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South Korea to buy European missiles SEOUL: South Korea will buy European bunker-busting missiles as the United States refused to sell the same kind of weapons to the country, the state procurement agency said Wednesday.At a meeting presided over by Defence Minister Kim Kwan-Jin, the Defence Acquisition Program Administration (DAPA) approved a plan to purchase air-to-ground missiles with a 500-kilometre (312.5 mile) range from the German-Swedish joint venture Taurus System.The number of missiles and proposed budget have not been confirmed yet, it said. But Yonhap news agency said South Korea planned to buy about 170 Taurus bunker busters worth more than $300 million in total.Launched from a relatively safe distance from the enemy, the GPS-guided cruise missiles can hit strategic targets with precision, DAPA said in a press statement."The long-range air-to-ground missiles will add to our strategic assets, bolster deterrence against war and drastically enhance survivability of the aircraft and pilots as well", DAPA said.Copyright AFP ...

Australian team maps Moon's hidden craters SYDNEY: Australian scientists on Tuesday said they had identified a possible 280 additional craters on the Moon, a finding they said could shed light on the history of the Earth's natural satellite. By combining gravity and topography data collected by satellites, the scientists from Curtin University in Western Australia were able to use computer modelling to at first identify two basins on the far side of the Moon.They later developed a high-resolution image to find ...
Communist rebels kidnap five Philippine soldiers DAVAO: Communist insurgents wearing military uniforms abducted five soldiers in the southern Philippines, in the latest of a series of violent acts following the collapse of peace talks, authorities said Tuesday.The New People's Army guerrillas set up a roadblock on the outskirts of Davao City on Monday and seized the five soldiers as they were passing through on motorcycles, said military spokesman Colonel Ramon Zagala.He condemned the abduction, saying the soldiers were unarmed, in civilian ...
North Korea denounces US over spying revelations SEOUL: North Korea, one of the world's most repressive societies, branded the United States a "kingpin" of human rights abuses on Tuesday, following revelations of the US government's Internet surveillance programme.A bylined commentary in the government's official Minju Joson newspaper said US National Security Agency whistleblower Edward Snowden had exposed the global nature of the NSA's intrusive monitoring activities."This clearly proves once again that the US is a kingpin of human rights abuses as it ...
China in 'close communication' with France on attack BEIJING: China on Tuesday pledged to stay in close communication with France over an attack on six Chinese students, after Beijing called for an investigation."We will continue to stay in close contact with the French side," China's foreign ministry spokeswoman Hua Chunying said at a regular press briefing in Beijing.Three youths, aged 19 and 20, were charged on Sunday night with aggravated violence, using or threatening to use arms, as well as drunkenness, the Bordeaux ...
Love and carriage: Japan railway offers train wedding TOKYO: A rail company is offering one lucky couple the chance to get married aboard one of Tokyo's busiest commuter trains as it encircles the Japanese capital, it said Tuesday.East Japan Railway (JR East) said it wanted to find a couple who would like to tie the knot aboard the usually heaving Yamanote Line, in the company of up to 120 friends and family."We expect applications from couples who are somewhat attached to the Yamanote ...
China pressured New York University: Guangcheng NEW YORK: Chinese activist Chen Guangcheng on Monday accused Beijing of waging an "unrelenting" campaign against academic freedom and alleged that this had led New York University to end his studies.The blind self-taught lawyer, one of the most emblematic Chinese rights campaigners, spoke out after adamant denials from the university which said it never planned to enroll him beyond one year and was "saddened" by his charges.Chen, whose dramatic escape from house arrest for the ...

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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln