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☆ Hundreds evacuated as fire burns makeshift homes in Seoul
▼ + stars: | 2023-01-20 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

A fire destroyed about 60 makeshift homes in a densely packed neighborhood surrounded by some of the wealthiest streets of South Korea’s ultramodern capital Friday. Firefighters extinguished the flames in Seoul’s Guryong village within about five hours, and no injuries or deaths were reported. Shin Yong-ho, an official at the fire department of Seoul’s Gangnam district, said rescue workers have searched areas affected by the fire but all residents were believed to have safely evacuated. Photos showed firefighters fighting the flames under thick, white smoke covering the village as helicopters sprayed water from above. Kim Ah-reum, an official at the Gangnam district office, said around 500 residents evacuated to nearby facilities including a school gym.

☆ Some 500 people are evacuated from fire in South Korea shanty town
▼ + stars: | 2023-01-20 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

SEOUL, Jan 20 (Reuters) - About 500 people were evacuated on Friday after fire broke out in a shanty town in the South Korean capital, Seoul, fire authorities said. The fire erupted at 6:27 a.m. (0927 GMT) in Guryong Village in southern Seoul, which is home to more than 660 households. [1/4] Smoke rises from a fire at Guryong village, the last slum in the glitzy Gangnam district, in Seoul, South Korea, January 20, 2023. Plans for redevelopment and relocation have made little progress amid a decades-long tug of war between land owners, residents and authorities. Seoul said Mayor Oh Se-hoon visited the village and asked officials to draw up measures to relocate families affected by the fire.

☆ UAE pledges to invest $30 billion in South Korea, president's office says
▼ + stars: | 2023-01-15 | by ( ) www.reuters.com time to read: +1 min

[1/5] Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, receives Yoon Suk Yeol, President of South Korea and Kim Keon-hee, First Lady of South Korea, upon their arrival for a state visit reception, at Qasr Al Watan, Abu Dhabi, United Arab Emirates, January 15, 2023. Mohamed Al Hammadi/UAE Presidential Court/Handout via REUTERSSEOUL, Jan 15 (Reuters) - The United Arab Emirates (UAE) has decided to invest $30 billion in South Korea's industries, South Korea's presidential office said on Sunday, as the two countries seek to expand economic cooperation. The investment decision was announced as South Korea's President Yoon Suk-yeol met his UAE counterpart, Sheikh Mohammed bin Zayed al-Nahyan, in Abu Dhabi during a four-day state visit, Yoon's office said. "We have decided a $30 billion investment based on the trust on South Korea which keeps promises under any circumstances," Yoon's office quoted the UAE president as saying. Seoul's finance ministry said the $30 billion investment would be led by sovereign wealth funds, including Mubadala Investment Company.

☆ South Korea's Yoon warns of ending military pact if North violates airspace again, Yonhap reports
▼ + stars: | 2023-01-04 | by ( Hyonhee Shin | ) www.reuters.com time to read: +1 min

SEOUL, Jan 4 (Reuters) - South Korean President Yoon Suk-yeol said on Wednesday he would consider suspending a 2018 inter-Korean military pact if North Korea violates its airspace again, Yonhap news agency reported, citing his press secretary. Yoon made the comment after being briefed on countermeasures to North Korean drones that crossed into the South last week, calling for building an "overwhelming response capability that goes beyond proportional levels," Yonhap said. Yoon has criticised the military's handling of the drone incident, in part blaming the previous administration's reliance on the 2018 pact banning hostile activities in the border areas. "He also called for accelerating the development to produce stealth drones this year and quickly establishing a drone killer system," Kim said, according to Yonhap. Reporting by Hyonhee Shin; Editing by Tom Hogue and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

☆ South Korea says it is in talks over joint planning and implementation of U.S. nuclear asset operations
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Jan 3 (Reuters) - South Korea and the United States are discussing joint planning and implementation of operations involving U.S. nuclear assets to counter North Korea's threats, Seoul's presidential office said on Tuesday. The statement came shortly after U.S. President Joe Biden said the United States was not discussing joint nuclear exercises with South Korea, contradicting earlier remarks by South Korean President Yoon Suk-yeol in an interview with a local newspaper. "In order to respond to the North Korean nuclear weapons, the two countries are discussing joint ways to share information on the operation of .U.S-owned nuclear assets, and joint planning and joint execution of them accordingly," Yoon's press secretary, Kim Eun-hye, said in a statement. Kim said President Biden "had no choice but to say 'No'" because he was simply asked if the two countries were "discussing nuclear war games," whereas joint nuclear exercises can only be held between nuclear weapons states. Reporting by Soo-hyang Choi; Editing by Jacqueline Wong and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

SEOUL/WASHINGTON, Jan 3 (Reuters) - South Korea and the United States are discussing joint planning and implementation of U.S. nuclear operations to counter North Korea, Seoul's presidential office said on Tuesday, although U.S. President Joe Biden said there would be no joint nuclear exercises. The statement came shortly after Biden said the United States was not discussing joint nuclear exercises with South Korea, seeming to contradict earlier remarks by South Korean President Yoon Suk-yeol in an interview with a local newspaper. Yoon's press secretary, Kim Eun-hye, said Biden "had no choice but to say 'No'" because he was simply asked if the two countries were "discussing nuclear war games," whereas joint nuclear exercises can only be held between nuclear weapons states. "In order to respond to the North Korean nuclear weapons, the two countries are discussing ways to share information on the operation of U.S.-owned nuclear assets, and joint planning and joint execution of them accordingly," Kim said in a statement. Neither side has finalised the timing of the planned tabletop exercises, but they would take place "in the not-too-distant future" and cover scenarios beyond nuclear situations, the official said.

