Korea Times Business Reporter
Kang Seung-woo is the Business Desk editor at The Korea Times. Prior to this position, he covered politics, national affairs, finance and sports.
Former President Park Geun-hye attended a flamboyant military parade marking the 70th anniversary of the end of World War II in Beijing in 2015, standing on the reviewing stand at Tiananmen Square alongside Chinese President Xi Jinping and Russian President Vladimir Putin.
Russian President Vladimir Putin and North Korean leader Kim Jong-un shake hands during their meeting at the Vostochny Cosmodrome in the far eastern Amur region of Russia, Wednesday. AP-YonhapKim pledges Pyonyang's full-fledged support in fight against WestBy Kang Seung-woo North Korean leader Kim Jong-un and Russian President Vladimir Putin held a summit, Wednesday, at the Vostochny Cosmodrome, a space station in Russia's far eastern Amur region, where Pyongyang received assurances of Moscow's assistance in satellite technology.In the lead-up to the much-heralded meeting between Kim and Putin, there had been growing speculation over a possible arms deal. In addition, the venue for the summit also indicated that the two are interested in talks to exchange Moscow's military technology for Pyongyang's artillery shells for use in Ukraine. Russian President Vladimir Putin and North Korean leader Kim Jong-un visit the Vostochny Cosmodrome outside of the town of Tsiolkovsky, some 180 km north of Blagoveschensk in Russia's Amur region, Wednesday. EPA-YonhapRussia is becoming more desperate
A Korean GPS Guided Bomb is loaded on an FA-50 light attack aircraft at the Republic of Korea Air Force's Eighth Fighter Wing in Wonju, Gangwon Province, Aug. 31. Courtesy of Republic of Korea Air Force By Kang Seung-wooLIG Nex1 will participate in the 2023 International Defence Industry Exhibition (MSPO) in Poland, scheduled to take place Tuesday (local time), where it will showcase various guided weapons. The MSPO, Poland's annual national defense fair established in 1993, is the third-largest defense trade show in Europe after Eurosatory in Paris and Defence and Security Equipment International in London. Poland has selected Korea as the lead nation for this year's exhibition, a role that presents the opportunity to deliver an opening ceremony speech and hold senior-level meetings and joint seminars. Korea was also selected to be the lead nation in 2017.According to the Yongin, Gyeonggi Province-based company, it will showcase its airborne guided weapons such as Korean GPS Guided Bomb (KGGB) and Korean Air-Launched Cruise Missile (KALCM), along with land-based weapon systems inclu
Police officers, along with a sniffer dog, search the National Tax Service's headquarters at government complex in Sejong, Thursday, after an email sent to the foreign ministry said bombs had been planted at major facilities nationwide. Five emails, believed to have been sent from Japan, contained threats to blow up Korea's major facilities, including the Supreme Court and Seoul City Hall. Yonhap
Two FA-50GFs, below, which have been delivered to the Polish Air Force, make their maiden flight alongside a MiG-29 fighter over Warsaw, Poland, Tuesday (local time), to celebrate the Central European country's Armed Forces Day. The two light attackers, manufactured by Korea Aerospace Industries, are the first in a shipment of 48 FA-50s that Poland purchased last year. Courtesy of Korea Aerospace Industries
By Kang Seung-wooRecently, there is a growing sentiment that elderly motorists should be banned from driving as fatal crashes involving older adult drivers are on a sharp rise in Korea. Proponents of the ban are claiming that, those who are advanced in years, experience faster declines in cognitive function and physical health compared to previous decades. By the same logic, there is an increasing awareness of the need for certain measures to check aging politicians' fitness for office through, for example, a cognitive test or even by enacting legislation to specify maximum age limits for their retirement. The reason is that their decision-making can change the direction of the country despite their cognitive decline, which prompts many to reach a consensus that it is necessary to take a more serious approach to the matter. Coincidentally, the issue of aging politicians is resurfacing in the United States. According to U.S. media outlets, U.S. Senate Minority Leader Mitch McConnell, 81, suddenly froze for over 20 seconds during a press conference late last month and was walked away
Korea Aerospace Industries (KAI) CEO Kang Goo-young, back row six from right, poses with Polish Air Force officers and KAI staff during his visit to a Polish air base in Minsk, Wednesday (local time). Last September, Poland signed a deal with KAI to purchase 48 FA-50 light attackers with the first two aircraft being delivered to the Central European country earlier this week. KAI plans to deliver a total of 12 FA-50GFs to Poland by the end of this year. Courtesy of Korea Aerospace Industries
Wynn Palace Cotai / Courtesy of Wynn Palace CotaiBy Kang Seung-woo Wynn Resorts will participate in the “Experience Macao, Unlimited ― Macao Promotion in Korea” roadshow later this week in Seoul, in which it will promote its two properties in the “Las Vegas of Asia.”Organized by the Macao Government Tourism Office (MGTO), the roadshow is scheduled to take place from Friday to Monday at Times Square Mall in western Seoul and the American hotel and casino operator will showcase all of the various travel experiences on offer at the two acclaimed integrated resorts in the city ― Wynn Macau and Wynn Palace.Wynn Palace is the first and only resort in the world with more than one thousand rooms to receive Forbes Travel Guide Five-Star Awards, while Wynn Macau remains as the only resort in the world to earn eight Forbes Travel Guide Five-Star Awards.Wynn will also present an array of enticing exclusive travel offers throughout the event. Roadshow visitors who register to become Wynn Insider members at the Wynn exhibit are welcome to participate in exciting activities
New KOICA President Chang Won-sam speaks during his inauguration ceremony at the agency's headquarters in Seongnam, Gyeonggi Province, Monday. Courtesy of KOICA By Kang Seung-woo Chang Won-sam, a career diplomat, has been sworn in as the president of the Korea International Cooperation Agency (KOICA), stressing the need to expand official development assistance (ODA) and carry out strategic development cooperation in tandem with the nation's foreign policy. His inauguration ceremony took place, Monday, at the KOICA headquarters in Seongnam, Gyeonggi Province. Chang, a law graduate of Seoul National University, joined the Ministry of Foreign Affairs in 1984, where he served in key posts, including director general for Northeast Asian Affairs and senior coordinator for bilateral trade. He also served as minister at the Korean Embassy in China, Ambassador of Korea to Sri Lanka, consul general of Korea in New York, and Secretary-General of the Northeast Asian History Fo
Patriots and Veterans Affairs Minister Park Min-shik, front row third from left, and Incheon International Airport Corp. (IIAC) President Lee Hag-jae, front row fourth from left, participate in a signing ceremony to commemorate the 70th anniversary of the Korean War armistice at Incheon International Airport, Thursday. Through the partnership, the IIAC will give special treatment to Korean War veterans and people of national merit when they use the airport. Yonhap