SEOUL, June 2 (Korea Bizire) — North Korea on Monday denounced a monitoring group on the enforcement of U.N. sanctions against Pyongyang for issuing a report on military cooperation between the North and Russia, calling the move a violation of a state’s sovereign rights. The Multilateral Sanctions Monitoring Team (MSMT) on Thursday issued the first [...]
SEOUL, June 2 (Korea Bizwire) — Democratic Party (DP) candidate Lee Jae-myung and People Power Party (PPP) candidate Kim Moon-soo made their final sprint to woo swing voters Monday, a day before the presidential election. Lee of the DP, the campaign’s front-runner, kicked off the last day of his campaign in Seoul’s northern ward of [...]
SEOUL, June 2 (Korea Bizwire) — South Korean baseball legend Lee Seung-yuop resigned as manager of the Doosan Bears on Monday, taking the fall for the team’s disappointing season. The Bears announced Monday that Lee offered to step down and the club accepted it, effective immediately. Lee, second on the Korea Baseball Organization (KBO) home [...]
SEOUL, June 2 (Korea Bizwire) — Kia Corp., South Korea’s second-largest automaker by sales, said Monday its sales gained 1.7 percent last month from a year earlier on steady overseas demand for sport utility vehicles (SUVs). Kia, a smaller affiliate of local industry leader Hyundai Motor Co., sold 269,148 vehicles in May, up from 264,699 [...]
SEOUL, June 2 (Korea Bizwire) — South Korean defense giant Hanwha Aerospace Co. said Monday it has participated in the Shangri-La Dialogue, a major international security forum held annually in Singapore, marking a step forward in its global defense engagement and becoming the first South Korean defense firm to do so. Michael Coulter, chief executive [...]
SEOUL, May 30 (Korea Bizwire) — POSCO Holdings, South Korea’s leading steelmaker, said Friday it has opened a resource-focused research center in Australia to help secure future growth drivers through local partnerships. The Australia Critical Minerals R&D Lab, the first overseas facility of its kind established by a South Korean steelmaker, aims to enhance technological [...]
JEJU, South Korea, May 30 (Korea Bizwire) — Top African envoys and South Korean experts have discussed concrete steps for expanding their partnerships, emphasizing the promising future of mutual cooperation and growth. Wamkele Mene, secretary-general of the African Continental Free Trade Area (AfCFTA), called for creating opportunities to increase cooperation in the technology and mineral [...]
SEOUL, May 30 (Korea Bizwire) — Hyundai Engineering & Construction (Hyundai E&C) Co. said Friday it will withdraw from a national project to build a new international airport in South Korea’s southeastern port city of Busan, citing difficulties in meeting the completion deadline sought by the government. “It is impossible to ensure a safe construction [...]
SEOUL, May 30 (Korea Bizwire) — HD Hyundai Samho Heavy Industries Co., a South Korean shipbuilder, said Friday it has secured a 386.8 billion-won (US$280 million) order to build two container carriers for a client in the Oceania region. The vessels will be delivered in phases to an undisclosed shipping company in Oceania by March [...]
SEOUL, May 30 (Korea Bizwire) — More than 15 million voters have cast their ballots in the early voting for the presidential election, according to the National Election Commission (NEC) on Friday, with attention now turning to how the near-record turnout would affect the formal vote next week. The final early-voting turnout was 34.74 percent, [...]