DIRS.INFO The most relevant business & tech news

☆ North Korea to send thousands of troops to aid Russian forces in Ukraine war, South Korea's spy agency says
▼ + stars: | 2024-10-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

North Korea is set to send thousands of troops to aid Russia in the Ukraine war, South Korea's spy agency has said. South Korea's National Intelligence Service made the announcement on Friday, Yonhap news agency reported. AdvertisementNorth Korea is set to send thousands of troops to aid Russia in its war in Ukraine, South Korea's spy agency has said, per Yonhap news agency. If confirmed, it would be the North's first major involvement in a war since the Korean War in 1950-1953. Business Insider has contacted South Korea's Ministry of National Defense, NATO, and the UK Ministry of Defence for comment.

Persons: —, Volodymyr Zelenskyy, We've, Zelenskyy, Pat Ryder, Ryder, Mark Rutte Organizations: Korea's National Intelligence Service, Korean, Service, Pentagon, NATO, Business, South Korea's Ministry of National Defense, UK Ministry of Defence Locations: Korea, Russia, Ukraine, South, North Korea

☆ South Korea is going big on American manufacturing. The Battery Belt could benefit the most.
▼ + stars: | 2024-09-23 | by ( John Towfighi | ) www.businessinsider.com time to read: +7 min

Read previewSouth Korean companies are investing billions of dollars in the US to take advantage of two big laws meant to boost American manufacturing. A Financial Times analysis of United Nations data found South Korean companies invested $21.5 billion in US projects in 2023, more than any other country. Related storiesAnd South Korean investments span multiple states, mainly in the South. In the past decade, South Korean companies have created about 7,000 jobs in Texas and nearly 8,000 jobs in Indiana. Those provisions have incentivized South Korean companies to divert from China and focus more on the US.

Persons: —, Yeo, South, Biden, South Korea —, " Yeo, Joe Biden's Organizations: Service, United, Business, Samsung, LG, Hyundai, South, Peterson Institute for International Economics, EV, Financial, Kia, SK Hynix, Korea's Ministry of Trade, Industry, Energy, Wall Street, World Bank, Biden Locations: United Nations, South Korea, Taiwan, Southern, China, US, Georgia, South, Texas, Arizona, Indiana, Korea's

☆ North Korea executed 30 teenagers for watching South Korean dramas: reports
▼ + stars: | 2024-07-12 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +3 min

Read previewIn North Korea, watching your favorite Korean dramas could end in tragedy. According to reports from South Korean news outlets Chosun TV and Korea JoongAng Daily, around 30 middle schoolers were publicly shot last week for watching South Korean dramas. Despite eyewitness accounts compiled by Amnesty International, the North Korean government has denied that public executions take place in the country. Recently, experts have speculated that North Korean military personnel could be sent to aid Russian efforts in Ukraine, following closer ties between North Korean leader Kim Jong Un and Russia's President Vladimir Putin. AdvertisementRepresentatives from North Korea and the Committee for Human Rights in North Korea didn't immediately reply to requests for comment.

Persons: —, Kim Jong, Vladimir Putin, North Korea didn't Organizations: Service, South, Chosun, Business, Korean Unification Ministry, Korean, Rights, South Korea's Ministry of Unification, Amnesty International, North Korean, North, Korea Herald, Human Rights Locations: Korea, South Korean, North, South Korea, Japan, UN, Kangwon Province, North Korea, Ukraine

☆ South Koreans are dealing with burnout and loneliness by getting pet rocks
▼ + stars: | 2024-03-19 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

South Korean millennials are turning to pet rocks to combat loneliness and burnout at work. Originally a 1970s joke gift, pet rocks can give a low-maintenance sense of companionship. AdvertisementAdults in South Korea are using pet rocks to help with loneliness and burnout at work. The Journal's Jiyoung Sohn spoke to millennials turning to pet rocks to help them through difficult periods in their careers. Related storiesThe coronavirus pandemic prompted a pet-rock boom in South Korea, according to a July 2023 report by Korea JoongAng Daily.

