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Japan defense chief to visit South Korea for talks

Japan’s Defense Minister Shinjiro Koizumi (L) and South Korea’s Defense Minister Ahn Gyu-back (R) attend their meeting at the headquarters of the Japan Maritime Self-Defense Force Yokosuka District, south of Tokyo, Japan. Photo by EUGENE HOSHIKO / EPA

June 26 (Asia Today) — South Korean Defense Minister Ahn Gyu-back will meet Japanese Defense Minister Shinjiro Koizumi at the Defense Ministry headquarters in Seoul on Sunday morning, the ministry said Friday.

Koizumi will visit South Korea as part of reciprocal ministerial diplomacy following Ahn’s trip to Japan in January.

During the visit, the ministers are scheduled to inspect aircraft operated by the South Korean Air Force’s Black Eagles aerobatic team, hold bilateral talks and take part in a security dialogue with young people from both countries.

They will also discuss ways to strengthen defense exchanges and cooperation between South Korea and Japan.

The meeting will come about one month after Ahn and Koizumi held bilateral talks on May 30 on the sidelines of the 23rd IISS Asia Security Summit, commonly known as the Shangri-La Dialogue, in Singapore.

It will be the first visit to South Korea by a Japanese defense minister specifically for bilateral talks since 2015, according to the ministry.

Koizumi is also scheduled to pay his respects at Seoul National Cemetery during the trip. He is expected to meet South Korean Foreign Minister Cho Hyun on Sunday.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260626010009329

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South Korean forum urges wider clearance of DMZ land mines

South Korean Lee Hyung-il (65), who lost his leg after stepping on a landmine while farming at age 24, looks on landmine signs on display during an interview in the border village of Haemaru-chon near the Demilitarised Zone (DMZ) in Paju, South Korea, 17 June 2026. Former South Korean soldier Kim Ki-ho has spent more than two decades working alone to remove millions of landmines left along the border since the Korean War (1950–53). Kim said he will continue the high-risk work for the rest of his life to help promote regional peace. Photo by JEON HEON-KYUN / EPA

June 26 (Asia Today) — South Korean defense experts, mine-clearance researchers and technology companies called for broader government, military and civilian cooperation to remove land mines and unexploded ordnance near the Demilitarized Zone, saying the weapons continue to threaten residents more than seven decades after the Korean War.

The Defense and Security Forum held its fourth roundtable Thursday at the Korea Mine Clearance Research Institute’s DMZ Peace Center in Haemaru Village in Paju, a restricted border area north of the Civilian Control Line.

The event, titled “Korean War DMZ Field Forum: Peace Grows When the Land Heals,” coincided with the 76th anniversary of the outbreak of the 1950-53 Korean War and South Korea’s month of remembrance for veterans.

Security specialists, field researchers, border residents and representatives of defense and information technology companies discussed mine removal, restoration of contaminated land and cooperation among government agencies, the military and private organizations.

The forum said areas contaminated by land mines, unexploded ordnance and other explosives in and near the DMZ and Civilian Control Zone are estimated to cover about 128 square kilometers, or 49 square miles.

It also cited estimates that about 2 million land mines remain buried across the Korean Peninsula’s heavily fortified border region.

The mines are not merely remnants of a past conflict, participants said. They continue to endanger people living in border communities and impede plans to preserve the DMZ as an internationally recognized area of peace and environmental conservation.

Residents in front-line communities face risks while farming, traveling and using land near suspected minefields.

Participants said previous mine-clearance accidents have also made local governments reluctant to pursue development, public infrastructure and community revitalization projects in some border regions, including areas around Cheorwon in Gangwon Province.

The discussion came after South Korea’s mine-action law took effect in February 2025.

The law establishes procedures for safely detecting and removing mines, unexploded ordnance, abandoned munitions and booby traps that are no longer considered militarily necessary.

It also allows qualified private corporations and organizations to conduct detection and removal work under government approval and safety requirements. The military previously handled most such operations.

Participants said cooperation with civilian specialists has become increasingly important as South Korea’s military faces declining troop numbers and difficulties retaining experienced mine-clearance personnel.

Baek Gun-ki, chairman of the Defense and Security Forum, said the country must remember the lessons of war while working toward a safer future.

“We must reflect on the tragic lessons of war and open the way toward a secure future for South Korea,” Baek said.

Seo Nam-yeol, president of the forum, moderated the discussion.

Kim Ki-ho, director of the Korea Mine Clearance Research Institute, presented an assessment of unconfirmed minefields and proposed directions for future clearance operations.

Forum director Kang Tae-jun outlined the South Korean Defense Ministry’s mine-action road map and discussed steps needed to expand cooperation between military and civilian organizations.

Representatives of South Korean defense and technology companies developing artificial intelligence-based detection systems and other advanced mine-clearance equipment also attended.

They discussed the technical limitations of equipment now used by the military and civilian organizations and agreed to pursue cooperation on developing and testing more advanced systems under field conditions.

Participants said mine action is evolving from a labor-intensive military task into a broader security and humanitarian undertaking that combines advanced technology, government policy and specialized civilian expertise.

Following the roundtable, participants visited a nearby area classified as an unconfirmed minefield.

The forum said the visit demonstrated that land mines are not solely a military issue but also affect public safety, land use, economic development and the daily lives of people in border communities.

“Land mines are like bullets lodged in the waist of the Korean Peninsula,” the forum said. “Only after those bullets are removed can vitality return to the peninsula and the lives of border residents fully recover.”

The group called on the central government, military, local governments and private mine-clearance organizations to develop a coordinated national response.

The forum said it plans to launch a nationwide campaign supporting mine clearance across the Korean Peninsula.

It also plans to strengthen South Korea’s mine-action capabilities and expand cooperation with international organizations and overseas specialists, including the United Nations Mine Action Service.

Organizers said South Korea could use its growing defense technology expertise to contribute to international humanitarian mine-clearance operations as well as domestic efforts.

A preliminary discussion featuring Kim and Seo was released online before the event. Video of the roundtable and field visit is expected to be published through the YouTube channel Cheongunmanma.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260626010009324

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41.6% of South Korean workers open simulated phishing emails

Officials at the Korea Internet & Security Agency (KISA) check Internet systems at the KISA situation room in Seoul, South Korea. Photo by YONHAP / EPA

June 26 (Asia Today) — More than 4 in 10 South Korean employees who participated in a government cybersecurity exercise opened simulated phishing emails, but companies that had conducted repeated training recorded significantly better results, officials said Friday.

The Ministry of Science and ICT and the Korea Internet & Security Agency announced the findings at a review meeting at the Post Tower in central Seoul.

A total of 630 companies and 255,460 employees participated in the government’s cybersecurity crisis response exercise for the first half of 2026.

The government conducts the exercise twice a year to improve security awareness and strengthen companies’ ability to respond to cyberattacks.

The latest exercise was held from May 11 through May 22 and covered four areas: phishing emails, distributed denial-of-service attacks, penetration testing and vulnerability detection and response.

The phishing exercise targeted employees at 569 companies.

