Category: Korea
N Korea confirms latest weapons tests as Kim visits ‘important’ munitions factory
North Korea conducted tests of an upgraded long-range cruise missile and a warhead of a tactical guided missile this week, as leader Kim Jong Un visited a munitions factory [...] » More
Defector activist indicted over last year’s anti-NK leafleting
Prosecutors have indicted a vocal North Korean defector and activist known for anti-Pyongyang leafleting on charges of attempting to send propaganda leaflets and other items [...] » More
N. Korea confirms test-firing of long-range cruise, surface-to-surface missiles
North Korea on Friday confirmed this week’s two rounds of weapons tests involving long-range cruise missiles and surface-to-surface tactical guided missiles, and vowed [...] » More
N. Korea, after harsh 2-year lockdown, slowly reopens border
After spending two years in a strict lockdown because of the COVID-19 pandemic, North Korea may finally be opening up slowly. The reason could reflect a growing sense of [...] » More
SKC-led consortium bets $80m for next-generation EV battery materials
SKC, the chemicals unit of South Korea’s No. 3 conglomerate SK Group, said Wednesday it has invested $80 million with partners to secure next-generation electric [...] » More
Retail sales rise over 11pct in 2021 amid pandemic
Retail sales in South Korea rose 11.3 percent on-year in 2021 on the back of strong appetite for consumption and growing online transactions amid the prolonged COVID-19 [...] » More
Auto exports hit 7-year high in 2021
South Korea’s exports of autos rose to the highest point in seven years last year due to the low base effect and strong demand for eco-friendly cars, customs data [...] » More
S. Korea to take market-stabilising steps if needed: official
South Korea plans to take measures to stabilise the country’s financial market when needed, a senior government official said, after the Federal Reserve signaled at a [...] » More
Banking groups beef up auto financing to lure young drivers
South Korea’s banking groups have started upgrading their auto loan and financing services to the next level this year, aiming to go beyond their traditional business [...] » More
‘Tech-driven flexibility’: What are Lee Jae-myung’s plans for pandemic?
South Koreans can expect a mellower third year of the pandemic, enabled by greater use of technology, with Lee Jae-myung in charge, according to the frontwoman for the [...] » More
LG Energy Solution becomes Korea’s No.2 firm in stellar stock debut
LG Energy Solution Ltd (LGES) (373220.KS) saw its shares almost double in price on their trading debut on Thursday, making the electric vehicle (EV) battery maker South [...] » More
Exports of cars, oil products forecast to be brisk this year
South Korea’s exports of cars and petroleum products are expected to grow solidly this year, but the outlook for steel, ships and other key items is gloomy, a poll [...] » More
Hyundai Motor developing ‘marine’ mobility platform powered by seawater
Hyundai Motor will develop a marine mobility platform powered by seawater by 2023 to replace small and mid-sized diesel ships polluting the sea. The project has been directly [...] » More
Companies brace for new industrial safety law
With the nation’s new industrial safety law taking effect Thursday, companies across industries are bolstering their safety management systems to avoid being the first [...] » More
US State Department ‘condemns’ N Korea missile tests
The US government “condemns” North Korea’s launch of two ballistic missiles, a State Department spokesperson said on Wednesday, calling the tests a [...] » More
