Tag: South Korea
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South Korea plans to cut its reliance on Middle crude oil imports to 50% by 2035
SEOUL, Sept 23 : South Korea aims to reduce its reliance on crude oil from the Middle East to 50 per cent by 2035, as Asia’s fourth-biggest economy seeks to diversify energy supplies following the disruption caused by the Iran war, the Industry Ministry said on Wednesday. In its 10-year natural resources secu
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K-pop group Rescene’s bread collab sells 100,000 units in South Korea in 4 days, new album out in November
K-pop girl group Rescene continues their dominance in South Korea, with their newly launched bread collaboration with convenience store chain CU selling around 100,000 units in just four days.
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US stresses backing for Japan, Korea and Taiwan ahead of Trump-Xi summit
NEW YORK: The United States on Monday (Sep 21) reiterated its commitment to the defence of key Asian allies Japan and South Korea, and the three nations expressed support for Taiwan ahead of a summit this we
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Commentary: Why the world’s hottest stock market is a national liability
South Korea’s wild stock price swings are hurting the country’s image, says Ruchir Sharma for the Financial Times.
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South Korea ex-commanders jailed up to 18 years over martial law
SEOUL: Five former senior South Korean military officers were jailed for up to 18 years on Monday (Sep 21) for their roles in the country’s short-lived martial law declaration of 2024.Ex-President Yoon Suk Yeol declared martial law in December that year, ordering special forces and helicopters to parliament i
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Here’s what the Saudi East-West pipeline shutdown means for Asia’s biggest crude importers
The shutdown of Saudi’s key East-West pipeline stands to squeeze crude supply for Asian importers, with South Korea appearing the most directly exposed.
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South Korea troops among three injured in DMZ blast: Report
SEOUL: Three people, including South Korean soldiers, were injured in a suspected mine blast inside the Demilitarised Zone (DMZ), South Korea’s Yonhap TV reported on Monday (Sep 21).The DMZ, which has divided the peninsula since the 1950 to 1953 Korean War ended with an armistice, is among the most heavily mi
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South Korea government to brief National Assembly on $350 billion US investment project, Yonhap News reports
Sept 20 : South Korea’s government will brief the National Assembly next week on the first investment project under the country’s $350 billion investment commitment to the United States, Yonhap News reported on Sunday, citing officials.Here are a few details:• The industry ministry is scheduled to ho
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North Korea fires unidentified projectile into East Sea: Seoul
The launch came eight days after North Korea fired multiple short-range ballistic missiles towards the East Sea – also called the Sea of Japan – as part of what it later described as a joint firepower drill.
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Asian Games offer ‘deepest apologies’ for South Korea anthem blunder
NAGOYA: Asian Games organisers offered “deepest apologies” on Saturday (Sep 19) for playing the North Korean national anthem for the South Korean men’s hockey team.South Korean officials were left angered by the latest mishap to hit the Nagoya-Aichi Games, which officially opened after a troubled build-up.
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