Seoul, June 2 (IANS) South Korea’s National Security Advisor Wi Sung-lac met with visiting US Under Secretary of State Allison Hooker on Tuesday, welcoming the launch of follow-up negotiations on an agreement reached by their countries’ leaders last year. “We hope that two days of productive talks will help accelerate progress on the matter,” Cheong Wa Dae said in a press release.”Both sides reaffirmed the ROK-US alliance as a central pillar of peace and prosperity on the Korean Peninsula and in…
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Seoul, June 2 (IANS) South Korea and the United States launched new high-profile talks Tuesday to discuss the implementation of security agreements reached by their leaders, including Seoul’s push to acquire nuclear-powered conventionally armed submarines.The first day of the two-day inaugural talks focused on security-related provisions laid out in a bilateral joint fact sheet issued following a summit between President Lee Jae Myung and US President Donald Trump in October, according to the So…
Seoul, June 2 (IANS) Jensen Huang, chief executive officer of US chip giant Nvidia, met with SK Group Chairman Chey Tae-won in Taipei to discuss the future of cooperation in artificial intelligence (AI) memory.The meeting took place in Taipei, according to a post on SK Group’s Facebook account. Both executives were in the Taiwanese capital to attend Computex, one of Asia’s largest technology trade shows.”With SK hynix reaching a market capitalisation of US$1 trillion, the executives of both comp…
Seoul, June 2 (IANS) Hanwha Aerospace Co., a defence affiliate under Hanwha Group in South Korea, said on Tuesday it has partially suspended production at its Daejeon facility after a deadly explosion at the plant. In a regulatory filing, the arms manufacturer said it was ordered by labour authorities to halt operations at the facility, about 140 kilometres south of Seoul, due to a serious workplace accident under South Korea’s occupational safety laws.The explosion killed five people and injure…
Seoul, June 2 (IANS) South Korea and the United States launched their first round of talks on Tuesday to implement a set of security agreements reached by their leaders last year, including Seoul’s push to acquire nuclear-powered submarines, officials said. The inaugural two-day talks began at around 10 a.m. at the foreign ministry building in Seoul, focusing on security-related provisions in a bilateral joint fact sheet issued following a summit between President Lee Jae Myung and US President …
Seoul, June 2 (IANS) South Korean law enforcement authorities launched a joint inspection on Tuesday of a Hanwha Aerospace factory as part of a probe into a deadly explosion at the facility the previous day. The blast at the defence company’s facility in Daejeon, some 140 kilometres south of Seoul, killed five people and injured two others.The joint inspection involved officials from the Daejeon Metropolitan Police Agency, the fire service, the National Forensic Service, the labour ministry and …
Seoul, June 2 (IANS) The arms procurement agency of South Korea said on Tuesday its affiliated bodies will provide technical assistance to an investigation into a recent explosion at a Hanwha Aerospace factory. The Defence Acquisition Program Administration (DAPA) said the agency has also formed a task force to manage the situation, after Monday’s explosion and fire at the Hanwha Aerospace plant left five people killed and two others injured.”We will support, when necessary, the investigation by…
Seoul, June 2 (IANS) South Korea and Canada have discussed a deeper partnership in advanced industries, including space and defence, Seoul’s industry ministry said on Tuesday, as the country is making last-minute efforts to win Canada’s submarine project. The Ministry of Trade, Industry and Resources and the Korea Trade-Investment Promotion Agency (KOTRA) jointly hosted a business roundtable in Toronto on Monday (local time) to promote cooperation between Korean and Canadian companies.The event …
Seoul, June 2 (IANS) South Korean stocks traded lower late on Tuesday morning as investors rushed to cash out market heavyweights, bucking overnight gains on Wall Street.Opening a tad higher, the benchmark Korea Composite Stock Price Index (KOSPI) was down 188.63 points, or 2.15 percent, to 8,599.75 as of 11:20 am (local time), reports Yonhap news agency.Overnight, U.S. stocks finished higher, with major indexes reaching fresh record highs as a rally in tech shares lifted market sentiment.U.S. c…
Seoul, June 2 (IANS) Hanwha Aerospace, a defence affiliate under Hanwha Group, said on Tuesday it has partially suspended production at its Daejeon facility after a deadly explosion at the plant.In a regulatory filing, the arms manufacturer said it was ordered by labour authorities to halt operations at the facility, about 140 kilometers south of Seoul, due to a serious workplace accident under South Korea’s occupational safety laws.The explosion killed five people and injured two others and pol…