SEOUL, Nov. 2 (Korea Bizwire) – A South Korean government research institute has warned that if Donald Trump returns to the presidency and implements his proposed tariff policies, South Korea could see its exports decline by as much as $44.8 billion (61.7 trillion won). According to a report released on October 31 by the Korea Institute [...]
SEOUL, Nov. 1 (Korea Bizwire) — The navies of South Korea and the United States have agreed to create a joint cooperative group on maritime science and technology, officials said Friday, amid efforts to deepen bilateral defense and technology ties. Representatives from the two sides signed an initial agreement to form the Maritime Science, Technology [...]
SEOUL, Oct. 31 (Korea Bizwire) — North Korea fired what appeared to be a new type of solid-fuel intercontinental ballistic missile (ICBM) toward the East Sea on Thursday, South Korea’s military said, in a move apparently aimed at bolstering Pyongyang’s leverage head of the U.S. presidential election next week. Thursday’s launch also came hours after [...]
SEOUL, Oct. 31 (Korea Bizwire) — The oceans ministry said Thursday it will work to establish the Korean name “gim” as a globally recognized term for seaweed products as part of efforts to boost their exports. “South Korea has been facing hurdles in promoting its gim products, as they have been referred to by various [...]
SEOUL, Oct. 30 (Korea Bizwire) – North Korea’s state-sponsored cyberunit, comprising some 8,400 hackers, has mounted over 10,000 attacks against South Korea this year, South Korea’s cyber operation command said Wednesday. The Cyber Operations Command revealed these findings during a parliamentary audit session, according to Rep. Lee Seong-kweun of the ruling People Power Party and [...]
SEOUL, Oct. 30 (Korea Bizwire) – With the U.S. presidential election just a week away, American protectionist policies appear to be intensifying, creating complex calculations for South Korean companies trying to maintain their competitive edge in a rapidly evolving global market. While U.S.-China tensions are expected to continue regardless of who wins, the candidates’ divergent approaches [...]
SEOUL, Oct. 30 (Korea Bizwire) — An annual conference of South Korean business leaders from around the world is successfully under way in Vienna after its opening ceremony at the Austria Center Vienna earlier this week, organizers said Wednesday. The World Federation of Overseas Korean Traders Association (World-OKTA) opened its 28th leaders’ convention in the [...]
SEOUL, Oct. 30 (Korea Bizwire) — A joint exhibition aimed at promoting information technology exchanges between North Korea and Russia has opened in Pyongyang, the North’s state media said Wednesday, marking their first such event in 18 years. The exhibition, held at the People’s Palace of Culture, opened Tuesday, according to the Korean Central News [...]
SEJONG, Oct. 29 (Korea Bizwire) – South Korea’s exports, long considered the backbone of its economy, are showing signs of weakness, amplifying concerns about the country’s economic outlook. The possibility of a Donald Trump victory in the U.S. presidential election, with his promises of aggressive tariff policies, is raising additional concerns about the recovery of exports [...]
SEOUL, Oct. 24 (Korea Bizwire) – President Yoon Suk Yeol and his Polish counterpart, Andrzej Duda, condemned North Korea’s troop deployment to Russia and agreed to strengthen security and defense industry cooperation during their summit Thursday. Yoon and Duda voiced concerns over the growing military ties between Pyongyang and Moscow after South Korea and the [...]