DIRS.INFO The most relevant business & tech news

Russia's President Vladimir Putin shakes hands with North Korea's leader Kim Jong Un during a meeting at the Vostochny Сosmodrome in the far eastern Amur region, Russia, September 13, 2023. DPRK is short for the Democratic People's Republic of Korea, North Korea's formal name. At the opening of the meeting with Putin, Kim said it was an unwavering position of the North to further develop its traditional friendship and ties with Russia. Russian media said Putin showed Kim around the building where Russia's new space launch rocket, the Angara, is assembled. Humanitarian aid to North Korea and U.N. Security Council resolutions imposed on Pyongyang may also be discussed, Russian officials have said.

Persons: Vladimir Putin, North, Kim Jong Un, Vladimir Smirnov, Kim, Putin, Kim Jong, Moscow, Dmitry Peskov, Peskov, KCNA, Jo Chun Ryong, Hyunsu Yim, Josh Smith, Soo, hyang Choi, Lidia Kelly, Guy Faulconbridge, Jack Kim, Gerry Doyle Organizations: Sputnik, REUTERS Acquire, North, DPRK, Democratic People's, Russia, Kremlin, Vostochny, Munitions Industry, Thomson Locations: Amur, Russia, North Korea, South Korea, MOSCOW, SEOUL, Washington, Democratic People's Republic of Korea, North, Moscow, Ukraine, Pyongyang, Vostochny Cosmodrome, Russia's, South, United States, Korea, Seoul, Tokyo, Melbourne

☆ How could Russia help North Korea build a satellite?
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +4 min

The unprecedented visit comes as North Korea seeks to put its first spy satellite into orbit, an effort that has seen two failed attempts this year. Here's what we know about North Korea's race for space, why it's so controversial, and how Russia might help:WHY DOES NORTH KOREA WANT A SATELLITE? Seoul said the satellite had little military value, though analysts said any working satellite in space would provide North Korea with better intelligence on its enemies. At the time of the 2016 space launch, North Korea had yet to fire an intercontinental ballistic missile (ICBM). "Any form of satellite technology transfers or coordination between Russia and North Korea could be against international sanctions," he said.

Persons: Vladimir Putin, Kim Jong, Mikhail Metzel, Kim Jong Un, Kim, Pyongyang’s, Brian Weeden, Putin's, Lee Choon Geun, Lee, Josh Smith, Gerry Doyle Organizations: Sputnik, REUTERS Acquire, Rights, North Korean, TASS, Secure, Foundation, United Nations, North, Vostochny, Korea's Science, Technology Policy Institute, Thomson Locations: Amur, Russia, Kremlin, Rights SEOUL, Pyongyang, Korea, North, North Korea, South Korea, Seoul, U.S, United States

☆ Inside North Korean leader Kim Jong Un's armoured train
▼ + stars: | 2023-09-12 | by ( Ju-Min Park | ) www.reuters.com time to read: +4 min

North Korean leader Kim Jong Un waves from a private train as he departs Pyongyang, North Korea, to visit Russia, September 10, 2023, in this image released by North Korea's Korean Central News Agency on September 12, 2023. It is unclear how many trains North Korean leaders have used over the years, but Ahn Byung-min, a South Korean expert on North Korean transportation, said multiple trains were needed for security reasons. "Even if it is slow, train is safer and more comfortable than anything else for a North Korean leader," Ahn said. In the 2002 book "Orient Express", Russian official Konstantin Pulikovsky described a three-week journey to Moscow by Kim Jong Il, Kim Jong Un's father and predecessor. The wheels of Kim Jong Un's train must be changed in Russia or a North Korean station bordering Russia, because the two countries use different rail gauges, Ahn said.

