SEOUL, Sept. 1 (Korea Bizwire) — Britain’s Trade Minister Douglas Alexander paid a rare visit to an artificial intelligence (AI) research center of LG Group on Monday as the South Korean company prepares to launch a new financial service with the London exchange. Alexander visited the AI research center in western Seoul with officials from [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea’s largest chipmakers are facing renewed uncertainty after the Trump administration moved to revoke a waiver that had allowed them to import U.S.-made semiconductor equipment into their factories in China without prior approval. The U.S. Commerce Department announced that Samsung Electronics and SK Hynix will no longer be [...]
SEOUL, Aug. 29 (Korea Bizwire) — North Korean leader Kim Jong-un is likely to use his personal bulletproof special train when he travels to Beijing to attend China’s large-scale military parade next week, sources said Friday. Kim is scheduled to attend a high-profile military parade at Tiananmen Square in Beijing on Wednesday to mark the [...]
SEOUL, Aug. 29 (Korea Bizwire) — South Korean Trade Minister Yeo Han-koo met with Bangladesh’s ambassador to Seoul on Friday to discuss ways to expand economic cooperation between the two countries, Yeo’s office said. In the meeting with Ambassador Toufiq Islam Shatil, Yeo said Bangladesh is a key market connecting Southeast and Southwest Asia and [...]
SEOUL, Aug. 28 (Korea Bizwire) — Celltrion Inc., a leading South Korean biopharmaceutical company, said Thursday it will strengthen its biosimilar lineup in Vietnam to meet rising demand in the Southeast Asian country. Celltrion launched two biosimilars in Vietnam this year — Remsima, for the treatment of autoimmune diseases, in June, and Herzuma, for breast [...]
SEOUL, Aug. 28 (Korea Bizwire) — North Korean leader Kim Jong-un will attend China’s large-scale military parade next week, marking his first trip to China in six years, and his first joint appearance with Chinese President Xi Jinping and Russian President Vladimir Putin, news reports said Thursday. China will hold a high-profile military parade Wednesday [...]
SEOUL, Aug. 27 (Korea Bizwire) – South Korea and China held a virtual meeting among relevant government officials Wednesday to discuss joint efforts to better respond to illegal fishing in South Korea’s territorial waters, Seoul’s foreign ministry said. The meeting took place to assess recent related developments in China and the current status of illegal [...]
WASHINGTON, Aug. 26 (Korea Bizwire) – South Korea, the United States and Japan, together with a U.S. cybersecurity firm, co-hosted a forum this week to help counter threats stemming from North Korea’s overseas dispatch of its information technology (IT) workers, the State Department said Tuesday. The department and the foreign ministries of South Korea and [...]
WASHINGTON, Aug. 26 (Korea Bizwire) — President Lee Jae-myung of South Korea arrived at the White House this week intent on forging personal chemistry with President Donald J. Trump. Over lunch, they swapped stories about surviving assassination threats; at the cameras, they traded quips about building golf courses and Trump Towers in North Korea. But beneath the [...]
SEOUL, Aug. 26 (Korea Bizwire) – South Korea’s Vice Defense Minister Lee Doo-hee met with Luke Pollard, Britain’s Armed Forces Minister, in Seoul on Tuesday to discuss ways to strengthen security and defense industry cooperation between the two countries, the defense ministry said. Lee expressed gratitude for Britain’s contribution to peace and stability on the [...]