Page 11 - South Korea

Seoul activists develop 'smart balloons' to send messages into North Korea

Built using 3D printers and components sourced online and sometimes equipped with GPS-tracking, these so-called "smart balloons" can cost up to $1,000 each

N Korea installing its own loudspeakers along the border, says S Korea

Seoul's Joint Chiefs of Staff didn't immediately comment on the number of suspected North Korean speakers

Balloon war escalates: North and South Korea exchange trash and propaganda

The two Korean nations are engaged in a fierce exchange of trash-filled balloons, carrying propaganda as military tensions rise

South Korea, US to hold new round of nuclear planning talks in Seoul today

The third meeting of the Nuclear Consultative Group (NCG) is designed to follow up on last year's summit

South Korea's Prez Yoon heads to Central Asia for talks on energy, minerals

Yoon will visit Turkmenistan with the first lady for a state visit before heading to Kazakhstan and Uzbekistan

Seoul to resume loudspeaker broadcasts as Pyongyang sends trash balloons

South Korea says it will restart anti-North Korean propaganda loudspeaker broadcasts in border areas in response to continuing North Korean campaigns to drop trash on the South with balloons. Following an emergency security meeting led by South Korean national security director Chang Ho-jin, the officials decided to install and begin the loudspeaker broadcasts in border areas on Sunday, Seoul's presidential office said in a statement. The move is certain to anger North Korea and potentially prompt it to take its own retaliatory military steps. Chang and other South Korean security officials berated Pyongyang for attempting to cause anxiety and disruption in South Korea and stressed that North Korea will be solely responsible for any future escalation of tensions between the Koreas. North Korea over the weekend flew hundreds of trash-carrying balloons to South Korea in its third such campaign since late May, the South's military said, just days after South Korean activists floated ..

North Korea resumes flying balloons in likely bid to drop trash, says Seoul

North Korea resumed flying balloons on Saturday in a likely attempt to drop trash on South Korea again, South Korea's military said, two days after Seoul activists floated their own balloons to scatter propaganda leaflets in the North. Animosities between the two Koreas have risen recently because North Korea launched hundreds of balloons carrying manure and trash toward South Korea in protest of previous South Korean civilian leafletting campaigns. In response, South Korea suspended a tension-easing agreement with North Korea to restore frontline military activities. Saturday's balloon launches by North Korea were the third of their kind since May 28. It wasn't immediately known if any of North Korean balloons has landed on South Korean territory yet across the rivals' tense border. South Korea's Joint Chiefs of Staff said that North Korean balloons likely carrying balloons were moving in an eastward direction but they could eventually fly toward the south because the direction of

South Korea's Mirae Asset mulls $150 mn capital infusion in Sharekhan

Foray into wealth management and portfolio management on the cards

Samsung Electronics' union set to stage 1st walkout over pay in South Korea

The National Samsung Electronics Union (NSEU), which has about 28,000 members, or more than a fifth of the company's total workforce, has said it will stop work for a day as part of broader protest me

UP to acquire 760 hectares for Japanese, South Korean cities in Noida

Nodal agency Yamuna Expressway Industrial Development Authority (YEIDA) will acquire land in Gautam Buddha Nagar district for the proposed Japanese and South Korean industrial cities

Trash balloons are deepening rift between North and South Korea; here's why

Animosities between North and South Korea are rising sharply again over an unusual cause: The North's rubbish-carrying balloons. In the past week, North Korea floated hundreds of huge balloons dumping manure, cigarette butts, scraps of cloth, waste batteries and even reportedly dirty diapers across South Korea. In response, South Korea vowed unbearable retaliatory steps and moved to suspend a fragile military deal meant to ease tensions with its northern neighbor. Experts say if South Korea resumes live-fire drills or anti-Pyongyang propaganda broadcasts via loudspeakers in border areas, that's certain to infuriate North Korea and may prompt it to take its own provocative countermeasures along the border. Here's a look at North Korea's balloon launches: WHAT DID NORTH KOREA DO? Since May 28, North Korea has sent about 1,000 balloons carrying all kinds of trash across the border. No hazardous materials were found, but South Korean social media was still abuzz with worries that Nort

South Korea suspends military deal with North Korea over trash balloons

South Korea on Tuesday took steps to suspend a contentious military agreement with North Korea and resume frontline military activities, as tensions between the rivals are rising over the North's recent launch of trash-carrying balloons. North Korea didn't immediately respond, but South Korea's resumption of firing exercises or propaganda loudspeaker broadcasts will likely prompt North Korea to take similar or stronger steps along the rivals' tense border. In the past week, North Korea has used balloons to drop manure, cigarette butts, scraps of cloth and waste paper on South Korea, prompting Seoul to vow unbearable retaliation. On Sunday, North Korea said it would halt its balloon campaign. On Tuesday, South Korea's Cabinet Council and President Yoon Suk Yeol approved a proposal to suspend the 2018 inter-Korean agreement on lowering frontline military tensions. It will take effect once Seoul formally notifies the North. Cho Chang-rae, South Korea's deputy defense minister for poli

