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U.S., South Korea Begin Drills; North Warns of War

August 17, 2011 Comments off

defensenews

SEOUL, South Korea – South Korea and the United States launched a massive joint military exercise on Aug. 16, prompting the North to condemn the maneuvers as provocative and warn that war could erupt.

The two allies have described the 10-day Ulchi Freedom Guardian exercise as defensive and routine, but the North habitually terms such joint drills a rehearsal for invasion and launches its own counter-exercises.

“The exercise started this morning,” a spokesman of the U.S.-South Korea Combined Forces Command (CFC) told AFP, referring to the annual computer-assisted simulation command-post exercise.

All of CFC’s major units are taking part, involving more than Read more…

Gold Prices Spike on Safe-Haven Appeal, South Korea Buy to $1660.10

August 2, 2011 Comments off

thestreet.com

Most Recent Quotes from www.kitco.comNEW YORK (TheStreet ) — Gold prices hit record highs Tuesday as the Bank of Korea bought more gold and as the Senate passed the debt ceiling deal.

Gold for December delivery popped $22.80 to close at $1,644.50 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,646.80 and as low as $1,618.80 while the spot gold price was skyrocketing almost $30, according to Kitco’s gold index.

Silver prices added 78 cents to close at $40.09 an ounce. The U.S. dollar index was up 0.22% at $74.48 while the euro was down 0.36% vs. the dollar.

With the debt-ceiling issue basically behind U.S. markets, investors are now looking at the health of the economy and the picture isn’t bright. Worries of slowing global growth were the main factors boosting gold prices.

Not only have quarterly growth numbers been anemic and July’s manufacturing index was barely above the critical 50 growth-mark, but the debt plan aims to Read more…

Indonesia, South Korea Launch Stealth Jet Project

August 2, 2011 1 comment

thejakartaglobe

Seoul. South Korea and Indonesia are launching a partnership today to develop a new stealth fighter jet which has been delayed for years by technical and budget problems.

Defense and procurement officials from the two countries will mark the beginning of their partnership with the opening today of a new joint research center in Daejeon, about 160km south of Seoul, reported Yonhap news agency yesterday.

Noh Dae Rae, head of the Defense Acquisition Program Administration (Dapa), and Eris Herryanto, secretary-general of the Indonesian defense ministry, will attend the event, said the administration.

Referring to the so-called KF-X project, Mr Noh said in a statement: ‘It will be a strategic project that will be responsible for the development of defense industries and national security in both countries.’

He said the KF-X project has been made possible because of ‘consistent exchange and cooperation in the defense industry and defense procurement’ by both sides.

South Korea launched the Read more…

South Korea landslides kill 18

July 27, 2011 Comments off

hindustantimes

 

A South Korean driver pushes his truck through flooded street in southern Seoul on July 27, 2011. Heavy rain hit the central part of the Korean peninsula, triggering landslides that killed 18 people. – AFP Photo

Landslides triggered by torrential rain in South Korea have killed a total of 18 people, police and a rescue agency said Wednesday.

They said 12 people died when a mudslide hit an inn and three homes in the mountainous Chuncheon area 100 kilometres (60 miles) east ofSeoul. Five people were killed in a mudslide in southern Seoul and one elsewhere in the city.

Wild weather has battered the peninsula since late Tuesday, causing Read more…

North Korea’s new weapon: the hovercraft

May 31, 2011 Comments off

guardian

Marines Land In Kuwait

North Korea plans a fleet of 60 attack hovercraft

Think of the great machines of war, and the hovercraft is perhaps not the first that springs to mind. But Kim Jong-il has clearly done his homework on military history, because North Korea is in the process of building a naval hovercraft base 30 miles off the South Korean coast. The hangar-shaped buildings spotted across the international waters will house 60 “attack hovercraft”, to be used for “infiltration attacks and landing”.

While the first air-cushion vehicle was built in 1915, the modern hovercraft was the work of Sir Christopher Cockerell, who had the idea that boats could be made to float on a cushion of air, reducing water drag. He built several prototypes in the 1950s, but no branch of the military was interested. He eventually received funding and in 1958 produced the SR.N1, the world’s first passenger hovercraft. Military hovercraft went Read more…

Another woman dies of mysterious virus in s Korea

May 27, 2011 Comments off

antaranews

Seoul (ANTARA News/Xinhua-OANA) – A pregnant woman has died of pneumonia related to an unidentified virus, nearly 15 days after the same cause brought about the first fatality in South Korea, local media reported Thursday.

The 36-year-old woman died early Thursday morning, about one month after being admitted to the intensive care unit of a large hospital in Seoul, according to the Korea Center for Disaster Control and Prevention (KCDC), Seoul`s Yonhap news agency reported.

She initially showed cold-like symptoms but later was diagnosed with pulmonary fibrosis. The victim was among eight patients who checked into the intensive care unit of the hospital for infection with the unknown virus.

Seven of the eight patients have recently given birth or are expecting, prompting widespread fears among the country`s pregnant women.

The KCDC has been focusing on verifying the origin of the virus by studying the specimen taken from the patient and conducting genetic analysis on it.

South Korea shuts schools amid Japan radiation fears

April 8, 2011 Comments off

www.msnbc.com

Image: South Korean students holding umbrellas go home amid fears that the rain may contain radioactive materials from the crippled nuclear reactors in Japan at Midong elementary school in Seoul

Ahn Young-joon  /  AP

South Korean students holding umbrellas go home amid fears that the rain may contain radioactive materials from the crippled nuclear reactors in Japan at Midong elementary school in Seoul, South Korea, on Thursday.

TOKYO — Dozens of schools in South Korea closed Thursday amid concerns about radioactive fallout from Japan’s nuclear disaster.

Classes were canceled or shortened at more than 150 schools as rain fell across the country.

Authorities said radiation levels in the rain posed no health threat.

However, school boards across the country — Japan’s closest neighbor — advised Read more…