SEOUL– North Korea appears to be shifting its focus to the development of “tactical” nuclear arms mountable on new hard-to-detect launchers, including a reservoir silo, in a bid to counter evolving South Korea-U.S. deterrence capabilities, analysts said Tuesday. On Monday, the North announced flamboyantly through its state media that leader Kim Jong-un inspected a recent … Read more
SEOUL– North Korean leader Kim Jong-un has attended a ceremony to mark the completion of building a greenhouse farm in the country’s eastern province on a key party anniversary, Pyongyang’s state media said Tuesday. A day earlier, Kim took part in the ribbon-cutting ceremony for Ryonpho Greenhouse Farm in Hamju County, South Hamgyong Province, on … Read more
SEOUL– South Korea’s Hyundai Motor Co. beat its Japanese rivals to top global hydrogen vehicle sales during the January-August period, a market research firm said Tuesday. Hyundai Motor sold 7,410 hydrogen fuel-cell electric vehicles (FCEVs) in global markets in the eight-month period, jumping 26 percent from 5,873 units sold during the same period of last … Read more
SEOUL– The South Korean government on Tuesday called for North Korea to immediately cease tension-escalating activities, a day after Pyongyang said it conducted “tactical nuclear” drills and vowed to strengthen its nuclear force. On Monday, the North’s official Korean Central News Agency (KCNA) said its leader Kim Jong-un inspected an exercise of tactical nuclear operation … Read more
SEOUL– Filipino boxing great Manny Pacquiao will fight in an exhibition match in South Korea this winter to raise money for war-torn Ukraine, the event’s organizers announced Tuesday. Pacquiao, the only eight-division world champion in boxing history, will take on the South Korean mixed martial artist DK Yoo at 11 a.m. on Dec. 11 at … Read more
SEOUL– South Korea’s domestic demand has been improving as the country is seeking to return to pre-pandemic normalcy, but its sluggish exports sparked by external risks are feared to weigh down its economy, a state-run think tank said Tuesday. Amid the country’s eased virus-related regulations, South Korea’s face-to-face service industry sustained a “robust” recovery in … Read more
SEOUL– The chief of the Bank of Korea (BOK) will leave for the United States this week to attend meetings of financial and economic policymakers and discuss latest global economic conditions, his office said Tuesday. BOK Gov. Rhee Chang-yong will depart for Washington on Wednesday to attend the annual meetings of the International Monetary Fund … Read more
SEOUL– Lotte Chemical Corp. said Tuesday it is acquiring a major stake in a leading South Korean copper foil producer for 2.7 trillion won (US$1.88 billion) as part of efforts to advance into the battery components sector. Lotte Chemical signed a stock purchase agreement to take over a 53.3 percent stake in Iljin Materials Co., … Read more