SEOUL, June 16 (Korea Bizwire) — The Korea Trade-Investment Promotion Agency, better known as KOTRA, said Monday it has launched a seminar in Malaysia to support South Korean companies in making local investments and joining global semiconductor supply chains. KOTRA is co-hosting the two-day event in Kuala Lumpur starting Monday in collaboration with the Ministry [...]
SEOUL, June 16 (Korea Bizwire) — South Korea’s Hanwha Systems Co. has partnered with U.S. defense giant Northrop Grumman Corp. to jointly develop multilayered air defense systems, industry sources said Monday. According to the sources, Hanwha Systems has recently signed a memorandum of understanding (MOU) for joint projects in air defense systems with the U.S. [...]
SEOUL, June 16 (Korea Bizwire) — Police plan to dispatch mobile units to border areas to prevent activists from sending anti-North Korea leaflets across the border, the unification ministry said Monday after a pan-government meeting to discuss ways to curb “illegal” leaflet campaigns. The move came as President Lee Jae-myung ordered measures Saturday to prevent [...]
SEOUL, June 13 (Korea Bizwire) — A senior U.S. diplomat reaffirmed Friday the alliance with South Korea remains a “linchpin of security” in the Indo-Pacific, in the first visit by a U.S. official since the launch of the government of President Lee Jae-myung. Sean O’Neill, senior bureau official of the U.S. State Department’s Bureau of [...]
PARIS, June 13, 2025 (Korea Bizwire) — Monsha’at, Saudi Arabia’s Small and Medium Enterprises General Authority, led a group of five potential Saudi unicorns SMEs to participate in VivaTech 2025, Europe’s leading technology and innovation exhibition. Its participation was part of Saudi Unicorns; a Saudi Vision 2030 initiative to help high-potential, fast-growing companies in promising [...]
BRUSSELS, June 13 (Korea Bizwire) — President Lee Jae-myung is set to meet with top European Union (EU) officials during the upcoming Group of Seven (G7) summit in Canada, the EU office said Friday, which would mark his first diplomatic engagement with EU leadership since taking office. Lee will meet with European Commission President Ursula [...]
SEOUL, June 13 (Korea Bizwire) — President Lee Jae-myung on Friday pledged to lift unnecessary regulations and provide supports on trade to companies, saying that his government would pursue a “pragmatic and flexible” trade policy to overcome crisis. Lee made the remarks at a meeting with the heads of the nation’s top five conglomerates, including [...]
SEOUL, June 13 (Korea Bizwire) — North Korea is stepping up anti-American indoctrination of students on the occasion of the 75th anniversary of the outbreak of the 1950-53 Korean War, state media showed Friday. “Education on anti-imperialism and anti-Americanism is being solidly carried out at all basic education units in Pyongyang, tailored to the emotional [...]
SEOUL, June 13 (Korea Bizwire) — The government conducted an emergency review of the country’s oil and gas supplies Friday amid escalating tensions in the Middle East following Israel’s strike on Iran, the industry ministry said, adding the country faces no immediate problem. The Ministry of Trade, Industry and Energy held the meeting with officials [...]
SEOUL, June 13 (Korea Bizwire) – South Korean stocks snapped their seven-day winning streak Friday as rising tensions in the Middle East heightened investors’ risk-off sentiment. The local currency was trading sharply lower against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) lost 25.41 points, or 0.87 percent, to close at 2,894.62. [...]