Archive for August, 2017

US sends B-1Bs, F-35s to Korea as warning against Pyongyang

Four F-35B stealth jets and two B-1B strategic bombers from the United States trained with South Korea’s F-15K fighter j …

Seongju residents angered by Defense Ministry letter concerning additional THAAD deployment

Groups opposing the THAAD deployment are up in arms after revelations that Minister of Defense Song Young-moon sent a letter to Seongju and Gimcheon residents asking them for their “understanding” on .. …

US commander expects NK to perfect ICBM by end of 2018: lawmaker

A top US military commander has said that North Korea is forecast to perfect its intercontinental ballistic missile by t …

Will North Korea make missiles over Japan the new normal?

The language from North Korea on Wednesday is as familiar as it is chilling, a declaration to the world to expect more m …

IKEA to Open Stores in Giheung, Geryong, and Busan

Global furniture and home furnishing company IKEA has earned 365 billion won in sales for the past one year in Korea. The company said that it would open a total of six stores in Korea starting with a second store in Goyang, Gyeonggi Province, followed by Yongin (Gyeonggi) and Gyeryong (South Chungcheong) by 2020. Andre Schmidtgall, president of IKEA Korea, said on August 29 in a press briefing held in Bread Comma in Seoul’s Yeonnam-dong that his company’s sales revenue for the 2017 fiscal ye… …

Supreme Court issues landmark decision in Samsung LCD workers’ industrial accident case

The Supreme Court judged on Aug. 28 that multiple sclerosis (MS) cases among Samsung Electronics LCD factory workers should be recognized as industrial accidents. This is the first time the court has .. …

Samsung Electronics to invest billions in Xian factory expansion

Samsung Electronics revealed in an official announcement on August 28 that the company plans to invest $7 billion over the next three years to expand Samsung Semiconductor’s NAND flash memory factory .. …

MBC union to stage first strike in five years

Unionized workers of South Korea’s public broadcaster MBC on Tuesday voted to go on strike early next month demanding th …

Korea, China, Japan discuss environmental issues

Minister of the Environment Kim Eunkyung (center) poses for a photo after signing a joint statement at the 19th Tripartite Environment Ministers’ Meeting among Korea, China and Japan in Suwon, Gyeongg …

U.N. chief condemns latest N.K. missile launch

NEW YORK, Aug. 29 (Yonhap) — U.N. Secretary-General Antonio Guterres condemned the latest missile launch by North Korea Tuesday, saying it undermines regional security and stability. North Korea fired what appeared to be an intermediate-range ball …

North Korea launches Intermediate Range Ballistic Missile over Hokkaido

North Korea’s launch of a missile on Aug. 29 was “assessed to be an Intermediate Ballistic Range Missile (IRBM),” the Blue House announced, while also terming the situation as being as “very serious” .. …

R&D-to-Sales Ratio of Most Korean Petrochem Companies Below 1%

Despite the record-high results, the R&D investment level of the nation’s petrochemical industry is still miserably low. According to industry sources on August 28, the amount of R&D investment of Lotte Chemical, which achieved a record-high sales revenue of 7,849.4 billion won in the first half, fell short of 44.5 billion won. This is only 0.57 percent of the total sales. Even last year when the company posted the highest operating profit (2,547.8 billion won) among all petrochemical… …

Korea releases footage of new ballistic missile test

South Korea made public rare footage of its testing on new ballistic missiles Tuesday, hours after North Korea’s ballist …

Gov't to Create 200,000 Jobs in Healthcare Sector by 2022

The government will create 200,000 new jobs in the healthcare sector by 2022. Vice-Minister of Health Kwon Deok-cheol said on August 25 in a healthcare industry jobs discussion sponsored by the Korea Health Industry Development Institute and the Korea Economic Daily that the government plans to create 168,000 public sector jobs and 32,000 private sector jobs within five years from now. As for the public sector, he explained, the government will expand jobs in nursing and elderly care, as well… …

[Special reportage-part I] Testing reveals high levels of antibiotics in dog meat

Slaughtering and eating dogs is a sensitive subject in South Korea. Even advocates of welfare for pets and farm animals have skirted the issue of dogs being raised for slaughter because that is how so.. …

Same-sex marriage requires social consensus: justice nominee

(Yonhap)Constitutional Court Justice nominee Lee You-jung expressed a reserved stance toward legalizing same-sex marriag …

Military: Projectiles that N. Korea Fired Likely to be Short-range BM

[Politics] : Military authorities have assessed that there is a strong possibility that the projectiles that …[more…] …

(LEAD) Moon urges immediate offensive in case N. Korea crosses the 'line'

(ATTN: UPDATES with additional remarks, more details from 4th para) SEOUL, Aug. 28 (Yonhap) — President Moon Jae-in ordered the country’s military to further enhance its defense readiness Monday, calling for an immediate offensive in case North Korea …

N. Korea unlikely to field solid-fuel ICBM within decade

North Korea is unlikely to field a solid-fuel intercontinental ballistic missile (ICBM) within a decade given its relati …

Tillerson: U.S. open to talks with N. Korea despite missile launch

WASHINGTON, Aug. 27 (Yonhap) — U.S. Secretary of State Rex Tillerson said Sunday he is willing to have talks with North Korea even after its latest missile provocation. Tillerson made the remark on Fox News Sunday, a day after Pyongyang fired thre …