☆ South Korea must respond to N.Korea despite its nuclear arms - Yoon
▼ + stars: | 2022-12-28 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

"We must not fear or hesitate because North Korea has nuclear weapons," he said. Monday's intrusion triggered criticism in South Korea of its air defences. Yoon chided the military, in particular its failure to bring down the drones while they flew over South Korea for hours. South Korea responded on Monday by sending drones over North Korea for three hours. South Korea will also expand its drone capabilities to three squadrons.

☆ North Korea Wants Dollars. It’s a Sign of Trouble.
▼ + stars: | 2022-12-09 | by ( Choe Sang-Hun | Pablo Robles | ) www.nytimes.com time to read: +18 min

Media Korean Studies 2016 2008 New Finished New buildings Repainted TAEDONG RIVER TAEDONG RIVER Pyongyang in 2008. Media Korean Studies 2008 2016 New Finished New buildings Repainted TAEDONG RIVER TAEDONG RIVER Pyongyang in 2008. Under Mr. Kim, North Korea has opened a new terminal at the city’s international airport, renovated subway stations and opened new amusement parks. Missile tests this year alone cost North Korea hundreds of millions of dollars, according to estimates by South Korean and American researchers. An array of cell phones, assembled in North Korea with components imported from China, is on sale and advertised on state TV.

☆ U.S. expresses concern about N.Korea missile launches to Chinese representative
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: 1 min

Dec 8 (Reuters) - The U.S. Special Representative on North Korea Sung Kim told his Chinese counterpart on Korean Peninsula affairs Liu Xiaoming the United States was concerned by an "unprecedented" number of ballistic missile launches from Pyongyang, the State Department said. "(Sung Kim) strongly condemned these missile launches," State Department spokesperson Ned Price said of the video conference that took place on Wednesday. "Kim emphasized that maintaining peace and stability on the Korean Peninsula is an important shared goal." Reporting by Ismail Shakil in Ottawa and Costas Pitas in Los AngelesOur Standards: The Thomson Reuters Trust Principles.

☆ Tencent: China resumes streaming South Korean content after six-year suspension
▼ + stars: | 2022-11-22 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

A Chinese streaming platform has resumed distributing South Korean content after suspending it for nearly six years, South Korean officials said on Tuesday, in what Seoul called a sign of Beijing’s readiness to improve ties. A South Korean presidential official linked the timing of the gesture to a recent summit between South Korean President Yoon Suk-yeol and Chinese President Xi Jinping. Chinese President Xi Jinping met with South Korean President Yoon Suk-yeol in Bali, Indonesia, November 15, 2022. Relations between South Korea and China have been frayed in recent years following the installation in South Korea of the THAAD system in 2017 to better counter North Korea’s evolving missile threats. China had argued that THAAD’s powerful radar could peer into its airspace, and reacted by sharply cutting trade and cultural imports with South Korea, in a major blow to bilateral ties.

☆ China resumes streaming South Korean content after six-year suspension
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

[1/2] Printed Chinese and South Korean flags are seen in this illustration, July 21, 2022. REUTERS/Dado Ruvic/IllustrationSEOUL, Nov 22 (Reuters) - A Chinese streaming platform has resumed distributing South Korean content after suspending it for nearly six years, South Korean officials said on Tuesday, in what Seoul called a sign of Beijing's readiness to improve ties. A South Korean presidential official linked the timing of the gesture to a recent summit between South Korean President Yoon Suk-yeol and Chinese President Xi Jinping. Relations between South Korea and China have been frayed in recent years following the installation in South Korea of the THAAD system in 2017 to better counter North Korea's evolving missile threats. China had argued that THAAD's powerful radar could peer into its airspace, and reactd by sharply cutting trade and cultural imports with South Korea, in a major blow to bilateral ties.

☆ Analysts are standing by these stocks with 'robust upside' ahead of Q3 earnings
▼ + stars: | 2022-10-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Earnings season is underway and Wall Street analysts are picking their favorite stocks to buy ahead of third quarter results. In addition, "capital allocation optionality provides sources of earnings upside," according to the firm. We could see EPS of ~$1 by 2030, and view the stock as undervalued given the growth and earnings potential. This shows the earnings potential of Pfizer beyond the loss of exclusivity of key drugs through the end of the decade. ... .Capital allocation optionality provides sources of earnings upside."

