President Yoon Suk Yeol's martial law declaration was a clear violation of the constitution
The BOK said it will start special repo operations from Wednesday for local financial institutions to support smooth market functioning
South Korean President Yoon Suk Yeol announced the first martial law in over 40 years, reversing it hours later following a Parliamentary vote
The benchmark KOSPI index was down nearly 2 per cent, taking its year-to-date losses to over 7 per cent
He did not cite any specific threat from the nuclear-armed North, however, instead focusing on his domestic political opponents
The South Korean parliament has voted to defy the country's president and immediately lift his martial law declaration. President Yoon Suk Yeol declared martial law late Tuesday, vowing to eliminate anti-state forces as he struggles against an opposition that controls the country's parliament and that he accuses of sympathising with communist North Korea. The surprising move harkened back to an era of authoritarian leaders that the country has not seen since the 1980s, and it was immediately denounced by the opposition and the leader of Yoon's own conservative party.
Mercedes-Benz blaze was undoubtedly an unfortunate event, but it cast a much-needed spotlight on the issue and sparked calls for stricter regulations
A South Korean National Assembly member has called for a moratorium on wood pellet imports from Indonesia and an investigation into their environmental impacts after government data and satellite analysis linked the country's biomass imports to deforestation in Indonesia. We should stop imports of wood pellets and it's important for our government to investigate exactly what kinds of environmental destruction is occurring on the spot, Moon Dae-Lim, a lawmaker with South Korea's main liberal opposition Democratic Party, said in recent written responses to questions from The Associated Press. Identifying and correcting potential risks in supply chains and value chains is key to a sustainable project. Biomass can come from organic material like plants, wood and waste, and many coal-fired power plants can be easily modified to burn it alongside coal to make energy. As countries accelerate their energy transitions, demand for biomass is growing: The use of bioenergy has increased an ...
Starbucks Coffee Korea's new riverbank cafe at an observatory tower in South Korea's Gimpo city promises coffee aficionados a chance to gaze at normal village life in Gaepung county across border
The fund would be modelled on the successful multilateral fund established under the Montreal Protocol, which addressed ozone depletion
Kim Kyung-Ah's appointment as CEO of Samsung Bioepis breaks an 86-year tradition, making her the first woman outside the founding family to lead a Samsung company
Talks over prospective future deals also are taking place with Germany and Sweden
Japan held a memorial ceremony on Sunday near the Sado Island Gold Mines despite a last-minute boycott of the event by South Korea that highlighted tensions between the neighbors over the issue of Korean forced laborers at the site before and during World War II. South Korea's absence at Sunday's memorial, to which Seoul government officials and Korean victims' families were invited, is a major setback in the rapidly improving ties between the two countries, which since last year have set aside their historical disputes to prioritize U.S.-led security cooperation. The Sado mines were listed in July as a UNESCO World Heritage site after Japan moved past years of disputes with South Korea and reluctantly acknowledged the mines' dark history, promising to hold an annual memorial service for all victims, including hundreds of Koreans who were mobilized to work in the mines. On Saturday, South Korea announced it would not attend the event, saying it was impossible to settle unspecified .
Singapore has retained the second position, while South Korea has risen to fifth, making them the only Asian countries in the top 10
Russia has supplied air defence missiles to North Korea in exchange for sending its troops to support Russia's war efforts against Ukraine, a top South Korean official said Friday. The US, South Korea and Ukraine say North Korea sent more than 10,000 troops to Russia in October, some of whom have recently began engaging in combat. It has been unclear what Russia would give North Korea in return. Shin Wonsik, national security adviser for President Yoon Suk Yeol, told a SBS TV program Friday that South Korea has found Russia provided missiles and other equipment to reinforce its air defence network for Pyongyang, the capital. Many observers say North Korea likely feels the urgent need to boost its air defence capabilities for the capital after the North last month accused South Korea of dropping propaganda leaflets over Pyongyang. North Korea threatened to take military action if leaflets were again dropped. South Korea's military has refused to confirm whether or not it was behind t
A top South Korean official says Russia has supplied anti-air missiles to North Korea in exchange for it sending troops. The US, South Korea and others say North Korea has sent more than 10,000 troops to Russia to support its war against Ukraine. What Russia would give North Korea in return has been the focus of keen attention. National Security Director Shin Wonsik told a SBS TV programme Friday that South Korea has found Russia has provided anti-air missiles and other equipment to reinforce its air defence network for Pyongyang, the capital. Shin says Russia has also give diverse economic assistance to North Korea. Seoul and Washington have voiced worries about possible Russian transfers of sensitive nuclear and missile technology to North Korea.
Bi-monthly MIT Technology Review magazine has rated South Korea as 'one of the world's best recycling economies', and the only Asian country out of the top 10 on its Green Future Index in 2022
North Korea recently supplied additional artillery systems to Russia to support its war efforts against Ukraine, while some of the thousands of North Korean troops deployed in Russia have begun engaging in combat, South Korea's spy agency told lawmakers on Wednesday. The South Korean assessment came after Russia warned on Monday that US President Joe Biden's decision to let Ukraine strike targets inside Russia with US-supplied longer-range missiles adds fuel to the fire of the war. US officials said Biden's decision was triggered almost entirely by North Korea's entry into the war. In a closed-door briefing at parliament, the National Intelligence Service said that North Korea exported 170mm self-propelled guns and 240mm multiple rocket launch systems to Russia, according to lawmaker Lee Seong Kweun, who attended the meeting. Lee told reporters that the NIS assessed those weapons are a type of artillery the Russian military doesn't operate so North Korea likely dispatched personnel
President Joe Biden on Friday praised the cooperation between South Korea, Japan and the US at countering what he described as North Korea's "dangerous and destabilising cooperation with Russia". Biden spoke at the start of a meeting in Peru with South Korean President Yoon Suk Yeol and Japanese Prime Minister Shigeru Ishiba. The talks came amid heightened concerns about North Korea's growing military partnership with Russia and Pyongyang's stepped-up cadence of ballistic missile tests. The meeting on the sidelines of the Asia-Pacific Economic Cooperation summit in Peru comes as North Korea has deployed thousands of troops to Russia to help Moscow try to claw back land in the Kursk border region that Ukraine seized earlier this year. I'm proud of how far we've come, Biden said. Whatever the issue, we've taken it on together." North Korean leader Kim Jong Un also ordered a series of ballistic missile tests in the lead-up to this month's US election and is claiming progress on effort