Category: Seoul, South Korea Travel

US moves parts of controversial missile defence to SKorea

SEOUL, Korea, Republic Of – U.S. missile launchers and other equipment needed to set up a controversial missile defence system have arrived in South Korea, the U.S. and South Korean militaries said Tuesday, a day after North Korea test-launched four ballistic missiles into the ocean near Japan. The plans to deploy the Terminal High-Altitude Area Defence system, or THAAD, by the end of this year have angered not only North Korea, but also China and Russia, which see the system’s powerful radars as a security threat.

Key retailer stocks suffer extended loss…

Stocks of major retailers and their affiliates with business ties to China continued to plunge early Monday morning, as Beijing has intensified its measures against South Korea in what appears to be retaliation for the deployment of an advanced US anti-missile battery. Shares of retail giant Lotte Group affiliates were hammered, with Lotte Shopping Co.

China’s ‘unofficial’ sanctions rattle South Korea

South Korean businesses were rattled Friday by signs that the deployment of a controversial U.S. missile system in the country could spark a travel boycott by China. The government in Seoul said it believed Chinese authorities had told travel agencies in Beijing to stop selling trips to South Korea, intensifying fears of a trade war between the neighbors.

A Hyperloop-esque plan is taking shape in South Korea

As the likes of Hyperloop One move toward implementing their technology, competitors around the world are showing an interest in similar high-speed transportation systems. Having apparently taken note of Elon Musk’s plan for a super-fast ” Hyperloop ” transportation system, engineers in South Korea are now working on their own remarkably similar technology.