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 [...]
SEOUL, Aug. 26 (Korea Bizwire) — Ministerial-level officials from over 40 countries worldwide have gathered in South Korea this week for a series of meetings for discussions on ways to expand and promote the use of eco-friendly energy sources, Seoul’s industry ministry said Tuesday. The 16th Clean Energy Ministerial (CEM) meeting kicked off Monday in [...]
WASHINGTON, Aug. 26 (Korea Bizwire) — When President Donald J. Trump sat down with South Korean President Lee Jae-myung at the White House on Monday, it did not take long for old ambitions to resurface. Amid the pleasantries of their first summit since Mr. Lee took office in June, Mr. Trump signaled a desire to revive a [...]
SEOUL, Aug. 26 (Korea Bizwire) — President Donald J. Trump suggested this week that the United States should seek ownership of land hosting American military bases in South Korea, a remark that unsettled officials in Seoul and fueled concerns that his brand of “new expansionism” could complicate the alliance. During a summit with South Korean President [...]
WASHINGTON, Aug. 26 (Korea Bizwire) — U.S. President Donald Trump on Monday expressed his hope to meet North Korean leader Kim Jong-un this year, renewing his desire to reengage with the reclusive leader, as he held his first in-person summit with South Korean President Lee Jae Myung in Washington. Sitting next to Lee at the [...]
SEOUL, Aug. 26 (Korea Bizwire) — CJ Group Chairman Lee Jay-hyun has met with U.S. business leaders to discuss business opportunities in the food and cultural sectors during a business roundtable, his company said Tuesday, underscoring his commitment to strengthening U.S. business and investment. As a member of a business delegation accompanying President Lee Jae [...]
WASHINGTON & SEOUL, Aug. 26 (Korea Bizwire) — When President Lee Jae Myung sat down for his first summit with Donald J. Trump on Monday, the mood could hardly have been more precarious. Hours earlier, Mr. Trump had taken to Truth Social to suggest that South Korea was undergoing something like a “purge or revolution,” [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korea’s state-run postal service has suspended most shipments to the United States after Washington moved to impose customs declarations and duties on all small parcels, raising costs and disrupting cross-border trade. On Monday, the Korea Post stopped accepting low-cost airmail parcels bound for the United States. Beginning Tuesday, [...]
SEOUL, Aug. 25 (Korea Bizwire) — Defense Minister Ahn Gyu-back said Monday the United States has made its position clear, at both the congressional and government levels, that there will be no drawdown of U.S. troops stationed in South Korea. Ahn made the remarks in a parliamentary session, amid speculation that Washington could make official [...]
WASHINGTON, Aug. 24 (Korea Bizwire) – President Lee Jae Myung said Sunday that it is difficult to agree on a demand by Washington on the strategic flexibility of the U.S. forces stationed in South Korea, as the decades-old alliance between Seoul and Washington is expected to face a monumental change, possibly to better deter China. [...]