Persons: —, Gary Dahl, Bettmann, Jiyoung Sohn, Koo Ah, Sohn, Koo, Yoon Jeonghan, Gen Z Organizations: Service, Street, Business, South Korea's Ministry of Interior, Safety, The Korea Herald, South Korea's Ministry, CNN, Bloomberg, Companies Locations: South Korea, Asia, Seoul, Korea

☆ Stop frying toothpicks and eating them, South Korea tells Mukbang influencers
▼ + stars: | 2024-01-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Read previewSouth Korean authorities are telling people to stop deep frying and eating their toothpicks. Their safety as food has not been verified," South Korea's Ministry of Food and Drug Safety wrote on X on Wednesday. The videos are part of South Korea's long-running "Mukbang" craze, where people film themselves eating exorbitant amounts of junk food or exotic foods. Most toothpicks in South Korea are made of sweet potato or corn starch instead of wood. There are tons of delicious foods out there but they fry toothpicks and eat them with soup," read one comment on TikTok.

Persons: — Organizations: Service, Korea's Ministry of Food and Drug, Business, Procter, Gamble Locations: South, South Korea

☆ South Korea asks US to resolve chip trade issues
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsSEOUL, Sept 22 (Reuters) - South Korea on Friday said it has asked the United States to resolve uncertainties regarding U.S. export controls in the chip sector and subsidies for chip investment. The waiver allowed the South Korean pair to supply equipment for their chip production facilities in China without additional licensing requirements. Bang has sought "active cooperation" from the U.S. Department of Commerce to resolve issues relating to export controls, South Korea's Ministry of Trade, Industry and Energy said in a statement without elaborating. Samsung Electronics has NAND flash memory production in Xian, China whereas SK Hynix has DRAM chip production in Wuxi and NAND Flash production in Dalian. The companies together control nearly 70% of global DRAM and 50% of NAND flash markets as at June-end, showed data from TrendForce.

Persons: Florence Lo, Commerce Don Graves, Bang, Joyce Lee, Heekyong Yang, Christopher Cushing Organizations: REUTERS, Rights, Industry, U.S, Commerce, Samsung Electronics, SK Hynix, U.S . Department of Commerce, Korea's Ministry of Trade, Energy, TrendForce, Samsung, Thomson Locations: Rights SEOUL, South Korea, United States, Seoul, China, U.S, Korea's, Xian , China, Wuxi, Dalian, Texas

☆ South Korea is working on an 'arsenal ship' in case it has to shower North Korea with missiles
▼ + stars: | 2023-08-31 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +9 min

If completed, they would be the first arsenal ships ever built and would mark another accomplishment for South Korea's burgeoning defense industry. AdvertisementAdvertisementThe arsenal shipAn illustration of a possible arsenal ship published in the US Navy's All Hands magazine in May 1995. South Korean interestA North Korean Hwasong ICBM in March 2022. Given the number and types of missiles South Korea's arsenal ships would carry, they could be involved in all three axes — all while staying mobile. AdvertisementAdvertisementHanwha Ocean's arsenal shipFew details about South Korea's arsenal ship program have been released.

Persons: Shoup, Neil Mabini, Haeseong Organizations: South, North, Service, International Maritime Defense Industry, South Korean, South Korea's Ministry of National Defense, US Navy, US, Russian Navy, Navy, RIM, MGM, Tactical Missile System, Air Force, Getty, Korea Air and Missile Defense, Korean, Daewoo Shipbuilding, Marine Engineering, Naval News, South Korea Defense Ministry, NUR Locations: North Korean, Wall, Silicon, South Korean, Busan, Soviet Union, Korean, Korea, Seoul, South Korea

HONG KONG, Aug 3 (Reuters Breakingviews) - South Korea’s dealmaking skeletons are back to haunt. Paul Singer's Elliott opposed a $9 billion union eight years ago of Samsung C&T (028260.KS) and Chiel Industries. South Korea’s successful prosecution of Lee, Park and a former minister that oversaw NPS, provided cause for Elliott to demand payback. Elliott sued in 2018 and the Permanent Court of Arbitration in the Hague in June awarded the U.S. fund over $100 million. Far from being the end of it though, President Yoon Suk Yeol’s government is contesting that award in a British arbitration court.

