Wemade CEO blasts delisting of Wemix coin by Korea's DAXA

8 days ago Korea JoongAng Daily

“If we are being penalized for submitting a plan and making changes along the way, then should we not have submitted anything at all, like the others? Why are we being punished for going the extra mile?”“Upbit is a private company but it’s also a trading platform for social assets. This gapjil and unfairness is social evil. "“I am not saying that we’ve done nothing wrong,” he added. “I will take full responsibility for our faults as the decision-maker, but we ask that Upbit make its rules clearer.”Wemade will file a complaint to the court to request that the decision be revoked.BY YOON SO-YEON [[email protected]]
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North Korea fires ballistic missile in direction of South Korean island

North Korea fires ballistic missile in direction of South Korean islandNorth Korea fired at least one ballistic missile on Tuesday morning in the direction of South Korean-controlled Ulleung Island, located off the country’s eastern coast, South Korean military officials said.Detected by the South’s ballistic missile tracking radar systems, the North Korean missile’s trajectory prompted air raid alert messages to be sent automatically at 8:55 a.m., urging the island’s residents to “take shelter underground immediately.”The state of alert was lifted at 9:08 a.m.While the North has launched missiles into the East Sea before, this is the first time it fired a missile toward South Korean territory.According to the Joint Chiefs of Staff (JCS), the North launched at least one ballistic missile toward Ulleung Island, which fell into the sea before reaching the island.South Korean authorities are currently analyzing details of the launch, such as the range, altitude and speed, as well as the number of missiles, according to the JCS.The North’s unprecedented firing of a ballistic missile in the direction of a South Korean island came shortly after the a statement from an unnamed North Korean Foreign Ministry spokesman released Monday that warned of “more powerful follow-up measures” if the South and the United States “continuously persists in the grave military provocations.”South Korea and the United States started a large joint air exercise dubbed Vigilant Storm on Monday, mobilizing more than 240 aircraft including F-35A stealth fighters, F-15K jets and KF-16 jets from the South Korean Air Force and F-35B stealth fighters, EA-18 electronic warfare aircraft, KC-135 tankers and U-2 high-altitude reconnaissance aircraft from the U.S. military.BY MICHAEL LEE [[email protected]]

1 month ago Korea JoongAng Daily
South Korean, U.S. defense chiefs to hold annual talks amid tensions over North's missile barrage

South Korean, U.S. defense chiefs to hold annual talks amid tensions over North's missile barrageThe defense chiefs of South Korea and the United States are set to hold their annual security talks here on Thursday, with a focus on joint efforts to fortify deterrence against growing North Korean threats, Seoul officials said.Defense Minister Lee Jong-sup and his U.S. counterpart, Lloyd Austin, will meet at the Pentagon for the 54th Security Consultative Meeting (SCM) amid heightened tensions caused by a barrage of North Korean missile and artillery firings on Wednesday.Topping the agenda are the allies' efforts to strengthen the credibility of America's "extended deterrence" commitment to mobilizing the full range of its military capabilities, including nuclear assets, to defend the South.Seoul has been striving to ensure the enforceability of extended deterrence amid worries that Pyongyang's push to develop missiles capable of striking the U.S. mainland could make Washington dither on whether to come to the aid of its ally should it be attacked.The South's drive for stronger deterrence comes in the wake of the North's continued saber-rattling.In Wednesday's provocation, the North fired more than 20 missiles, including one that landed south of the Northern Limit Line (NLL), the de facto inter-Korean maritime border, for the first time since the end of the 1950-53 Korean War.To rein in such provocations, the SCM joint statement could carry a strong message akin to the warning in the recently published U.S. Nuclear Posture Review: Any nuclear attack by the North will result in the "end of that regime. "As part of efforts to sharpen deterrence, the two sides are expected to discuss the timely, coordinated deployment to South Korea of U.S. strategic assets and the strengthening of the allies' table-top exercise on the use of extended deterrence assets, observers said.The two sides will also discuss the outcome of a full operational capability (FOC) assessment that their militaries conducted in August as part of a process for the conditions-based transition of wartime operational control (Opcon) from Washington to Seoul.The FOC assessment is the second part of the three-stage program designed to vet Seoul's capabilities to lead the allies' combined forces. The program is part of various conditions required for the Opcon handover.Lee and Austin also plan to discuss trilateral security cooperation among the South, the United States and Japan, and preparations for a series of events marking the 70th anniversary of the establishment of the Seoul-Washington alliance next year, according to Seoul officials.In addition, the two sides are likely to touch on other regional and global security issues, including tensions across the Taiwan Strait. In last year's SCM joint statement, the two sides "acknowledged the importance of preserving peace and stability" in the strait.Yonhap

1 month ago Korea JoongAng Daily
Korean Air Lines flight to Sydney diverts back to Incheon with overheating engine

Korean Air Lines flight to Sydney diverts back to Incheon with overheating engineA Korean Air Lines flight to Sydney diverted to Incheon on Sunday night due to problems in the aircraft’s engine.The carrier’s KE401 flight, which left Incheon for Sydney at 7:40 p.m. on Sunday, diverted back to Incheon International Airport after the aircraft got an alert that the engine was overheating. The aircraft landed back at Incheon not even an hour later at 8:18 p.m.A total of 271 passengers and 12 flight crew were onboard. The carrier said there was no one injured.According to Korean Air Lines, it is looking into whether there was a problem with the aircraft’s engine, but clarified that the engine did not catch fire.The passengers that flew back to Incheon boarded a separate Korean Air Lines flight to Sydney a few hours later at 11:10 p.m., landing at the airport at 9:30 a.m. Monday.This is the fourth accident involving a Korean Air Lines flight this year, with the latest incident happening on Oct. 23 when the carrier’s flight over ran a runway while trying to land at Mactan-Cebu International Airport. No one was injured, but the aircraft’s belly and nose were damaged.Another accident happened on Sept. 29, with a flight bound for Heathrow striking the tail of an Icelandair’s aircraft.The carrier’s flight taking off from Istanbul, Türkiye, made an emergency landing in Heydar Aliyev International Airport in Azerbaijan due to an engine malfunction on July 10.BY LEE TAE-HEE [[email protected]]

1 month ago Korea JoongAng Daily
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