Participants received simulated malicious emails designed to resemble messages from familiar institutions or routine workplace correspondence.

The government monitored whether participants opened the emails and clicked attached files that would have triggered malware infections in a real attack.

The results showed that 41.6% of participants opened the simulated phishing emails. About 12.7% clicked an attachment and reached the simulated malware infection stage.

Large companies, which had the highest rate of conducting their own cybersecurity exercises, recorded the lowest figures.

Employees at large companies had an email open rate of 35.4% and a simulated infection rate of 9.8%, highlighting the value of repeated training, officials said.

The distributed denial-of-service exercise tested web servers and development servers at 147 companies by sending simulated attack traffic.

Officials measured how quickly each company detected and responded to the traffic.

Companies that had previously participated in the exercise took an average of 20 minutes to detect and respond to the attack.

First-time participants took an average of 64 minutes, more than three times as long.

The vulnerability assessment covered 241 companies.

Investigators found 28 types of security vulnerabilities at 32 companies. Twelve of those companies had six types of vulnerabilities that required immediate corrective action.

The ministry and the agency provided the affected companies with their assessment results and instructions for addressing the weaknesses.

Lim Jeong-gyu, director general for information security network policy at the ministry, said the emergence of advanced artificial intelligence was making cyber threats facing companies increasingly serious.

“Building technical defense systems is important, but having all employees directly experience and respond to a simulated crisis can prove invaluable at a critical moment,” Lim said.

He encouraged companies to participate regularly in cybersecurity exercises rather than treating them as one-time events.

Reported by Asia Today; translated by UPI

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South Korean banks tighten lending as quotas fill early

A view of the Bank of Korea headquarter building in Seoul, South Korea, 15 June 2026. Photo by JEON HEON-KYUN / EPA

June 26 (Asia Today) — South Korean banks are restricting mortgages and personal loans months earlier than usual as rapid household debt growth threatens to exhaust their annual lending quotas.

The country’s five largest commercial banks – KB Kookmin, Shinhan, Hana, Woori and NH NongHyup – recorded household loan growth through May that exceeded targets agreed upon with financial regulators, according to banking industry data released Friday.

Their combined household loan balance increased from 767.296 trillion won ($496.4 billion) at the end of April to 770.823 trillion won ($498.7 billion) at the end of May.

The one-month increase was 3.527 trillion won ($2.3 billion).

Mortgage growth slowed, but personal credit borrowing rose rapidly as a strengthening stock market encouraged more investors to borrow money to buy shares.

Outstanding personal credit loans at the five banks increased by 2.174 trillion won ($1.4 billion), from 104.341 trillion won ($67.5 billion) in April to 106.515 trillion won ($68.9 billion) in May.

Banks have responded by reducing loan limits, restricting online applications and suspending products that allow borrowers to receive larger mortgages.

Hana Bank will suspend enrollment Wednesday in mortgage insurance and guarantee programs that allow banks to lend without deducting an amount reserved to protect tenants’ small security deposits.

Without the programs, the maximum mortgage available for an apartment may fall by about 55 million won ($35,600) in Seoul and 48 million won ($31,100) in Gyeonggi Province.

KB Kookmin Bank suspended the programs Friday, while NH NongHyup Bank had already stopped offering them.

Industrial Bank of Korea also stopped accepting some individual loan applications submitted through outside loan consultants.

Banks have also reduced unsecured credit limits.

Hana Bank and Woori Bank lowered their personal credit loan limits to 100 million won ($64,700).

Shinhan Bank is reducing the limits on revolving credit lines by as much as 20% when customers renew them.

Online lenders KakaoBank, Kbank and Toss Bank have also reduced limits on personal loans and revolving credit accounts and restricted some new lending.

Banking officials said the restrictions began unusually early this year.

Banks ordinarily introduce stronger lending controls around October or November as they approach their annual household loan limits.

This year, however, regulators set substantially lower growth targets and banks are attempting to prevent a rush of applications late in the year.

One banking official said loan applications and inquiries increased after the government signaled that it would continue tightening household debt controls.

Some borrowers are seeking loans earlier because they fear financing will become more difficult later in the year, the official said.

Annual lending restrictions are not new in South Korea.

Banks sometimes receive permission to issue additional loans if their annual limits are exhausted earlier than expected. In other cases, borrowers must delay loans until the following year.

Lee Eun-hyung, a researcher at the Korea Research Institute for Construction Policy, said banks have repeatedly adjusted lending levels to comply with annual debt-management targets.

“Whether additional lending capacity is provided at the end of the year depends on the government’s policy direction and market conditions at that time,” Lee said.

Banking officials said additional lending allocations appear unlikely this year because the government remains focused on controlling household debt and stabilizing the real estate market.

Easing restrictions while housing prices remain elevated could further stimulate demand, they said.

The possibility that banks could exhaust their quotas early has prompted some prospective borrowers to accelerate home purchases or seek loan approval before further restrictions are introduced.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260626010009438

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South Korea plans $6.5B fund for security tech firms

SMEs and Startups Minister Han Seong-sook attends a meeting of the emergency economic headquarters at the government complex in Seoul, South Korea, 22 May 2026. Photo by YONHAP / EPA

June 26 (Asia Today) — South Korea plans to create an investment and procurement system aimed at producing homegrown security technology companies comparable to U.S. data analytics company Palantir Technologies, the government said Friday.

The Ministry of SMEs and Startups announced the strategy with the Defense Ministry and Korea AeroSpace Administration during a meeting on future security innovation companies at the Blue House.

The plan seeks to accelerate the transfer of advanced civilian technology into national defense and security.

The government aims to develop five security technology companies valued at more than 1 trillion won ($651 million) and 50 companies with annual sales exceeding 100 billion won ($65.1 million) by 2030.

It will designate five strategic sectors covering drones and robotics, defense artificial intelligence and semiconductors, advanced sensors and materials, aerospace technology and cybersecurity and quantum communications.

Officials described the initiative as an effort to cultivate a “Korean Palantir,” referring to the U.S. company known for software that integrates and analyzes large volumes of defense and intelligence data.

The phrase is a policy description rather than the name of a company the government plans to establish.

Investment vehicle modeled on In-Q-Tel

The ministry plans to establish a government-backed investment organization modeled on In-Q-Tel, the nonprofit strategic investor created to support technologies relevant to U.S. intelligence agencies.

The proposed organization would make direct investments in early-stage security technology companies to address funding shortages.

The government also plans to support the establishment of a technology-focused asset management company tentatively called Korea Strategic Technology Partners.

Through government and private investment vehicles, officials aim to create as much as 10 trillion won ($6.5 billion) in strategic technology financing over the next five years.

The money would provide growth capital to startups and smaller companies developing technologies with potential defense, intelligence, aerospace or cybersecurity applications.

Faster research and procurement

South Korea also plans to introduce a special research and development program modeled on the U.S. Other Transaction Authority system.

The system would connect research, testing and government purchasing under a faster contracting process intended for rapidly changing technologies.

Selected companies could receive as much as 10 billion won ($6.5 million) each over five years.

