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Navy Launches New 1,800-ton Submarine

Navy Launches New 1,800-ton Submarine

SEOUL, Sept. 7 (Korea Bizwire) — South Korea on Thursday launched a new 1,800-ton submarine, characterizing it as a “strategic dagger” to strike precisely at a range of targets. The launch of the diesel-electric submarine wrapped up the Navy’s KSS-II acquisition program, which began in 2000, for the introduction of nine 1,800-ton 214-class submarines. “It’s [...]

Moon Discusses Energy, Infrastructure, Agriculture in Address at EEF

Moon Discusses Energy, Infrastructure, Agriculture in Address at EEF

VLADIVOSTOK, Sept. 7 (Korea Bizwire) — President Moon Jae-in on Thursday proposed expanding economic cooperation between South Korea and Russia in a wide range of areas, including energy, infrastructure and agriculture, noting those projects might set an example of co-prosperity for isolated North Korea. In his address to the third Eastern Economic Forum (EEF) in [...]

Gap Between Single-Income and Dual-Income Households Narrows

Gap Between Single-Income and Dual-Income Households Narrows

SEOUL, Sept. 6 (Korea Bizwire) – Average incomes for dual-income and single-income households between April and June, at 5.47 million won and 3.69 million won, respectively, are the closest they have been since the fourth quarter of 2015 (October through December) according to figures provided by Statistics Korea. Dual-income households earned only 1.48 times what [...]

South Korea an Oasis of Calm amid Global Fears over North Korean Aggression

South Korea an Oasis of Calm amid Global Fears over North Korean Aggression

SEOUL, Aug. 31 (Korea Bizwire) — Facing a bellicose northern neighbor that fires missiles, tests nukes and habitually threatens a war of annihilation, South Korea may look like a dangerous flashpoint to the eyes of outsiders. But the country has been inured, or resigned, to the perennial threats from North Korea for decades. So small [...]