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1. According to South Korea’s Joint Chiefs of Staff, North Korea fired an intercontinental ballistic missile and two short-range ballistic missiles towards the East Sea on Thursday, but the ICBM seems to have failed mid-flight following the second stage separation. 2. South Korea’s Central Disaster and Safety Countermeasure Headquarters said that the funeral procedures of 121 out of 156 deceased v...

1. According to South Korea’s Joint Chiefs of Staff, North Korea fired at least 10 missiles, including three short-range ballistic missiles, off its east and west coast. One of the ballistic missiles landed in waters close to South Korea’s territorial waters.  2. During the meeting with South Korea’s Central Disaster Countermeasures and Safety Headquarters, South Korean Prime Minister Han Duc...

1. Two more deaths were confirmed Tuesday from the Halloween stampede in Itaewon, raising the death toll to 156. South Korean President, Yoon Suk-yeol, said the government will conduct a combined safety inspection of regional festivals in Korea starting Thursday. 2. South Korea’s exports decreased by 5.7 percent in October compared to the same period last year, marking the first on-year decline in...

1. The deadly crowd crush in Itaewon on Saturday night took the lives of at least 154 people and injured 149 others. The tragedy happened Saturday when a massive crowd of Halloween partygoers filled a narrow alley in the district of Itaewon, causing people to fall down and pile up on one another. 2. On Sunday, South Korea’s President Yoon Suk-yeol declared a period of national mourning for the vic...

1. According to South Korea’s Joint Chiefs of Staff, North Korea fired two short-range ballistic missiles toward the sea off its east coast on Friday. This comes as South Korea wraps up its 12-day Hoguk military drills. 2. The gross domestic product of the United States rose 2.6% in the third quarter above market estimates, recording the first positive growth rate after two quarters of negative gr...

1. The 11th emergency economic and public livelihood meeting took place at the presidential office in Seoul on Thursday. The 80-minute meeting was televised live to outline policies to people to revive the economy. 2. The Gangwon provincial government announced on Thursday that it will repay 205 billion won which is the full amount of the debt guaranteed for Gangwon Jungdo Development Corp. by Dec...

1. South Korea's First Vice Foreign Minister Cho Hyun-dong met with his U.S. and Japanese counterparts, in Tokyo today to discuss ways to deal with North Korea’s evolving threats and the results of China’s 20th Communist Party Congress.  2. Hyundai Motor Group broke ground on Tuesday on its new 5.54 billion U.S. dollar electric vehicle and battery manufacturing facility in Georgia. This facto...

1. South Korean President Yoon Suk Yeol urged lawmakers to swiftly pass his administration’s first budget proposal in a parliamentary speech on Tuesday, calling for bipartisan cooperation to respond to threats from North Korea and aggravating economic conditions. 2. The Bank of Korea said on Tuesday that South Korea’s inflation expectations stood at 4.3% in October, up 0.1%P from the previous mont...

1. South Korea’s Finance Minister, Choo Kyung-ho,  said on Sunday that the government will inject a minimum of 50 trillion won or 34 billion USD to contain the so-called ‘Legoland crisis’, and avoid a liquidity crunch. 2. According to South Korea’s Joint Chiefs of Staff on Monday, South Korea’s military fired warning shots at a North Korean merchant vessel that crossed the Northern Limit Line...

1. The Chairman of South Korea's Joint Chiefs of Staff, General Kim Seung-kyum, and his American and Japanese counterparts met on Thursday at the Pentagon to discuss the escalating tensions on the Korean Peninsula in recent weeks. 2. South Korea’s Fair Trust Commission said in a press release Friday that it plans to introduce measures to solve the issue of the monopoly in the platform sector. This...

1. South Korea’s Joint Chiefs of Staff Gen. KIM Seung-Kyum met with Chairman of the U.S. Joint Chiefs of Staff Gen. Mark A. Milley at the Pentagon on Wednesday during the 47th Republic of Korea and United States Military Committee Meeting. Gen. Milley reaffirmed the U.S. commitment to providing extended deterrence to South Korea. 2. At a session of the UN General Assembly's Third Committee on Wedn...

1. KakaoTalk’s co-CEO, Namkoong Whon, offered to resign on Wednesday after a massive server outage which locked 53 million users. The company will accept damage reports through a dedicated channel on its KakaoTalk mobile messenger service from today. 2. North Korea fired 3 rounds of artillery shots into the maritime buffer zones spreading the two Koreas and into the East Sea from last night to thi...