The Defense Ministry and Korea AeroSpace Administration plan to create procurement systems capable of placing some advanced weapons or technologies into initial service within one year.

The government also plans to expand access to defense data through a catalog showing what information may be available to approved companies.

Aerospace authorities will support the development of core technology for a national space data center and platforms that allow businesses to use satellite information.

The strategy reflects the government’s view that traditional defense procurement moves too slowly for technologies such as artificial intelligence, drones, robotics and cybersecurity software.

Support for smaller technology companies

Minister of SMEs and Startups Han Seongsook said the global security industry is shifting rapidly from traditional hardware toward software, data and artificial intelligence.

“The government will provide bold and rapid support so startups and small venture companies with flexible and creative technologies can become leaders in security innovation,” Han said.

The government also plans to protect companies’ intellectual property rights and allow technologies developed through public programs to be adapted for civilian markets.

Officials said the strategy would help smaller companies enter a defense industry that has traditionally been dominated by large manufacturers and hardware-centered weapons programs.

The ministries plan to form an interagency committee, pursue special legislation and revise contracting rules to support the initiative.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260626010009467

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China stresses dialogue after South Korea flags illegal fishing

Fishing boats drag their nets in the Yellow Sea off Incheon, South Korea, 18 May 2026. Photo by YONHAP / EPA

June 26 (Asia Today) — China said Friday that it remains in close communication with South Korea over fisheries issues after President Lee Jae Myung called for stronger action against Chinese fishing boats accused of operating illegally in the Yellow Sea.

Chinese Foreign Ministry spokesman Guo Jiakun said maintaining stable waters and an orderly fishing environment between the two countries serves their common interests.

China consistently instructs its fishermen to operate in accordance with laws and regulations while also protecting their lawful rights, Guo said at a regular news briefing in Beijing.

“China and South Korea have a relatively mature dialogue mechanism on fisheries issues and maintain close communication on related matters,” Guo said.

He did not directly address whether the Chinese vessels cited by Lee had engaged in illegal fishing.

Lee raised the issue Wednesday during a visit to the Yeonpyeong Peace Observatory, where he received a briefing on waters near the Northern Limit Line, the de facto maritime boundary between South and North Korea in the Yellow Sea.

After being told that Chinese fishing boats had moved south of the maritime line, Lee questioned why they remained there despite being observed by South Korean forces.

He also asked whether South Korea should station enforcement vessels in the area.

“We have officially confirmed that they crossed the NLL,” Lee said. “I do not think we should simply leave this unattended.”

Lee ordered officials to take firm action, saying the visible presence of the boats during daylight hours showed the seriousness of the problem.

The Chinese government’s response largely repeated its previous position, emphasizing lawful fishing, the protection of Chinese fishermen’s rights and continued consultations with South Korea.

— Reported by Asia Today; translated by UPI

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South Korea targets September for fifth Nuri rocket launch

The Nuri space rocket, carrying 13 satellites, takes off from Naro Space Center in Goheung, South Korea. Photo by YONHAP/ EPA

June 25 (Asia Today) — South Korea is preparing to conduct the fifth launch of its homegrown Nuri rocket in September as the government moves to expand launch infrastructure and accommodate growing commercial demand.

Taeseog Oh, administrator of the Korea AeroSpace Administration, said Wednesday that the agency plans to convene a launch management committee in early August to set the final launch date.

“At this point, we expect the launch to take place in September,” Oh said during a news conference at the agency’s headquarters in Sacheon, about 190 miles southeast of Seoul.

Assembly of the rocket’s individual stages is expected to be completed this week. Full assembly of the three-stage launch vehicle is scheduled to begin next week.

After the fifth launch, the agency plans to begin upgrading the Naro Space Center in Goheung, South Jeolla Province, which has handled South Korea’s major space launches.

“The supplementary work required under the Naro Space Center modernization project is moving forward,” Oh said. “The project is currently undergoing a preliminary feasibility review, and work is expected to begin next year.”

The agency is also planning a second national space center to meet an expected increase in government and commercial launches and support future launch vehicles.

Oh said South Korea plans to begin the second space center project in 2028 and establish infrastructure capable of supporting reusable launch vehicles by the mid-2030s.

“A reusable launch vehicle requires not only a launch site but also a landing site,” Oh said. “By the mid-2030s, we intend to secure future-oriented launch infrastructure capable of operating reusable vehicles.”

The agency began accepting applications Monday from local governments seeking to host the center. A final candidate site is expected to be selected in October.

Oh said some South Korean companies have reported difficulty securing launch slots from U.S. companies such as SpaceX because of rising global demand.

“We will work to establish conditions in which satellites developed domestically can be launched aboard our own launch vehicles,” he said.

The agency also plans to upgrade the existing Naro Space Center while developing the second facility.

The expansion is intended to support more frequent satellite launches, newly developed launch vehicles and the reusable rocket South Korea aims to develop by 2035.

Oh also emphasized the need to increase government investment as the country seeks to shift toward NewSpace, an industry model driven more heavily by private companies.

The government is reviewing the agency’s budget proposal for next year.

“The government recognizes the importance of the aerospace budget, and we will work to expand it,” Oh said.

“In South Korea, even the government-led Old Space model was not sufficiently developed,” he said. “Government investment and private-sector participation must occur simultaneously for an aerospace industry ecosystem to take shape.”

— Reported by Asia Today; translated by UPI

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South Korean activist proposes satellite link for North Korea

From left, People Power Party lawmaker Song Seok-jun, Committee for Ten Million Separated Families Chairman Jang Man-soon and Kenneth Bae, president of New Korea Foundation International, attend a news conference opposing the South Korean government’s two-state approach to inter-Korean relations at the National Assembly in Seoul on Thursday. A sign-language interpreter is at far right. /Citizens’ Solidarity for ONE KOREA

June 25 (Asia Today) — A South Korean civic leader proposed creating a satellite communications network modeled on SpaceX’s Starlink to provide outside information to people in North Korea.

Jang Man-soon, chairman of the Committee for Ten Million Separated Families and a co-chair of Citizens’ Solidarity for ONE KOREA, called the proposed system “Korea Link.”

“If we place a system similar to Starlink over North Korea, we could inform North Koreans who have access to approximately 8.5 million mobile phones about the realities and conditions in South Korea,” Jang said during an interview Thursday at the National Assembly in Seoul.

The figure was Jang’s estimate and could not be independently confirmed.

Jang said the network could communicate the importance of freedom to North Korean residents and correct historical accounts and information distorted by the North Korean government.

He said it could also help North Koreans develop pride in the goal of Korean unification.

Jang argued that a new means of communication is necessary because traditional methods of reaching North Koreans, including radio broadcasts and border loudspeakers, have become increasingly restricted.

He said North Korean leader Kim Jong Un’s “two hostile states” policy is partly intended to isolate residents from outside information.

“North Korea is at a disadvantage in politics, economics, culture and military power, so the government is trying to block outside information from reaching its people,” Jang said.

