South Korea Archives - The Connecticut Star

American Ally Strikes Nuclear Deal with Russia

August 29, 2022August 28, 2022 Admin

South Korea reached an agreement with Russia’s state-run nuclear giant to jointly construct a reactor turbine despite sanctions and widespread global hostility toward Russia, The Associated Press reported Thursday.

South Korea’s state-run Korea Hydro and Nuclear Power (KHNP) and ASE, a subsidiary of Russia’s Rosatom, will collaborate in a $2.25 billion venture to provide components for Egypt’s first nuclear reactor, according to the AP. Economic affairs chief Choi Sang-mok said the U.S. ally consulted with the U.S., who has led the sanctions regime to isolate Russia from the global economy, before striking the deal.

Commentary: President Trump’s Policy Victories, from A to Z

August 20, 2022August 19, 2022 Admin

Whatever one thinks about President Donald J. Trump’s personality, his policies were the most conservative reforms that America has seen since President Ronald Wilson Reagan left office — and perhaps even before he arrived.

Commentary: Onshoring Semiconductor Capacity Is Crucial to National Security

June 4, 2022June 3, 2022 RealClearWire

When you think about national security, you probably don’t immediately think about semiconductors. These tiny chips are the “brains” enabling all the computational capabilities and data storage that we take for granted today. Chips power virtually every sector of the economy – including data centers, automotive, healthcare, banking, and agriculture. As a consequence of their widespread use, semiconductors have grown to become a $555 billion global industry, and are the world’s fourth most traded product. Semiconductor manufacturing and advanced packaging have been cited frequently as one of the main critical supply chain priorities for the nation.

A steady source of uninterrupted, trusted chips is necessary for the security of the nation – supporting the readiness of the U.S. military and protecting critical infrastructure like the electric grid. The problem is that most chips are fabricated outside of the U.S., in the vulnerable region of Southeast Asia – hence the security issues. Around three quarters of global chip production capacity comes from Southeast Asia.

North Korea Reports Having Launched Missile Capable of Hitting U.S. Territory Guam

February 1, 2022January 31, 2022 Connecticut Star Staff

North Korea acknowledged Monday having test-fired an intermediate-range ballistic missile capable of striking the U.S. territory Guam.

South Korea and Japan first reported Sunday that the Hwasong-12 missile had been launched – making it the seventh nuclear-capable missile having been launched since 2017 by the rogue nation.

The North Korean state news said the missile was fired as a test and took a high trajectory to avoid flying over neighboring countries. The projectile flew just under 500 miles before landing in the sea between Japan and the Korean Peninsula.

Department of Energy to Release Millions of Barrels of Oil From Reserve to Combat Surging Gas Prices

January 27, 2022 Admin

The Department of Energy (DOE) announced Tuesday the release of millions of barrels of oil from the Strategic Petroleum Reserve (SPR) to combat soaring gas prices.

The DOE approved the release of 13.4 million barrels from its SPR, marking the second-largest exchange from the reserve and bringing the total amount of oil released from the cache to almost 40 million barrels.

Exchange contracts for the released oil have were awarded to seven companies. President Joe Biden authorized a plan in November 2021 to release 50 million barrels of crude oil from the SPR in a coordinated effort with China, India, Japan, South Korea and the U.K. to combat surging gas prices and assist in the COVID-19 pandemic recovery.

Democrat Ex-Lawmakers Contracted to Lobby for North Korean Business Investment

January 16, 2022 Admin

Two former Democratic congressmen contracted with a lobbying firm to advocate on behalf of South Korean businesses operating factories in North Korea, according to recent filings.

Former Democratic Missouri Rep. Lacy Clay joined law firm and lobby shop Pillsbury Winthrop Shaw Pittman on Wednesday to lobby on behalf of the Corporate Association of the Gaesong Industrial Complex (CAGIC) at the direction of South Korean consultancy HC & Sons, according to a foreign agent filing with the Justice Department. Former Democratic Texas Rep. Greg Laughlin, who has been with Pillsbury since 2004 and served in Congress for 6 years before switching parties, began lobbying on behalf of CAGIC in December 2021, filings show.

Pillsbury began working with CAGIC in July 2021, filings show, signing a $675,000 contract to provide services including “general advocacy, including meetings with U.S. Executive and Legislative Branches.” The firm will also “provide information to CAGIC and advocate on its behalf,” filings show.