Page 12 - South Korea

North Korea appears to have fired missile into sea, say Japan, South Korea

North Korea had earlier notified Japan's coast guard about its plans to launch "a satellite rocket" during a launch window from Monday through June 3

Prosecution appeal begins for Samsung chief Jay Y Lee over 2015 merger case

Prosecutors are appealing against a February ruling that found Lee not guilty of all charges including accounting fraud and stock manipulation

China's Qiang praises 'restart' of engagement with Japan, South Korea

They may also agree to resume three-party free trade agreement negotiations, which have been stalled since 2019, according to Japanese media reports

Leaders of S Korea, China, Japan to resume trilateral meeting in Seoul

Leaders of South Korea, China and Japan were set to meet Monday for their first trilateral meeting in more than four years as they seek to improve long-complicated relations that are key to regional peace. No major breakthrough was expected during the gathering in Seoul. But experts said just restarting the countries' highest-level annual meeting was a positive sign for cooperation among the three Northeast Asian neighbours. On the eve of the meeting, South Korean President Yoon Suk Yeol, Chinese Premier Li Qiang and Japanese Prime Minister Fumio Kishida had rounds of bilateral meetings among themselves to discuss how to boost economic and other cooperation. But some thorny topics were also brought up, like North Korea, Taiwan and the South China Sea. After meeting with Li, Kishida told reporters that he expressed serious concerns about the situations in the South China Sea, Hong Kong and China's northwestern Xinjiang region. He said Japan was closely monitoring developments on ...

Trilateral talks: South Korea, Japan push China on SCS, Taiwan issues

Chinese and Japanese leaders were set to arrive in Seoul and meet with South Korea's president separately on Sunday, a day before they gather for their first trilateral meeting in more than four years. No major announcement is expected from Monday's trilateral South Korea-China-Japan meeting. But just resuming their highest-level, three-way talks is a good sign and suggests the three Asian neighbours are intent on improving their relations. A trilateral leaders' meeting was supposed to take place annually following their inaugural gathering in 2008. But the meeting has stalled since the last one in December 2019 in Chengdu, China because of the COVID-19 pandemic and complex ties among the three countries. After their arrivals in Seoul on Sunday, Chinese Premier Li Qiang and Japanese Prime Minister Fumio Kishida are to hold bilateral talks with South Korean President Yoon Suk Yeol to discuss ways to promote cooperation and other issues, according to South Korean officials. Li and ...

South Korea's SK Group to boost ties with Japan's chip equipment makers

SK Group affiliates include SK Hynix, the world's No.2 memory chip maker

Leaders of South Korea, China, Japan to meet Monday for trilateral talks

Leaders of South Korea, China and Japan will meet next week in Seoul for their first trilateral talks in more than four years to discuss how to revive their cooperation, South Korea's presidential office said Thursday. After their inaugural stand-alone trilateral summit in 2008, the three countries' leaders were supposed to hold such a meeting every year. But the summit has been suspended since the last one in December 2019, in China, because of the COVID-19 pandemic and often complicated ties among the Asian neighbors. The trilateral meeting between South Korean President Yoon Suk Yeol, Chinese Premier Li Qiang and Japanese Prime Minister Fumio Kishida will take place in Seoul on Monday, Kim Tae-hyo, Seoul's deputy national security director, told a news conference. Chinese President Xi Jinping will not be attending. Li and Kishida were scheduled to arrive in South Korea on Sunday. They will meet Yoon individually on Sunday afternoon before attending a welcoming dinner banquet wit

S Korea sets aside $19 bn to fuel chipmaking, boom to Samsung, SK Hynix

The 26 trillion won programme includes 17 trillion won of financial support for certain investments as well as tax incentives, the presidential office said in a statement

North Korea fires multiple short-range ballistic missiles, Seoul condemns

North Korea has launched ballistic and cruise missiles as well as tactical rockets in recent months, describing them as part of a program to upgrade its defensive capabilities

Shipping is a dirty business, but cleaning it up is lucrative; here's why

Investor's love for this exciting new company category may wane when the EV market picks up again, or the smartphone sector finally returns to growth. But, for now, ship maintenance is exciting

South Korea plans $7.3 billion program to support semiconductor industry

The move comes as the US government is pressing allies including South Korea to further tighten restrictions on China's access to semiconductor technology

