South Korea could have high inflation for extended periods along with other countries as rising price risks rise, according to analysts at the Bank of Korea, according to Bloomberg. Expansionary fiscal policies and ample liquidity in global markets during the pandemic will continue to accelerate inflation, as there is a “time lag” in these policies, […]
Tag: South Korea
South Korea: 90,928 coronavirus cases and 258 deaths in 24 hours
The Korean Disease Control and Prevention Agency (KCDA) announced today that 90,928 cases of SARS-CoV-2 were confirmed in the 24 hours to midnight Sunday and 258 patients died due to complications of COVID-19. The death toll from the new coronavirus pandemic in South Korea, which is being hit by a wave attributed to the most […]
Kim Jong Un: If North Korea is attacked by South Korea, it will hit it with nuclear weapons
North Korea does not want war, but if South Korea chooses armed conflict or launches a pre-emptive strike, then the People’s Republic’s nuclear forces will be activated and will strike, the leader’s strong sister Kim Jong Un said on Tuesday. Kim Yo Yong. Ms Kim, a senior government and ruling party official, called the South […]
South Korea: President nominates centrist former prime minister to head government
South Korean President-elect Yoon Seok Yeol has nominated a centrist former prime minister to lead his government as the former prosecutor seeks help to “navigate” the country’s polarized politics, according to Bloomberg. Han Dak-soo, 72, is recognized by all political parties for his experience and know-how and has held key positions in government, Yoon said […]
North Korea: US, South Korea close to new nuclear test
There are growing indications that North Korea could soon test a nuclear weapon for the first time since 2017, in a bid to improve its arsenal and increase political pressure, US and South Korean officials and analysts said. Two U.S. officials told Reuters that there were indications, including activity near the Punggye-ri nuclear power plant, […]
Turkish business with South Korea for the construction of the ‘Altai’ tank
Turkey is negotiating the purchase of up to 100 South Korean-made engines and gearboxes to power its first local Altay tank under construction, the Altay. Turkey’s top defense procurement official, Ismail Demir, said talks with two South Korean companies were focusing on the amount of power packs (which are the engine and gearbox) for the […]
South Korea: Coronavirus outbreaks exceed 12 million
The Korea Office of Disease Control and Prevention (KCDA) announced today that 187,213 cases of SARS-CoV-2 were confirmed in the 24 hours to midnight Sunday and 287 patients died due to complications of COVID-19. The death toll from a new coronavirus pandemic in South Korea has risen to 15,186 with a total of 12,162,232 infections, […]
South Korea: President Moon Jae-in Condemns North Korea launches intercontinental ballistic missile
South Korean President Moon Jae-in strongly condemned the North Korean launch of an intercontinental ballistic missile earlier today and the fact that the North Korean leader violated the moratorium that had been declared by the , according to its services. Japanese Deputy Defense Minister Makoto Oniki noted that the rocket launched today from Pyongyang looks […]
South Korea: 334,708 new coronavirus cases, 327 deaths due to COVID-19 in 24 hours
The Korea Office of Disease Control and Prevention (KCDA) announced today that 244,708 cases of SARS-CoV-2 were confirmed in the 24 hours to midnight Saturday and 327 patients died due to complications of COVID-19. The death toll from a new coronavirus pandemic in South Korea has reached 12,428 deaths out of a total of 9,373,646 […]
South Korea says North Korea will test intercontinental ballistic missile ‘immediately’
The South Korean government believes that North Korea is preparing to test an intercontinental ballistic missile, possibly even within a week, according to media sources close to the government, who did not name. Tensions on the Korean Peninsula are rising as indications grow that Pyongyang may soon act on its threat to resume such weapons […]
