SEOUL, Dec. 23 (Korea Bizwire) — South Korea’s manufacturing and export sectors, the backbone of its economy, are bracing for significant challenges in early 2025 due to rising global trade tensions and domestic political instability. Concerns are growing over protectionist policies from major economies, particularly under the incoming Trump administration, and a leadership void in [...]
SEOUL, Dec. 23 (Korea Bizwire) — Ukraine’s military unveiled what it claimed were false identification documents carried by North Korean troops killed in the war with Russia, a report showed, amid Kyiv’s claim that Russia is trying to conceal the presence of North Korean soldiers. Citing images shared on the Telegram channel of Ukraine’s special [...]
SEOUL, Dec. 23 (Korea Bizwire) — North Korea appears to be preparing to deploy additional troops and military equipment to Russia, possibly including suicide drones, in support of Moscow’s war against Ukraine, the South’s military said Monday. The assessment came as North Korea is believed to have sent thousands of troops to fight for Russia [...]
TOKYO/SEOUL, Dec. 23 (Korea Bizwire) – Fourteen years after the Fukushima Daiichi nuclear disaster, radioactive contamination remains a serious issue for wild mushrooms harvested in eastern Japan, according to a report by Tokyo Shimbun on December 22. A recent investigation by a local citizens’ group revealed that 28% of 100 wild mushroom samples sourced from [...]
SEOUL, Dec. 20 (Korea Bizwire) — Acting President Han Duck-soo said Friday that South Korea is ensuring no gaps in its security amid the ongoing impeachment turmoil by maintaining a watertight readiness posture with its ally the United States. Han made the remark during a meeting of senior government and ruling party officials, which was [...]
SEOUL, Dec. 19 (Korea Bizwire) — Acting President Han Duck-soo held phone talks with Japanese Prime Minister Shigeru Ishiba on Thursday and agreed to continue trilateral security cooperation with the United States to cope with the deepening military ties between North Korea and Russia, officials said. Han held the phone conversation with Ishiba after President [...]
SEOUL, Dec. 19 (Korea Bizwire) — South Korea’s spy agency on Thursday said at least 100 North Korean troops dispatched to Russia for combat in Ukraine were killed and 1,000 injured, according to a lawmaker. In a closed-door briefing to the parliamentary intelligence committee, the National Intelligence Service (NIS) also said the Russian military has [...]
SEOUL, Dec. 18 (Korea Bizwire) — The European Union (EU) has signaled a shift in its trade policy to strengthen its own industries, similar to that of the incoming U.S. administration under President-elect Donald Trump, posing challenges for export-oriented South Korean businesses, an industry report projected Wednesday. According to the report by the Korea International [...]
WASHINGTON, Dec. 17 (Korea Bizwire) — A prominent U.S. expert has expressed his hope for Acting President Han Duck-soo to be a “source of stability” amid South Korea’s political turmoil, but warned that absent a fully elected president, Seoul could face a disadvantage in engaging with the administration of incoming U.S. President Donald Trump. Victor [...]
SEOUL, Dec. 18 (Korea Bizwire) — Chung Yong-jin, chairman of South Korean retail conglomerate Shinsegae Group, was set to meet with Donald Trump Jr., the eldest son of U.S. President-elect Donald Trump, at the president-elect’s Florida resort this week, the group said Wednesday. Chung is visiting the Mar-a-Lago resort Tuesday and Wednesday (U.S. time) to [...]