News Analysis With China’s sharp economic slowdown, South Korea worries that its export industry—including semiconductor, steel, and other major industries that rely heavily on the Chinese market—will suffer a huge setback. Data released by the Korea International Trade Association (KITA) on Jan. 18 reveal that South Korea’s 2021 exports to China amounted to $162.9 billion,…
China’s Economic Slowdown Affects South Korea’s Major Industries
January 27, 2022
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North Korea Fires 2 Suspected Ballistic Missiles, Sixth Launch This Month: Officials
North Korea on Thursday morning launched what appeared to be two ballistic missiles off its east coast, the militaries of South Korea and Japan said, marking the nuclear-armed regime’s sixth round of weapons launches this month. Two likely ballistic missiles were launched at about 8 a.m. local time from near Hamhung, North Korea’s second largest…
Seoul Says Investigating 2 Likely Cruise Missiles in Fifth North Korean Launch This Month
The North Korean regime fired two apparent cruise missiles on Tuesday, South Korea’s military said, marking the fifth reported missile launch this month. The Joint Chiefs of Staff stated that the missiles were launched into the east sea on Tuesday, but it has not yet been able to provide any specifics because the launch is…
Man Who Poached $150,000 Worth of Plants Sentenced to 2 Years
January 20, 2022
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LOS ANGELES—A South Korean national who was extradited to Los Angeles to face federal charges was sentenced to 24 months behind bars on Jan. 20 for trying to illegally export thousands of lotus-like succulents—worth more than $150,000, according to the U.S. Attorney’s Office—that he and two others pulled out of the ground at remote state…
South Korea Signs Missile System Export Deal With UAE Amid Stronger Cooperation
South Korea on Sunday signed a preliminary deal with the United Arab Emirates (UAE) to sell Seoul’s mid-range surface-to-air missiles worth 4 trillion won ($3.36 billion), as both countries seek to strengthen cooperation, according to local media. Seoul is set to export its Cheongung II missile system to the UAE in what is believed to…
Japan, South Korea, US Hold Talks as North Korea Confirms Tactical Guided Missiles Test
Japan, South Korea, and the United States held trilateral talks on Monday to discuss countermeasures to North Korea’s “series” of ballistic missile launches—the fourth already this month. During the call, U.S. special envoy for North Korea Sung Kim expressed America’s concern over “the latest in a series of ballistic missile launches by the DPRK this month,” U.S….
South Koreans Rank the US Highest in Trustworthiness, China Lowest
A recent survey in South Korea showed that when it comes to trustworthiness, people put the United States at the top of the list and China at the bottom, indicating that most South Koreans want the county’s foreign policy to be centered around the United States instead of China. This year marks the 30th year since…
South Korea to Deploy Pfizer COVID-19 Pills; Authorizes Novavax Vaccine
SEOUL—South Korea authorized the use of Novavax Inc.’s vaccine on Wednesday and will begin treating coronavirus patients with Pfizer’s antiviral pills on Friday. Some 630,000 of Pfizer’s Paxlovid pills, enough for 21,000 people, arrived on Thursday to be distributed to 280 pharmacies and 90 residential treatment centers, the Korea Disease Control and Prevention Agency (KDCA)…
China, Philippines Halt Canadian Beef Imports After Discovery of ‘Atypical’ BSE Case
January 12, 2022
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CALGARY—A cattle industry group says it is hopeful a newly imposed import ban on Canadian beef by China and two other Asian countries will be temporary. The Canadian Cattlemen’s Association confirmed Tuesday that China—which imports approximately $170 million of Canadian beef annually, making it the industry’s third-largest global market—has halted imports of beef from Canada…
Apple Submits Plans to Allow Alternative Payment Systems in South Korea: Regulator
SEOUL—South Korea’s telecommunications regulator said on Tuesday Apple Inc. had submitted plans to allow third-party payment systems on its App Store to comply with a law banning major app store operators from forcing software developers to use their payments systems. The Korea Communications Commission (KCC) had requested Apple and Alphabet’s Google to submit compliance plans…
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