The Indonesian government will gradually allow the resumption of coal shipments, with 14 vessels loaded with coal permitted to leave the port on Monday, a senior minister said, amid pressure from major buyers to revoke the country’s ban on coal exports. Indonesia imposed a month-long ban on coal exports on Jan. 1, due to insufficient…
Indonesia Resumes Coal Exports Amid Pressure From Philippines, Japan, South Korea to Lift Ban
North Korea Launched ‘Unidentified Projectile’ Off Its East Coast, Says South Korea
North Korea on Tuesday launched an unidentified projectile off its east coast, the militaries of South Korea and Japan said, marking a second report of a missile launch in under a week. Less than a week after North Korea fired what it claimed to be a “hypersonic” missile, South Korea’s Joint Chiefs of Staff (JCS)…
South Korean Food Companies Join Forces to Sue Chinese Copycats
January 9, 2022
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China is infamous for its rampant “copycat” culture. Counterfeit and knockoff products continue to dominate China’s domestic markets despite the ongoing CCP (Chinese Communist Party) virus pandemic. Being fed up with losses, several South Korean food producers have recently joined forces to address the growing distribution of counterfeit products in China. According to Korea Bizwire,…
South Korea’s Consumer Price Index Rising at Record Pace Due to Heavy Reliance on Imports From China
January 8, 2022
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China’s rising raw material costs are driving up the prices of consumer goods in South Korea, said the Bank of Korea. According to a Yonhap News Agency report citing the Bank of Korea, China’s soaring producer price index and export prices driven by its rising raw material costs are adding to South Korea’s inflation pressures,…
Pardoning Jailed Ex-President Aimed To Impact The Upcoming South Korean Presidential Race: Analysts
January 6, 2022
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New Analysis Former South Korean President Park Geun-hye was set free on Dec. 31, 2021, after serving four years and nine months in prison, following her corruption conviction being pardoned by the government last week. Park was the first female president of South Korea and the daughter of former President Park Chung-hee. Four years ago,…
North Korea Fires Possible Ballistic Missile Into Sea After Kim Jong-Un Vows to Bolster Military Capabilities
North Korea fired a possible ballistic missile off its east coast on early Wednesday, authorities in Japan and South Korea said, just a week after its leader Kim Jong-un vowed to bolster North Korea’s military capabilities amid the instability on the Korean Peninsula. The Japanese Ministry of Defense said in a statement that a possible…
South Korea Says Man Who Crossed Armed Border Is Previous Defector From North Korea
South Korea’s Defense Ministry on Monday said that the man spotted crossing the eastern inter-Korean border into North Korea on Sunday is presumed to be a North Korean defector who previously entered South Korea via the same route. On Sunday, the Joint Chiefs of Staff (JCS) said that an unidentified person was spotted crossing the…
South Korea’s Moon Jae-In Vows to Pursue Peace With North Korea Until Presidential Term Ends
South Korean President Moon Jae-in pledged Monday to pursue an “irreversible path to peace” with North Korea until the end of his five-year term in May, despite the North Korean leader’s unresponsiveness to the country’s proposal for an end-of-war declaration. “The government will pursue normalization of inter-Korean relations and an irreversible path to peace until…
South Korea’s Former President Freed Under Government Pardon After Almost 5 Years in Jail
Former South Korean President Park Geun-hye was set free on Friday after serving four years and nine months in prison, following her corruption conviction being pardoned by the government last week. Park was the first female president of South Korea and the daughter of former President Park Chung-hee. Four years ago, she was impeached and arrested due…
South Korea Charges 4 Nationals for Allegedly Leaking Cutting-Edge Technology to Chinese Company
Four South Koreans were charged on Dec. 22 for allegedly leaking cutting-edge semiconductor technologies to a Chinese company. According to JoongAng Ilbo newspaper, an unnamed South Korean company—coined ‘company A’— illegally obtained the sensitive technology from another South Korean company—’company B’—and then sold it on to a newly-established semiconductor company in China. The alleged illegal activity took…
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