Persons: Kim Jong, Kim, Putin, Ahn Byung, Ahn, " Ahn, Konstantin Pulikovsky, Kim Jong Il, Georgy Toloraya, Toloraya, Kim Il Sung, Kim's, Kim family's, Josh Smith, Gerry Doyle Organizations: North, Korean Central News Agency, KCNA, REUTERS Acquire, Rights, NK News, WHO, THE, Thomson Locations: Pyongyang, North Korea, Russia, Rights SEOUL, China, Vietnam, Korean, North Korean, Moscow, Bordeaux, Beaujolais, Paris, Russian, Koreans

☆ Explainer-Inside North Korean Leader Kim Jong Un's Armoured Train
▼ + stars: | 2023-09-12 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +3 min

It is unclear how many trains North Korean leaders have used over the years, but Ahn Byung-min, a South Korean expert on North Korean transportation, said multiple trains were needed for security reasons. "Even if it is slow, train is safer and more comfortable than anything else for a North Korean leader," Ahn said. In the 2002 book "Orient Express", Russian official Konstantin Pulikovsky described a three-week journey to Moscow by Kim Jong Il, Kim Jong Un's father and predecessor. The wheels of Kim Jong Un's train must be changed in Russia or a North Korean station bordering Russia, because the two countries use different rail gauges, Ahn said. The train was "a sweet home and an office," for Kim Jong Il, state television has said.

Persons: Kim Jong, Kim, Putin, Ahn Byung, Ahn, " Ahn, Konstantin Pulikovsky, Kim Jong Il, Georgy Toloraya, Toloraya, Kim Il Sung, Kim's, Kim family's, Josh Smith, Gerry Doyle Organizations: North, NK News, WHO, THE Locations: SEOUL, Russia, China, Vietnam, Korean, North Korean, Moscow, Bordeaux, Beaujolais, Paris, Russian, North Korea, Koreans

☆ With Putin and Kim Jong Un set to meet, the West fears what Russia and North Korea are planning
▼ + stars: | 2023-09-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +9 min

Russian President Vladimir Putin, right, and North Korea's leader Kim Jong Un shake hands during their meeting in Vladivostok, Russia, Thursday, April 25, 2019. Alexander Zemlianichenko | Pool | APThe leaders of North Korea and Russia are scheduled to meet this week, with deepening military, economic and geopolitical cooperation on the official agenda. There are also fears about what Moscow might offer the economically isolated and heavily sanctioned North Korea in return. A fire assault drill by North Korean rocket artillery units at an undisclosed location in North Korea in March 2023 in this photo released by North Korea's Korean Central News Agency (KCNA). For their part, Russia and North Korea have both denied claims of alleged arms dealing.

Persons: Vladimir Putin, Kim Jong, Alexander Zemlianichenko, Kim Yong Un, Putin, Pat Ryder, Edward Howell, Kim Jong Un, Kim Ju, Howell, scot, Dmitry Peskov, Kim, Peskov, It's, —, Pyongyang's, Jung Yeon, Victor Cha, Andrius Tursa, Sergei Shoigu's, John Kirby, Wagner, Vladimir Putin grimaces Organizations: White, North, Pentagon, Ukraine, North Korean, Korean Central News Agency, Reuters, UN, North Korea —, Oxford University, CNBC, North Korea's Central News Agency, Kcna, Nuclear Weapons, UN Security Council, Kremlin, Getty, Eastern Economic, U.S, U.S . National Security, Zvezda Shipbuilding, Bolshoi Kamen Locations: Vladivostok, Russia, North Korea, Russian, Korea, Pyongyang, Ukraine, Moscow, Korean, Pakistan, Syria, Libya, North Korea's, London, Washington, Japan, South Korea, U.S, Bolshoi

While China has sent a delegation led by Vice Premier Liu Guozhong to the North Korea's anniversary celebrations, Russia sent a military song and dance group. KCNA said Kim received letters from Putin and Chinese President Xi Jinping on the anniversary, where both leaders said that their countries’ strengthening ties with North Korea would contribute to the region’s peace and stability. State media did not mention whether Kim made a speech during the parade, indicating that he likely didn't. A day before the parade, Kim took Shoigu on a tour of a domestic arms exhibition, which demonstrated North Korea’s support for Russia’s invasion of Ukraine and added to suspicions the North was willing to supply arms to Russia. In exchange for providing Russia with artillery shells and other ammunition, North Korea could seek badly needed energy and food aid and advanced weapons technologies, analysts say.

