S. Korean Military, Lotte sign land swap deal for THAAD deployment
S. Korean Military, Lotte sign land swap deal for THAAD deployment
Seoul - Arab Today
South Korea's military signed a formal land swap deal with Lotte Group on Tuesday, paving the way for the installation of an advanced US missile defense system this year as scheduled, the defense ministry said.
The Ministry of National Defense and Lotte Group have agreed to exchange properties to complete the deployment of the Terminal High Altitude Area Defense (THAAD) system "within this year," the Korean news agency Yonhap reported, quoting the ministry said in a statement.
Lotte has agreed to hand over its golf course worth 89 billion won (US$79 million) in the southeastern rural county of Seongju in exchange for a state-owned military property east of Seoul.
"We will make the system operational as quickly as possible to better safeguard the well-being of our nation and the lives of citizens against North Korea's growing nuclear and missile threats," a ministry official said.
The missile defense system is widely expected to be installed between May and July. Pyongyang's continued provocations apparently provided a strong impetus for Seoul and Washington to agree in July last year to deploy the THAAD system in South Korea by the end of 2017.
Source: MENA
- Tuesday ,08 November GMT 01:05 2016 N. Korea may Fire off Intermediate-Range Ballistic Missile around Time of US Presidential Election
- Friday ,14 October GMT 19:33 2016 South Korea To Beef Up Missile Defense Capabilities Before THAAD Deployment
- Friday ,19 August GMT 15:13 2016 North Korea Denounces South Korea's Front-Line Fire Exercise As Military Provocation
- Thursday ,18 August GMT 19:59 2016 South Korea conducts largest-ever artillery drill to check North Korean provocations
GMT 20:38 2017 Tuesday ,14 February
N. Korea employs SLBM tech in new intermediate-range missileGMT 01:05 2016 Tuesday ,08 November
N. Korea may Fire off Intermediate-Range Ballistic Missile around Time of US Presidential ElectionGMT 19:33 2016 Friday ,14 October
South Korea To Beef Up Missile Defense Capabilities Before THAAD DeploymentGMT 15:13 2016 Friday ,19 August
North Korea Denounces South Korea's Front-Line Fire Exercise As Military ProvocationGMT 19:59 2016 Thursday ,18 August
South Korea conducts largest-ever artillery drill to check North Korean provocationsRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 10:32 2018 Thursday ,08 November
Student competition exhibition kicks off in Slovakia with Syria’s participation
GMT 07:27 2019 Tuesday ,20 August
Think of a new strategy and give you a variety of possibilities
GMT 08:37 2018 Tuesday ,02 October
Abdulrahman Altheeb, CEO Scopeer, Saudi crowdfunding platform
GMT 11:19 2018 Tuesday ,16 January
Philippines' Mayon volcano alert raised
GMT 12:55 2018 Sunday ,14 January
Victoria Beckham debuts at London Fashion Week in September
GMT 08:05 2017 Sunday ,12 November
Trump sarcastically responds to Kim Jong Un insults
GMT 05:33 2017 Wednesday ,01 February
Top UN aid official in Yemen voices concern over safety of civilians in Taizz
GMT 09:24 2017 Wednesday ,27 September
UN head welcomes Saudi move letting women drive
GMT 09:10 2018 Thursday ,22 November
AIIB Jin Liqun praises Suez Canal projects
GMT 10:37 2018 Wednesday ,07 November
Army thwarts terrorists’ infiltration attempt into military posts in Hama countryside
GMT 14:05 2018 Monday ,05 November
5.9-magnitude quake hits 59km NNW of Otrada, Russia
GMT 16:03 2018 Tuesday ,04 September
HRH Premier receives Bahraini writer
GMT 21:12 2016 Monday ,18 April
Algerian Ministers Meet Palestinian Prime Minister
GMT 06:58 2017 Saturday ,11 February
Syrian Arab women battle IS, social stigma
GMT 21:11 2017 Sunday ,02 July
Qatar may face further sanctions as Gulf deadline approaches
GMT 14:23 2017 Sunday ,26 February
Meryl Streep accuses Karl Lagerfeld of spoiling her Oscars
GMT 15:27 2017 Friday ,25 August
Mulla, ENGIE CEO discuss investment opportunities
GMT 18:02 2017 Sunday ,30 July
Amman Bourse opens trading with droGMT 10:19 2011 Thursday ,14 July
Freed Estonians make their first public appearance
GMT 13:54 2015 Tuesday ,28 April
IHG hotels pamper their Chinese clientele
GMT 23:43 2017 Tuesday ,03 January
S Korea Fines Nissan, BMW, Porsche for Fabricated Certification Documents
GMT 00:36 2017 Friday ,10 March
Schalke tie with Monchengladbach in UEFA Europa League
GMT 08:15 2017 Monday ,18 September
UN refugee chief tells US its funding 'vital'
GMT 06:39 2017 Tuesday ,03 October
White House says 'premature' to talk gun control after Vegas shooting
GMT 19:55 2018 Monday ,08 January
US conveys ‘concrete’ steps for Pakistan
GMT 07:01 2014 Wednesday ,05 November
Murdoch's Fox gets lift from 'Apes' sequelGMT 14:58 2011 Friday ,08 July
Subletting of homes is illegal in the UAE
GMT 11:29 2017 Thursday ,21 December
Egypt remains in 31st place in FIFA December rating
GMT 10:46 2017 Tuesday ,03 October
EgyptAir offers discounted tickets on US, North Africa flights
GMT 17:47 2017 Monday ,09 October
Egypt's Khattab gets 11 votes
GMT 00:40 2017 Saturday ,08 April
Tram-car collision drill tests RTA response
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor