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 [...]
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 [...]
SEOUL, Feb. 7 (Korea Bizwire) – Retired Lieutenant General Chun In-bum, the former commander of the South Korean army’s Special Warfare Command, recently announced that he would be joining the Moon Jae-in presidential campaign, to much surprise. Chun said that his decision to back Moon was aimed at improving the condition of the equipment used [...]
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. [...]
SEOUL, Jan. 24 (Korea Bizwire) – There are roughly 650,000 enlisted soldiers serving in the South Korean military. Facing a million-strong force to the North, food is an essential part of the military in keeping soldiers in the best shape possible. The Ministry of Defense announced Tuesday that it has recently made several changes to [...]
SEOUL, Jan. 17 (Korea Bizwire) – South Korea will deploy 12 additional maritime choppers by 2022 to better counter growing North Korean submarine threats, the state defense procurement agency said Tuesday. The Defense Acquisition Program Administration (DAPA) said the military plans to invest about 900 billion won (US$768 million) to pick a helicopter model for [...]
CHEONGJU, South Korea, Jan. 16 (Korea Bizwire) – For the first time in the 13 years since 2004, a South Korean court has ruled that a reservist who said no to reserve training is innocent. Judge Lee Hyung-gul from the Cheongju District Court ruled Sunday that a 34-year-old man identified as Yoo was innocent of [...]
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 [...]
SEOUL, Jan. 6 (Korea Bizwire) – Skyrocketing egg prices resulting from Korea’s record bird flu outbreak are now affecting the diet of 640,000 soldiers, with egg supply plummeting in recent weeks. The National Agricultural Cooperative Federation, Nonghyup, is currently responsible for all eggs provided to the military, but had to reduce its supply by roughly [...]
SEOUL, Jan. 4 (Korea Bizwire) – South Korea will this year launch a special unit tasked with incapacitating North Korea’s wartime leadership, two years ahead of schedule, its defense chief said Wednesday, as it strives to better counter Pyongyang’s evolving military threats. During its New Year policy briefing to Acting President and Prime Minister Hwang [...]