Jang also discussed the declining prospects for families separated by the division of the Korean Peninsula and the 1950-53 Korean War.

“The wish of separated families is no longer simply to reunite with relatives,” he said. “It is to set foot in their hometowns.”

Many first-generation separated family members are now in their 90s, and few still have living parents in North Korea, he said.

“Their greatest wish is to visit their hometowns before they die,” Jang said.

He warned that public awareness of separated families is fading with each generation.

Jang called for expanded unification education for young people, opportunities to hear testimony from first-generation separated family members and educational visits to areas near the inter-Korean border.

“The reality is that only about half of the public now believes unification is necessary,” he said. “We are preparing various activities, including youth education, testimony from first-generation separated families and visits to border regions.”

Jang urged the South Korean government to participate in practical projects intended to support North Korean residents and preserve awareness of freedom and unification.

“If we view the people of North Korea as members of the same nation, I hope the government will participate in the practical plans we are pursuing,” he said.

“We must work together to establish a foundation that will allow future generations to understand the meaning of genuine freedom in the Republic of Korea.”

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260625010009002

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South Korean court again rejects bid to preserve ballots

Court personnel leave a senior citizens’ center at Woosung Apartments in Jamsil, Seoul, after completing an on-site inspection on June 10 under a partially granted evidence-preservation request filed by the Reform Party. Photo by Asia Today

June 25 (Asia Today) — A South Korean court has again rejected a request to preserve ballots, ballot boxes and other election materials kept at a counting center in Seoul’s Songpa District.

The First Civil Division of the Seoul Eastern District Court, led by Presiding Judge Joo Jin-am, dismissed an appeal Tuesday filed by the Freedom and Innovation party against the chair of the Songpa District Election Commission.

The materials were stored at a counting center inside the Olympic Park Handball Gymnasium.

The court rejected the party’s initial evidence-preservation request on June 12, prompting the party to appeal.

Freedom and Innovation claimed that ballot-paper shortages, the transportation of ballot boxes and other alleged irregularities during the June 3 nationwide local elections could have affected the voting and counting results.

The party sought court preservation of ballots, ballot boxes and related materials for possible use in future litigation.

The court, however, found that the application failed to satisfy legal requirements including relevance and necessity.

Judges said there was no sufficient connection between the ballot shortages and the requested preservation of ballots and ballot boxes from polling places where voting had been completed normally.

The court also determined that obtaining the materials would not help establish the disputed issues in an underlying lawsuit.

It said a separate preservation order was unnecessary because election law already requires the materials to be retained.

— Reported by Asia Today; translated by UPI

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South Korea launches $150 billion U.S. shipbuilding investment push

South Korean Deputy Prime Minister and Minister of Finance and Economy Koo Yun Cheol and representatives of government agencies, policy-finance institutions and major shipbuilders attend a signing ceremony for a Korea-U.S. shipbuilding cooperation investment agreement at the Export-Import Bank of Korea in Seoul on Thursday. Photo from the Ministry of Trade, Industry and Resources, used under KOGL Type 1.

June 25 (Asia Today) — South Korea launched a policy-finance framework Thursday to support $150 billion in shipbuilding cooperation with the United States, seeking to share early-stage investment risks with domestic companies expanding into the U.S. market.

The Korea-U.S. Strategic Investment Corporation, four state-backed financial institutions and three major South Korean shipbuilders signed a memorandum of understanding at the Export-Import Bank of Korea headquarters in Seoul.

The agreement is the first institutional step toward implementing the $150 billion shipbuilding cooperation package included in a bilateral strategic investment memorandum signed in November 2025.

The participating financial institutions are the Export-Import Bank of Korea, Korea Development Bank, Korea Trade Insurance Corp. and Korea Ocean Business Corp.

The three shipbuilders are HD Hyundai Heavy Industries, Samsung Heavy Industries and Hanwha Ocean.

Under the agreement, the participants will establish a Korea-U.S. Shipbuilding Cooperation Investment Council to identify U.S. investment projects, coordinate policy financing and jointly monitor their implementation.

The Export-Import Bank of Korea will serve as the council’s secretariat, coordinating communication among the institutions and overseeing the progress of individual projects.

South Korean Deputy Prime Minister and Minister of Finance and Economy Koo Yun Cheol said shipbuilding cooperation is one of the two main pillars of strategic investment between South Korea and the United States.

Koo urged the investment corporation and policy lenders to develop financing measures that can provide companies with sufficient funding when it is needed.

“The government and policy-finance institutions must actively seek ways to share the risks and uncertainty of initial investments that individual companies cannot bear alone,” Koo said.

He said the initiative should help South Korean shipbuilders support the rebuilding of the U.S. shipbuilding industry while creating new contracts and markets across South Korea’s domestic shipbuilding supply chain.

The benefits should extend beyond large shipbuilders to small and midsize shipyards and marine equipment suppliers, he said.

“We must create a path for small and midsize shipbuilders and equipment suppliers to participate together as Team Korea,” Koo said.

The government plans to use the council to develop financing for investments in U.S. shipyards, naval vessel construction, maintenance, repair and overhaul services and commercial shipbuilding.

The policy-finance structure is intended to help companies manage the large capital requirements and financial risks associated with entering the U.S. market.

Financial Services Commission Vice Chairman Kwon Dae-young described the initiative as an opportunity for South Korea’s shipbuilding industry to demonstrate its capabilities in the global market.

“We will actively support the necessary financing through close cooperation among the newly established Korea-U.S. Strategic Investment Corporation, policy-finance institutions and private financial companies,” Kwon said.

Park Dong-il, deputy minister for industrial policy at the Ministry of Trade, Industry and Resources, said the Make American Shipbuilding Great Again initiative, or MASGA, represents the first strategic overseas expansion project in the history of South Korea’s shipbuilding industry.

Park said encouraging signs were emerging in the United States, including potential orders for South Korean companies.

He called on policy lenders to coordinate closely so shipbuilders can enter the U.S. market without delays.

“The signing ceremony is expected to provide initial momentum for the MASGA project and create a new opportunity for South Korea’s shipbuilding industry to advance,” Park said.

Shipbuilding companies also pledged to identify commercially viable projects with government financial support.

HD Hyundai Heavy Industries CEO Lee Sang-kyun said producing tangible results from the bilateral cooperation was the most important objective.

“This cooperation should develop into a system that simultaneously supports the growth of South Korea’s shipbuilding industry and the rebuilding of the U.S. shipbuilding base,” Lee said.

South Korean shipbuilders will identify investment opportunities that offer profitability and can be carried out effectively using their advanced technology, he said.

Lee also urged the government to prepare a broad range of support measures to help create a turning point in bilateral shipbuilding cooperation.

The government said it will use the agreement to begin full cooperation among the investment corporation, policy-finance institutions and shipbuilders.