Persons: Kim Jong, Kim, Vladimir Putin, Liu Guozhong, Putin, KCNA, Xi Jinping, Kim Il, —, Liu, United States ’, Sergei Shoigu, Li Hongzhong Organizations: North, Washington, Guards, Red Guards, Analysts, United, Russian Defense, Communist Party Locations: SEOUL, South Korea, North Korea, Moscow, Beijing, Washington, Pyongyang, Russia, Ukraine, China, Kim, Vladivostok, Korea, Koreans, United States, Japan, Seoul, Tokyo

☆ Kim Jong Un and his daughter celebrate North Korea's 75th. Xi and Putin send their regards
▼ + stars: | 2023-09-08 | by ( Gawon Bae | ) edition.cnn.com time to read: +1 min

Seoul, South Korea CNN —Kim Jong Un attended a “paramilitary parade” with his daughter to mark the 75th anniversary of North Korea’s founding on Saturday, the country’s state media have reported. Paramilitary forces and industrial workers marched down Kim Il Sung Square in Pyongyang as part of the parade, the Korean Central News Agency reported. Kim attended the parade with his daughter, who is believed to be called Kim Ju Ae, and received congratulatory letters from China’s Xi Jinping and Russia’s Vladimir Putin, according to KCNA. Kim Jong Un attends the parade marking the 75th anniversary of the founding of North Korea on September 9, 2023. In Xi’s letter, according to KCNA, the Chinese leader said his country was “ready to strengthen the strategic communication, deepen the working-level cooperation and promote the China-DPRK relations” with Pyongyang.

Persons: South Korea CNN — Kim Jong Un, Kim Il, Kim, Kim Ju, China’s Xi, Russia’s Vladimir Putin, Liu Guozhong, Alexandrov, KCNA, Kim Jong Un, ”, ” Putin Organizations: South Korea CNN, Paramilitary, Korean Central News Agency, Russian Army, North, REUTERS Locations: Seoul, South Korea, Pyongyang, North Korea, Northeast Asia, China

☆ Kim Jong Un feasted at a lavish banquet with gaudy lighting and a showstopping scale model of a nuclear missile
▼ + stars: | 2023-08-31 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

North Korean media released a video showing Kim Jong Un at a lavish banquet on Sunday. Four different moments of Kim Jong-Un and his daughter at a banquet table on August, 27, 2023. Kim Yo Jong was identified by NK News as the woman in a jacket standing center of picture, facing Kim Jong Un, below. A row of sailors look joyful as they serenade Kim Jong Un at a banquet in Pyongyang on August 27, 2023. A general view of the banquet in Pyongyang on August 27, 2023, attended by Kim Jong Un.

Persons: Kim Jong, Kim, Ri Sol Ju, Kim Ju, Kim Jong Un, Ri, —, Kim Ju Ae, Kim's, Kim Yo Jong Organizations: Navy, Service, NK News, North Korea's, Air Koryo, DPRK NK News, Guardian Locations: Wall, Silicon, North, Pyongyang, DPRK, North Korea, Koryo, Serrano

☆ UK business optimism at 18-month high on hopes for rate hike pause
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

Workers walk through the Canary Wharf financial district, ahead of a Bank of England decision on interest rate changes, in London, Britain, August 3, 2023. Contrasting with signs of an economic slowdown in other recent surveys, the Lloyds Bank Business Barometer measure of confidence jumped by 10 points in August to 41%, its highest since February 2022. "The bounce in economic optimism this month is the stand-out point," Hann-Ju Ho, senior economist at Lloyds Bank, said. The BoE raised rates for the 14th time in a row this month to counter an inflation rate running at almost 7%. Investors mostly expect the Bank Rate to peak this year at 5.75%, up from its current level of 5.25%.

