Most of North Korea’s naval drills involving submarines in the past seven years took place in 2018, when the two Koreas held talks three times to defuse tensions, Rep. Han Ki-ho of the opposition People Power Party said Tuesday, citing the Joint Chiefs of Staff. The military found that the North deployed its submarines to rehearse attacks on the South about 150 times in 2018, the highest number since 2014, when such drills took place about 120 times. Excluding 2018 from 2015 to 2019, Pyon

Japan’s export restrictions on three key industrial materials critical for South Korea’s chip and display industries has had little impact against the target materials, but worsened overall trade between the two countries, a major business representation group here said Tuesday. Releasing an analysis, the Federation of Korean Industries urged Japan and its new Prime Minister Fumio Kishida to lift the export restrictions the country imposed against Korea in July 2019. According t

A garden has been created in Gapyeong, Gyeonggi Province, to honor Australian veterans who participated in the Battle of Gapyeong during the Korean War from April 22-25, 1951, and to pray for future peace. The creation of the garden on Thursday is in line with the opening of the Jaraseom Namdo flower garden, which has become a popular tourist attraction in Gapyeong.　 The Jaraseom Namdo flower became an attraction to experience the essence of autumn flowers for a month from Sept. 25 to Oct. 24.

The Danish Embassy, Keimyung University Dongsan Medical Center and Danish medical-tech firms on Thursday co-hosted the 2021 Health-Tech Workshop to boost cooperation on smart hospitals. According to the Danish Embassy, the workshop sought to enhance cooperation between Dongsan Medical Center, which will be upgraded into a smart hospital by 2025, and Danish companies specializing in health technology. The workshop presented Denmark’s Super Hospital project to transform 18 hospitals in the

GANDHI ANNIVERSARY – Surinder Bhagat, Deputy Chief of Mission at the Indian Embassy in Seoul delivers remarks on Gandhi’s thoughts and ideals in celebration of the 152nd anniversary his birth on Saturday. Gandhi was born on Oct. 2, 1869. (Embassy of India)

Finance Minister Hong Nam-ki came under fire during a parliamentary inspection on Tuesday for failing to stop the relentless rise in housing prices despite dozens of policy measures implemented in recent months. To address the nationwide outcry over soaring housing prices, the Moon Jae-in administration has introduced 26 sets of real estate policies. The latest centered on raising taxes on owners of multiple homes and rooting out property speculation. But there are signs these policies may ba

A potential South Korea-Japan summit may face further delays despite Monday’s election of Japan’s new Prime Minister Fumio Kishida, amid protracted rows over wartime history and trade. President Moon Jae-in held no summit with Kishida’s predecessor, Yoshihide Suga, during his one-year tenure. The two governments had sought to arrange a meeting between Moon and Suga on the occasions of multilateral events, including the G-7 summit in June and the Tokyo Olympics in July, but re

North Korea has continued its nuclear and ballistic missile programs this year, despite international sanctions and a dire economic situation exacerbated by the COVID-19 pandemic, according to a UN report on Tuesday. 　 A panel of experts monitoring sanctions on Pyongyang, in a report sent to the UN Security Council, said the North “continued to seek material and technology for these programs overseas.” 　 “Despite the country’s focus on its worsening economic travails, t

South Korea-based private equity firm Hahn & Co. is poised to cash in on 306.6 billion won ($258.1 million) from an initial public offering of a fully-owned secondhand car retailer K Car on Wednesday, according to a prospectus Tuesday. The deal is aimed at floating Hahn & Co.’s 25.5 percent stake, or 12.3 million shares, in K Car, plus 1.2 million new shares. The IPO price of K Car, which is valued at 1.2 trillion won, has been fixed at 25,000 won apiece. Hahn & Co.’s

The governments of Germany and Korea can set the right regulatory conditions and incentives to leverage the maximum amount of private investment into clean energy, German Ambassador to Korea Michael Reiffenstuel said at a Thursday webinar titled “KR-DE Road to 2050: Financing Clean Energy Transition.”  The event was co-hosted by the Embassy of Germany in Korea, Solutions for Our Climate, Climate Transparency and Rep. Lee So-young of the ruling Democratic Party of Korea. Accor

Seoul has measures to keep them off shoes, but people say it’s not enough

Rep. Noh Woong-rae criticizes MOU between Environment Ministry, Kakao, T Map on sharing information of electric car chargers