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Showing posts with the label South Korea

UAE pledges $275 million for historic nuclear energy project

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  Along with partners from the US, Japan, and South Korea, UAE has promised its assistance for an investment of up to $275 million in a nuclear energy project in Romania. The UAE's investment will be used to deploy a NuScale Small Modular Reactor (SMR) in Romania with the help of the Emirates Nuclear Energy Corporation (ENEC). ENEC will help with critical areas including procurement, engineering, and project management by drawing on its experience building and running light water reactors. The Partnership for Accelerating sustainable Energy (PACE), a global project to encourage the adoption of sustainable energy, made this statement during the G7 Summit in Japan. US President Joe Biden. In order to install 100 additional gigawatts of renewable energy capacity by 2035, PACE was established at COP27 in Egypt in November 2022 with the goal of mobilizing $100 billion in funding, investments, and other types of support. After working together in the energy industry for many years, the ...

The UAE will invest nearly $30 billion in South Korea, strengthening diplomatic and commercial ties

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According to the country's Minister of State for Foreign Trade, the United Arab Emirates (UAE) plans to invest $30 billion in South Korea over the next few years. This investment plan is the result of a recent meeting between the two countries, during which they discussed investment opportunities in priority fields, deepening their already strong diplomatic and trade ties. Renewable energy, information and communications technology (ICT), and biotechnology were among the priority fields discussed at the meeting. These fields are expected to play a significant role in global trade and investment in the future, and the UAE-South Korea partnership aims to tap into them to create new opportunities for growth and development.  The meeting also aimed to put into action the earlier signed Memorandum of Understanding (MoU) between the two countries. The MoU's goal is to promote cooperation in a variety of fields, including trade, investment, tourism, and energy. The implementation o...

Seoul gets rid of women-only parking spaces

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  In a move critics say is the latest example of anti-feminist policies in South Korea , Seoul is getting rid of women-only parking spaces, 14 years after they were introduced following a spate of violent crimes in basement car parks. Such spots, initially instated as a protection for women, aren't necessary anymore, city officials say. They will be converted to family parking spots, with the city government planning to start the conversion at the end of March. "I feel safer when I use them, that there are not so many dangerous people close by," 55-year-old Chung Eun-Jung said. Her daughter expressed her disappointment at the fact that her mother would now feel less safe. "It is not like half the car park is dedicated to women; it is only a few spots," said 27-year-old Park Young-seo. In the capital city of Seoul, public car parks with over 30 spaces were required to allocate 10% to women. In an effort to prevent women from walking long distances through basemen...

Leaders of UAE and South Korea join celebrations at Barakh point, issue joint declaration on climate change

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  Yoon Suk Yeol, President of the Republic of Korea, and His Highness Sheikh Mohamed bin Zayed Al Nahyan today visited the Barakah Nuclear Energy Plant in Al Dhafra, Abu Dhabi, UAE , to celebrate the completion of Unit 3 and see how the plant is progressing. The recent signing of a number of government-level agreements and the Presidential visit is part of efforts to strengthen the Special Strategic Partnership between the UAE and South Korea. The Barakah Plant, the first civil nuclear energy plant in the Arab World and the biggest source of clean electricity in the area, was commended by the two leaders for its extraordinary accomplishments over the course of more than a decade. The Barakah Plant, which produces clean, zero-emission electricity and sustainably powers the UAE, was visited by Sheikh Mohamed bin Zayed and Yoon. The two leaders observed the continued operation of Units 1 and 2, the completion of Unit 3, and the advancements made on Unit 4 in order to hasten the ...

South Korea, US to conduct nuclear tabletop drills in February

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  In an effort to better confront the North's nuclear threats, South Korea and the US will conduct tabletop drills next month that would involve the US extended deterrence programme, the South Korean defence minister announced on Wednesday. The number of missile launches by North Korea in 2018 was unprecedented, and U.S. officials have warned that the country may be gearing up for its first nuclear device test since 2017. The timing of the discussions to advance collaborative nuclear planning and commence tabletop exercises has not yet been determined, according to officials in both capitals. Following a New Year's strategy briefing for President Yoon Suk-yeol, South Korean Defense Minister Lee Jong-sup stated at a news conference that the two nations will conduct tabletop exercises in February under the assumption that North Korea would launch nuclear attacks.

Will ‘Kim Yo Jong’ be the name of North Korea’s Supreme Leader soon?

Kim Jong-un, Supreme Leader of North Korea is the name that floods in the Internet with most of news articles, probably after Corona Pandemic. Kim Jong-un Kim Jong-un is a North Korean politician serving as Supreme Leader of North Korea since 2011, and has served as Leader of the Workers' Party of Korea since 2012. Kim is the second child of Kim Jong-il, who was North Korea's second leader from 1994 to 2011, and Ko Yong-hui. Kim Jong Un has skipped one of Pyongyang's most important and largest holidays - the birthday commemoration of his grandfather and the country's founder, Kim Il Sung. Kim Jong-un's health and rumours North Korean Leader Kim Jong-un's absence during the birthday commemoration of his grandfather is unusual which was his first absence since taking power in 2011. Rumours and speculation over the North Korean leader's health began after he did not appear at a key state holiday on April 15. He has not been seen in public since. T...

US can send on vacation 9 thousand South Koreans working at military bases

The US military contingent command (USFK) in the Republic of Korea warned that it would be forced to send about 9,000 South Korean nationals from the staff of American military bases in the country on unpaid leave if Washington and Seoul could not soon decide on the distribution of joint defense   expenses.   This is stated in a statement released by the USFK on Wednesday.   "Due to the expiration of the agreement on special measures from 2019 and the absence of a new agreement, the command of the US armed forces in South Korea notified South Korean officers about the possibility of sending them on unpaid leave from April 1, 2020," the document says.   On January 16, the Republic of Korea and the United States unsuccessfully completed the sixth round of negotiations in Washington on the issue of sharing the costs of maintaining the American military contingent on the Korean Peninsula.   The previous agreement expired on December 31, 2019.   S...