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KFTC Imposes Sanctions in Military Food Service Collusion Case

KFTC Imposes Sanctions in Military Food Service Collusion Case

SEOUL, Mar. 3 (Korea Bizwire) – A total of 19 food companies accused of colluding to fix prices for, military food services are on a collision course with government authorities. On March 2, the Korea Fair Trade Commission (KFTC) announced that it had imposed cumulative penalties of 33.5 billion won on 19 companies, including Dongwon Home [...]

Negotiations Launched Officially to Provide S. Korean Land for THAAD Deployment

Negotiations Launched Officially to Provide S. Korean Land for THAAD Deployment

SEOUL, March 2 (Korea Bizwire) – South Korea and the United States officially kicked off negotiations Thursday to finalize the terms of deploying the advanced American missile defense system THAAD in South Korea, the foreign ministry said.  “With regard to the provision of land (for the deployment), a request has been filed to open negotiations [...]

S. Korea, Fiji Agree to Boost Military Cooperation

S. Korea, Fiji Agree to Boost Military Cooperation

SEOUL, Jan. 25 (Korea Bizwire) – South Korea and Fiji agreed to promote bilateral military exchanges during their first defense ministers’ talks in Seoul on Wednesday.  Defense Minister Han Min-koo and his Fijian counterpart Ratu Inoke Kubuabola signed an memorandum of understanding to pave the way for defense cooperation, the Ministry of National Defense said. [...]

CCTV Cameras to Take up Monitoring at Military Units

CCTV Cameras to Take up Monitoring at Military Units

SEOUL, Jan. 16 (Korea Bizwire) – South Korea plans to install unmanned vigilance equipment at major military posts to complement surveillance soldiers in line with an expected reduction in the troop numbers, the state defense acquisition agency said Monday.  The military will gradually put up high-definition security cameras and attach infiltration detection equipment to barbed [...]