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Senior U.S. Diplomat Highlights Alliance With S. Korea In 1st Visit Since Lee Took Office

Senior U.S. Diplomat Highlights Alliance With S. Korea In 1st Visit Since Lee Took Office

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 [...]

Lee Vows To Lift Nnnecessary Regulations, Offer Trade Support For Companies

Lee Vows To Lift Nnnecessary Regulations, Offer Trade Support For Companies

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 [...]

N. Korea Steps Up Anti-American Indoctrination Of Students Ahead Of Korean War Anniv.

N. Korea Steps Up Anti-American Indoctrination Of Students Ahead Of Korean War Anniv.

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 [...]

Gov’t Conducts Emergency Review Of Oil, Gas Supplies Amid Rising Tensions In Middle East

Gov’t Conducts Emergency Review Of Oil, Gas Supplies Amid Rising Tensions In Middle East

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 [...]

Food Industry Calls For Gov’t Action On Rising Costs, Delivery Fees

Food Industry Calls For Gov’t Action On Rising Costs, Delivery Fees

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 [...]

S. Korea Issues Special Travel Advisories For Israel, Parts of Iran

S. Korea Issues Special Travel Advisories For Israel, Parts of Iran

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 [...]

Most Korean Victims Of Japanese Forced Mobilization Said To Be From South Jeolla

Most Korean Victims Of Japanese Forced Mobilization Said To Be From South Jeolla

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 [...]

Samsung, LG On Alert As U.S. Plans Additional 50 Pct Steel Tariff On Appliance Imports

Samsung, LG On Alert As U.S. Plans Additional 50 Pct Steel Tariff On Appliance Imports

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, [...]

South Korea, Indonesia Finalize Revised KF-21 Deal, Cutting Jakarta’s Share to 600 Billion Won

South Korea, Indonesia Finalize Revised KF-21 Deal, Cutting Jakarta’s Share to 600 Billion Won

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 [...]