‘Regretful’ Over Absence of Local Residents at THAAD Safety Test

SEOUL, Aug. 10 (Korea Bizwire) – The Ministry of National Defense has said it is ‘regretful’ that the environmental safety and noise test of the THAAD anti-missile system in Seongju in North Gyeongsang Province took place without the participation of local residents. “The Ministry of National Defense asked local residents to participate in the safety [...]

Electronics Firms to Join Gov’t Arms Procurement Deal for 1st time

Electronics Firms to Join Gov’t Arms Procurement Deal for 1st time

SEOUL, Aug. 7 (Korea Bizwire) — The South Korean government has allowed electronics companies to join a weapons procurement project with a foreign contractor for the first time, enabling them to sell products in return for a contract, an industry source said Monday. Under an “offset” procurement program, a foreign contractor is obliged to undertake [...]

U.N. Human Rights Envoy Welcomes South Korea’s Effort to Talk With N. Korea

U.N. Human Rights Envoy Welcomes South Korea’s Effort to Talk With N. Korea

SEOUL, July 21 (Korea Bizwire) – A U.N. point man on the human rights situation in North Korea welcomed the South Korean government’s decision to seek dialogue with Pyongyang on Friday, saying that it is a “reassuring step forward” lowering tensions between the two Koreas. Special Rapporteur Tomas Ojea Quintana still emphasized that at the [...]

Hyundai Asan Gets Green Light From Seoul to Contact N.K. Over Memorial Service

Hyundai Asan Gets Green Light From Seoul to Contact N.K. Over Memorial Service

SEOUL, July 19 (Korea Bizwire) – South Korea’s Unification Ministry on Wednesday approved Hyundai Asan Corp.’s bid to contact North Korea as the company seeks to visit the North next month to mark the anniversary of the death of its former chairman. The operator of the now-suspended inter-Korean tour to Mount Kumgang on North Korea’s [...]