Persons: Toby Melville, " Hann, Ju Ho, BoE, William Schomberg, Bernadette Baum Organizations: Bank of, REUTERS, Bank of England, Lloyds Bank, Lloyds, Thomson Locations: Bank of England, London, Britain, Ukraine

☆ Gov. Ron DeSantis, known for pro-gun and 'anti-woke' policies, booed at vigil for Black Jacksonville shooting victims
▼ + stars: | 2023-08-28 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

A white gunman fatally shot three Black people in a racially motivated attack on Saturday. Ron DeSantis was booed at a vigil for the Jacksonville shooting victims. Ron DeSantis was booed and heckled on Sunday evening at a vigil for three people killed in a racially motivated mass shooting in the city of Jacksonville. Rudolph McKissick, senior pastor of the Bethel Church in Jacksonville, told AP that he believed DeSantis' policies had contributed to the division that led to the shooting. The shooting is the latest racially motivated attack against Black people, following the shooting in Buffalo, New York last year, and another at a church in Charleston, South Carolina in 2015.Insider has contacted DeSantis' team for comment.

Persons: Ron DeSantis, Councilwoman Ju'Coby Pittman, finna, Glock, Rudolph McKissick, DeSantis, McKissick, Angie Nixon Organizations: . Florida Gov, Jacksonville, Service, Police, Associated Press, New York Times, Bethel Church, AP, Republican, Jacksonville Democrat Locations: Wall, Silicon, Florida, Jacksonville, Bethel, Buffalo , New York, Charleston , South Carolina

☆ South Korea's Doosan Robotics opens books for $318 mln IPO
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Aug 28 (Reuters) - South Korea's Doosan Robotics Inc has opened the books on an up to $318 million initial public offering, according to a company filing. Through the IPO, the company is seeking to raise up to 421.2 billion won ($318.3 million), with its market capitalisation expected to be up to 1.69 trillion won. The international bookbuilding will run from Aug. 28 to Sept. 15, while the domestic book will be open Sept. 11-15, Doosan Robotics' regulatory filing said. The company received approval for the IPO from the Korean bourse earlier this month. ($1 = 1,323.2200 won)Reporting by Ju-min Park; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: 1,323.2200, Stephen Coates Organizations: Korea's Doosan Robotics Inc, Doosan Robotics, underwriters, Korea Investment & Securities, Mirae Asset Securities, bourse, Thomson Locations: SEOUL, Korean

☆ Indonesia is moving its capital from Jakarta to Nusantara. Here's why it won't be so easy
▼ + stars: | 2023-08-28 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +9 min

Adek Berry | Afp | Getty ImagesIndonesia has ambitious plans to relocate its capital from Jakarta to Nusantara in East Kalimantan. Nusantara National Capital Authority, a government agency charged with planning and constructing the new capital, did not immediately respond to CNBC's request for comment. The new Presidential Palace under construction at the country's new capital Nusantara. Bloomberg | Bloomberg | Getty ImagesA lack of demand for service-led jobs is another challenge Archer predicted. Bloomberg | Bloomberg | Getty Images

Persons: Adek Berry, Joko Widodo's, Melinda Martinus, Martinus, Ju Ye Lee, Bagus Saragih, Agung Wicaksono, it's, Wicaksono, Bruno Lanvin, Joko Widodo, Diane Archer, Archer, Lanvin, Maybank's Lee Organizations: Nusantara, Afp, Getty, Indonesia, Cultural Affairs, Yusof, CNBC, Nusantara National Capital Authority, country's Ministry, Public, Agung Wicaksono Nusantara National Capital Authority, Maybank Investment Banking Group, Smart, IMD Business School, Bloomberg, Ciputra, Stockholm Environment Institute, Nusantara . Bloomberg Locations: Jakarta, Nusantara, East Kalimantan, Indonesian, Indonesia, Singapore, Agung Wicaksono, Asia, Pacific, Nusantara ., Stockholm, Diane Archer Stockholm, Kalimantan

