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Korea

Alaska faced more energy restrictions than Iran, North Korea combined: Wright

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SIMI VALLEY, CALIFORNIA – Secretary of Energy Chris Wright said that the Biden administration “strangled” the state of Alaska with restrictions and red tape that was beyond levels imposed on North Korea, Iran and Venezuela combined.  “Alaska, a state that has had more sanctions, more restrictions on production of oil and gas in Alaska than … Read more

North Korea detains shipyard officials over failed launch that left naval destroyer damaged: state media

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North Korea has detained shipyard officials responsible for a recent failed launch of a new warship that left a 5,000-ton North Korean naval destroyer damaged, according to state media. Law enforcement officials arrested the chief engineer of the Chongjin Shipyard, among others, the Korean Central News Agency (KCNA) reported on Sunday. Supreme Leader Kim Jong … Read more

Trump wants South Korea to pay more for U.S. troops on their soil

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U.S. joint military exercise with South Korea in Yeoncheon-gun, South Korea. Getty Images Sharing the costs of hosting U.S. troops in allied countries has been a favorite topic of U.S. President Donald Trump since his first term in the White House. But as more countries try to eke out a deal to escape the spectre … Read more

‘This is the mafia’ — How North Korea structures its IT workers like an organized crime syndicate

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The crime syndicate La Cosa Nostra in the U.S. is built around “Five Families” that famously war with each other for money and power. North Korea’s prosperous cyber-crime operations are similar, except there is only one family and it belongs to authoritarian leader Kim Jong Un. “Stop looking at North Korea’s cyber program as a … Read more

South Korea delays decision on letting Google move hi-res map data overseas

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South Korea has once again postponed a decision on whether to approve Google’s request to transfer high-precision map data on the country’s geography to its international servers. In February, Google had requested approval from the Korean National Geographic Information Institute to deploy a 1:5,000 scale map on its app in the country and also transfer … Read more

Starbucks in South Korea is banning customers from using the names of presidential candidates for their orders

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Starbucks in South Korea has banned customers from using the names of the country’s presidential candidates — or the disgraced ex-president — for their orders, the coffee giant told AFP on Wednesday. South Korea is holding snap presidential elections on June 3, to decide who will replace impeached former president Yoon Suk Yeol, ousted last month … Read more

Bank of Korea urges authority over won-based stablecoin issuance: report

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South Korea’s central bank said it should have legal authority over the approval of won-based stablecoins, warning they could disrupt monetary policy if treated like legal tender. The Bank of Korea, South Korea‘s central bank, said monetary authorities must be involved from the start if the country allows the issuance of stablecoins tied to the … Read more

Lutnick warns no ‘fast deals’ for Japan and South Korea

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Commerce Secretary Howard Lutnick said that trade deals with South Korea and Japan could take significantly more time to complete than the framework agreement President Donald Trump announced Thursday with the UK, in a signal that some Asian partners may have to wait for tariff relief. “You’ve got to spend an enormous amount of time … Read more

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