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North Korea announces new ‘tactical nuclear attack submarine’: KCNA

North Korea unveils a tactical nuclear attack submarine, emphasizing naval nuclear weaponization.

This development follows increased weapons tests and international concerns about the country’s submarine fleet’s operational status.

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SEOUL, SOUTH KOREA — North Korea on Friday announced it had built a “tactical nuclear attack submarine” as part of its effort to strengthen its naval force, the state news agency KCNA reported.

North Korean leader Kim Jong Un presided over the unveiling ceremony on Wednesday, saying the new sub was part of a “push forward with the nuclear weaponization of the Navy in the future”, according to KCNA.

The launching of submarine No. 841, named the Hero Kim Kun Ok, “heralded the beginning of a new chapter for bolstering up the naval force of the DPRK”, the KCNA report said, referring to the country by the abbreviation of its formal name.

Kim said the sub “will perform its combat mission as one of core underwater offensive means of the naval force of the DPRK”, KCNA reported.

North Korea has conducted a record number of weapons tests this year, and last month failed in its second attempt to put a spy satellite into orbit.

Seoul and Washington have ramped up defence cooperation in response, staging joint military exercises with advanced stealth jets and US strategic assets.

During the festive launching ceremony that involved confetti and balloons, Kim stressed “the strategic and tactical plan to continuously enhance the modernity of underwater and surface forces and push forward with the nuclear weaponization of the Navy in the future”, KCNA said.

On Thursday, Kim inspected the submarine as it was preparing for a test cruise.

“Saying that to arm the navy with nuclear weapons arises as an urgent task… he stressed the need to enable the Navy to successfully carry out its strategic duty by hastening the transfer of underwater and surface vessels equipped with tactical nuclear weapons to the Navy”, Kim was reported as saying by KCNA.

According to the Nuclear Threat Initiative, a US-based think tank, North Korea is estimated to have between 64 and 86 submarines, one of the world’s largest submarine fleets. However, experts doubt all of them are operational given the age of the vessels, according to NTI.

— AFP

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Asia

Up to 200 athletes tested for doping so far at Asian Games

Between 150 and 200 Asian Games athletes tested for doping, yielding no positive results. Anti-doping efforts emphasized for a clean event, focusing on record-breakers.

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HANGZHOU, CHINA — Between 150 and 200 Asian Games athletes have already been tested for doping, the Olympic Council of Asia said on Monday, with no positive results so far.

Speaking at an anti-doping press conference on the second full day of the Games in the Chinese city of Hangzhou, the OCA said dope-testing was “gaining momentum” at the event.

Mani Jegathesan, an adviser to the OCA anti-doping committee, warned that drug cheats would be rooted out.

Up to 200 athletes have been tested so far, he said, but any positive results will take several days to come through.

“Every athlete participating in these Games must understand that they could be picked at any time,” Jegathesan warned.

“That is the best step to ensuring we have a clean event.”

There are about 12,000 athletes at the 19th Asian Games, more competitors than the Olympics, and Jegathesan admitted it would be impossible to test them all.

Instead, they will prioritise, including picking out those who break world or Asian records.

— AFP

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Foodpanda’s restructuring amid sale speculations

Food delivery giant Foodpanda, a subsidiary of Delivery Hero, announces staff layoffs in the Asia-Pacific region, aiming for increased efficiency. This move coincides with ongoing talks about potentially selling parts of its 11-year-old business.

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Foodpanda, a subsidiary of Delivery Hero, is initiating undisclosed staff reductions in the Asia-Pacific region, as discussions continue regarding the potential sale of a portion of its 11-year-old food delivery business.

In a memorandum circulated to employees on 21 September, Foodpanda CEO Jakob Angele conveyed the company’s intent to become more streamlined, efficient, and agile.

Although the exact number of affected employees was not disclosed, the emphasis was on enhancing operational efficiency for the future.

No mention was made in the memo regarding the reports of Foodpanda’s potential sale in Singapore and six other Southeast Asian markets, possibly to Grab or other interested buyers.

Foodpanda had previously conducted staff layoffs in February and September 2022. These actions come as the company faces mounting pressure to achieve profitability, particularly in challenging economic conditions.

The regulatory filings of Foodpanda’s Singapore entity for the fiscal year 2022, ending on 31 Dec, indicated a loss of S$42.7 million despite generating revenue of S$256.7 million.

Angele further explained that Foodpanda intends to review its organizational structure, including both regional and country teams, with some reporting lines being reassigned to different leaders. Additionally, certain functions will be consolidated into regional teams.

Expressing regret over the challenging decisions, Angele assured affected employees of a severance package, paid gardening leave, and extended medical insurance coverage where feasible.

Foodpanda will also forego the usual waiting period for long-term incentive plan grants, and vesting will continue until the last employment date. Employees will retain all vested shares as of their last day of employment.

Foodpanda, established in 2012 and headquartered in Singapore, became a part of Delivery Hero in 2016. The company operates in 11 markets across the Asia-Pacific region, excluding its exit from the Japanese market last year.

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