South Korea's Lotte Group has approved a land swap with the government on Monday that will enable US authorities to deploy Terminal High Altitude Area Defence (Thaad) system.
The government decided last year to deploy the US THAAD system in response to the North Korean missile threat, on land that is part of a golf course owned by Lotte in the Seongju region, southeast of Seoul, various media reported today.
The board of unlisted Lotte group approved the deal with the government, and both sides will be signing an agreement as early as Tuesday, the ministry said.
South Korea and the United States aim to make the system operational by the end of the year. A South Korean military official said last week that the deployment could be completed by August.
However, China is opposed to the deployment in South Korea of the THAAD, which has radar, capable of penetrating Chinese territory.
Chinese state media recently warned the Lotte Group, South Korea's fifth-largest conglomerate, that it would face severe consequences if it permits its land to be used for the missile system.
Five North Korean official were executed with a burst of anti-aircraft guns in the capital Pyongyang last week for providing false information to their leader Kim Jong Un. The South Korea's National Intelligence Service (NIS) said in a private briefing to lawmakers, while Malaysia is investigates the poisoning death of Kim's estranged elder half brother, Kim Jong Nam
L3 Technologies (LLL) has won a contract to provide 800-horsepower transmission kits for the Republic of Korea Armys K21 Infantry Fighting Vehicle and the Light Recovery Vehicle programs. L3 has supported the countrys armed forces with advanced military vehicle transmission systems since 1999
South Korea and Indonesia have opened a joint office to carry out consultations in the KF-X fighter aircraft development project. The office has been set up in Sacheon, 437 kilometers southeast of Seoul,
Creation of special units tasked to neutralize North Koreas leadership and key facilities in case of contingencies is part of Seouls revised its long-term defense reform plan. "We have made the revision in a bid to secure the most urgent defense capabilities against North Korean threats over the next five years (through 2021)," a high-ranking ministry official told reporters in a background briefing, Yohhap news and other South Korean media reported today
South Korea has successfully test-launched a Hyunmoo-type ballistic missile with a range of 800km that can reach anywhere in North Korea. Inspected by Defense Minister Han Min-koo, the missile test, conducted at the Anheung test site of the Agency for Defense Development (ADD), is said to have met key requirements of normal blast, flight and the accuracy of hitting a target, an informed source told Yonhap Thursday
Indias Samtel Avionics and South Koreas Hanwha Systems are planning to set up joint venture to manufacture products of avionics and military applications under ‘Make in India. The joint venture is aimed at manufacturing military electronics and optronics across multiple platforms, such as missile electronics, rockets, guided missile and laser-guided bombs
Boeing has won a five-year contract to continue to provide maintenance services for South Korea's F-15K aircraft. Boeing has been sustaining the Korean Air Force's F-15K fleet since 2012, the company said in a statement released Sunday
US has planned to deliver "X-band" radar, a main component of the advanced US missile defense system, by end of this month to South Korea. The two missile launchers and other equipment of the Terminal High Altitude Area Defense (THAAD) system arrived Monday night, at Osan Air Base in Pyeongtaek, 70 kilometers south of Seoul,
The United States has begun the process of deploying the Terminal High Altitude Area Defense (THAAD) system - an advanced missile defense system to South Korea, Yonhap news agency reported citing a military official. The first elements of the system, including two launchers, arrived at Osan Air Base in Pyeongtaek, 70 kilometers south of Seoul, Monday, the US and Seoul militaries told the news agency on Tuesday
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