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Category Archives: Ch’ungch’Ong-Namdo, South Korea
South Korea's Navy conducted sea drills in the country's eastern and southern waters Monday on the eighth anniversary of a deadly torpedo attack by North Korea, a defense official said. More than 10 warships were mobilized, along with aircraft, with exercises in the Yellow Sea canceled due to bad weather.
Geopolitical tensions flare every spring on the Korean peninsula, but analysts say the anxiety of recent weeks has been magnified by the unpredictable new player in the annual drama: Donald Trump. North Korea always intensifies its rhetoric when Seoul and Washington stage annual large-scale joint military drills that it condemns as rehearsals for a potential invasion.
An advisor to former U.N. Secretary-General Ban Ki-moon, a potential presidential contender, on Tuesday offered a glimpse into his economic policy that aims to upgrade South Korea's capitalism model blamed for economic polarization. Speaking to Yonhap News Agency, Kwak Seung-jun, an economics professor at Korea University, put forward three key words to outline Ban's economic policy: "warm" market economy, upgraded capitalism and institutions in line with global standards.