☆ Fire knocks out services at South Korea tech giants Kakao, Naver
▼ + stars: | 2022-10-15 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Oct 15 (Reuters) - A fire at a suburban data centre south of Seoul damaged servers of South Korea's major tech companies, Kakao Corp. (035720.KS) and Naver Corp. (035420.KS) on Saturday, causing extensive disruption to the country's dominant messenger service and internet portal. The fire at SK C&C (034730.KS) on Saturday afternoon affected the operations of companies including Kakao and Naver housed at the data centre in Pangyo, on Seoul's southern periphery, an SK official said. Kakao messenger and some affiliated services remained down more than eight hours after the fire broke out. Safety precautious were preventing Kakao from resuming power supplies to its data centre, Yonhap news agency reported. Kakao's messenger app Kakao Talk has more than 47 million active users in South Korea and 53 million globally, the company said in a report in August.

☆ A sports startup that has raised $13 million is building a metaverse app for Gen Z sports fans
▼ + stars: | 2022-10-11 | by ( Colin Salao | ) www.businessinsider.com time to read: +6 min

Stadium Live is a fan-engagement app that's focused on Gen Z sports fans. He thought those pillars could also engage Stadium Live's Gen Z users. Stadium Live closed in March a Series A round worth $10 million, bringing its total funding to around $13 million. Stadium Live StudiosNext, Stadium Live is adding more sports leagues and ways to monetizeMoving forward, Stadium Live plans to expand the number of sports that fans can follow. For users, Kim said the startup will experiment with adding premium items and memberships, potentially as soon as Q1 2023.

☆ S.Korea's Yoon says 'untrue' media reports damage alliance amid hot mic controversy
▼ + stars: | 2022-09-26 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

South Korean President Yoon Suk-yeol takes part in a wreath laying ceremony at the National War Memorial in Ottawa, Ontario, Canada September 23, 2022. REUTERS/Blair GableSEOUL, Sept 26 (Reuters) - South Korean President Yoon Suk-yeol said on Monday "untrue" media reports over his remarks threatened to damage relations with the United States after he was caught cursing on a hot mic during his visit to New York last week. read moreIn the highest profile controversy, Yoon was caught cursing on a hot mic as he left an event in New York on Wednesday after a brief chat with U.S. President Joe Biden. "What an embarrassment ... if these bastards refuse to approve it in parliament," Yoon told Foreign Minister Park Jin in a video aired by South Korean broadcasters, which went viral on social media. His press secretary, Kim Eun-hye, dismissed the allegations, saying Yoon was referring to the South Korean parliament without mentioning Biden.

☆ Tightening in focus as Singapore Aug inflation stays elevated
▼ + stars: | 2022-09-23 | by ( Chen Lin | ) www.reuters.com time to read: +2 min

The core inflation rate — the central bank's favoured price measure - rose to 5.1% in August on a year-on-year basis. Register now for FREE unlimited access to Reuters.com RegisterHeadline inflation rose to 7.5%, beating economists' forecast of 7.2%. Singapore's central bank has tightened its monetary policy three times this year, twice in surprise moves in January and July. It typically publishes two scheduled monetary policy statements a year, in April and October. The MAS' core inflation forecast for this year is between 3% and 4%, while headline inflation is expected to be between 5% and 6%.

☆ Gaffes, controversy overshadow S.Korea's Yoon trips to U.N., London
▼ + stars: | 2022-09-23 | by ( Hyonhee Shin | ) www.reuters.com time to read: +4 min

REUTERS/Amr AlfikySEOUL, Sept 23 (Reuters) - A series of gaffes and controversies is overshadowing South Korean President Yoon Suk-yeol's first major overseas tour, sending his ratings plunging and inviting scathing criticism from some lawmakers even within his own party. This week, Yoon visited London for the funeral of Queen Elizabeth and then New York in his first U.S. trip to attend the U.N. General Assembly, before arriving in Canada on Thursday. His press secretary, Kim Eun-hye, dismissed the accusation, saying Yoon was referring to the South Korean parliament without mentioning Biden. Yoon and Biden had planned informal talks in New York, but ended up having just a 48-second chat at the Global Fund. Yoon's office said that was a "Plan B" due to changes in Biden's schedule, and said they also met in London when Yoon raised the EV subsidies issue.

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☆ Kim Jong-un a slăbit, lumea speculează din nou că ar fi bolnav; Serviciile secrete spun că anul trecut avea 140 de kg
▼ + stars: | 2021-06-09 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: AFPKim Jong-un a slăbit, lumea speculează din nou că ar fi bolnav; Serviciile secrete spun că anul trecut avea 140 de kgLiderul nord-coreean, Kim Jong-un, a dat tonul la și mai multe speculații cu privire la sănătatea lui, pentru că fotografiile recente arată că a slăbit. Sănătatea lui Kim este o sursă frecventă de speculații. În 2014, a dispărut din atenția publică aproape șase săptămâni, după care a apărut cu un baston. După câteva zile serviciile secrete din Coreea de Sud au spus că suferise o intervenție chirurgicală pentru eliminarea unui chist de la gleznă. Un analist a declarat pentru NK News că este posibil ca liderul să fi decis să slăbească pentru a-și îmbunătăți imaginea.

Persons: AFP Kim Jong, Kim Jong, Kim Organizations: NK News Locations: coreean, Coreea de Sud, China, Coreea de Nord

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