SEOUL, Aug. 20 (Korea Bizwire) — South Korea’s semiconductor industry was rattled Wednesday by reports that Washington is considering acquiring equity stakes in foreign chipmakers building plants in the United States, including Samsung Electronics and Taiwan’s TSMC. The idea surfaced as the U.S. government explores converting subsidies provided under the CHIPS and Science Act into [...]
SEOUL, Aug. 20 (Korea Bizwire) – National Assembly Speaker Woo Won-shik was officially invited by China to attend Beijing’s military parade marking the end of World War II next month, his office said Wednesday. “Woo received an official invitation from the Chinese government to attend the Victory Day event on Sept. 3,” the office said [...]
SEOUL, Aug. 20 (Korea Bizwire) — Senior defense officials of South Korea and Singapore met in Seoul on Wednesday and agreed to expand their cooperation on the occasion of the 50th anniversary of the countries’ bilateral ties, Seoul’s defense ministry said. In the talks, Vice Defense Minister Lee Doo-hee and his Singaporean counterpart, Chan Heng [...]
SEOUL, Aug. 20 (Korea Bizwire) — The presidential office on Wednesday expressed regret over the latest criticism of President Lee Jae Myung’s recent peace overtures by the sister of North Korean leader Kim Jong-un, saying that her remarks “distort” Seoul’s sincere efforts to restore inter-Korean trust. Earlier in the day, the North’s state media reported [...]
SEOUL, Aug. 19 (Korea Bizwire) — The chief of the state-run Korea Hydro & Nuclear Power Co. (KHNP) confirmed Tuesday the company has closed operations in Poland amid speculations that its agreement with U.S. energy firm Westinghouse over an intellectual property (IP) dispute influenced the decision. “After the new Polish administration took office … the [...]
SEOUL, Aug. 18 (Korea Bizwire) — President Lee Jae Myung on Monday met with visiting U.S. senators to exchange opinions about bilateral alliances and economic cooperation, his office said, ahead of his planned meeting with U.S. President Donald Trump. Lee held talks with Tammy Duckworth (D-IL) and Andy Kim (D-NJ) at his office before his [...]
SEOUL, Aug. 18 (Korea Bizwire) — Senior diplomats of South Korea and Britain on Monday agreed to speed up negotiations to upgrade a bilateral free trade agreement (FTA) as part of efforts to expand trade and investment, the foreign ministry said. Second Vice Foreign Minister Kim Jina and Catherine West, parliamentary under secretary of state [...]
SEOUL, Aug. 17 (Korea Bizwire) — Samsung Electronics reported a decline in first-half revenue from China, citing mounting U.S. sanctions, weakening demand, and intensifying local competition, while sales in the United States grew, buoyed by robust demand from Big Tech firms investing in AI infrastructure. According to the company’s semiannual report released Sunday, Samsung’s exports to [...]
SEOUL, Aug. 15 (Korea Bizwire) — President Lee Jae Myung on Friday hosted a dinner with members of the diplomatic corps, seeking their support ahead of his meetings with foreign leaders during South Korea’s hosting of this year’s Asia-Pacific Economic Cooperation (APEC) summit and other upcoming diplomatic engagements. The dinner, held at the former presidential [...]
Activists demand that Japanese Prime Minister Shigeru Ishiba pay tribute at Yasukuni Shrine in Tokyo during a rally at the shrine on Aug. 15, 2025, on the anniversary of Japan’s surrender in World War II. (Image courtesy of Yonhap) SEOUL, Aug. 15 (Korea Bizwire) — South Korea expressed deep regret Friday after Japanese Prime Minister [...]