SEOUL– South Korea’s military is considering the purchase of an Israeli “electric eye” as part of efforts to bolster its capabilities to detect small North Korean drones, a defense source in Seoul said Sunday. The move comes as the South’s defense authorities have come under fierce criticism for the failure to counter the penetration … Read more
KYIV, Jan. 7 (Yonhap) — Ukrainian Prime Minister Denys Shmyhal said Russia has created the world’s largest mine field in his country and Ukraine is doing everything it can to quickly end the war as he spoke in an interview with Yonhap News Agency. In an exclusive interview with Yonhap at the government complex … Read more
LAS VEGAS, Jan. 7 (Yonhap) — LG Electronics Inc.’s chief executive has said the company’s focus on the electric vehicle (EV) parts business for the past decade has started to bear fruit. “Our EV business has made a turnaround 10 years after we entered the market,” CEO Cho Joo-wan said during a press briefing … Read more
SEOUL– Jeju Air Co., South Korea’s leading budget carrier, said Sunday the number of its flights on international routes bounced back to 70 percent of pre-pandemic levels last month. Jeju Air offered 3,057 flights on its international routes to carry 485,000 passengers in December, accounting for 70 percent of the 4,362 flights and 694,016 … Read more
LAS VEGAS, Jan. 7 (Yonhap) — Samsung Electronics Co.’s chief executive officer has said the company was still pursuing a merger deal, even though its efforts have hit a snag. The tech company’s deal-making activities were only “delayed due to various external factors,” Han Jong-hee, vice chair and co-CEO at Samsung, said at a … Read more
SEOUL– South Korea’s antitrust regulator said Sunday it has decided to impose a fine of 1.58 billion won (US$1.24 million) on GS Retail Co. for unfairly forcing suppliers to bear marketing costs for products sold on its home shopping channel. The punishment came as the supermarket chain operator carried out promotional events at home … Read more
SEOUL– North Korea’s state-controlled media made no mention of leader Kim Jong-un’s birthday Sunday. Pyongyang’s main propaganda news outlets, including the Korean Central News Agency and the Rodong Sinmun, remained silent as Kim turned 39 on the day. Since taking the helm of the reclusive regime shortly after the death of his father … Read more
SEOUL– South Korea is showing signs of an economic slowdown, as its manufacturing industry is losing momentum in the wake of slowing exports, a state-run think tank said Sunday. “Investment sustained high growth (in November), but exports tumbled on lackluster external demand, implying that economic activity is losing steam,” the Korea Development Institute (KDI) … Read more