Page 16 - South Korea

North Korea fired cruise missiles in 3rd launch of such weapons this month

South Korea's military detected North Korea firing multiple cruise missiles into the sea off its western coast Tuesday in its third round of tests of such weapons this month. The launches came amid heightened tensions in the region, where the pace of both North Korea's weapons demonstrations and the United States' combined military exercises with allies South Korea and Japan have intensified in a tit-for-tat. South Korea's Joint Chiefs of Staff said the South Korean and US militaries were analyzing the launches. It didn't immediately provide specific flight details, including the number of missiles fired and how far they flew. The launches follow tests on January 24 and January 28 of what North Korea has described as a new cruise missile developed for submarine launches. The North also on January 14 tested a new solid-fuel intermediate-range missile, which underscored its efforts to advance its lineup of weapons targeting remote US targets in the Pacific, including the military hub

Baidu, not Google, to power AI on Samsung Galaxy S24 series phones in China

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Kim supervised tests of missiles to be fired from submarines: North Korea

North Korean leader Kim Jong Un supervised test firings of new cruise missiles designed to be launched from submarines and also reviewed efforts to build a nuclear-powered submarine while reiterating his goal of building a nuclear-armed navy to counter what he portrays as growing external threats, state media said Monday. The report came a day after South Korea's military said it detected North Korea firing multiple cruise missiles over waters near the eastern port of Sinpo, where the North has a major shipyard developing submarines. It was the latest in a streak of weapons demonstrations by North Korea amid increasing tensions with the United States, South Korea and Japan. North Korea's official newspaper Rodong Sinmun published photos of what appeared to be at least two missiles fired separately. Both created grayish-white clouds as they broke the water surface and soared into the air at an angle of around 45 degrees, which possibly suggests they were fired from torpedo launch ...

N Korea fired several cruise missiles in provocative weapons tests: S Korea

South Korea's military said Sunday that North Korea fired several cruise missiles from waters off an eastern military port, in the country's latest weapons demonstration in the face of deepening tensions with the United States, South Korea and Japan. The South's Joint Chiefs of Staff didn't immediately say how many missiles were fired or how far they flew. It wasn't immediately clear how the launches were conducted, although the North has previously tested cruise missiles from sea assets. The launches were the North Korea's third-known launch event of 2024, following a previous round of cruise missile tests on Jan. 24 and a Jan. 14 test-firing of the country's first solid-fuel intermediate range ballistic missile. Tensions on the Korean Peninsula have increased in recent months as North Korean leader Kim Jong Un continues to accelerate his weapons development and issue provocative threats of nuclear conflict with the US and its Asian allies. The US, South Korea and Japan in respons

Boeing to boost manufacturing in Vietnam as supplier builds plant

KP Aero will be formally granted later this week the authorisation to invest $20 million in Vietnam, authorities in the central city of Danang said in a media statement on Wednesday

North Korea has fired several cruise missiles into sea, says South Korea

South Korea's military said Wednesday that North Korea fired several cruise missiles into waters off its western coast, as an analysis of commercial satellite images suggested that the North has torn down a huge arch in its capital that symbolized reconciliation with war-divided rival South Korea. North Korean leader Kim Jong Un last week described the Pyongyang monument as an eyesore and called for its removal while declaring that the North was abandoning long-standing goals of a peaceful unification with South Korea and ordered a rewriting of the North's constitution to define the South as its most hostile foreign adversary. The launches marked North Korea's second known launch event of the year, following a Jan 14 flight test-firing of the country's first solid-fuel intermediate range ballistic missile, which reflected its efforts to advance its lineup of weapons targeting US military bases in Japan and Guam. South Korea's Joint Chiefs of Staff said Wednesday that the US and Sout

US-China tech rivalry keeps South Korean chipmakers in costly limbo

While China is still by far South Korea's biggest trading partner, monthly exports to the US surpassed those to China for the first time in more than two decades

Number of N Korean defectors to S Korea tripled in 2023, says Seoul

The number of North Korean defectors entering South Korea nearly tripled in 2023 compared to the previous two years, including a higher number of youth and elite, CNN reported