It also plans to expand the Team Korea framework so small and midsize shipyards and marine equipment suppliers can participate in projects entering the U.S. market.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260625010008910

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Women’s T20 World Cup: India and South Africa win to take semi-final fight to final day

ICC Women’s T20 World Cup, Group 2, Old Trafford

Bangladesh 136-8 (20 overs): Ferdous 33 (31); Yadav 3-28

India 139-5 (16.5 overs): Shafali 53 (34); Ritu 2-29

India won by five wickets

Scorecard, Table

Wins for India and South Africa at the Women’s T20 World Cup ensured the fight for semi-final qualification will go to the final day of the group stage.

India beat Bangladesh by five wickets and face Australia, who are top of Group Two, in the final fixture at Lord’s on Sunday knowing they will likely need to beat the six-time champions to qualify.

South Africa thrashed winless Netherlands by 88 runs and will need to beat Bangladesh in their final game and hope that India lose, otherwise it will go down to net run-rate. Bangladesh also retain a slim chance of progression.

In Thursday’s first game, India chased a below-par 137 at Old Trafford as opener Shafali Verma struck 53 from 34 balls, and they reached their target in 16.5 overs.

But if they are to overcome the unbeaten Australians, India’s fielding will need to improve significantly. A sloppy performance saw them drop four catches in the first five overs and the innings was littered with misfields.

Despite that, there was a glaring difference in quality between the teams as Bangladesh were unable to punish the mistakes as they scraped to 136-8.

Juairiya Ferdous top-scored with 33 while captain Nigar Sultana Joty added 32, but India’s spin-heavy approach prevailed once more as Radha Yadav took 3-28 and Sree Charani 2-21.

India lost Smriti Mandhana early before Shafali took charge and the chase slowed after her dismissal in the ninth over, but Jemimah Rodrigues’ 26 from 15 helped them over the line.

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South Korea touts economic package in Canada submarine bid

A model of the KSS-III Submarine from South Korean company Hanwha Ocean is on display at the Defense and Security 2023 exhibition, a Tri-Service defense and internal security showcase, at IMPACT Muang Thong Thani in Nonthaburi province, Thailand. Photo by NARONG SANGNAK / EPA

June 24 (Asia Today) — Economic benefits are emerging as a potential deciding factor in Canada’s competition to acquire a new submarine fleet, with South Korea promoting a broad industrial cooperation package to counter a larger economic-impact proposal from Germany.

Canada is preparing to select a preferred bidder for the Canadian Patrol Submarine Project, a program worth as much as 60 trillion won ($39.2 billion).

German shipbuilder TKMS and South Korea’s Hanwha Ocean are the two qualified suppliers remaining in the competition.

Canadian Secretary of State for Defense Procurement Stephen Fuhr said this week that both proposals meet the Royal Canadian Navy’s requirements, according to industry officials.

With the technical assessment effectively completed, the economic and industrial benefits offered by each bidder could become increasingly important in the final evaluation.

Based on publicly disclosed projections, TKMS appears to have proposed the larger economic contribution.

The German company said its proposal could generate 160 billion Canadian dollars in economic activity and add 86 billion Canadian dollars to Canada’s gross domestic product over the life of the program.

It also projected employment totaling more than 650,000 job-years.

Hanwha Ocean said South Korea’s proposal could support more than 22,500 Canadian jobs annually, equivalent to more than 400,000 job-years, and generate approximately 94.1 billion Canadian dollars in cumulative GDP contributions.

Industry officials said the scale and feasibility of the proposed partnerships may be more important than a direct comparison of headline figures.

Hanwha Ocean has established partnerships with more than 100 Canadian companies, universities and other organizations.

HD Hyundai Group has proposed several billion dollars in cooperation across the energy, commercial shipbuilding and naval sectors.

Hyundai Motor Group is also supporting the broader South Korean proposal through Project Beaver, an initiative intended to establish a hydrogen mobility ecosystem in Canada.

The effort is part of a government-backed package that seeks to position South Korea as a long-term industrial and security partner rather than simply a submarine supplier.

Germany is also offering substantial government and industrial support.

TKMS has emphasized its cooperation with Norway, which is jointly developing and acquiring Type 212CD submarines with Germany.

Norway has offered to share experience involving submarine design and maintenance, repair and overhaul systems.

The German proposal also highlights the benefits of integrating Canada into an existing supply and support network among North Atlantic Treaty Organization allies.

Sustainment carries greatest weight

Canada’s evaluation structure places the greatest emphasis on the ability to support the submarines throughout their operational lives.

Sustainment accounts for 50% of the assessment, while the submarine platform itself represents 20%.

Financial considerations account for 15%, with strategic and economic partnerships making up the remaining 15%.

The weighting indicates that Canada’s primary concern is not simply acquiring advanced submarines but ensuring that it can operate and maintain them reliably for several decades.

Some industry observers have cautioned that excessive attention to economic projections could distract from the program’s core defense objectives.

Both South Korea and Germany have proposed major investments, local partnerships and job-creation plans.

Critics say an escalating competition over economic promises could transform a military procurement decision into a broader contest for foreign investment.

The figures presented by the bidders are also based on different assumptions, industries and time periods, making direct comparisons difficult.

The projected employment numbers may include jobs supported for multiple years rather than distinct permanent positions.

“The technological capabilities, delivery competitiveness and industrial cooperation package offered by South Korean shipbuilders are clear strengths,” a South Korean shipbuilding industry official said.

“Both countries are making an all-out effort, so it remains difficult to predict the outcome before the final decision.”

South Korea stresses delivery and industrial ties

Hanwha Ocean is offering a Canadian version of its KSS-III submarine, a platform developed for and operated by the South Korean Navy.

South Korea has emphasized its shipbuilding capacity and ability to deliver vessels within Canada’s accelerated timetable.

The proposal also includes Canadian participation in construction, maintenance, technology development and supply chains extending beyond the submarine program.

South Korean companies have pursued cooperation with Canadian businesses in steel, automotive manufacturing, artificial intelligence, aerospace, energy and critical minerals.

The package is intended to demonstrate that selecting Hanwha Ocean would produce economic benefits across multiple regions and industries in Canada.

TKMS, meanwhile, is offering a submarine supported by the German and Norwegian governments and an established European defense network.

Its proposal stresses operational compatibility with NATO allies, shared training and access to a multinational submarine supply chain.

Canada is expected to announce its preferred approach between late June and early July. Industry officials said a decision could come as early as this week.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260624010008524

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South Korea childbirths soar to highest level in 7 years in April

The number of babies born in South Korea shot up 18 percent in April, reaching a seven-year high, government data showed Wednesday. This file photo, taken April 22, shows newborns at a hospital in Goyang. File Photo by Yonhap

The number of babies born in South Korea shot up 18 percent in April from a year earlier, reaching the highest level in seven years, government data showed Wednesday.

A total of 24,521 babies were born in April, up from 20,787 a year earlier, according to data from the Ministry of Data and Statistics. It marked the highest figure for any April since 26,104 babies were recorded in 2019.

Over the January-April period, the total number of births came to 99,534, also the highest in seven years, up a sharp 15.5 percent from a year earlier.

The number of births grew at a record rate for both April and the January-April period.

The country’s total fertility rate, the average number of children a woman is expected to have in her lifetime, rose by 0.13 from a year earlier to 0.93 in April.