Persons: Samsung's Lee, Paul Singer's Elliott, Elliott, Jay Y, Lee, Park Geun, Yoon Suk, Hague, Yoon, Taiwan's TSMC, Una Galani, Thomas Shum Organizations: Reuters, Korea Inc, Samsung, Chiel Industries, National Pension Service, NPS, U.S ., Korea, Trade, Global, Samsung Electronics, Apple, Tokyo, Korea's Ministry, Justice, Elliott Investment, Thomson Locations: HONG KONG, U.S, Hague, Seoul, Korea, China, Beijing, Washington, Taiwan, Japan, South Korea, United States

☆ North Korea threatens nuclear retaliation over US displays of military force
▼ + stars: | 2023-07-20 | by ( Hyunsu Yim | ) www.reuters.com time to read: +3 min

[1/2] U.S. and North Korean national flags are seen at the Capella Hotel on Sentosa island in Singapore June 12, 2018. The comments raise the stakes as each side steps up displays of military force in a standoff over the isolated country's nuclear weapons and ballistic missile programmes. The KCNA report came after a U.S. soldier crossed the border into North Korea on Tuesday at a time of heightened tension between the two Koreas and the United States. North Korea has yet to comment on the incident involving the U.S. soldier. Last year, the reclusive state codified a new, expansive nuclear law declaring its status as a nuclear-armed state "irreversible".

Persons: Jonathan Ernst, Kang Sun Nam, Ankit, Panda, Hyunsu Yim, Josh Smith, Bernadette Baum, Mike Harrison, Tom Hogue Organizations: North Korean, Capella, REUTERS, U.S, Nuclear Consultative, DPRK, Democratic People's, South Korea's Ministry of National Defense, USS, Korean, U.S ., Carnegie Endowment, International, South, Thomson Locations: Sentosa, Singapore, SEOUL, North Korea, South Korea, United States, Democratic People's Republic of Korea, Ohio, Busan, USS Kentucky, Korea, U.S, Washington

☆ South Korea's President Yoon visits Ukraine
▼ + stars: | 2023-07-15 | by ( Joyce Lee | ) www.reuters.com time to read: +2 min

Summary South Korea's Yoon to meet Ukraine's Zelenskiy - Yoon's officeS.Korea facing renewed pressure to provide weapons to UkraineS.Korea to play a role in Ukraine's reconstruction -ministrySEOUL, July 15 (Reuters) - South Korean President Yoon Suk Yeol was visiting Ukraine on Saturday for talks with President Volodymyr Zelenskiy, the South Korean presidential office said. Yoon said this week his administration was preparing to send de-mining equipment and ambulances, following a request from Ukraine, and will join NATO's trust fund for Ukraine. Zelenskiy asked Yoon to boost military support when they met for the first time in May. South Korea's Ministry of Land, Infrastructure and Transport said on Friday it planned to support the reconstruction of Ukraine's infrastructure, such as transportation, energy and industry. South Korean companies and companies in Ukraine and other countries signed agreements on Friday for cooperation in the reconstruction of Ukraine, the ministry said in a statement.

Persons: Yoon, Ukraine's, Ukraine S.Korea, Yoon Suk Yeol, Volodymyr Zelenskiy, Irpin, Zelenskiy, Andrzej Duda, Joyce Lee, Hyonhee, William Mallard Organizations: South Korean, NATO, Ukraine, South Korea's Ministry of Land, Infrastructure, Transport, Thomson Locations: Ukraine, SEOUL, Lithuania, Poland, Bucha, Kyiv, U.S, South Korea, North Korea, Seoul, Korea

☆ Blinken called S.Korea to discuss China visit; N.Korea warns of stronger response
▼ + stars: | 2023-06-24 | by ( ) www.reuters.com time to read: +1 min

