Post Tagged with: "Korea News"

Opposition Conservatives in Turmoil over Election Defeat

[Politics] : The opposition camp is in a state of shock following its crushing defeat in Wednesday's local elections. After chairman Hong Joon-pyo of the main opposition Liberty Korea Party(LKP) resigned to take responsibility over the election defeat, the party convened an all-members meeting on …[more…] …

Beijing Ready to Retaliate Against U.S. Tariffs on Chinese Goods

U.S. President Donald Trump is going ahead with 25-percent tariffs on $50 billion worth of Chinese technology imports, intensifying a trade dispute between the world’s two largest economies.Trump on Friday followed through on a pledge to crack down on what he considers to be unfair trade practices b… …

(LEAD) Trump promotes N.K. summit in weekly address

(ATTN: CLARIFIES that video is weekly address) WASHINGTON, June 15 (Yonhap) — U.S. President Donald Trump released a weekly address Friday promoting his efforts to bring peace to the world through his meeting with North Korean leader Kim Jong-un earl …

President Moon orders careful examination of suspending military exercises and close discussions with Washington

South Korean President Moon Jae-in’s reference on June 14 to the possibility of suspending South Korea-US joint military exercises if inter-Korean and North Korea-US dialogue continue is focusing inte.. …

Gov’t to carefully consider suspending Korea-US military drills: president

President Moon Jae-in speaks during a meeting of the National Security Council at Cheong Wa Dae on June 14. (Cheong Wa Dae) By Kim Young Shin President Moon Jae-in said that the governmen …

Mobile Carriers Evenly Split 5G Frequency Bandwidth of 28 Gigahertz

[Domestic] : Frequencies to be used for the fifth generation wireless network have been distributed evenly among the country's top three mobile carriers.  According to industry insiders, SK Telecom, KT and LG UPlus each secured 800 megahertz at an auction for the 5G 28 gigahertz bandwidth. The Ministry of …[more…] …

Samsung Launches AI Start-up Fund

Samsung has launched a new fund to invest in start-ups in artificial intelligence technologies.Samsung NEXT, the Korean tech giant’s investment arm in Silicon Valley, said Thursday that part of its US$150 million fund will be used for the new Q Fund. The Q stands for “quality,” it added.Samsung NEXT… …

Ex-chief of main opposition party says he won't run for 2020 general elections

SEOUL, June 15 (Yonhap) — Kim Moo-sung, the six-term lawmaker of the main opposition Liberty Korea Party (LKP), said Friday that he will not run for the general elections in 2020 due to the party’s crushing defeat in this week’s local elections. T …

Defense chiefs of S. Korea, U.S. discuss combined military drills

SEOUL, June 15 (Yonhap) — The defense chiefs of South Korea and the United States have had in-depth” discussions over the allies’ combined military exercises, following U.S. President Donald Trump’s recent remarks that he will stop “provocative war ga …

Foreign ministers from Korea, US Japan hold talks

Japanese Foreign Minister Taro Kono (left), Foreign Minister Kang Kyung-wha (center) and U.S. Secretary of State Mike Pompeo attend a joint press conference at the Ministry of Foreign Affairs in Seoul …

Moon: Suspension of Joint Military Drills with US Can Be Considered

[International] : President Moon Jae-in has revealed South Korea could consider suspending joint military exercises with the United States if inter-Korean and U.S.-North Korea talks continue to progress well.  According to the presidential office, Moon made the remarks while presiding over a National Security Council(NSC) …[more…] …

North Korea’s reconstruction should be viewed as integration, not reunification

The standards for calculating the costs of North Korea’s economic reconstruction should be discussed in terms of “integration” rather than “reunification,” analysts are arguing. Analysts also pred.. …

N.Korea to Destroy Tongchang-ri Missile Test Site

The missile test site North Korean leader Kim Jong-un promised U.S. President Donald Trump to destroy is a large-scale facility in Tongchang-ri, North Pyongan Province. The regime conducted a vital test of an engine for intercontinental ballistic missiles there last year. “Kim promised Trump during … …

(URGENT) Pompeo: Singapore summit is "turning point" in bilateral relations between U.S. and N. Korea

lcd@yna.co.kr (END) …

N.Korean State Media Claim Victory for Kim at Singapore Summit

North Korea’s state media on Wednesday sold the U.S.-North Korea summit in Singapore as a diplomatic victory for the country’s leader Kim Jong-un. The Rodong Sinmun daily portrayed the relationship as weighed heavily toward the North, which will graciously “take additional steps if the U.S. side tak… …

BOK: Federal Reserve Hike will Have Limited Impact

[Economy] : Bank of Korea(BOK) Governor Lee Ju-yeol says the U.S Federal Reserve's rate hike wasn't a surprise and will have a limited impact on local financial markets.  Lee told reporters Thursday that despite the wider gap between U.S. and South Korean interest rates, he doesn't expect one or two …[more…] …

Ruling Party Wins Landslide Victory in Local Elections

[Politics] : The ruling Democratic Party is expected to win a landslide victory in the local elections and parliamentary by-elections held on Wednesday.  As of midnight on Wednesday night with about 40 percent of the votes counted, DP candidates are leading in 13 out of 17 major mayoral and gubernatorial races while …[more…] …

End of Korean War may be in sight

The successful summit in Singapore on June 12 between North Korean leader Kim Jong-un and US President Donald Trump suggests the declaration of an end to the Korean War by the two leaders and South Ko.. …

Kim Jong-un Got Everything He Wanted from Summit with Trump

Many South Koreans had a great deal of hope for the U.S.-North Korea summit in Singapore because they believed that the historic meeting could resolve the nuclear threat which had loomed over their heads over the last 25 years. U.S. President Donald Trump had been full of promises. “We will do it as… …

(3rd LD) Ruling party certain to overwhelmingly win local elections

(ATTN: CHANGES slug; RECASTS headline, lead; UPDATES with more info to reflect vote counting throughout) SEOUL, June 13 (Yonhap) — The ruling Democratic Party (DP) is likely to clinch a landslide victory in Wednesday’s local elections as it is almost …