The number of newborns has been on an upward trend since July 2024.

Experts attribute the recent growth to an increase in the number of marriages, along with a more positive perception of childbirth.

The rate still remains well below the 2.1 births per woman needed to maintain a stable population without immigration.

The number of marriages in April rose 9 percent from a year earlier to 20,622. It was also the highest figure since 22,844 was recorded in April 2016.

The number of divorces, meanwhile, rose 7.3 percent from a year earlier to 7,829.

The data showed the number of deaths fell 1.3 percent from a year earlier to 28,405, resulting in a natural population decline of 3,884.

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Unpaid household care for South Korean children valued at $75B

A chart illustrates how the estimated value of unpaid household labor is transferred among children, working-age adults and older people in South Korea. Information from Ministry of Data and Statistics. Infographic by Asia Today and translated by UPI

June 23 (Asia Today) — The estimated value of unpaid household services consumed by South Korean children totaled 116.6 trillion won ($75.3 billion) in 2024, with parents and grandparents providing much of the work, government data showed Tuesday.

The Ministry of Data and Statistics published the findings in South Korea’s 2024 National Time Transfer Accounts, which measure how unpaid household work is produced, consumed and transferred among age groups.

The account covers services that are generally excluded from gross domestic product, including cooking, cleaning, household management, caregiving and volunteer work.

The figure does not represent money that families paid for child care. It estimates the market value of unpaid services by using the time spent on household work, population figures and the wages that would be required to hire someone to perform similar tasks.

Children ages 14 and younger recorded a household-work lifecycle deficit of 116.6 trillion won because they consumed unpaid services but did not produce them.

A lifecycle deficit occurs when the value of household services consumed by an age group exceeds the value it produces.

About 107.3 trillion won ($69.3 billion), or 92% of the children’s deficit, was covered through transfers within the same household. This category largely represents time and labor provided by parents and other family members living with the children.

An additional 9.4 trillion won ($6.1 billion) came through transfers between households, which can include care provided by relatives living separately.

Working-age people between 15 and 64 produced unpaid household services valued at 444.4 trillion won ($287 billion) and consumed services worth 336.1 trillion won ($217 billion).

That left the group with a surplus of 108.3 trillion won ($69.9 billion).

The working-age population transferred a net 104.6 trillion won ($67.5 billion) in unpaid services to other members of the same households, primarily children.

The data show that people in their 30s and 40s, who are often raising young or school-age children, were at the center of the transfer system.

On a per-person basis, the household-work surplus reached its highest level at age 39, at 10.35 million won ($6,700).

Older South Koreans also made a net contribution.

People ages 65 and older produced household services valued at 138 trillion won ($89.1 billion) while consuming 129.7 trillion won ($83.8 billion), leaving a surplus of 8.3 trillion won ($5.4 billion).

They transferred a net 5.7 trillion won ($3.7 billion) in services between households. The ministry said the pattern reflects contributions such as grandparents caring for grandchildren who live in separate households.

Per-person household production peaked at age 40, declined and then increased again after retirement, producing what the ministry described as an M-shaped pattern.

Unpaid housework and care for grandchildren contributed to the later increase.

The lifecycle deficit was highest at birth, reaching 37 million won ($23,900) per person.

The balance shifted into a surplus at age 28, reached its peak at age 39 and returned to a deficit at age 82.

Those ages do not indicate when income begins to exceed personal spending. They show when the estimated value of unpaid household services a person produces becomes greater or smaller than the value of services the person consumes.

Household-service consumption was highest at birth and lowest at age 19, forming an L-shaped pattern.

Compared with 2019, the total deficit for children declined by 7.5 trillion won ($4.8 billion). Surpluses among working-age and older people also decreased.

The results provide a broader measure of the economic contributions made inside families, including work performed by parents and grandparents that does not appear in conventional income or production statistics.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260623010008145

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South Korea’s LS Electric builds Utah growth on Korean War ties

South Korean soldiers escort a group of Korean War veterans from Commonwealth nations during a ceremony marking the 73rd anniversary of the Battle of Kapyong, in Gapyeong County, northeast of Seoul, South Korea. The Battle of Kapyong, from 22 to 27 April 1951, was fought between United Nations Command forces composed mainly of Canadian, Australian, and New Zealand troops, and invading Chinese forces along the Gapyeong (Kapyong) River valley. Photo by YONHAP / EPA

June 23 (Asia Today) — South Korean power equipment maker LS Electric is strengthening its ties with communities in Utah by honoring Korean War veterans and investing in local education as it expands in the fast-growing North American power market.

Demand for power equipment has surged as artificial intelligence companies build more data centers across North America. Against that backdrop, LS Electric Chairman and Chief Executive Officer Ja-Kyun Koo has emphasized what the company describes as a management strategy based on long-term trust with local communities.

LS Electric said Koo has pursued the strategy through LS Electric Utah, formerly MCM Engineering II, in Cedar City. The South Korean company acquired the operation in 2022 and has since directed an expansion of its production facilities.

Koo has highlighted a Korean War engagement involving soldiers from southern Utah as a historical link between the state and South Korea.

On May 26, 1951, 240 members of the Utah National Guard’s 213th Armored Field Artillery Battalion encountered a Chinese force of more than 4,000 troops near Gapyeong in Gyeonggi Province.

The engagement became known in Utah as the “Miracle at Kapyong.” Accounts maintained by the Utah National Guard say the soldiers fought off the advancing force without losing a member of the unit in the battle.

Families and descendants of the veterans remain part of the community around Cedar City, where LS Electric Utah is based.

Koo said the soldiers’ service in an unfamiliar country demonstrated the kind of courage and commitment that a Korean company operating in Utah should recognize.

LS Electric this year sponsored a Southern Utah University program supporting Korean War veterans. The company also paid the travel expenses of surviving veterans who visited South Korea in May for a ceremony marking the 75th anniversary of the Utah unit’s action near Gapyeong.

The company has also supported the development of science, technology, engineering and mathematics education facilities at Southern Utah University as part of its efforts to train workers for the region’s future industries.

LS Electric joined a separate initiative led by the Korea Chamber of Commerce and Industry to connect Korean companies operating in the United States with veterans who previously served with U.S. Forces Korea.

The company said the program could help Korean businesses recruit workers who already have experience with South Korea and its culture.

LS Electric’s community engagement has accompanied a sharp increase in orders for equipment used in North American data centers.

Korea Investment & Securities said LS Electric secured two North American data center equipment projects during the second quarter with a combined value of 489.3 billion won, or about $318 million.

The brokerage expects the company’s North American data center orders to increase by more than 50% from a year earlier and surpass 1.5 trillion won, or about $974 million, in 2026.

“Today, our firm footing in the U.S. market rests on the noble sacrifice of Utah veterans who fought for freedom and peace,” Koo said.

“Remembering and honoring the heroes who created the Miracle at Kapyong is a responsibility that companies should fulfill,” he said.

