Tag: Skorea

Do Kwon: S. Korea’s crypto ‘genius’ turned disgraced fugitive

Seoul, South Korea | AFP | Saturday 3/25/2023 by Claire LEE Once hailed as a genius, South Korean entrepreneur Do Kwon — now facing multiple criminal charges over his failed cryptocurrency — was a brash industry figure whose fame disintegrated into global notoriety. After months on the run, the 31-year-old, whose full name is Kwon Do-hyung, was arrested Thursday in Montenegro after being caught trying to catch a flight using fake Costa Rican travel documents. […]

North Korea tests new underwater nuclear attack ‘drone’: KCNA

  North Korea has tested an underwater nuclear attack drone designed to unleash a “radioactive tsunami” that would destroy enemy naval vessels and ports, state media said Friday. During the drills from Tuesday through Thursday the North Korean military deployed and test-fired this new weapon system, the mission of which is to set off such a “super-scale” destructive wave, the KCNA news agency said. “This nuclear underwater attack drone can be deployed at any coast […]

North Korea says 800,000 people enlist to fight ‘US imperialists’

Seoul, South Korea | AFP | Saturday 3/18/2023 More than 800,000 young North Koreans have volunteered to join the army to fight “US imperialists”, state media said Saturday, days after Pyongyang test-fired its most powerful intercontinental ballistic missile. After a record-breaking year of weapons tests and growing nuclear threats from Pyongyang, Seoul and Washington have ramped up security cooperation, and this week kicked off their largest joint military drills in five years. North Korea views all […]

North Korea fires ballistic missile ahead of US-South Korea drills

North Korea fired a short-range ballistic missile Thursday, Seoul’s military said, Pyongyang’s latest show of force just days before South Korea and the United States kick off major joint military exercises. Relations between the two Koreas are at one of their worst points in decades, with the nuclear-armed North conducting ever more provocative banned weapons tests as Seoul moved to ramp up security cooperation with Washington in response. Last year, Kim Jong Un’s regime declared […]

BTS agency becomes biggest shareholder of K-pop industry rival SM

Seoul, South Korea | AFP | Wednesday 2/22/2023 K-pop supergroup BTS’ management agency HYBE said Wednesday it had become the biggest shareholder of embattled rival SM Entertainment, whose founder has been mired in an ugly power struggle within his company. SM was founded by Lee Soo-man, who is widely referred to as “the godfather of K-pop” and credited for producing key figures in an earlier generation of artists such as BoA, Girls’ Generation and TVXQ, […]

N. Korea fires ballistic missiles, warns on turning Pacific into ‘firing range’

  Seoul, South Korea | AFP | Monday 2/20/2023 North Korea fired two short-range ballistic missiles Monday, Seoul said, Pyongyang’s second launch in 48 hours as Kim Jong Un’s powerful sister warned of turning the Pacific into a “firing range”. South Korea’s military said they had detected the launch of “two short-range ballistic missiles fired from Sukchon areas in South Pyongan province between 0700-0711 (2200-2211 GMT)”. Tokyo also confirmed the launch, with the Prime Minister’s […]

URGENT: N. Korea says turning Pacific into ‘firing range’ depends on US actions

Seoul, South Korea | AFP | North Korean leader Kim Jong Un’s powerful sister on Monday warned of “corresponding counteraction” to US-South Korean joint military drills, state media said, after Pyongyang carried out two banned missile launches in two days. “The frequency of using the Pacific as our firing range depends upon the US forces’ action character,” Kim Yo Jong said in statement carried by the official KCNA. This is a developing story… © Agence […]

US, South Korean defence chiefs vow more drills to counter North

  US Defense Secretary Lloyd Austin met his counterpart in Seoul on Tuesday, pledging to beef up joint drills and security cooperation as South Korea seeks nuclear reassurances in the face of growing North Korean threats. Seoul is eager to convince its increasingly nervous public of America’s so-called extended deterrence commitments, after a year in which North Korea declared itself an “irreversible” nuclear power and conducted a banned weapons test almost every month. Austin and […]

South Korean economy shrinks for first time since early 2020

Seoul, South Korea | AFP | Thursday 1/26/2023 South Korea’s economy shrank in October-December for the first time since the second quarter of 2020, as exports tumbled while consumer spending dipped in reaction to rising interest rates, the country’s central bank said Thursday. Gross domestic product in the final period of last year contracted 0.4 percent from the previous quarter, the Bank of Korea said. The reading comes after the BoK hiked borrowing costs for […]

China scraps visa-free transit for S. Koreans, Japanese over Covid curbs Health

Beijing, China (AFP) Beijing said Wednesday it would scrap visa-free transit for South Korean and Japanese citizens, stepping up a diplomatic tit-for-tat after both countries placed travel curbs on visitors from China. South Korea and Japan have in recent weeks imposed fresh travel requirements on all visitors from China, as the world’s most populous country battles a surge in Covid cases. China hit back at what it deems “unacceptable” curbs, ending short-term visas for all […]

South Korea’s lunar orbiter sends photos of Earth, Moon

  Seoul, South Korea (AFP) South Korea’s first-ever lunar orbiter Danuri has sent black-and-white photos of the Moon’s surface and Earth, the national space centre said Tuesday. Danuri — a portmanteau of the Korean words for “Moon” and “enjoy” — was launched on a SpaceX rocket from the United States in August 2022 and entered lunar orbit last month. Its images — taken between December 24 and January 1 — show the lunar surface and Earth, […]

North Korea fires ‘unspecified ballistic missile’

  North Korea fired at least one “unspecified ballistic missile” Saturday, Seoul’s military said, just days after five of Pyongyang’s drones flew across the shared border and into the South’s airspace. Military tensions on the Korean peninsula have risen sharply this year as the North has carried out an unprecedented blitz of weapons tests, including the launch of its most advanced intercontinental ballistic missile ever last month. “North Korea fires an unidentified ballistic missile into […]