N Korea tests underwater nuclear attack drone in response to rivals' drills

North Korea said on Friday it had tested a purported underwater nuclear attack drone in response to a combined naval exercise between South Korea and the United States and Japan this week, as it continues to blame its rivals for raising tensions in the region. The alleged drone test came days after North Korean leader Kim Jong-un declared he would scrap his country's long-standing goal of a peaceful unification with South Korea and that his country would rewrite its constitution to define South Korea as its most hostile foreign adversary. Tensions on the Korean Peninsula are at their highest point in years with Kim accelerating weapons demonstrations and threatening nuclear conflict and the US and its Asian allies responding by strengthening their combined military exercises. North Korea's alleged nuclear attack drone, which the North first tested last year, is among a broad range of weapon systems demonstrated in recent years as Kim expands his arsenal of nuclear-capable weapons. .

S Korea calls on divided UN council 'to break silence' on N Korea's threats

South Korea called on the divided U.N. Security Council on Thursday to break the silence over North Korea's escalating missile tests and threats. It's a big question, South Korea's U.N. Ambassador Hwang Joonkook told reporters after an emergency closed meeting of the council on the North's first ballistic missile test of 2024 on Sunday. South Korea is serving a two-year term on the council. The Security Council imposed sanctions after North Korea's first nuclear test explosion in 2006 and tightened them over the years in a total of 10 resolutions seeking so far unsuccessfully to cut funds and curb its nuclear and ballistic missile programs. The last sanctions resolution was adopted by the council in 2017. China and Russia vetoed a U.S.-sponsored resolution in May 2022 that would have imposed new sanctions over a spate of intercontinental ballistic missile launches. Since then, the two veto-wielding permanent council members have blocked any council action, including media ...

US, S Korea and Japan conduct naval drills as tensions deepen with N Korea

The United States, South Korea and Japan conducted combined naval exercises involving an American aircraft carrier in their latest show of strength against nuclear-armed North Korea, South Korea's military said on Wednesday, as the three countries' senior diplomats were to meet in Seoul to discuss the deepening standoff with Pyongyang. The training in waters off South Korea's Jeju island came as North Korean leader Kim Jong Un continues a provocative run in weapons testing and threats that has raised regional tensions to their highest point in years. At Pyongyang's rubber-stamp parliament this week, Kim declared that North Korea would abandon its long-standing commitment to a peaceful unification with South Korea and ordered a rewriting of North's constitution to eliminate the idea of a shared statehood between the war-divided countries. His speech on Monday came a day after the North conducted its first ballistic test of 2024, which state-media described as a new solid-fuel ...

Korean Air plane bumps parked aircraft in Japan, no injuries reported

A Korean Air plane carrying 289 people hit a parked Cathay Pacific aircraft while taxiing to a runway at northern Japan's New Chitose Airport but caused no fire or injuries on Tuesday, Japanese media reported. The incident happened only two weeks after a high profile collision between a Japan Airlines airliner and a coast guard plane on a runway at Tokyo's Haneda Airport. Airline passengers had to make an emergency exit due to a fire and five of the six crew members on the smaller plane were killed. On Tuesday, the KAL plane was heading to a runway for takeoff when it bumped into the empty Cathay Pacific plane, according to the Kyodo News agency. The news agency quoted a local fire department spokesperson as saying no fire or fuel leaks were detected. No other details, including the extent of damage to the aircraft or what caused the taxiing aircraft to clip the parked one, were immediately available. Transportation officials are investigating the cause of the fatal Haneda Airport

N Korea scraps agencies managing ties with South as Kim cites hostility

North Korea has abolished key government organisations tasked with managing relations with South Korea, state media said on Tuesday, as authoritarian leader Kim Jong Un said he would no longer pursue reconciliation with his rival. North Korea's official Korean Central News Agency said the decision to abolish the agencies handling dialogue and cooperation with the South was made during a meeting of the country's rubber-stamp parliament on Monday. During a speech at the assembly, Kim blamed South Korea and the US for raising tensions in the region. He said it has become impossible for the North to pursue reconciliation and a peaceful reunification with the South. He called for the assembly to rewrite the North's Constitution in its next meeting to define South Korea as the North's "No 1 hostile country". Tensions on the Korean Peninsula are at their highest point in years after Kim in recent months ramped up his weapons demonstrations. The US and its allies Seoul and Tokyo responded