☆ Ron DeSantis leaves campaign trail and returns to Florida amid crises
▼ + stars: | 2023-08-27 | by ( Steve Contorno | ) edition.cnn.com time to read: +7 min

Ron DeSantis left the campaign trail Sunday and returned to his state to navigate the crises. Before speaking on the storm, DeSantis read a statement addressing the attack at a Dollar General store in Jacksonville. DeSantis’ return to Florida to manage two high-profile crises comes as he has intensified his criticism of President Joe Biden’s response to the Maui wildfires. “As somebody that’s handled disasters in Florida, you’ve got to be activated. DeSantis was elected in the aftermath of Hurricane Michael, a powerful, destructive storm that ripped through the Florida panhandle.

Persons: Ron DeSantis, DeSantis, Idalia, ”, “, ” DeSantis, Donald Trump, we’re, Jeff Duncan’s, Casey, Bryan Griffin, Joe Biden’s, Biden, “ Biden, that’s, you’ve, You’ve, rallys, Carlos Guillermo Smith, Councilwoman Ju’Coby Pittman, Hurricane Michael, Ian Organizations: CNN, Republican, GOP, South Carolina Rep, Faith, National Hurricane Center, Hawkeye State, Jacksonville Locations: Gulf of Mexico, Florida’s, Tallahassee, Jacksonville, Florida, South Carolina, Cuba, Mexico, of Mexico, Iowa, Milwaukee, Georgia, Orlando, Israel, Hurricane, DeSantis

☆ South Korea's Naver launches generative AI services
▼ + stars: | 2023-08-24 | by ( Ju-Min Park | ) www.reuters.com time to read: +2 min

Naver said its AI product, named HyperCLOVA X, will provide generative AI-driven searches for users as well as new customised services for enterprise clients. Naver has said it is jointly developing with Samsung Electronics (005930.KS) new chip solutions that will be smaller and more efficient to support its AI technology development. The company plans to open a new data centre for the HyperCLOVA X services in November, Naver said on Thursday. "We are ready to face a new transformation called generative AI," Naver Chief Executive Choi Soo-yeon said. Choi said the company was in talks with global partners about its new AI services' overseas expansion but it was not ready to identify those partners.

Persons: Heo, OpenAI's ChatGPT, Naver, HyperCLOVA, Choi Soo, Choi, Miyoung Kim, Sam Holmes Organizations: REUTERS, Rights, Samsung Electronics, Microsoft, Google, U.S, Thomson Locations: Seongnam, South Korea, Rights SEOUL, Seoul, Japan, Southeast Asia

SEOUL, Aug 24 (Reuters) - North Korea appears to have made progress in its space program, despite a second rocket failure on Thursday, but its unusually quick launch pace may be causing problems, analysts said. North Korea's second attempt to place a spy satellite in orbit failed after the booster experienced a problem with its third stage, state media reported. South Korea scheduled nearly a year between each of the three launches of its new Nuri rocket, none of which failed as spectacularly as the North Korean attempts. North Korea plans to launch the Chollima-1 three times in less than six months. "I am not sure if North Korean leadership knows the characteristics of large-scale science," he said.

Persons: Jeffrey Lewis, James Martin, Chang Young, Kim Jong, Yang Uk, Nuri, Yang Moo, Kim, Lee Choon, Hyonhee Shin, hyang Choi, Josh Smith, Gerry Doyle Organizations: James, James Martin Center, Nonproliferation, Korea Aerospace University, Asan Institute, Policy Studies, University of North Korean Studies, South Korea's Science, Technology Policy Institute, Thomson Locations: SEOUL, North Korea, South Korea, Pyongyang, Seoul, Korea, Korean

☆ South Korea to hold first nationwide defence drills in 6 years amid North threats
▼ + stars: | 2023-08-23 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

