North korea bombs south korea

FILE PHOTO: North Korean leader Kim Jong Un speaks at a politburo meeting of the Worker’s Party on the country’s coronavirus disease (COVID-19) outbreak response in this undated photo released by North Korea’s Korean Central News Agency (KCNA) on May 21, 2022. KCNA via REUTERS/File Photo SEOUL — North Korea on Saturday condemned “aggression moves” by Washington and Seoul, vowing to take revenge as it marked the 72nd anniversary of the outbreak of the Korean War at a time of rising tension on the Korean Peninsula. Amid concerns North Korea could be preparing to conduct its first nuclear test in five years, South Korean President Yoon Suk-yeol and U.S. President Joe Biden agreed in May to deploy more U.S. weapons if it was necessary to deter the North. The North’s state news agency KCNA said on Saturday a number of workers’ organizations had held meetings to “vow revenge on the U.S. imperialists,” blaming the United States for starting the 1950-1953 Korean War. The war ended … [Read more...] about North Korea denounces US ‘aggression’ as it marks war anniversary

South Korean President Yoon Suk-yeol (left) (Yonhap) / Japanese Prime Minister Fumio Kishida (Jiji Press-Yonhap via The Korea Herald/Asia News Network) SEOUL — With Seoul and Tokyo picking up efforts to restore strained ties, eyes are on whether the sides’ leaders could make progress in an upcoming international conference that both are set to attend next week. South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida have both said they will attend the Nato summit scheduled for June 29-30, where they will see each other in person for the first time; it has been less than two months since Yoon was inaugurated on May 10. While nothing has been decided on whether the two leaders will hold their first official bilateral summit on the sidelines of the Nato summit, there would be some interactions, even in lighter formats, South Korea’s National Security Adviser Kim Sung-han said, Wednesday. “We have not yet fixed on holding a bilateral summit with Japan or a … [Read more...] about Will leaders of South Korea, Japan stoke momentum for reconciliation at Nato summit?

Flags of South Korea | INQ STOCK PHOTO A unit of a South Korean company will produce tapioca starch in the Philippines via a P750-million project that is also expected to hire nearly 500 Filipino workers. In a statement, the Board of Investments (BOI) said it approved the application of Daesang Philippines Corp., which would use the same modern manufacturing technology used in its starch plants in South Korea. The project, which will be receiving tax breaks, is expected to start commercial operations in January next year. It will have a production capacity of 33,000 tons of tapioca starch and 4,446 tons of tapioca residue annually. It will be located in Misamis Oriental in Northern Mindanao, the second-largest cassava producing region in the country having accounted for 27.05 percent of total production in 2020, according to the BOI. “We are making strides in modernizing our country’s agriculture sector,” said BOI chair and Trade Secretary Ramon Lopez. “This is a … [Read more...] about South Korea firm to build P750-m tapioca starch plant in PH

Share to Twitter Share to Linkedin Topline Inflation in the U.S. hit a 40-year high in May when consumer prices rose 8.6% in the 12 months ending in May—but the country is not the only one to see rising costs: A host of European nations, as well as Israel and South Korea, have also witnessed huge surges in inflation since the start of the pandemic. Key Facts Inflation spiked in Europe in May—and in particular, in Germany, France, Spain and Italy—reaching a record high of 8.1%, up from 7.4% the previous month, caused by rising energy and food costs sparked by the war in Ukraine. South Korea’s inflation hit a 13-year high in April, rising 4.8% from a year before, and Korea’s central bank said this week inflation this year would exceed a 4.5% annual forecast the bank estimated last month, citing the war in Ukraine, rising commodity prices, supply chain issues and loosening of Covid restrictions (driving up consumer demand) as factors. … [Read more...] about Inflation Goes Global: It’s Not Just Rising In The U.S.—But Europe, South Korea And More

- A + A (June 24): SoftBank Group Corp-backed ride-sharing start-up Socar Inc is set to file for an initial public offering (IPO) of at least 154.7 billion won (US$119 million or about RM520 million) as soon as Friday (June 24), testing investor appetite for new tech stocks in an adverse market. South Korea’s biggest car-sharing service provider plans to sell 4.55 million new shares at an indicative price range of 34,000 won to 45,000 won apiece, according to a document reviewed by Bloomberg . The company, which will list on the Korea Exchange on Aug 18, plans to use the proceeds mainly for acquisitions and to cover operational costs. The IPO will put the start-up’s market capitalisation at a minimum of about 1.1 trillion won, which compares with a 2.4 trillion won valuation calculated based on its 12-month revenue through March and peer comparison, the document showed. The discount highlights a growing challenge for start-ups trying to raise funds as stock markets … [Read more...] about SoftBank-backed ride start-up seeks at least US$119m in IPO

