WASHINGTON, April 29 (Korea Bizwire) — U.S. Treasury Secretary Scott Bessent said Tuesday that he can see the contours of a trade deal with South Korea “coming together,” as Seoul is seeking to secure exemptions and exceptions from the Trump administration’s “reciprocal” and sectoral tariffs. During a press conference, Bessent also claimed that South Korea [...]
SEOUL, April 29 (Korea Bizwire) — National Assembly Speaker Woo Won-shik has held talks with Mongolian President Ukhnaagiin Khurelsukh and other top officials to discuss ways to boost bilateral ties in critical minerals and supply chains, Woo’s office said Tuesday. During his meeting with Khurelsukh on Monday, Woo also discussed partnerships in areas of transportation, [...]
SEOUL, April 29 (Korea Bizwire) – North Korea’s acknowledgment of its troop dispatch to Russia to support its war in Ukraine will not affect South Korea’s efforts to accept North Korean soldiers captured by Ukraine if they wish to defect to the South, a foreign ministry official said Tuesday. Two North Korean soldiers have been [...]
BUSAN, April 29 (Korea Bizwire) — John Kerry, former U.S. secretary of state and special climate envoy, said Tuesday the global transition to clean energy is “unstoppable” despite uncertainties in the U.S. administration’s climate policies. “The world marketplace has made its decision. It is transitioning (to clean energy),” Kerry said. “The only challenge for all [...]
SEOUL, April 29 (Korea Bizwire) — South Korea will set up a long-term strategy this year to commercialize autonomous marine vehicle technology as part of efforts to innovate the shipping industry, the oceans minister said Tuesday. “Autonomous ships utilizing cutting-edge digital technologies, such as artificial intelligence (AI), will play a significant role in improving maritime [...]
SEOUL, April 29 (Korea Bizwire) — South Korea’s financial regulator said Tuesday it plans to ease capital adequacy requirements for insurance companies to help lessen their burdens and raise the quality of their capital base. The Financial Services Commission said it will complete procedures needed to revise related laws on insurers’ capital adequacy ratio by [...]
After centuries lost to history, a revered Korean statue returned home — only to leave again. In its passage, it carries the weight of memory, loss, and the fragile hope for reconciliation. SEOSAN, South Korea, April 29 (Korea Bizwire) – In the quiet foothills of Seosan, beneath the soft breath of spring winds, a golden [...]
GIMCHEON, April 29, (Korea Bizwire) — As wildlife activity increases in the spring months, South Korea’s highway authority is urging drivers to exercise heightened caution to prevent animal-vehicle collisions, known as roadkill incidents. The Korea Expressway Corporation said Monday that drivers should be particularly alert during May and June, when wildlife crossings on highways peak. [...]
SEOUL, April 29, (Korea Bizwire) — South Korea’s overall disability employment rate saw a modest improvement in 2024, but private-sector companies continue to lag behind their mandatory hiring targets, government data showed Monday. According to the Ministry of Employment and Labor, as of the end of 2024, the average disability employment rate across 32,692 public [...]
SEOUL, April 29, (Korea Bizwire) — The fallout from a major hacking incident at SK Telecom is set to trigger a significant environmental cost, with greenhouse gas emissions from mass SIM card replacements projected to reach thousands of tons, according to industry estimates released Monday. Approximately 23 million SK Telecom subscribers and an additional 1.87 [...]