Japan and South Korea are bracing themselves for powerful Typhoon Khanun as it is moving slowly towards both countries. According to Kyodo News Agency, the typhoon brought heavy rain to parts of Japan’s southwestern main island of Kyushu on Wednesday as it moved slowly near the region, causing power outages and suspensions of shinkansen bullet train services. The Typhoon […]
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South Korea launches radiation tests on seawater amid Japan’s plan to release radioactive water
South Korea on Monday began “emergency radiation tests” on seawater at 108 maritime points around the Korean Peninsula to ease concerns over Japan’s planned release of contaminated water from its crippled Fukushima nuclear plant, South Korea’s Yonhap news agency wrote quoting the oceans ministry. The Oceans Ministry chose 108 more coastal spots, 75 spots in the east, […]
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South Korea fires 3 air-to-ground missiles in response to North Korea’s launches
South Korea’s military on Wednesday said that it has fired three air-to-ground missiles in the wake of missiles launched by North Korea. The missiles were fired into waters “near the Northern Limit Line at a distance corresponding to the area where the North Korean missile struck,” South Korea’s military said in a […]
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South Korea issues air raid alert after North Korea fires short-range missiles
Seoul on Wednesday issued an air raid alert after North Korea fired short-range missiles that landed near South Korean waters for the first time. The Yonhap News Agency in South Korea quoted an official on the island saying that employees took shelter in a basement when the air raid warning […]
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Concerns over recession grow in South Korea due to inverted yield curve
Short-term interest rates have recently risen above long-term interest rates for the first time since the 2008 financial crisis. The short-term 3-year interest rates once increased higher than long-term 10-year government bond rates. Regarding this, concerns over a recession is growing in the financial market. In general, the yield curve inversion can be interpreted as a premonitory […]
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South Korea’s ruling party suspends leader’s membership for 6 months
South Korea’s ruling conservative People Power Party (PPP) decided Friday to suspend the party membership of its leader Lee Jun-seok for six months over allegations of sexual bribery. The PPP ethics committee made the decision after a nearly eight-hour marathon deliberation, dealing a great blow at the political life of […]
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South Korea to participate in US-led minerals security partnership
South Korea has decided to participate in the US-led Minerals Security Partnership (MSP). According to the Trade Ministry on Wednesday, the second Vice Foreign Minister Lee Do-hoon and Yoo Beop-min, director of raw materials industry policy at the Ministry of Trade attended the opening ceremony of the MSP held in Toronto, Canada on Tuesday. The MSP […]
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South Korea: LG Electronics, CJ Logistics to enter logistic robot market
LG Electronics and CJ Logistics will enter the next-generation logistics robot market. LG Electronics said it will sign an MOU agreement with CJ Logistics to jointly develop logistics robots at CJ’s TES Innovation Center in Dongtan, Gyeonggi-do on the 15th with Kim Kyung-hoon, head of TES Logistics Technology Institute, and Jang Ik-hwan, head […]
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South Korea reported 20,084 new Covid-19 cases
South Korea recorded 20,084 new COVID-19 cases as of midnight Sunday compared to 24 hours ago, bringing the total number of infections to 17,295,733, the health authorities said on Monday. The daily caseload was down from 37,771 reported the previous day and lower than 34,361 tallied a week earlier, according […]
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South Korea agrees to share gas with Europe amid energy crisis: Reports
South Korea is planning to send part of its liquefied natural gas (LNG) to Europe in an effort to alleviate the energy crisis caused by a reduction in supplies from Russia, South Korean news agency Yonhap reported on Thursday, citing unnamed industry ministry officials. Russia, hit by international financial sanctions, asked European […]
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South Korea approves phase 3 clinical trials of breast cancer treatment ‘Tucatinib’
Phase 3 clinical trials of new breast cancer treatment approved in the U.S. and Europe will be conducted in Korea. The clinical trial is a global trial that will be conducted in multiple countries and is expected to be supplied in Korea as some Korean patients also participate. According to the […]
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South Korea officially decides to join CPTPP to strengthen supply chain
The South Korean government has decided to officially promote joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The global supply chain is expected to be strengthened by joining the CPTPP, however, strong opposition from the agricultural and fishery industries has also continued. Measures and communications to alleviate worries of agricultural […]
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South Korea to supply Ukraine with additional non-lethal aid
South Korea intends to send additional non-lethal military aid worth 2 billion won ($1.6 million) to Ukraine in April amid Russia’s special military operation therein, the Yonhap news agency reported on Wednesday, citing an informed source. According to the news agency, the new aid package will include bulletproof vests, helmets, […]
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US plans semiconductor alliance with Taiwan, South Korea, and Japan
The US has proposed forging a semiconductor industry alliance between the United States, Taiwan, South Korea, and Japan in a move to prevent China from gaining dominance over the strategic sector. However, South Korea is not fully on board with the idea proposed by America, Taiwan News reported citing Business Korea. “Cooperation […]
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South Korea says DPRK fires ‘unidentified projectile’ into eastern waters
The Democratic People’s Republic of Korea (DPRK) fired an unidentified projectile into eastern waters, South Korea’s Joint Chiefs of Staff (JCS) said Thursday without mentioning further details. It came after the South Korean military said the DPRK fired four shots of multiple rocket launchers off its west coast on Sunday. According to […]