S Korea agrees to suspend military deal with N Korea over trash balloons

South Korea's government has approved the suspension of a contentious military agreement with North Korea, a step that would allow it to take tougher responses to North Korean provocations. The development came as animosities between the rival Koreas rose sharply recently after North Korea launched trash-carrying balloons across the border in reaction to previous South Korean civilian leafletting campaigns. On Tuesday, South Korea's Cabinet Council passed a proposal aimed at suspending the 2018 inter-Korean agreement on lowering down frontline military tensions. The proposal will formally take effect when it's signed by President Yoon Suk Yeol, likely later Tuesday, according to government officials.

S Korea to nullify peace deal to punish N Korea over balloon launches

South Korea announced Monday it'll suspend a rapprochement deal with North Korea to punish it over its launches of trash-carrying balloons, even after the North said it would halt its balloon campaign. Over several days, North Korea flew hundreds of balloons to drop trash and manure on South Korea in an angry reaction against previous South Korean civilian leafleting campaigns. On Sunday, South Korea said it would take unbearable retaliatory steps in response, before North Korea abruptly announced it would stop flying balloons across the border. On Monday, South Korea's presidential national security council said it has decided to suspend a 2018 inter-Korean agreement aimed at easing frontline animosities, until mutual trust between the two Koreas is restored, according to the presidential office. The security council said the suspension would allow South Korea to resume military drills near the border with North Korea and take effective, immediate responses to provocations by North

S Korea Prez Yoon approves exploration of vast oil, gas prospects off-coast

The president said South Korea has conducted a series of explorations for oil and gas beginning in 1996 and tapped a gas reserve of the equivalent of about 4.5 million barrels

North Korea sending more trash carrying balloons across South Korean border

North Korea launched more trash-carrying balloons toward the South after a similar campaign earlier in the week, according to South Korea's military, in what Pyongyang calls retaliation for activists flying anti-North Korean leaflets across the border. South Korea's Defence Ministry did not immediately comment on the number of balloons it had detected or how many have landed in South Korea. The military advised people to beware of falling objects and not to touch objects suspected to be from North Korea, but report them to military or police offices instead. In Seoul, the capital, the city government sent text alerts saying that unidentified objects suspected to be flown from North Korea were being detected in skies near the city and that the military was responding to them. The North's balloon launches added to a recent series of provocative steps, which include its failed spy satellite launch and test-firings of about 10 suspected short-range missiles this week. South Korea's ...

S Korea's Shinhan Bank gets CCI nod to acquire 11% stake in HDFC Credila

The Competition Commission of India (CCI) has cleared South Korea-based Shinhan Bank's proposed acquisition of an 11 per cent stake in HDFC Credila Financial Services. Part of the Shinhan Financial Group, Shinhan Bank Co Ltd is a multinational bank, which commenced operations in India in 1996. "The proposed combination relates to the acquisition of up to approximately 11 per cent shareholding by Shinhan Bank in HDFC Credila by way of subscription to shares of HDFC Credila," CCI said in a release on Tuesday. HDFC Credila Financial Services, is a Reserve Bank of India (RBI)-registered non-deposit taking non-banking financial company. It is primarily engaged in the business of providing education loans in India and overseas. In another release, the competition watchdog granted its approval to Matrix Pharma to acquire 100 per cent stake in Tianish Laboratories. The acquisition will be funded in part by an investment proposed to be made by the investors in optionally convertible debent

North Korea fired a barrage of ballistic missiles, alleges South Korea

North Korea on Thursday fired a barrage of suspected ballistic missiles toward its eastern sea, according to South Korea's military, days after its attempt to launch a military reconnaissance satellite ended in failure but still drew strong condemnation from its rivals. South Korea's Joint Chiefs of Staff said it detected the North firing around 10 projectiles that appeared to be short-range ballistic missiles from an area near its capital, Pyongyang. It said the suspected missiles flew around 350 kilometers (217 miles) before landing in waters off the North's eastern coast. It said the South Korean military has increased surveillance and vigilance and is closely sharing information with the United States and Japan. Japan's coast guard issued a maritime safety advisory over the North Korean launches and urged ships to exercise caution if they find any fallen objects. Japan's Prime Minister Fumio Kishida told reporters that the suspected missiles were believed to have landed in waters

Samsung Electronics' union in S Korea calls first ever walkout next week

The union, which has about 28,000 members, or more than a fifth of the company's total workforce, said it will stop work for one day on June 7

South Korea to detail tax incentives aimed at supporting chip industry

The government will also release next month detailed measures to support the country's semiconductor industry