SEOUL, June 24 (Reuters) - U.S. Secretary of State Antony Blinken called key ally South Korea to discuss results of his visit to China this month, South Korea's Ministry of Foreign Affairs said on Saturday. Blinken told South Korean Foreign Minister Park Jin he had an honest, practical and constructive dialogue with the Chinese side, and wanted to explain the results of his visit in as much detail as possible, a ministry statement said. Blinken's "threats" for China to pressure Pyongyang expresses a "dangerous hegemonic mentality", KCNA said, citing a North Korean foreign ministry official. North Korea fired two short-range missiles off its east coast last week, less than an hour after Pyongyang warned of a response to military drills by South Korean and U.S. troops. Reporting by Joyce Lee; Editing by William Mallard and Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Antony Blinken, Blinken, Park Jin, Xi Jinping, KCNA, Joyce Lee, William Mallard, Tom Hogue Organizations: Korea's Ministry of Foreign Affairs, South Korean Foreign, North, South Korean, Thomson Locations: SEOUL, South Korea, China, Korea's, Beijing, North Korea, Pyongyang, United States, North Korean, Korea, U.S

More than 85% of the South Korean public oppose Japan’s plan, according to a survey last month by local pollster Research View. Seven in 10 people said they would consume less seafood if the wastewater release goes ahead. "We are getting more customers than usual lately and many of them seem worried about the planned wastewater release," he said. Social media posts talking about buying salt in large amounts and urging people to do the same have also gone viral. Order volumes and inquiries about buying salt have increased as of late, according to the local branches of the National Agricultural Cooperative Federation known as Nonghyup in Sinan County, a region famous for producing sea salt.

Persons: Japan's, Hyun Yong, gil, Daewoung Kim, Jimin Jung, Hyunsu Yim Organizations: sil, South, South Korea's Ministry of, Fisheries, “, country’s, Of Fisheries Cooperatives, National Agricultural Cooperative Federation, NHK, Thomson Locations: SEOUL, Fukushima, Seoul, Tokyo, Sinan County, South Korea, Insanaga, KS, Japan

☆ OpenAI CEO visits South Korea as country seeks to encourage AI development
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

SEOUL, June 9 (Reuters) - Open AI Chief Executive Sam Altman is set to meet with South Korean President Yoon Suk Yeol and about 100 local startups on Friday, as the country seeks to encourage domestic competitiveness in artificial intelligence. After crisscrossing Europe last month meeting lawmakers and national leaders to discuss the prospects and threats of AI, Altman has travelled to Israel, Jordan, Qatar, United Arab Emirates, India and South Korea - all this week. The European Union is moving ahead with its draft AI Act, which is expected to become law later this year, while the United States is leaning toward adapting existing laws for AI rather than creating whole new legislation. South Korea has new AI regulation awaiting full parliament approval, which is seen as less restrictive than the EU's version. South Korea's Ministry of Science and ICT announced in April plans focused on fostering local AI development, such as measures to provide datasets for training hyperscale AI, while continuing discussions in AI ethics and regulations.

Persons: Sam Altman, Yoon Suk, Altman, Naver, OpenAI, ChatGPT, Joyce Lee, Heekyong Yang, Deepa Babington Organizations: South Korean, crisscrossing, LG, Financial Times, Microsoft Corp, European, South Korea's Ministry of Science, ICT, Thomson Locations: SEOUL, crisscrossing Europe, Israel, Jordan, Qatar, United Arab Emirates, India, South Korea, Korea, United States, China, Kakao, Spain, Mexico, South

☆ Children screamed and cried and passengers heard a loud bang after a man opened the emergency exit door during an Asiana Airlines flight
▼ + stars: | 2023-05-27 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

A man was arrested this week for opening an emergency exit door during a flight in South Korea. As winds whipped through the cabin, a group of children screamed and cried, according to a local outlet. Children screamed and cried, and passengers heard a loud bang, after a man opened the emergency exit door during a flight on Friday, according to local reports. "The children were very surprised, screamed, cried and quivered," one of the kids' teachers told KBS News. The man who opened the emergency exit door was arrested upon landing.

