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 [...]
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) — Officials from South Korea’s food and restaurant industry associations called on the government Friday to take steps to reduce import costs of key materials and support public delivery platforms. In a meeting with Prime Minister nominee Kim Min-seok, the officials said recent price increases in the food sector were [...]
SEOUL, June 13 (Korea Bizwire) — South Korea on Friday issued special travel advisories for Israel and parts of Iran amid escalating military tension between the two Middle East adversaries. The foreign ministry upgraded the existing Level 2 advisories in Israel and parts of Iran to Level 2.5 following Israel’s strikes targeting Iran’s nuclear program [...]
GWANGJU, June 13 (Korea Bizwire) – Most of the Koreans who were forcibly mobilized by Japan to build military facilities on the Marshall Islands in the South Pacific during the 1910-45 colonial era were drafted from the southwestern province of South Jeolla, a civic group said Friday. The group supporting the victims of forced mobilization [...]
SEOUL, June 13 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. are scrambling to assess the impact of Washington’s decision to add home appliances to a list of derivatives subject to a 50 percent steel tariff, according to industry sources Friday. The U.S. commerce department has published a notice on the Federal Register, [...]
SEOUL, June 13 (Korea Bizwire) — South Korea and Indonesia have finalized a deal to slash Jakarta’s contribution to the joint KF-21 fighter jet project to 600 billion won (US$443 million), about one-third of the original amount, Seoul’s defense procurement agency said Friday. The two sides signed the agreement at an arms exhibition in Jakarta [...]