SEOUL, July 31 (Korea Bizwire) — South Korea’s offer to help revitalize the United States’ shipbuilding industry was a key to reaching a tariff deal with the Donald Trump administration, Seoul’s trade minister said Thursday, also highlighting a “key role” U.S. Secretary of Commerce Howard Lutnick played in securing the last-minute deal. “I think the [...]
SEOUL, July 31 (Korea Bizwire) — South Korea has agreed to purchase US$100 billion worth of liquefied natural gas (LNG) and other energy products from the United States over the next four years under a tariff deal, U.S. President Donald Trump’s administration announced Thursday. However, the plan does not involve purchasing Alaskan LNG or participation [...]
SEOUL, July 31 (Korea Bizwire) — National Assembly Speaker Woo Won-shik on Thursday welcomed a new tariff deal between South Korea and the United States, vowing to spare no effort in providing legislative support. Woo made the remark in a Facebook post after the South Korean delegation reached the deal with the administration of U.S. [...]
SEOUL, July 31 (Korea Bizwire) — South Korean farmers and civic groups on Thursday welcomed the exclusion of rice and beef from the nation’s latest trade deal with the United States. “The government emphasized that there will be no further opening of rice and beef markets,” they said in a statement issued during a rally [...]
WASHINGTON, July 30 (Korea Bizwire) — U.S. President Donald Trump announced a tentative trade agreement with South Korea on Tuesday, stating that the United States will lower its reciprocal tariff rate on Korean goods from 25% to 15% in exchange for a $350 billion investment package from Seoul. In a post on Truth Social following [...]
SEOUL, July 30 (Korea Bizwire) — A presidential delegation to Australia has met with top officials in Canberra and reaffirmed South Korea’s efforts to advancing bilateral relations under the Lee Jae Myung government, Seoul’s foreign ministry said Wednesday. The special envoys, led by former National Assembly Speaker Kim Jin-pyo, delivered Lee’s message in their meetings [...]
SEOUL, July 30 (Korea Bizwire) — A South Korean delegation has visited Poland to deliver President Lee Jae Myung’s message on the commitment to further expanding bilateral cooperation in defense and other areas, Seoul’s foreign ministry said Wednesday. The delegation, led by veteran politician Park Jie-won of the ruling Democratic Party, was the first group [...]
SEOUL, July 30 (Korea Bizwire) — President Lee Jae Myung met Wednesday with former Japanese Prime Minister Yoshihide Suga to discuss ways to further develop bilateral relations between the two nations, the presidential office said. Suga headed a delegation from the Japan-South Korea Parliamentarians’ Association, marking the highest-level Japanese political figure’s first visit to Seoul [...]
SEOUL, July 30 (Korea Bizwire) — South Korea and the United States are continuing last-minute trade negotiations on areas including semiconductors, batteries and biotechnology on top of in-depth discussions on shipbuilding cooperation, the presidential office said Wednesday. Kim Yong-bum, the presidential chief of staff for policy, made the remarks as top Seoul officials are visiting [...]
TOKYO, July 30 (Korea Bizwire) — South Korean Foreign Minister Cho Hyun met with Japanese Prime Minister Shigeru Ishiba on Wednesday, during which the Japanese leader reaffirmed his intent to maintain and further develop good relations with Seoul. Ishiba made the remarks during his 15-minute meeting with Cho at the prime minister’s residence earlier in [...]