☆ North Korea fires short-range ballistic missile, South Korea says
▼ + stars: | 2023-03-19 | by ( Hyunsu Yim | ) www.reuters.com time to read: +2 min

SEOUL, March 19 (Reuters) - North Korea fired a short-range ballistic missile towards the sea off the east coast of the Korean Peninsula on Sunday, according to South Korea and Japan, the latest in a barrage of weapons tests from the nuclear-armed state. Seoul has condemned the recent ballistic missile launches by the North as a "clear violation" of a U.N. Security Council resolution. "North Korea's behaviour threatens international peace and security, and is unacceptable," Japan's state minister of defense, Toshiro Ino, told a news conference, adding Japan had protested strongly via North Korea's embassy in Beijing. But the recent missile launches highlight the destabilising impact of Pyongyang's unlawful weapons of mass destruction and ballistic missile programs, it said in a statement. South Korean and American forces kicked off the 11-day drills, dubbed "Freedom Shield 23", a week ago on a scale not seen since 2017.

SEOUL, March 8 (Reuters) - South Korea's government approved export licenses for Poland last year to provide Ukraine with Krab howitzers, which are built with South Korean components, a defence acquisition official in Seoul told Reuters on Wednesday. The comments are the first confirmation that South Korea officially acquiesced to at least indirectly providing weapons components to Ukraine for its war against Russia. Seoul officials have previously declined to comment on the Krabs, fuelling speculation over whether South Korea had formally agreed or was simply looking the other way. South Korean President Yoon Suk Yeol said at the time that South Korea, a U.S. ally, had not provided any weapons. Kim said Poland would need further South Korean permission to provide any of those new weapons to Ukraine.

☆ Fukushima wastewater release would have limited impact on South Korean waters - study
▼ + stars: | 2023-02-16 | by ( Ju-Min Park | ) www.reuters.com time to read: +2 min

SEOUL, Feb 16 (Reuters) - The release of waste water from Japan's wrecked Fukushima nuclear power plant would have a negligible effect on South Korean waters, according to a government study published on Thursday. "That change would be too small to detect," an official at the Korea Institute of Ocean Science and Technology said. The analysis comes as South Korea's President Yoon Suk-yeol is seeking to improve relations with Japan after years of tensions. The water release has raised concerns from neighbouring countries, including China and South Korea. The simulation study has "no connection" to normalising relations between South Korea and Japan, said Oh Haeng-nok, an official at South Korea's Ministry of Oceans and Fisheries.

☆ North Korea ICBM may have failed in flight, officials say; Japan residents told to shelter
▼ + stars: | 2022-11-03 | by ( ) www.cnbc.com time to read: +1 min

People watch a television screen showing a news broadcast with file footage of a North Korean missile test, at a railway station in Seoul on March 16, 2022. North Korea fired multiple ballistic missiles on Thursday, including a possible failed intercontinental ballistic missile (ICBM) that triggered an alert for residents in parts of central and northern Japan to seek shelter. Despite an initial government warning that a missile had overflown Japan, Tokyo later said that was incorrect. Officials in South Korea and Japan said the missile may have been an ICBM, which are North Korea's longest-range weapons, and are designed to carry a nuclear warhead to the other side of the planet. South Korean officials believe the ICBM failed in flight, Yonhap news agency reported, without elaborating.

☆ Home to 28,000 U.S. troops, S.Korea unlikely to avoid a Taiwan conflict
▼ + stars: | 2022-09-26 | by ( Josh Smith | ) www.reuters.com time to read: +5 min

China is South Korea's largest economic partner, and Seoul could find itself on the literal front lines of any regional military conflict. But when asked whether South Korea will help the United States if China attacks Taiwan, Yoon did not directly answer. South Korean troops fought alongside Americans in Vietnam and supported the wars in Afghanistan and Iraq, but questions of future involvement are up to South Korea alone, LaCamera said. In response, South Korean Vice Defence Minister Shin Beom-chul told broadcaster MBC that there had been no such discussions between Washington and Seoul. Cho said North Korea could support China in a Taiwan conflict by launching an attack on South Korea, or simply use the conflict as a chance to push forward with its nuclear or missile development.

Search resuls for: "South Korea's Ministry of"

20 mentions found