South Korea

The Minister of Foreign Affairs of South Korea issued a warning on Wednesday that if North Korea goes forward with its planned nuclear test on July 27th, it will almost certainly face stronger limitations, including measures to impair its capabilities to engage in cyberattacks. Since May, President Yoon Suk-yeol nominated top diplomat Park Jin has stated that North Korea has …

Since its maiden flight on Tuesday, South Korea has become one of only a handful of countries that have produced and flown a sophisticated supersonic fighter. According to South Korea’s Defense Acquisition Program Administration (DAPA), the prototype jet flew a 33-minute roundtrip flight from an air force base in the southern city of Sacheon. “Everything went smoothly, so I flew …

SOUTH KOREA: Ioniq 6, Hyundai’s first electric sedan, was unveiled on Thursday, July 14th, and the South Korean automaker hopes it will help them gain market share in the electric vehicle market, which is now dominated by Tesla Inc. More than 31 electric vehicles, including Hyundai Motor, its sister business Kia Corp, and the premium brand Genesis, will be introduced …

SOUTH KOREA: Each day’s COVID For the first time in the past two months, the number of infections in South Korea has surpassed 40,000, and the government has issued a warning about a possible five-fold increase in the months ahead. Han Duck-soo, the prime minister of South Korea, informed a government COVID-19 reaction meeting that between mid-August and late September, …

SOUTH KOREA: Satellite images show what appear to be multiple missile launches from North Korea, South Korea’s military said based on Sunday’s (Jul 10) satellite images (MLRs). Shots were heard after 6 p.m., and South Korea’s Joint Chiefs of Staff said that the military had increased monitoring and alert levels without indicating any further response. North Korea regularly conducts MLR …

SOUTH KOREA: For the first time since last year, Samsung Electronics Co. Ltd. is expected to have its greatest April-June profit since 2018 with a 15 percent year-on-year increase in revenue from server customers. According to a Refinitiv SmartEstimate based on 24 analysts’ estimates, operating profit for the world’s largest smartphone and memory chip maker increased to 14.46 trillion won …

SEOUL: On Tuesday, South Korea’s central bank said it expected inflation to be higher than previously forecasted, and that it will examine debt repayment difficulties closely to determine whether a half-percentage-point interest rate hike in July is reasonable. The Bank of Korea, which recently raised its 2022 annual average inflation projection to 4.5 percent from 4.7 percent, said it did …

SOUTH KOREA: WAKEONE Entertainment stated on June 17 that TO1 will release an album in July, following the band’s temporary break in May. Min-su, Jerome, and Woong-gi will depart the band, and three new members will join TO1. According to a Soompi report, TO1’s agency said in a translated official statement, they were open to all directions and tried to …

SOUTH KOREA: Last Wednesday, June 15, K-pop pioneers BTS were met with tears and sympathy from fans, but fury from shareholders in their management firm, a day after the band declared a hiatus from group musical activities to pursue solo projects, citing weariness as the reason. Many in South Korea were shocked and disappointed by the news, which sparked doubt …

South Korea – As worry about a North Korean nuclear test rises, US President Joe Biden landed in South Korea on May 20 for his first Asia tour as US leader, with the goal of strengthening relations with regional security partners. Biden wants the visit to draw on recent actions that have accelerated the US‘s years-long pivot to Asia, where …