TOKYO, Oct. 23 (Korea Bizwire) – On Thursday, the Tokyo Electric Power Company (TEPCO) reported its analysis of a sample of contaminated water scheduled for a third discharge from Tank A at its Fukushima plant for measurement and verification. The results revealed the presence of various radionuclides including carbon-14, cesium-137, cobalt-60, strontium-90, and iodine-129. Most notably, [...]
SEOUL, Oct. 20 (Korea Bizwire) — The South Korean economy is forecast to be on a recovery track next year but the pace will be “very gradual” as China’s significant economic slowdown and a recession in the United States would hinder the growth of its exports, a senior Fitch Ratings analyst said Friday. Jeremy Zook, [...]
SEOUL, Oct. 20 (Korea Bizwire) — North Korean leader Kim Jong-un has vowed to build a “forward-looking” and “far-reaching” relationship with Russia during his meeting with its foreign minister, state media said Friday, as the two countries move to strengthen military ties amid speculation over their suspected arms deal. Russia’s Foreign Minister Sergei Lavrov made [...]
TOKYO, Oct. 20 (Korea Bizwire) — A Japanese air tanker has departed from Israel carrying dozens of its own nationals and 19 South Koreans, a Japanese media company reported Friday, in a move seen as reciprocation for Seoul’s help in bringing back Japanese people on its plane last week. The Air Self-Defense Force aircraft left [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s state-run oil company said Friday it is inspecting the readiness of local storage facilities to prepare for a potential release of reserves should the ongoing Middle East crisis escalate. “If the crisis escalates, including a scenario of the war expanding to other parts of the Middle East, [...]
SEOUL & TOKYO, Oct. 20 (Korea Bizwire) – Last week, as Japan faced mounting criticism for charging its citizens for chartered evacuation flights from Israel while South Korea provided free assistance to its citizens, the Japanese government decided to align with South Korea’s approach and offer complimentary evacuation support. In a recent development, the Japanese government has [...]
SEOUL, Oct. 19 (Korea Bizwire) – The number of cases of distorted facts on South Korean history identified by the Korean Culture and Information Service (KOCIS) rose over the past three years, but the proportion of corrections being made almost halved, government data showed Thursday. The number of inaccuracies on South Korean history compiled by [...]
SEOUL, Oct. 18 (Korea Bizwire) — Some 200 corporate and government officials from South Korea and Latin American countries will gather in Mexico this week to discuss ways to enhance bilateral trade and cooperation on advanced technology sectors and explore new business chances, Seoul’s finance ministry said Wednesday. The inaugural Korea-Latin America and the Caribbean [...]
WASHINGTON, Oct. 17 (Korea Bizwire) – The U.S. Department of Commerce announced a set of rules Tuesday to update and strengthen its restrictions on the export of advanced computing semiconductors to China in an apparent move to further curb China’s technological advancement. The department’s Bureau of Industry and Security (BIS) released the rules to reinforce [...]
WASHINGTON, Oct. 16 (Korea Bizwire) — South Korea, the United States and Japan established a trilateral communication hotline, a senior Seoul official said Monday, in another sign of progress in their three-way security cooperation amid North Korea’s evolving military threats and China’s increasing assertiveness. The establishment of the hotline came after President Yoon Suk Yeol [...]