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Tag: South Korea

Posted on April 11, 2023

Hundreds flee from wildfire in South Korean seaside city

SEOUL, South Korea (AP) — Hundreds of South Koreans were forced to flee a wildfire fueled by strong winds that burned parts of an eastern coastal city Tuesday, destroying dozens of homes. More than 700 firefighters and 300 vehicles were dispatched to …
Posted on April 11, 2023

S. Korea not likely to enjoy strong trade surplus with China anymore: Choo

SEOUL, April 11 (Yonhap) — South Korea’s trade surplus with China is expected to be weaker than in the past down the road, although it is unlikely to result in a deficit, the finance minister has …
Posted on April 10, 2023

Indicting ex-presidents: It’s par for the course in South Korea

While pro- and anti-Trumpers pondered the implications of a precedent shattered, the brouhaha compelled a Korean-American academic to pose this question on social media: Has the student – South Korea — overtaken the master – the U.
Posted on April 10, 2023

US, South Korea, Japan concerned over North Korea’s cyber activities

The United States, South Korea and Japan expressed deep concern over North Korea’s “malicious” cyber activities to support its weapons programmes, in comments released in a joint statement on Friday. Crypto currency funds stolen by North Korean hackers …
Posted on April 10, 2023

North Korea’s Cyber-Fueled Nuke Financing Triggers Alarm Bells For US, Japan, And South Korea

Special envoys from the United States, Japan, and South Korea have expressed deep concerns over North Korea’s growing nuclear program, highlighting the role of North Korean hackers and IT specialists in fueling the regime’s weapons development.
Posted on April 10, 2023

South Korean exchange GDAC hacked for nearly $14M

GDAC, which is one of the leading cryptocurrency exchanges in South Korea, reported the security breach on April … Sushi, a protocol for decentralized finance, was exploited for $3.3 million on …
Posted on April 10, 2023

North Korea Cuts Phone Link With South, Slamming ‘Traitors’

North Korea appears to be purposefully cutting a communication link with South Korea as it ratchets up tensions by testing new weapons and denouncing its neighbor as a “puppet traitor” for holding military drills with the US.
Posted on April 10, 2023

Persuaded by South Korea’s “China Benefits” theory, US relaxes “guardrail” restrictions; long-term concerns remain for Samsung, SK Hynix

Recently, the US Department of Commerce (DOC) released a Notice of Proposed Rulemaking for the guardrails included in the Chips and Science Act (CHIPS Act). Analysis pointed out that the restrictions were relaxed because the US accepted the South Korean government’s statement that China could benefit from the guardrails.
Posted on April 10, 2023

Warning over North Korea’s ‘malicious’ cyber activities

The US, South Korea and Japan expressed deep concern over North Korea’s “malicious” cyber activities to support its weapons programmes.
Posted on April 10, 2023

‘Super-rich’ South Koreans ditch real estate for cash in 2022

The wealthiest in South Korea tended to increase their shares of safe haven assets, such as cash holdings and deposits, rather than taking a risk with real estate in 2022, according to a report …

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