Poland’s government signed contracts on Wednesday for the supply and/or licensed production in the country of heavy weapons and aircraft from South Korea, including about a thousand K2 main battle tanks, some 650 K9 155mm self-propelled guns as well as 48 FA- 50, during an official ceremony in Warsaw. The cost of acquiring this equipment […]
Tag: South Korea
Poland buys tanks and fighter jets from South Korea
Poland will next week sign a contract to buy K2 tanks, K9 howitzers and three squadrons of FA-50 aircraft from South Korea, Polish Defense Minister Mariusz Blazak announced today. “Next week we are signing the agreements,” he said on his Twitter account. According to the wPolityce website, the contract concerns the delivery of 48 FA-50 […]
Yellen: The US wants to get rid of China’s rare earths
The United States wants to end its “undue reliance” on China’s rare earths and other key commodities, preventing Beijing from using its reserves for political manipulation as it has done with other countries, US Treasury Secretary Janet Yellen said today . In particular, Ms. Yellen, who arrived in Seoul today, told Reuters she was pushing […]
Yellen meets the South Korean president on Tuesday
US Treasury Secretary Janet Yellen will meet with South Korean President Yun Suk-geol and top South Korean government officials on Tuesday as she wraps up her first visit as a secretary to the Indo-Pacific region, the US Department of Defense said. Finance. During her contacts in Seoul, Yellen will continue to push for a proposed […]
South Korea – coronavirus: President suspends informal media briefings
South Korea’s president will suspend the informal media briefings he has held almost daily since taking office in May, his office said Monday, citing rising numbers of COVID-19 cases, while a poll showed a decline in his public approval ratings. The end of the briefings, which broke with a long-standing tradition as President Yoon Suk-geol […]
Azerbaijan: Forced landing of Korean aircraft with 225 on board
A Korean Air plane, which had departed from Istanbul bound for the city of Incheon, South Korea, made an emergency landing in the capital of Azerbaijan due to a failure in one of its engines, as the Korean airline announced today. The Airbus A330, carrying 215 passengers and a crew of 10, landed at Baku […]
North Korea: Authorities blame ‘foreign objects’ for country’s Covid outbreak
North Korean authorities claimed today that the country’s first outbreak of the covid-19 pandemic began when people touched “foreign objects” near the border with South Korea, apparently blaming the outbreak on Seoul. Pyongyang, while announcing the results of a survey conducted, asked North Koreans “to treat foreign objects arriving due to wind and other climatic […]
Exports to South Korea slowed in June
South Korea’s exports slowed sharply in June, partly due to fewer business days but also as a result of softer global demand as the country ran a trade deficit for a third straight month. Overseas shipments rose 5.4 percent from a year earlier to $57.73 billion after rising 21.3 percent in May, Commerce Department data […]
North Korea denounces US ‘aggression’
North Korea on Saturday condemned “aggressive moves” by Washington and Seoul, vowing revenge, as it celebrated the 72nd anniversary of the outbreak of the Korean War, at a time of growing tension on the Korean peninsula, Reuters reported. Amid concerns that North Korea might be preparing to conduct its first nuclear test in five years, […]
Cryptocurrencies: South Korea bans TerraUSD creators-administrators from leaving the country
The Republic of Korea (South Korea) has banned current and former employees of Terraform Labs, the management company of the recently collapsed stablecoin TerraUSD, from leaving the country, as the pace of the investigation into the case intensifies. A Seoul prosecutor’s office confirmed to Bloomberg that “officials linked to the collapse of stablecoin” have been […]