SEOUL, Aug. 12 (Korea Bizwire) — Foreign Minister Cho Hyun will visit HD Hyundai Heavy Industries Co.’s shipyard with Joseph Yun, the acting U.S. ambassador to South Korea, this week to explore ways to expand bilateral cooperation in the shipbuilding sector, the foreign ministry said Tuesday. Cho and Yun plan to visit the shipyard in [...]
SEOUL, Aug. 12 (Korea Bizwire) — Two British naval vessels have docked in South Korea as part of a regional tour aimed at enhancing security cooperation in the Indo-Pacific, the British Embassy in Seoul said Tuesday. The frigate HMS Richmond arrived at a port in the southern city of Busan earlier in the day, while [...]
SEOUL, Aug. 12 (Korea Bizwire) — Top business leaders of South Korea and Vietnam on Tuesday highlighted the need to form a strategic economic partnership between their countries while vowing to continue enhancing their bilateral cooperation in various sectors. “Today, the business environment faced by both countries at home and abroad remains challenging,” Chey Tae-won, [...]
SEOUL, Aug.11 (Korea Bizwire) — On August 11, South Korea’s First Lady Kim Hye-kyung engaged in diplomatic “spouse diplomacy” with Ngo Phuong Lan, the wife of the General Secretary of the Communist Party of Vietnam, during her visit to Seoul. The two women, dressed in their respective national traditional attire, visited the National Museum of [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea and Vietnam will work to expand bilateral cooperation in the energy industry, including renewable energy and nuclear power, as the two countries aim to bolster ties in trade, security and other sectors, Seoul officials said Monday. The countries’ industry ministries signed a memorandum of understanding (MOU) to [...]
SEOUL, Aug. 11 (Korea Bizwire) – President Lee Jae Myung held phone talks with Dutch Prime Minister Dick Schoof on Monday and discussed ways to step up their bilateral cooperation in semiconductors and other areas, his office said. During their first phone talks, Schoof congratulated Lee on his inauguration and expressed hope that the friendly [...]
SEOUL, Aug. 11 (Korea Bizwire) — Unification Minister Chung Dong-young met with the Swedish ambassador in Seoul on Monday to discuss ways to step up cooperation and address pending issues on the Korean Peninsula, his office said. During talks with Swedish Ambassador to South Korea Karl-Olof Andersson, Chung expressed appreciation for Sweden’s diplomatic efforts to [...]
SEOUL, Aug. 11 (Korea Bizwire) — Seoul’s central bank said Monday it has signed a renewed memorandum of understanding (MOU) with its Vietnamese counterpart, the State Bank of Vietnam, to promote bilateral partnership. The updated MOU, initially signed in 2004, aims to deepen cooperation in various areas between the two central banks, including monetary policy [...]
PYEONGTAEK, South Korea, Aug. 10 (Korea Bizwire) – The commander of the U.S. Forces Korea (USFK) said taking “shortcuts” for the transition of wartime operational control (OPCON) to Seoul from Washington could imperil the readiness posture on the Korean Peninsula. Gen. Xavier Brunson stressed the need to adhere to bilaterally agreed-upon conditions for the OPCON [...]
SEOUL, Aug. 10 (Korea Bizwire) — The Trump administration has reportedly pressed South Korea for explicit consent regarding the strategic flexibility of U.S. Forces Korea (USFK), a key issue that may emerge as a significant agenda item in upcoming U.S.-South Korea summits or security discussions. Strategic flexibility allows the U.S. military to expand its operational reach [...]