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Cryptocurrency  The chairman of Korea’s Fair Trade Commission – the economic competition regulator – has blasted efforts to shutter cryptocurrency exchanges before calling on the government to regulate the industry instead. In a radio interview yesterday, FTC chairman Kim Sang-Joo plainly opined it is “not realistically possible” to shut down cryptocurrency exchanges, adding that the law does not permit authorities like the justice ministry to close cryptocurrency exchanges. In quotes reported by JoongAng, Korea’s largest media network, Kim said of the proposed ban in translated statements by  CCN : “[Shutting down cryptocurrency exchanges] is not realistically possible. Based on electronic commerce law, the government does not have the authority to close down cryptocurrency trading platforms.” The official was offering his take on the recent controversial statements by the country’s justice minister Park Sang-ki. In a press briefing a week ago...

U.S. Army soldiers install their missile defense system called Terminal High-Altitude Area Defense, or THAAD, at a golf course in Seongju, South Korea,  The  second North Korean test launch  of an ICBM within four weeks should convince South Korea to allow deployment of a full THAAD anti-missile battery, the Pentagon said Monday. South Korea has permitted the U.S.  Army  to install two Terminal High Altitude Area Defense launchers on a former golf course south of Seoul, but South Korean President Moon Jae-in has delayed placement  of a full battery of six launchers pending an environmental study that has no timeline. The Pentagon maintained that North Korea’s test launch of an intercontinental ballistic missile last Friday, following on a similar test launch July 4, had altered the security calculus on the peninsula and made the case for immediate deployment of the full THAAD battery. “A lot of people question the need for THAAD; they question the requ...

  After  another North Korean missile launch  on Friday, the US and South Korean military responded by holding a joint missile exercise "to exercise assets countering North Korea's missile launch," a joint statement read. The exercise utilized the Army's Tactical Missile System (ATACMS) and South Korea's Hyunmoo Missile II - which were said to be capable of rapidly deploying in order to provide "deep-strike precision capability." The missiles were also said to have been  fired  into the East Sea, where North Korea's latest missile was also rumored to have landed. ATACMS missiles can carry a 500-pound high-explosive warhead and can travel up to a distance of 186 miles. The newest provocation from North Korea appeared to demonstrate the country's advances in its missile program, given that the latest missile was estimated to be capable of reaching major US cities, such as New York and Washington, D.C.,  according to experts . President Donald...