Kim Jong Un supervises latest test of new multiple rocket launcher

North Korean leader Kim Jong Un supervised another test firing of a new multiple rocket launch system the country plans to deploy to its forces starting this year, state media said on Saturday, part of its move to bolster its lineup of weapons targeting South Korean population centres. North Korea's official Korean Central News Agency said Friday's test confirmed the advantage and destructive power of the 240-millimetre multiple rocket launcher and its guided shells. The agency said the system, which the North already tested twice this year, will be deployed to combat units from 2024 to 2026 to replace older weapons. North Korea in recent months has maintained an accelerated pace in weapons testing as it expands its military capabilities while diplomacy with the United States and South Korea remains stalled. Experts say Kim's goal is to eventually pressure the United States into accepting the idea of the North as a nuclear power and negotiating economic and security concessions fr

Efforts to improve people's lives have fallen short: S Korea's President

As part of a major policy push, Yoon also said a new government ministry would be created to address the country's record low birth rate and fast-ageing society

N Korea's propaganda mastermind who shaped the image of leaders dies at 94

Kim Ki Nam helped forge the cult of personality for the family dynasty that has ruled N Korea since its founding in the Cold War

S Korea's parliament approves independent probe of 2022 Halloween crush

South Korea's parliament on Thursday approved legislation mandating a new, independent investigation into the 2022 Halloween crush in Seoul that killed 159 people. The single-chamber National Assembly passed the bill by a 256-0 vote. It will become law after it is signed by President Yoon Suk Yeol and promulgated by his government agency steps that are considered formalities because the president and his ruling party already agreed on the legislation. The bill is meant to delve into the root cause of the crush, details about how authorities handled the disaster and who should be blamed for it. It also envisages the creation of a fact-finding committee with nine members that would independently examine the disaster for up to 15 months. Once the committee determines who is responsible and who should face charges, it would report them to the government's investigation agencies. The agencies would then conclude investigations of the suspects within three months, according to the ...

CSuisse may face $36 mn fine over S Korea short-selling, says local daily

The notice was sent to the South Korean and Singaporean units of the bank

South Korea confirms talks on joining AUKUS pact with US, UK and Australia

AUKUS, formed by the three countries in 2021, is part of efforts to push back against China's growing power in the Asia Pacific region.

South Korea's President talks to opposition about bipartisan cooperation

South Korean President Yoon Suk Yeol was talking with liberal opposition leader Lee Jae-myung on Monday about how to revive bipartisan cooperation, after Yoon's conservative party recently suffered a massive defeat in parliamentary elections. The meeting was their first since Yoon took office in 2022 after defeating Lee in the country's closest presidential election. During their campaigns, Yoon, Lee and their supporters demonized each other and filed dozens of lawsuits against each other. Yoon proposed the meeting as he faces growing calls to cooperate with Lee's Democratic Party, whose win in the April 10 parliamentary elections allows it to extend its control of the single-chamber National Assembly until after Yoon's single five-year term ends in 2027. Yoon and Lee were meeting without a set agenda. Officials at Yoon's presidential office and Lee's party earlier said the meeting would focus on how to improve public livelihoods and promote cooperation on state affairs. They also

Capital cover drive: India's $100 billion knock evens score with China

Its capitalisation leapfrog surpasses South Korea and Taiwan, establishing dominance in EM pitch

India, South Korea discuss developments in areas of nuclear disarmament

Top officials of India and South Korea on Friday discussed developments in the areas of disarmament and non-proliferation relating to nuclear, chemical and biological domains. India-Republic of Korea Consultations on Disarmament and Non-Proliferation were held in Seoul, the Ministry of External Affairs (MEA) said in a statement. "The two sides discussed developments in the field of disarmament and non-proliferation relating to nuclear, chemical and biological domains, as well as regional non-proliferation issues, outer space security-related matters, conventional weapons, including AI in the military domain and multilateral export control regimes," it said. The Indian delegation was led by Muanpuii Saiawi, Joint Secretary (Disarmament and International Security Affairs), MEA, while the Korean delegation was led by Youn Jong Kwon, Director General for Non-Proliferation and Nuclear Affairs, Ministry of Foreign Affairs, it added. Top officials of India and Japan had on Wednesday ...