The Korean destroyer Munmu the Great departed for the United States Monday, beginning a trans-Pacific voyage to join a massive international naval assembly marking the 250th anniversary of American independence. The 4,400-ton DDH-II class vessel slipped its moorings at the Jeju Naval Base Monday afternoon. It is headed for New York, where it will serve as Korea’s representative at the International Fleet Review from July 3 to 8. The event is expected to be a historic display of maritime cooperation, featuring approximately 100 vessels from 50 nations, including the United Kingdom, Japan, Canada and Spain. For Seoul, the mission is as much about industrial diplomacy as it is about naval tradition. The Korean Navy has outfitted the destroyer’s hangar with a dedicated maritime defense promotional booth. As Korea seeks to cement its position as a top-tier global arms exporter, the ship will act as a floating showroom, marketing Korean-made naval systems and vessel technologies at various ports of call, including stops in Mexico and Colombia. “There is a great sense of pride among the cr
Korean destroyer to join 250th anniversary US naval fleet review
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- Korean destroyer to join 250th anniversary US naval fleet review
The Korean destroyer Munmu the Great departed for the United States Monday, beginning a trans-Pacific voyage to join a massive international naval assembly marking the 250th anniversary of American independence. The 4,400-ton DDH-II class vessel slipped its moorings at the Jeju Naval Base Monday afternoon. It is headed for New York, where it will serve as Korea’s representative at the… Read more: Korean destroyer to join 250th anniversary US naval fleet review - Korea Exchange eases rule on stock buyback for investors: sourceThe Korea Exchange, Korea’s main bourse operator, has softened a rule on listed firms when they repurchase certain shares, a source said Monday. According to the source, the Korea Exchange has eased the rule since last Friday. Under the changes, the bourse operator will not impose a summary fine if a listed firm repurchases shares of its stock more than… Read more: Korea Exchange eases rule on stock buyback for investors: source
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