Koo said businesses built on strong relationships with their communities would be better positioned to achieve stable, long-term growth.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260623010008080

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Women’s T20 World Cup: results: Marizanne Kapp stars as South Africa beat India to keep hopes alive

Women’s T20 World Cup, Group 1, Manchester

India 158-7 (20 overs): Verma 31 (15); Kapp 2-27, Ismail 2-28

South Africa 161-4 (19.1 overs): Kapp 81 (45); Charani 3-24

South Africa won by six wickets

Scorecard, Table

Marizanne Kapp struck a powerful unbeaten 81 as South Africa beat India by six wickets to keep their World Cup hopes alive.

Having taken 2-27 with the ball, the all-rounder struck seven fours and four sixes in a 45-ball innings as the Proteas chased down a target of 159 with five balls to spare.

Kapp joined Tazmin Brits at the crease at 25-2 in the final over of the powerplay and the pair began slowly, only reaching 59 at the halfway mark, before steadily beginning to accumulate.

With their partnership three short of a century Brits departed for a 36-ball 40, caught in the deep off Shafali Verma, while Kapp survived a drop by Radha Yadav later in the over.

She took advantage, hammering two sixes in Deepti Sharma’s penultimate over, before Chloe Tyron edged a winning four off Nandni Sharma.

India captain Harmanpreet Kaur – playing a record 200th T20 international – had chosen to bat and Shafali Verma got her side off to a strong start, striking three fours and a six in a 15-ball 31.

Her innings helped India reach 59-2 at the end of the powerplay, but by that point both openers were back in the dugout, with Smriti Mandhana bowled having missed a scoop shot and Verma gloving a short ball behind.

India were unable to press on from their platform, with none of their subsequent batters managing to outscore Shafali.

Deepti threatened for a time, striking 29 from 21 deliveries, but both she and Richa Ghosh chipped tamely to short fine leg as India closed on 158-7.

South Africa now join their opponents on four points, behind group leaders Australia on six.

They have fixtures with Bangladesh and the Netherlands to play, while the result likely makes India’s match against Australia at Lord’s on 28 June crucial to the outcome of the group.

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U.S. to end funding for South Africa’s HIV programs over policy issues

President Donald Trump, pictured meeting with South African President Cyril Ramaphosa in May 2025, plans to end U.S. funding for HIV programs in South Africa over political differences, State Department officials said on Friday. File Photo by Jim Lo Scalzo/UPI | License Photo

June 19 (UPI) — The Trump administration plans to stop funding HIV programs in South Africa under the President’s Emergency Plan for AIDS Relief over policy differences.

The U.S. State Department is winding down the funds South Africa receives from PEPFAR to care for the roughly 8 million people there who are living with HIV, Semafor, Politico and The BBC reported.

PEPFAR was launched in 2003 by former President George W. Bush and, over the last two decades, has partnered with health authorities in more than 50 nations to save 25 million lives and prevent millions of new HIV infections, State Department figures show.

President Donald Trump in a February 2025 executive order accused South Africa of permitting discrimination against white Afrikaners and has slowly pulled back U.S. funding for its HIV programs over the last year.

“The United States has decided to initiate a phased drawdown of PEPFAR programming in South Africa following South Africa’s failure to make demonstrable progress on policy requests by the administration,” State Department officials told Semafor.

Upon retaking office in 2025, President Donald Trump took aim at the program as part of his administrations efforts to slash federal government spending, with specific attention paid to South Africa, which has the largest number of people living with HIV in the world.

Since 2003, more than $8 billion has been sent to South Africa to both care for people living with HIV and distribute medications that can prevent spread of the virus, though funds sent there have been halved in each of the last two years.

South African President Cyril Ramaphosa earlier this month announced that the country was working Gilead to launch the company’s twice-yearly HIV prevention drug Lenacapavir, generic versions of which are set to be manufactured and sold there.

Experts have raised concerns that ending support for PEPFAR programs could lead to millions more HIV infections globally, potentially canceling out 20 years of progress against the virus.

The Trump administration and some of its Republican allies in Congress have said, however, that the program was never meant to be permanent and should be wound down.

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China rebukes U.S. deterrence talks with South Korea, Japan

China’s Foreign Ministry spokesperson Lin Jian speaks during a press conference at the Ministry of Foreign Affairs in Beijing, China. Photo by WU HAO / EPA

June 18 (Asia Today) — China expressed strong opposition Thursday to recent U.S. extended deterrence talks with South Korea and Japan, warning that expanded nuclear cooperation could increase the risks of nuclear proliferation and conflict.

Chinese Foreign Ministry spokesman Lin Jian said Beijing was “deeply concerned” about efforts by the United States and Japan to strengthen extended deterrence.

Lin was responding at a regular news briefing to a question about the Japan-U.S. Extended Deterrence Dialogue and the sixth meeting of the U.S.-South Korea Nuclear Consultative Group. Japan and the United States held their talks in Tokyo from June 8 to 9, while Seoul and Washington held their meeting in South Korea.

“Extended deterrence is a product of the Cold War,” Lin said. “Certain countries have strengthened nuclear deterrence cooperation for geopolitical purposes, increasing the risks of nuclear proliferation and nuclear conflict.”

Lin said many countries had expressed serious concern and strong opposition to extended deterrence arrangements during review conferences for the Nuclear Non-Proliferation Treaty.

He reserved his strongest criticism for Japan, which has recently been embroiled in heightened tensions with China.

“Japan has long advocated building a world without nuclear weapons, but in reality, it has continued to increase its dependence on the so-called nuclear umbrella,” Lin said.

He accused Japanese officials of making “dangerous remarks” about potentially acquiring nuclear weapons, saying such discussions pose a serious challenge to the post-World War II international order and the global nuclear nonproliferation system.

Lin urged Japan to reflect on its conduct, fulfill its obligations under the Nuclear Non-Proliferation Treaty, abide by its three non-nuclear principles and refrain from seeking nuclear weapons in any form.

His warnings to the United States and South Korea were less severe.

Lin urged Washington to abandon its “Cold War mentality,” stop what he described as provocative policies and abolish nuclear-sharing and extended deterrence arrangements.

He said the United States should take concrete action to protect regional peace and security and maintain global strategic stability.

Addressing South Korea, Lin said Beijing hoped Seoul would “act cautiously and do more things that contribute to regional stability.”

During the same briefing, Lin also criticized plans by Group of Seven leaders to reduce their dependence on China for rare earth elements and other critical minerals.

He urged the group to follow market economy principles and international trade rules and to stop using the rules of “small groups” to undermine the international economic and trade order.

China has said its export control system is consistent with international practices and intended to protect regional stability and meet its nonproliferation obligations.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260618010006688

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South Korea unveils open model of its national power grid

A single-line diagram shows the GIST 2217-Bus Test System, an open simulation model of South Korea’s national power grid. Courtesy of Gwangju Institute of Science and Technology

June 19 (Asia Today) — South Korean researchers have developed an open simulation model that digitally reproduces the structure of the country’s power grid, allowing researchers to study the domestic electricity system without using classified infrastructure data.

