MARRAKESH, Morocco, Oct. 12 (Korea Bizwire) — South Korea’s finance minister on Thursday vowed to join a global partnership centering on encouraging developing nations’ participation in the global supply chain for clean energy. “The RISE program will create additional value by playing key roles in the midstream and downstream processes, and lead to new growth [...]
SEOUL, Oct. 11 (Korea Bizwire) – According to a recent study, over the past five years, more than 17,000 South Koreans have chosen to relocate to other countries. The United States has emerged as the destination of choice, closely followed by Canada. The Ministry of Foreign Affairs has provided data to the National Assembly, which is [...]
WASHINGTON, Oct. 10 (Korea Bizwire) — The reigniting of the Israel-Hamas conflict, coupled with Russia’s ongoing war in Ukraine, could shift the United States’ attention further away from North Korea’s nuclear quandary, analysts said Tuesday. The conflict flared up following the Palestinian militant group’s deadly surprise attack on Israel on Saturday, as Washington’s stated commitment [...]
SEOUL, Oct. 10 (Korea Bizwire) – A South Korean passenger jet carrying dozens of citizens is set to return home from Israel, the foreign ministry said Tuesday, after violence erupted between Israel and Palestinian Islamist group Hamas. The Korean Air Co. flight carrying 214 passengers, including 192 Korean nationals, departed from Tel Aviv at 1:50 [...]
SEOUL, Oct. 10 (Korea Bizwire) — South Korea, the United States and Japan staged a trilateral maritime interdiction exercise in waters south of the Korean Peninsula this week for the first time in seven years, the South Korean Navy said Tuesday, amid efforts to strengthen security coordination against North Korean threats. The two-day exercise, which [...]
PARIS/SEOUL, Oct. 10 (Korea Bizwire) — Prime Minister Han Duck-soo held a symposium in Paris as part of his four-nation European trip, ramping up efforts to promote South Korea’s bid to host the 2030 World Expo in the southern city of Busan, his office said Tuesday. After his arrival in Paris, Han participated in the Busan [...]
WASHINGTON, Oct. 9 (Korea Bizwire) — A South Korean Navy cruise training group, including 151 naval cadets, arrived at a port in Maryland on Monday, for a visit to mark the 70th anniversary of the alliance between South Korea and the United States. ROKS Hansando (ATH-81), a training ship, and ROKS Hwacheon (AOE-59), a combat [...]
SEOUL, Oct. 9 (Korea Bizwire) – Leading South Korean companies are keeping close tabs on the potential business fallout from the escalating conflict between Israel and Palestinian Islamist group Hamas, industry sources said Monday, though no damage has yet been reported among firms operating in the Middle Eastern country. According to industry officials, Samsung Electronics [...]
SEOUL, Oct. 9 (Korea Bizwire) – The United States has decided to allow exports of its semiconductor manufacturing equipment to Samsung Electronics and SK hynix factories in China without a separate approval process, the presidential office said Monday, a much-needed relief to the Korean chipmakers. The U.S. government has designated Samsung Electronics and SK hynix’s [...]
SEOUL, Oct. 5 (Korea Bizwire) – The U.S. military has changed the naming of the waters between the Korean Peninsula and Japan in photo captions describing the venue for last week’s bilateral naval drills with South Korea, its website showed Thursday. The U.S. Indo-Pacific Command had initially used the Japanese name for the body of [...]