12 hours ago S. Korea, US to hold tabletop exercise on nuclear deterrence next week

South Korea and the United States will hold a discussion-based exercise simulating North Korea's use of a nuclear weapon next week, Seoul's defense ministry said Thursday, as part of ongoing efforts to strengthen joint deterrence against the North's nuclear threats. Cho Chang-rae, South Korea's deputy defense minister for policy, and Cara Abercrombie, the US acting deputy under secretary of defense for policy, will lead the tabletop exercise during a two-day meeting slated fo

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13 hours ago NK envoy sidesteps question on troop deployment to Russia at UNSC meeting

North Korea's chief envoy to the United Nations has sidestepped a question confirming the country's troop deployment to Russia during a UN meeting, instead reiterating that his country will continue to develop relations with Russia. Kim Song, North Korea's permanent representative to the UN, made the remarks while responding to a question from Robert Wood, the United States' alternate representative, during a UN Security Council meeting on Wednesday in New York. "The dep

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26 hours ago FM Cho says he takes 'full responsibility' for Sado mine memorial dispute

Foreign Minister Cho Tae-yul said Wednesday he takes "full responsibility" for the controversy over Japan's memorial ceremony for Korean wartime forced labor victims, expressing regret over Tokyo's failure to honor the promises it made to the international community. Criticism emerged after Japan hosted the event for Sado mine forced laborers earlier this week, which failed to properly acknowledge the victims or the site's full history of forced mobilization of labor dur

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27 hours ago Lotte Group to provide Lotte World Tower as collateral for Lotte Chemical amid liquidity woes

Lotte Group, one of South Korea's largest conglomerates, said Wednesday it will provide Lotte World Tower in Seoul as collateral for the corporate bonds of its financially-strapped chemical unit in an effort to address market concerns about a potential liquidity crisis. In a regulatory filing, the group said it will use the 123-story supertall skyscraper, one of its key assets worth 6 trillion won ($4.31 billion), as additional collateral for bonds issued by Lotte Chemical Corp. A bondholde

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28 hours ago Presidential office worries over impact of Trump's proposed tariffs on Korean firms in Canada, Mexico

The presidential office on Wednesday expressed concerns about the potential impact of President-elect Donald Trump's proposed tariffs on Korean businesses in Mexico and Canada, vowing proactive measures to address the risks. Sung Tae-yoon, the presidential chief of staff for policy, held an interagency meeting to assess the potential effects of Trump's pledge to levy a 25 percent tariff on all products from Mexico and Canada, along with an additional 10 percent tariff on China. Trump&#

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