Seoul, June 7 (IANS) South Korea and Japan on Sunday held a joint maritime search and rescue exercise (SAREX) for the first time in nine years, the South Korean Navy said.The drill was conducted by the South Korean Navy and Japan’s Maritime Self-Defence Force in international waters southeast of Jeju Island, according to the Navy.The exercise involved the South Korean Navy’s 4,900-tonne ROKS Cheon Ja Bong landing ship, Japan’s 7,250-tonne Aegis-equipped Kongo destroyer, and a Japanese maritime p…
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Seoul, June 6 (IANS) South Korean President Lee Jae Myung said Saturday honoring and paying due respects to those killed while serving the country is a social duty the nation should uphold.Lee made the remarks in a speech at a Memorial Day ceremony, a national holiday commemorating those who sacrificed themselves while serving the country, including those who fought for independence from Japan’s 1910-45 colonial rule of Korea.Saturday’s ceremony at Seoul National Cemetery was attended by 3,000 u…
Singapore, May 30 (IANS) South Korea and Japan will resume their joint maritime search and rescue exercises (SAREX) starting early next month, Seoul’s defence chief said Saturday, calling it a “symbolic” move that reflects improving bilateral relations.South Korea’s Defence Minister Ahn Gyu-back unveiled the plan in bilateral talks with Japanese Defence Minister Shinjiro Koizumi, held on the margins of the Asia Security Summit, also known as the Shangri-La Dialogue, Yonhap news agency reported…
Washington/Seoul, May 11 (IANS) A South Korean naval destroyer will participate in a fleet review and multinational field exercise in the United States over the next two months, the Navy said Monday. The 4,400-ton ROKS Munmu the Great destroyer will leave a naval base on Jeju Island later in the day to take part in an international fleet review in New York, scheduled for July 3-8, the Navy said in a release.The warship is among some 100 other naval vessels of around 50 countries participating in…
Seoul, Jan 26 (IANS) South Korea’s antitrust watchdog said on Monday that it has decided to block a Singapore-based private equity fund (PEF) from acquiring the country’s largest vehicle rental company, citing concerns that the deal would significantly restrict market competition.Careena Transportation Group Ltd., controlled by private equity firm Affinity Equity Partners, has been barred from buying a 63.5 percent stake in Lotte Rental Co., the Fair Trade Commission (FTC) said, noting that Affi…