according to the Ministry of Economy and Finance. The number of foreign visitors to South Korea hit a record high of 17.5 million in 2019, generating tourism revenue of US$20.7 billion, according to …
As North Korea ramps up missile tests, US and South Korean troops practice assaulting a beach
North Korea has been building up a ballistic missile arsenal on the stated premise that it needs to deter an attack on it by US and South Korean forces. Washington and Seoul have been showing their …
North Korea unveils new nuclear warheads as U.S. air carrier arrives in South Korea
Experts say the images could indicate progress in miniaturizing warheads that are powerful yet small enough to mount on intercontinental ballistic missiles capable of striking the U.S.
S. Korea’s Black Eagles aerobatic team to join air show in Malaysia
SEOUL, March 29 (Yonhap) — The South Korean Air Force’s Black Eagles aerobatic team plans to participate in a biennial air show in Malaysia in May, the armed service said Wednesday. The team will join the Langkawi International Maritime and Aerospace …
North Korean hackers using stolen crypto to mine more crypto via cloud services: Report
Although its main activity was spying on South Korea, Mandiant found that APT43 was likely engaged in raising funds for the North Korean regime and funding itself through its illicit operations.
Korea’s Top Financial Watchdog Vows to Stop Wider Loan Failures
The slump in South Korea’s property market may lead to defaults on project-financing loans, but policymakers have put in place measures to cope following an unexpected credit crunch last year, …
South Korea’s ‘Three Axis’ Defense System Is in Trouble
A Republic of Korea F-15K Slam Eagle assigned to the 102nd Fighter Squadron lands after flying a training mission during Buddy Squadron 23-2 at Osan Air Base, South Korea, Mar. 8, 2023. South Korea’s “Three Axis” deterrence system is in trouble.
The Air Force Overpaid Service Members in South Korea by $2.3 Million, But Won’t Make Them Return the Money
Nearly 8,000 airmen stationed in South Korea will not have to pay back more than $2 million worth of overpayments issued last year, the Air Force has decided. Between March 1, 2022, and Nov. 30, 2022, 7,800 airmen stationed at 11 locations throughout South …
Activist investors smoke out South Korea’s undervalued companies
Ginseng is renowned in Asian medicine for its health-giving properties — but a prominent South Korean activist investor thinks his top target would help shareholders by giving it up. Lee Sang-hyun, …
North Korean Defectors Are Dying Lonely Deaths in Wealthy South
After fleeing the reclusive nation in the early 2000s, she soon became a success story for South Korea’s resettlement program — even counseling other defectors on how to transition to life in a modern nation.