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S. Korea’s Warships to Have New Missiles for Ground Targets

S. Korea’s Warships to Have New Missiles for Ground Targets

SEOUL, April 18 (Yonhap) – South Korea’s Navy has completed the development of new tactical ship-to-ground guided missiles which would enhance its ability to strike North Korea’s key military facilities, the country’s arms procurement agency said Tuesday.  South Korea will start mass-producing the missiles with two types of launch systems — inclined and vertical — [...]

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 [...]

Former General Says South Korean Special Forces Poorly Equipped

Former General Says South Korean Special Forces Poorly Equipped

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 [...]