Today in Korean history

Detailed summary

Nov. 16 1988 -- North Korea proposes deputy premier-level political and military talks w...

1988 -- North Korea proposes deputy premier-level political and military talks with South Korea.

1988 -- Samsung Electronics Co., then the world's second-largest chipmaker, develops 1MB RAM (random access memory) for the second time in the world.

1995 -- Former President Roh Tae-woo is detained on corruption charges over his role in a 1979 military coup and in the 1980 massacre of pro-democracy protestors in Gwangju, 267 kilometers south of Seoul. Roh, who became president via the 1988 election that followed democratic reforms, was convicted in 1996 and pardoned in 1997 after a decision by then President Kim Young-sam and then President-elect Kim Dae-jung.

2017 -- South Korea and Canada clinch a standing bilateral currency swap deal to expand financial exchanges.

2018 -- North Korea proposes creating cross-border international air routes with South Korea in the first-ever inter-Korean aviation cooperation meeting held at the countries' joint liaison office in North Korea's border town of Kaesong. The aviation cooperation meeting was part of a series of inter-Korean dialogue that followed the third summit between President Moon Jae-in and North Korean leader Kim Jong-un held in Pyongyang in September that year.

2020 -- Korean Air Lines Co., South Korea's biggest carrier, says it will acquire Asiana Airlines Inc. in a deal valued at 1.8 trillion won (US$1.3 billion), which would create the world's 10th-biggest airline by fleet.(END)

Opening of the article, excerpted from Yonhap. To read the rest, open the article on the publisher's site.