The Gwangju Institute of Science and Technology said Friday that its Power Grid Research Center developed the GIST 2217-Bus Test System using only publicly available maps and electricity statistics.

A bus is a connection point within a power system where electricity is generated, transmitted or distributed.

The institute said the model could improve South Korea’s power grid research environment, which has largely depended on foreign test systems developed around electricity networks with different geographical and operational characteristics.

The project is part of an effort by the research center, which opened in September, to establish the foundation for a next-generation South Korean power grid research platform.

Computer simulations are needed to analyze how electricity moves through transmission networks and to ensure that power generated at plants can be delivered reliably to homes and industrial facilities.

Detailed information about South Korea’s actual power grid is not publicly available because it is considered sensitive national infrastructure data. Domestic researchers have therefore relied on foreign test systems, including models provided by the Institute of Electrical and Electronics Engineers.

Researchers said those models have limitations when applied to South Korea.

Many of the country’s power plants are concentrated along coastal areas, while a large share of electricity demand is centered in the Seoul metropolitan area. That structure differs significantly from the foreign grids represented in existing research models.

The GIST team constructed its model without using confidential grid data. Researchers instead combined publicly available geographical information with national electricity statistics.

The completed system contains 2,217 buses and about 3,700 transmission circuits. It represents connections among major power plants and substations across South Korea, including links between the mainland and Jeju Island.

GIST said the model produced stable calculations under conditions simulating peak electricity demand during the summer, demonstrating sufficient reliability for power system research.

The institute released the grid dataset, map and construction and analysis tools for public use. Researchers and companies can download and use the materials without obtaining separate permission.

The model could be used to study how much additional solar and wind power can be connected to the grid, responses to blackouts, grid operations during the transition to carbon neutrality and artificial intelligence-based electricity management systems.

Kim Yoon-soo, director of the Power Grid Research Center, said he hopes the model will serve as both a starting point and a shared platform for research on South Korea’s electricity system.

“We will continue updating the model as the power grid changes and incorporate the actual operating characteristics of generators and renewable energy facilities,” Kim said.

He said the center intends to develop it into a South Korean power grid platform that can be used jointly by domestic researchers and companies.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260619010006836

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The New East India Companies: How Tech Giants Are Colonizing the Global South for AI

For decades, historian’s discussion about colonialism has revolved around large armies, territorial conquests and vast empires. Yet, they often fail to focus on the fact that one of the most powerful empires did not begin with soldiers – it emerged because of corporations. The British East India Company, in 1600 started its commercial activities in the sub-continent, initially as a trading merchandise seeking profit in foreign markets. Within the period of two centuries, it acquired its own military, expanded its territorial influence, and started acting as a ruling government that ultimately blurred the difference between private capitalist enterprises and sovereign national authority. More than two hundred years later, Artificial Intelligence (AI) is the latest incarnation of that colonial legacy. Unlike previous forms of colonialism of territory and resources, this control is primarily centered around data, algorithmic decision-making systems, and automated computation. Their territories are not like land, it is the dominance over data ecosystems; their currency is not raw materials, it is ‘data’, and their empires are not built on castles, but are gigantic ‘data-centers’. Instead of emancipation for the marginalized, this technology creates new forms of dependency known as ‘digital dependency’.  

The 21st century is witnessing a growth of an imperial empire that is built on establishing control over datasets, computational power, and algorithmic sovereignty. Where a few Chinese and American tech giants such as NVIDIA, Amazon Web Services, Google Cloud, and Microsoft Azure are controlling the digital markets through complete ownership of cloud platforms, chip production, and algorithmic intelligence. These hegemonic corporations act as imperial powers that perpetuate similar inequalities to traditional colonists, in which the global south risks becoming a resource for the tech giants. The comparison might seem like an exaggeration, but in reality AI colonialism follows similar patterns. Historically great economies were built on extraction; they extracted raw materials from peripheries, and then the industrial base at the center transformed into a worthy product, geopolitical influence, innovation, and wealth. Cotton flowed from subcontinent to Britain; rubber moved from southeast Asia to European countries, while minerals obtained from Africa were sent to imperial empires.

Today, the AI economy adopts an akin model where “data” is the vital material for digital functioning.  Millions of people from the south utilize these platforms; every search, GPS location, digital personal profile, and digital transaction becomes part of the data ecosystem that is required for its training, but their economic value is located elsewhere. It is particularly evident in African countries, where millions of people rely on these foreign platforms for information. Their data from search engines, digital databases, and social media, is then used to train the AI models, whilst the African community receives little economic benefit or no influence over how these technologies are deployed in their region. By controlling these giant data ecosystems, these tech conglomerates also gain leverage over their political, social, cultural, and economic affairs. Even though having a digital footprint is a sign of progress, when it is foreign owned or funded by external actors, it can be manipulated as imperialistic power that not only controls the data system, but also significantly affects the local traders and businesses.

Similar to east India companies, these tech corporations operate across national jurisdictions, shape economic trajectories and influence domestic governments to sustain their digital dominance. They shape information systems, and their regimes of truth. They decide which technology should be introduced in the market, at what cost, what conditions, and for whom. The east India company governed India not through military conquests but because the local leaders became dependent on the commercial and political networks controlled by the corporation. Their economic dependency paved the way for the east India company’s takeover. Today, the danger is not that the tech corporations will rule the state directly, rather it is the fear that the national governments will become so dependent that the exercises of their sovereign autonomy will be meaningless. AI colonialism is at the front, recreating the colonial dependency traps.

Another manifestation of ‘digital colonialism’ in the global south is the extraction of data through coercive bundles of consent forms. Most people from third-world countries click ‘accept all’ to install an app or to log into a website without reading its full contents. It is an illusion of ‘choice’ created by these companies, but in actuality, these people have no choice. If they ‘refuse’ to click they might lose their access to digital accounts, bank apps, or mobile services. Colonial powers used a similar tactic of ‘terra nullius’ ­to lay claim on foreign land and resources. The new digital ecosystems are now integrating modern forms of terra nullius to govern the global data and algorithmic infrastructures. In addition to controlling the databases, the new AI colonial world order exploits the cheap labor services of the global south to maximize their profits. During Venezuela’s economic crisis, the prime educated force was readily exploited as ‘cheap labor’ by the Silicon Valley. In exchange for survival income, they were exposed to precarious working conditions, pay-cuts, unstable contracts. This reflects that the AI colonialism is following the legacy of historical empires step-by-step; controlling foreign ecosystems, exploiting cheap labor, and profiting over their raw materials.

The digital hegemony in the global south extends beyond economical matrix; it is the struggle over political influence, power, and raw materials that will ultimately determine who will produce the knowledge, who controls the technology, and who profits off the wealth generated by AI ecosystems. Colonial history should not be merely viewed as the ancient past, but as a lesson to reject the ‘modern empires’. In order to do so, the global south must invest in indigenous technology companies, data systems and regulatory digital frameworks to protect the local’s data. Unless the global south acts collectively against AI colonialism, it may again serve as a colony supplying critical resources that enrich others whilst itself remains excluded from the global power centers. 

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