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Tag: South Korea

Posted on June 24, 2025

Oil prices drop sharply, and stocks rally worldwide after announcement of Israel-Iran ceasefire

In stock markets abroad, indexes rallied more than 1% everywhere from France to Germany to Japan following the announcement of the Israel-Iran ceasefire. Hong Kong’s jump of 2.1% and South Korea’s …
Posted on June 24, 2025

Exclusive: South Korea plans end to lump-sum retirement payouts for workers

The South Korean government is pushing forward with a major overhaul of how workers receive retirement benefits, aiming to replace the longstanding lump-sum severance system with mandatory …
Posted on June 24, 2025

South Korea’s Hyunmoo-5 spotlighted after first combat use of GBU-57

Interest is mounting in South Korea’s domestically developed bunker-buster missile, the Hyunmoo-5, following the United States’ strike on three Iranian uranium enrichment facilities using the GBU-57, …
Posted on June 24, 2025

President Lee picks South Korea’s first civilian defense chief in 64 years

South Korean President Lee Jae Myung has nominated a five-term liberal lawmaker as defense minister, breaking with a tradition of appointing retired military generals.
Posted on June 24, 2025

South Korea’s new leaders seek continuity on key defense issues

Washington is reportedly reassessing defense cost-sharing agreements with South Korea, and Trump may want significant increases to Seoul’s contributions.
Posted on June 24, 2025

Iraq removes, South Korea eases restrictions on import of Brazil chicken meat

Iraq removed a trade ban it had imposed on Brazilian chicken meat after a bird flu case on a commercial farm last month, while South Korea eased its restrictions, the Brazilian Agriculture Ministry …
Posted on June 23, 2025

South Korea industry ministry flags concerns over US strike on Iran

A South Korean vice industry minister expressed concern on Monday over the potential impact on the country’s trade from recent U.S. strikes on Iran.
Posted on June 23, 2025

South Korea industry ministry flags concerns over US strike on Iran

A South Korean vice industry minister expressed concern on Monday over the potential impact on the country’s trade from recent U.S. strikes on Iran.
Posted on June 23, 2025

UK lobbies South Korea to switch to Rolls-Royce for new fighter jets, FT reports

British officials are lobbying South Korea to switch to Rolls-Royce from U.S. rival GE Aerospace as the primary engine partner for its fighter jet programme, the Financial Times reported on Monday.
Posted on June 23, 2025

UK lobbies South Korea to switch to Rolls-Royce for new fighter jets, FT reports

British officials are lobbying South Korea to switch to Rolls-Royce from U.S. rival GE Aerospace as the primary engine partner for its fighter jet programme, the Financial Times reported on Monday.

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