South Korean soldiers with 20mm vulcan cannon take part in an anti-drone drill in Yangju, South Korea, in this handout picture provided by the South Korean Defence Ministry on December 29, 2022. The South Korean Defence Ministry/Handout via REUTERS/File Photo Acquire Licensing RightsSEOUL, Aug 23 (Reuters) - South Korea is set to hold its first nationwide air defence drills in six years on Wednesday amid North Korea's growing nuclear and missile threats, with pedestrians required to take shelter and drivers asked to pull over in some areas. The drills are a key element of the annual Ulchi civil defence exercises, held alongside the Ulchi Freedom Shield drills, which South Korean and U.S. troops began on Monday, to improve responses to a North Korean attack or other contingencies. The Ulchi civil defence exercises were launched in 1969 in the wake of a raid by North Korean commandos into the presidential compound in Seoul. But the air defence training has not taken place since 2017.

Persons: Hyonhee Shin, Gerry Doyle Organizations: South Korean Defence Ministry, REUTERS, Rights, South Korean, North Korean, Thomson Locations: Yangju, South Korea, Rights SEOUL, U.S, Korean, Seoul, North Korea

China is dominant in magnets and the rare earth metals they are made from. Magnet makers are also drawn to Vietnam by low labour costs and market access afforded by multiple free-trade deals. It said it sources most of its rare earths from China but is seeking alternative sources in Vietnam and Australia and plans to develop a processing facility in Vietnam. A similar request from clients prompted another Chinese magnet maker, Magsound, to decide to open a factory in Vietnam in the first half of next year, the two people said. In April, Australia's Strategic Materials (ASM.AX) signed a deal with a Vietnamese refiner that committed to supplying rare earths for export to South Korea.

Persons: David Merriman, China's Luxshare, Taiwan's Foxconn, Magsound, Japan's Shin, Obayashi, Francesco Guarascio, Khanh Vu, Mai Nguyen, Christopher Cushing Organizations: Apple, Sino, Korea's Star, Industrial, SGI, U.S . Department of Energy, South, Reuters, VinFast, Hyundai, China's, Luxshare, Thomson Locations: China, HANOI, SEOUL, Vietnam, U.S, South Korea, Washington, Beijing, Australia, Hanoi

☆ South Korea will cooperate more with US, Japan if North's threats continue
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] U.S. President Joe Biden holds a joint press conference with Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol during the trilateral summit at Camp David near Thurmont, Maryland, U.S., August 18, 2023. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsSEOUL, Aug 21 (Reuters) - South Korean President Yoon Suk Yeol said on Monday trilateral cooperation with the United States and Japan will grow stronger if North Korea's threats increase. The summit at the Camp David presidential retreat was the first standalone meeting between the U.S. and Japan and South Korea, as they seek to project unity in the face of China's growing power and nuclear threats from North Korea. Yoon said the trilateral cooperation did not exclude other countries, and that it would contribute to freedom, peace and prosperity in the region and the world. Reporting by Soo-hyang Choi, Ju-min Park and Jihoon Lee; Editing by Christian Schmollinger and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Fumio Kishida, Yoon Suk, Camp David, Jim Bourg, Yoon Suk Yeol, Yoon, Soo, hyang Choi, Jihoon Lee, Christian Schmollinger, Stephen Coates Organizations: Japanese, South, REUTERS, Rights, U.S, Camp, Thomson Locations: Camp, Thurmont , Maryland, U.S, Rights SEOUL, United States, Japan, South Korea, Britain, Australia, India, North Korea

☆ North Korean hackers target U.S.-South Korea military drills, police say
▼ + stars: | 2023-08-20 | by ( Ju-Min Park | ) www.reuters.com time to read: +1 min

SEOUL, Aug 20 (Reuters) - Suspected North Korean hackers have targeted a joint U.S.-South Korea military exercise being held this week though classified information has not been compromised, South Korean police said on Sunday. South Korean and U.S. forces will on Monday begin 11-day Ulchi Freedom Guardian summer exercises to improve their ability to respond to North Korea's evolving nuclear and missile threats. North Korea objects to such exercises saying they are preparations by the U.S. and its South Korean ally for an invasion of it. North Korea has previously denied any role in cyberattacks. At that time, South Korea accused North Korea of being behind that cyberattack.