A file photo shows a Thai AirAsia X A330-300 jet taking off from Don Mueang airport. Thai AirAsia X is committing to paying a refund in full to all 6,500 paid bookings during the two years of the pandemic, even as the airline is undergoing bankruptcy. Tassapon Bijleveld, director at Thai AirAsia X, said after a Thai bankruptcy court accepted its petition on May 17, the court will hear from creditors in case there are any objections. The airline reportedly has accumulated debt of around 25 billion baht, with the major proportion attributed to aircraft leasing contracts. The airline previously had 15 jets in the pre-pandemic years, but downsized to five aircraft this year. If creditors vote in favour of the bankruptcy petition, the airline could continue with its rehabilitation plan, which it hopes will be completed by the third quarter next year, said Mr Tassapon. The 6,500 bookings made prior to the bankruptcy process and new bookings from May 17 will not be affected by … [Read more...] about Thai AirAsia X to honour paid bookings

Nearly four months after their surprise marriage, South Korean musician DJ Koo has shown for the first time photos of his wedding with Taiwanese actress Barbie Hsu. Koo, whose real name is Koo Jun-yup, returned to South Korea for work recently and was a guest on variety show You Quiz On The Block , hosted by Yoo Jae-suk and Jo Se-ho. The 52-year-old shared his love story with Hsu, 45, on the show. He said that he thought she was a nice girl when he first met her 20 years ago and that he would marry only someone like her. They dated in secret for a year before breaking up in 1999, and did not see each other again until they reconnected after Hsu's divorce from Chinese businessman Wang Xiaofei, 40, in November last year. Koo said he decided to try and contact Hsu, better known as Big S, on her old mobile phone number when he learnt last year that she was single again. He succeeded in reconnecting with her and he called it "destiny". View this … [Read more...] about DJ Koo shows marriage photos with Barbie Hsu for first time

- A + A SEOUL (June 23): South Korea's won fell below the psychological threshold of 1,300 per U.S. dollar for the first time in 13 years, amid global economic recession worries and the dollar's strength, but traders said market sentiment was relatively calm. The won weakened as much as 0.42% in onshore spot trade on Thursday to touch the lowest since July 14, 2009, at 1,302.8 per dollar. The 1,300-mark, a level seen during the 2008-2009 global financial crisis and 1997-1998 Asian financial crisis, has been considered for years as a sign of major economic risks. However, domestic foreign exchange dealers said it was different this time, as changing supply-demand landscapes in recent years, such as increasing overseas investment, should also be a factor influencing the price in addition to the dollar's strength at two-decade highs. The won has weakened more than 8% this year, following an 8.6% drop in 2021 that was the fastest annual fall since 2008. Last year, … [Read more...] about S.Korean won breaches 1,300-mark for first time in 13 years

President Moon Jae-in, front row center, listens to Park Doo-seon, left, a managing director at Daewoo Shipbuilding & Marine Engineering (DSME), at DSME's Okpo shipyard in Geoje, South Gyeongsang, in January 2018. [JOINT PRESS CORPS] President-elect Yoon Suk-yeol's transition team Thursday criticized the appointment earlier this week of a friend of President Moon Jae-in's brother as CEO of Daewoo Shipbuilding & Marine Engineering (DSME). The Blue House shot back, expressing "surprise" that the incoming government "covets" the DSME position, which it said should be filled by qualified individuals. Park Doo-seon, vice president of DSME, was appointed president and CEO of the shipbuilder at an annual general meeting Monday. He will serve a three-year term. DSME, one of Korea's three leading shipbuilders, is considered a quasi-public company as its largest shareholder is the state-run Korea Development Bank (KDB), which owns a 55.7 percent stake. Yoon's team pointed out … [Read more...] about Moon, Yoon clash on DSME CEO appointment

KABUL (Reuters) -Authorities in Afghanistan have ended the search for survivors of an earthquake that killed 1,000 people, a senior official said on Friday, adding that supplies of medicine and other critical aid were inadequate. About 2,000 people were injured and 10,000 houses were partially or completely destroyed in Wednesday's earthquake in a remote area near the border with Pakistan, Mohammad Nassim Haqqani, a spokesperson for the disaster ministry, told Reuters. "The search operation has finished, 1,000 are dead and the injured are around 2,000, both serious and superficial injuries," Haqqani said. He did not elaborate on why the search for survivors was being called off after some 48 hours. Survivors have been pulled from the rubble of other earthquakes after considerably more time. The 6.1 magnitude earthquake struck about 160 km (100 miles) southeast of Kabul, in a region of arid mountains dotted with small settlements that has often been at the centre of … [Read more...] about Afghanistan ends search for survivors of earthquake that killed 1,000