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North Korea fires intermediate-range ballistic missile, can reach US bases

North Korea fired a suspected intermediate-range ballistic missile into the sea on Sunday, South Korea's military said, two months after the North claimed to have tested engines for a new harder-to-detect missile capable of striking distant US targets in the region. The launch was the North's first this year. Experts say North Korea could ramp up its provocative missile tests as a way to influence the results of South Korea's parliamentary elections in April and the US presidential election in November. South Korea's Joint Chiefs of Staff said in a statement that it detected the launch of a ballistic missile of an intermediate-range class from the North's capital region on Sunday afternoon. It said the missile flew about 1,000 kilometres before landing in the waters between the Korean Peninsula and Japan. The Joint Chiefs of Staff called the launch a provocation that poses a serious threat to peace on the Korean Peninsula. It said South Korea's military will maintain its readiness t

India leads in valuation premium but not in EPS growth, shows data

As per an analysis done by CLSA, India price-to-earnings (P/E) multiple is nearly 30 per cent higher than its historical average

Simmtech preparing for another colocation investment with Micron: CEO Chun

South Korean semiconductor critical parts maker Simmtech is preparing for another colocation investment with Micron, company Global CEO Jeffery Chun said on Wednesday. In his address at the 10th Vibrant Gujarat Global Summit here, he said the company is ready to make "a significant investment in India and create thousands of job opportunities for high skilled talents in the state of Gujarat together with Micron". "The Vibrant Gujarat Global Summit 2024 showcases the global movement of creating a new supply chain network in a fast growing nation like India, and Simmtech as a company from Korea is very proud to be part of this movement to achieve a new milestone, making a prosperous Gujarat or self reliant India supply chain," he said. Chun further said," We are now preparing for another round of colocation investment in India." Following Micron's investment plan in Gujarat, Chun said,"... with the support from the central and state government, we are ready to make a significant ...

S Korean Oppn leader released from hospital a week after being stabbed

South Korea's main opposition leader expressed hopes for an end of politics of hatred, as he left a hospital Wednesday about a week after he was stabbed in the neck by a knife-wielding man who approached while asking for his autograph. The suspect's motive isn't known, but he told police that he attempted to kill Lee Jae-myung, leader of the liberal Democratic Party. The shocking assault came as political strife was deepening in South Korea ahead of its parliamentary elections in April. Our respected and dear citizens, I feel sorry for causing concerns for you and I'd like to say thank you. Our people saved me, Lee said in front of Seoul National University Hospital, as his supporters shouted his name. Lee said he hopes the attack will serve as a chance to end politics of hatred and politics of confrontation and return to politics of mutual respect and co-existence. The attack, which happened during his visit to the southeastern city of Busan on Jan. 2, left Lee, 59, bleeding and .

Indian markets lead in valuation premium but not in earnings growth

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Kim calls South Korea 'principal enemy' amid heightened tensions with US

North Korean leader Kim Jong Un has called South Korea our principal enemy and threatened to annihilate it if provoked, as he escalates his inflammatory, belligerent rhetoric against Seoul and the United States before their elections this year. Experts say Kim will likely further raise animosities with weapons tests to try to influence the results of South Korea's parliamentary elections in April and the U.S. presidential election in November. Kim made the remarks during inspection tours of munitions factories in North Korea this week, the North's official Korean Central News Agency said Wednesday. He said North Korea's priority in its relations with Seoul "is to bolster up the military capabilities for self-defense and the nuclear war deterrent first of all, KCNA said. If South Korea dares to use his military force against North Korea and threaten its sovereignty, Kim said We will have no hesitation in annihilating (South Korea) by mobilizing all means and forces in our hands, ...