SEOUL/WASHINGTON– The White House was quick to issue a statement welcoming South Korea’s adoption of its Indo-Pacific strategy, describing it as a “reflection” of the allies’ shared commitment to regional security and prosperity. The Yoon Suk Yeol administration on Tuesday made public a 37-page document detailing Seoul’s diplomatic principles on issues related to the … Read more
SEOUL– South Korea approved major projects Wednesday to upgrade combat capabilities of its F-15K fighters and import aerial refueling tankers, the state arms procurement agency said, in a move to counter evolving North Korean threats. The Defense Project Promotion Committee passed a 3.46 trillion won (US$2.73 billion) project to strengthen the mission capabilities and … Read more
SEOUL– A Chinese restaurant in Seoul, suspected of having functioned as a secret Chinese police station, said Wednesday it will make an “important announcement” the following day to address the allegations. The restaurant has received media attention after the Spain-based human rights watchdog Safeguard Defenders insisted early this month that China was operating more … Read more
SEOUL– The National Assembly on Wednesday approved a legal revision meant to raise the ceiling on bond issuance by money-losing state-run Korea Electric Power Corp. (KEPCO) in order to prevent a liquidity crisis at the firm and ensure stable power supply. The partial revision allows KEPCO to raise its bond issuance ceiling by two … Read more
SEOUL– The National Assembly on Wednesday voted against arresting opposition lawmaker Noh Woong-rae on bribery charges. The motion fell through in an anonymous vote of 161-101, with nine abstentions, in the Assembly where Noh’s main opposition Democratic Party (DP) holds a majority. The four-time lawmaker has been under prosecution investigation on charges of … Read more