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Tag: South Korea

Posted on February 3, 2025

Cold wave slashes retail property auction success rates in South Korea

Cold wave slashes retail property auction success rates in South Korea Retail space auctions struggle as economic challenges diminish buyer interest in South Korea …

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Posted on February 3, 2025

Bankruptcy rise puts South Korea’s IBs to test

South Korea’s prolonged economic downturn and rising corporate bankruptcies are challenging investment banks in Yeouido’s financial district this year. As demand for corporate financing rises and the …
Posted on February 3, 2025

SECDEF Hegseth Affirms U.S. Commitment to Japan, South Korea During Defense Chief Calls

U.S. Secretary of Defense Pete Hegseth made introductory phone calls on Friday to Japan Defense Minister Gen Nakatani and Acting South Korea Minister of National Defense Kim Seon-ho to reaffirm the U.
Posted on February 3, 2025

N. Korea says U.S. arms aid cannot ‘save’ S. Korea from strategic deficiency

North Korea on Sunday accused the United States of stepping up weapons aid to allies in what it called an attempt to cement its hegemonic status, saying such weapons provisions are still not sufficient to “save” South Korea from a strategic deficiency.
Posted on January 31, 2025

Who is Lee Jae-myung, South Korea’s possible next president?

W HEN SOUTH KOREA’S president, Yoon Suk Yeol, sent troops streaming into the country’s National Assembly on December 3rd, Lee Jae-myung turned on his livestream. Viewers watched on a shaky smartphone camera feed as the head of the country’s largest opposition force,
Posted on January 31, 2025

Passenger plane catches fire in South Korea prompting mass evacuation, three injured

An Airbus plane belonging to South Korean carrier Air Busan caught fire on Tuesday at Gimhae International Airport in the country’s south while preparing for departure to Hong Kong, fire authorities said.
Posted on January 30, 2025

South Korea’s Yoon draws support from casualties of cutthroat economy

CHANGWON, South Korea — Watching images of raucous street protests in Seoul on his smartphone, author Chun Hyun-woo’s eyes are drawn to the young men in the crowds yelling for South Korea’s impeached …
Posted on January 30, 2025

Officials launch investigation into cause of Air Busan fire in South Korea

South Korean officials are launching an investigation into the cause of the fire that engulfed an Air Busan passenger plane, with eyewitness accounts suggesting a power bank may have sparked the blaze …
Posted on January 30, 2025

What to expect after South Korea’s impeached president was indicted on rebellion charges

South Korean President Yoon Suk Yeol has become the country’s first leader to be indicted, less than two weeks after he was the first to be detained. The impeached, jailed president, who had been holed up in his presidential compound for weeks after issuing a shocking martial law decree last month,
Posted on January 29, 2025

Fire breaks out on plane with 176 people on board

An airplane carrying 176 people was engulfed in flames in South Korea, almost a month to the day that a Jeju Air jet crashed, killing 179 people on board. The fire broke out in the tail section of the …

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