MOSCOW, Sept. 5 (Korea Bizwire) – South Korean President Moon Jae-in said Tuesday he will not reject any form of talks with North Korea if necessary to resolve the nuclear standoff, but this is not the right time. He made the remarks in a written interview with TASS Russian News Agency ahead of his visit [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea on Tuesday acknowledged the possibility of a need to purchase advanced U.S. weapons systems in the future as part of efforts to enhance its deterrence against North Korean provocations but dismissed any immediate plan to spend “many billions of dollars” as suggested by Washington. In a short [...]
SEOUL, Sept. 5 (Korea Bizwire) — While the alleged development of a hydrogen bomb by North Korea is keeping the military on alert, Donald Trump’s allusions to a possible termination of the Korea – U.S. Free Trade Agreement is keeping the nation’s economy in a similar state. In the latest stream of news either decrying [...]
SEOUL, Sept. 1 (Korea Bizwire) – A South Korean man was sentenced to 4 million won (US$3,564) in fines on Friday for writing in the online encyclopedia Wikipedia early this year that then leading presidential candidate Moon Jae-in is a North Korean politician. The 53-year-old head of a software development firm, identified by his surname [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korean President Moon Jae-in is set to visit Russia next week for a bilateral summit with his Russian counterpart Vladimir Putin and other heads of state, as well as a regional forum aimed at boosting economic cooperation in Northeast Asia that includes Russia’s Far East, an official from [...]
SEOUL, Aug. 29 (Korea Bizwire) – South Korean military officials have released video footage of ballistic missile flight tests including those with a range of 500 and 800 kilometers as a show of force amid growing threats from North Korea, signaling a shift in president Moon Jae-in’s North Korea policy towards a more tit-for-tat approach. The [...]
SEOUL, Aug. 25 (Korea Bizwire) — The South Korean government has spent over 82 billion won to promote the use of nuclear energy over the last decade, nearly 300 times more than the money spent for the promotion of renewable energy, government data has revealed. According to data disclosed by lawmaker Kwon Chil-Seung, who is [...]
SEOUL, Aug. 24 (Korea Bizwire) — President Moon Jae-in’s top security advisor said Thursday that the temporary deployment of four additional launchers of a U.S. missile defense system is expected to be completed “in the near future.” Chung Eui-yong, the chief of the National Security Office, made the remarks during a parliamentary budget committee session [...]
SEOUL, Aug. 23 (Korea Bizwire) — President Moon Jae-in ordered his defense chief Wednesday to launch a special probe into a military crackdown against the 1980 pro-democracy protests in Gwangju, specifically to verify whether the then military junta considered a possible air strike. “President Moon today ordered Defense Minister Song Young-moo to launch a special [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea is seeking to focus on a long-term vision that can raise the overall competitiveness of the country as it utilizes its research and development (R&D) budget, the ICT ministry said Tuesday. The plan was announced during a gathering of Ministry of Science and ICT policymakers and President [...]