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Korea

16 January 2017 8:16

  Prosecutors in South Korea are seeking an arrest warrant for the de facto head of the country’s biggest business firm, Samsung Group, as part of investigations into a scandal surrounding impeached President Park Geun-hye. The special prosecutor’s office sought the warrant for the arrest of Samsung’s Vice Chairman Lee Jae-yong, known professionally as Jay Y. Lee, on Monday. A court has to approve the...

15 January 2017 14:48

  Official figures show South Korea’s imports of oil from Iran last December soared about eight times greater than a year ago – what may be a yet another indication that the Islamic Republic is getting a stronger position in the global oil market in a post-sanctions era.    Figures released by South Korea’s customs office also showed that the country’s imports...

11 January 2017 17:20

  South Korea says the North has acquired as much as 50 kilograms of weapons-grade plutonium, enough to manufacture 10 nuclear bombs. In its 2016 defense white paper, the South Korean Ministry of National Defense estimated that North Korea had developed the aforementioned amount of plutonium as of the end of 2016. According to the report, the North had a stockpile of plutonium at...

11 January 2017 10:27

  South Korea said on Wednesday the North has enough plutonium to make 10 nuclear bombs, a week after leader Kim Jong-Un said it was close to test-launching an intercontinental ballistic missile. Seoul’s defense ministry said the North is believed to have some 50 kilograms (110 pounds) of weapons-grade plutonium as of the end of 2016 — enough to make about 10...

1 January 2017 16:55

  North Korean leader Kim Jong-un has claimed his country is almost ready to test-launch an intercontinental ballistic missile (ICBM), amid international pressure on Pyongyang to abandon its arms programs. “Research and development of cutting edge arms equipment is actively progressing and ICBM rocket test launch preparation is in its final stage,” Kim said in his New Year’s message on television on...

1 January 2017 8:09

  North Korean leader Kim Jong-un has claimed his country is almost ready to test-launch an intercontinental ballistic missile (ICBM), amid international pressure on Pyongyang to abandon its arms programs. “Research and development of cutting edge arms equipment is actively progressing and ICBM rocket test launch preparation is in its final stage,” Kim said in his New Year’s message on television on...

21 December 2016 15:45

  The United States will regularly deploy strategic weapons to South Korea to counter nuclear and missile threats from North Korea, US and South Korean defense officials said in a joint statement. Officials reaffirmed the commitment at the first meeting of the Extended Deterrence Strategy and Consultation Group (EDSCG) in Washington on Tuesday. In an attempt to boost deterrence against Pyongyang, US and...

9 December 2016 14:02

  South Korean lawmakers have approved an impeachment motion against President Park Geun-hye, stripping her of sweeping executive powers over a corruption scandal that has rattled her administration. The motion was passed in a secret balloting in South Korea’s National Assembly during a Friday session by 234 votes to 56, easily winning the required two-thirds majority in the 300-seat parliament. “I declare that...

9 December 2016 9:30

  South Korean lawmakers have approved an impeachment motion against President Park Geun-hye, stripping her of sweeping executive powers over a corruption scandal that has rattled her administration.

8 December 2016 16:48

  South Korean opposition parties have introduced a motion in the parliament to impeach embattled President Park Geun-hye over an influence-peddling scandal. The parliament in South Korea formally introduced the impeachment motion on Thursday, accusing Park of violating the country’s constitution and colluding with a close friend, who is currently jailed and faces charges of fraud and abuse of power. The motion will...

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