1. Kakao Corp. said Tuesday that most of its services are almost in full operation after the fire disaster at its data center Saturday, but the recovery process for the mailing service on Daum is still underway. 2. Amid rising tensions on the Korean Peninsula, the Chairman of South Korea's Joint Chiefs of Staff, General Kim Seung-kyum, left for Washington today to meet his U.S. and Japanese counte...

1. Kakao Talk, the most popular mobile messenger in South Korea suffered a massive service malfunction due to a fire at its data center on Saturday, affecting all sectors of the country, including transportation and finance. 2. The Hoguk drill, South Korea’s annual military drill, kicked off Monday, following North Korea’s provocations, including the firing of a short-range ballistic missile on Fr...

1. In response to North Korea’s latest provocations, South Korea has imposed new unilateral sanctions on North Korea, specifically, fifteen individuals and sixteen institutions, for the first time in five years. 2. At China’s 20th National Congress of the Chinese Communist Party slated for October 16, China’s President Xi Jinping is expected to emphasize “balance development and security” and drop...

1. South Korean President Yoon Suk-yeol said on Thursday that his administration is looking into a wide range of options when he was asked about the possibility of extended deterrence of nuclear weapons in South Korea from the U.S.  2. National Security Advisor Jake Sullivan said Wednesday in regards to the first national security strategy of the Biden administration that the US will pursue “...

1. The Bank of Korea delivered yet another big-step of 50 basis point rate hike from 2.5% to 3% on Wednesday as an effort to bring down inflation. It is the first time in about 10 years that the key policy interest rate has risen to the 3 percent range. 2. The U.S. government on Tuesday allowed South Korean memory chip makers SK hynix and Samsung Electronics operating in China, to obtain restricte...

1. Amid growing nuclear threats from North Korea, South Korean President Yoon Suk-yeol said on Tuesday that he believes his denuclearization roadmap, or the so-called audacious initiative, is still valid and that he will bolster the trilateral security cooperation with the US and Japan. 2. The  U.N. General Assembly’s special session started Monday to discuss the passing of the resolution tha...

1. According to the North's state media on Monday, it was North Korean leader Kim Jong-un himself who took command of a series of military exercises of the regime's tactical nuclear weapon units over the past two weeks. Kim also said he has nothing to talk about with his enemies, and vowed to bolster the nuclear force of the regime. 2. South Korea reported 8-thousand 9-hundred-81 new COVID-19 infe...

1. According to South Korea’s Joint Chiefs of Staff, in response to the escalated tensions on the Korean Peninsula, South Korea and the United States have begun a combined naval exercise in the East Sea on Friday for two days.  2. On Thursday night, South Korea’s ruling People Power Party’s ethics committee decided to suspend former chairman Lee Jun-seok from the party for one year in additio...

1. South Korea’s Joint Chiefs of Staff said North Korea fired 2 short-range ballistic missiles into the East Sea on Thursday morning. Following the launch, South Korean President Yoon Suk-yeol pledged through security measures based on a stronger alliance with the US and Japan, and called the Japanese Prime Minister Fumio Kishida in the afternoon. 2. Defying diplomatic pressure from the US, OPEC a...

1. South Korea’s Joint Chiefs of Staff said South Korea and the U.S. each fired two Army Tactical Missile System missiles towards waters east of the Korean Peninsula on Tuesday, in response to North Korea's intermediate-range ballistic missile launch the day before. 2. The State Duma, Russia’s lower parliament,  has approved the annexation of the four Ukrainian territories following referendu...

1. South Korea's Joint Chiefs of Staff said that North Korea launched an intermediate-range ballistic missile eastward, at about 7:23 AM Tuesday morning, and that the missile flew across Japanese airspace before falling into the Pacific Ocean. 2. The National Assembly began its first audit of the Yoon administration on Tuesday. Over the next 20 days some 780 ministries, agencies and public institu...

1. The first parliamentary audit under the Yoon administration will begin on Tuesday, with the two rivaling political parties anticipated to clash, each blaming the current and the former Moon Jae-in administration for their misconduct. 2. The Ministry of Agriculture, Food and Rural Affairs announced that it would purchase a record 450-thousand tons of rice this year. This is to stabilize plunging...

1. Just hours after U.S. Vice President Kamala Harris visited the Demilitarized Zone on Thursday, North Korea fired two short-ranged ballistic missiles toward the east coast. The launch follows the firing of two short-range ballistic missiles a day earlier, and one on Sunday. 2. South Korea has been added to the watch list for potential inclusion on the World Government Bond Index yesterday by FTS...