Persons: Josh Smith, Robert Birsel Organizations: Guardian, U.S, South, Gyeonggi Nambu Provincial Police Agency, South Korean, Thomson Locations: SEOUL, U.S, Korea, North Korea, Korean, South Korea, Gyeonggi, cyberattacks

☆ North Korea slams UN human rights meeting as a US 'scheme'
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +2 min

The U.N. Security Council discussed human rights abuses in North Korea on Thursday, with the U.S. ambassador criticising leader Kim Jong Un for using "repression and cruelty" to develop nuclear weapons and missiles. U.S. President Joe Biden and the leaders of South Korea and Japan agreed at Camp David on Friday to deepen military and economic cooperation, facing China's growing power and nuclear threats from North Korea. China, North Korea's major ally, opposed the meeting of the 15-member council on abuses in North Korea but it did not attempt to block it. "We will never tolerate the U.S. and its followers' anti-(North Korea) 'human rights' slander scheme, and will defend the sovereignty of the state, the socialist system and security interests," North Korea's KCNA quoted as an unnamed spokesperson from the country's human rights think tank as saying. North Korea said on Wednesday an American soldier, Travis King who crossed into North Korea last month, had fled racism and abuse in America.

Persons: Kim Hong, Kim Jong, Joe Biden, David, KCNA, Travis King, William Mallard Organizations: REUTERS, Rights, . Security, U.S, Korean, Thomson Locations: Gijungdong, North Korea, Panmunjom, South Korea, Rights SEOUL, Nations, United States, Pyongyang, Japan, China, North, America

KCNA via Acquire Licensing Rights Read moreSEOUL, Aug 17 (Reuters) - North Korea may launch an intercontinental ballistic missile or take other military action to protest a summit between the United States, South Korea and Japan, a South Korean lawmaker said on Thursday, citing the country's intelligence agency. North Korea has criticised deepening military cooperation among the three nations as part of a dangerous prelude to the creation of an "Asian version of NATO". Yoo said there was a chance the North would launch the satellite to celebrate its founding anniversary on Sept. 9. North Korean leader Kim Jong Un has made it a priority to conduct a launch during the second half of this year, Yoo noted. The United States has accused North Korea of providing weapons to Russia for its war in Ukraine, which it calls a "special operation", including artillery shells, shoulder-fired rockets and missiles.

Persons: Kim Jong Un, Kim Ju, Joe Biden, Camp David, Yoon Suk Yeol, Fumio Kishida, Yoo Sang, Yoo, Kim Jong, Kim, hyang Choi, Edmund Klamann, Gerry Doyle Organizations: North, Korean Central News Agency, KCNA, South, Camp, South Korean, NATO, National Intelligence Service, United, Thomson Locations: Pyongyang, North Korea, SEOUL, United States, South Korea, Japan, South Korean, Seoul, Tokyo, Russia, Ukraine, Moscow

☆ Samsung Elec has more than halved its stake in ASML, filings show
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

A worker waters a flower bed next to the logo of Samsung Electronics during a media tour at Samsung Electronics' headquarters in Suwon, South Korea, June 13, 2023. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Aug 16 (Reuters) - South Korea's Samsung Electronics (005930.KS) has reduced its stake in semiconductor manufacturing equipment maker ASML (ASML.AS) by more than a half, its recent filings showed. Samsung held 2.75 million shares in the Dutch company as of end-June, the South Korean tech giant said in its semi-annual report, down from 6.3 million shares in its first quarter report. The stake that Samsung sold is worth around 2.1 billion euros ($2.29 billion) based on the latest share prices. A Samsung Elec spokesperson confirmed the stake sale but did not elaborate.

