Cointime update: South Korea’s defense ministry said on November 5 it will submit a revised consent bill to the National Assembly to extend the deployment of its Cheonghae naval unit and widen its operating area to waters off southern Oman near the Strait of Hormuz, while adding military equipment and personnel. The move is seen as Seoul taking a practical military step to help stabilize the Strait of Hormuz situation.
South Korea Plans to Expand Hormuz-Area Naval Mission Zone
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