Persons: Kim Hong, Heekyong Yang, Jason Neely Organizations: Samsung Electronics, REUTERS, Rights, Samsung, South, Thomson Locations: Suwon, South Korea, Rights SEOUL

Total refinery throughput in the world's second-largest oil consumer was 63.13 million metric tons last month, data from the National Bureau of Statistics (NBS) showed. Production was up slightly from the 14.83 million bpd of oil processed in June. Domestic fuel demand has picked up with the arrival of the summer travel season, notably in gasoline and jet fuel. China's crude oil imports in July pared back from close-to-record levels during the previous month, totalling 43.7 million metric tons, or 10.3 million bpd, according to the customs data. The NBS data on Tuesday also showed China's domestic crude oil production in July was 17.31 million metric tons, or 4.1 million bpd, versus 17.13 million metric tons in 2022.

Persons: Dominique Patton, refiners, Production, Andrew Hayley, Jacqueline Wong Organizations: Shandong Haiyou Petrochemical Group, REUTERS, National Bureau of Statistics, Reuters, Zhuochuang, Thomson Locations: Shandong, county, Shandong province, China, BEIJING

☆ How the World Scout Jamboree descended into chaos in South Korea
▼ + stars: | 2023-08-09 | by ( Ju-Min Park | ) www.reuters.com time to read: +5 min

These were some of the conditions that about 40,000 teenage scouts had to contend with in the past week at the World Scout Jamboree, sending red-faced organisers in South Korea scrambling to fix matters before a looming typhoon forced everyone to leave the ill-fated campsite. As far back as 2017, when South Korea won the bid to host the jamboree, the campsite on reclaimed mud flats was seen as potentially problematic, according to a Reuters review of publicly available government reports. Matt Hyde, UK Scouts' chief executive, told Reuters the group decided to withdraw its contingent - the event's biggest - because toilets weren't being cleaned, rubbish was building up, and scouts weren't getting enough food. [1/5]Participants who left the camping site of the 25th World Scout Jamboree, arrive at a university in Incheon, South Korea, August 8, 2023. "South Korea has been known as a developed country so who would have thought that this country can't fix issues like bugs or toilets?"

Persons: Matt Hyde, weren't, Kim Soo, Kim Hyun, Hong Ki Yong, Josh Smith, Miral Organizations: South, FIFA, South Korea, Saemangeum Development, Investment Agency, Scouts, Reuters, REUTERS, WHO, University of Incheon, Thomson Locations: SEOUL, South Korea, West Virginia, North Jeolla, Incheon, Korea's, Busan, Korea

☆ South Korea evacuates thousands of scouts ahead of typhoon
▼ + stars: | 2023-08-08 | by ( Hyunsu Yim | ) www.reuters.com time to read: +3 min

[1/5] Participants gather under the shade as they prepare to leave the camping site of the 25th World Scout Jamboree in Buan, South Korea, August 8, 2023. REUTERS/Kim Hong-JiBUAN, South Korea, Aug 8 (Reuters) - South Korea on Tuesday started evacuating thousands of teenage participants at the World Scout Jamboree from a campsite in the southwest of the country to safer areas mainly around the capital Seoul ahead of an approaching typhoon. Typhoon Khanun, which has already wreaked havoc in southern Japan, is expected to hit southern areas of South Korea on Thursday before tracking up the peninsula, bringing strong winds and rain, according to weather forecasters. Seoul and its surrounding province of Gyeonggi would host more than 16,000 scouts, with others fanning out to six other areas of South Korea, he said. Poland is due to host the next World Scout Jamboree in 2027, but President Andrzej Duda cancelled plans to visit the event in South Korea this week due to the typhoon, an official at the Polish Embassy in Seoul said.

Persons: Kim Hong, Ji BUAN, Khanun, Lee Sang, Ahmad Alhendawi, Yoon Suk, Andrzej Duda, Hyunsu Yim, Hyun Young Yi, Ed Davies, Sonali Paul Organizations: REUTERS, Tuesday, UK Scouts, Reuters, World Organization of, Scout Movement, Polish Embassy, Games, Japan, South Korean, Thomson Locations: Buan, South Korea, Seoul, Japan, Gyeonggi, Poland, Polish, Busan

Search resuls for: "ju"

25 mentions found