SEOUL, Apr. 10 (Korea Bizwire) — South Korea is in talks with China and Japan to hold a long-stalled trilateral summit of their leaders around May 26-27, a news report said Wednesday. The three countries have entered into final consultations about holding the three-way summit in South Korea late next month, according to the Japanese [...]
SEOUL, Apr. 5 (Korea Bizwire) — South Korea’s industry ministry said Friday it has designated six overseas partner institutions to establish global technology cooperation centers, aiming to advance research projects focused on core technologies. The country will seek to establish such centers under ties with MIT, Yale University, Purdue University, Fraunhofer, Johns Hopkins University and [...]
SEOUL, Apr. 5 (Korea Bizwire) — South Korea is in talks with China and Japan to set a specific date to host a long-stalled trilateral summit next month, a foreign ministry official said Friday. “We are currently discussing the date of the summit in Seoul, and we will let you know the specific date as [...]
SEOUL, Apr. 3 (Korea Bizwire) – The U.S. State Department has officially referred to the Jeju April 3rd Incident, a dark chapter in South Korea’s history, as a “tragic event” that “should not be forgotten.” This statement marks a significant shift as the United States, which governed the southern part of the Korean Peninsula from September [...]
SEOUL, Apr. 2 (Korea Bizwire) — Foreigners and overseas Koreans can only become eligible for the state health insurance coverage as dependents if they reside in South Korea for at least six months, according to the health ministry Tuesday. The tightened rule, which goes into effect Wednesday, comes as some foreigners have reportedly exploited the [...]
WASHINGTON, Apr. 1 (Korea Bizwire) – The Office of the U.S. Trade Representative (USTR) has taken issue again with South Korean bills calling on foreign online content providers to pay network usage fees in a recent report, saying they could be “anticompetitive.” On Friday, the office issued the 2024 National Trade Estimate Report on Foreign [...]
SEJONG, Mar. 27 (Korea Bizwire) – South Korea’s trade ministry said Wednesday it has discussed measures to bolster bilateral cooperation with Cambodia in areas including trade, infrastructure and carbon neutrality. Trade Minister Cheong In-kyo met Kem Sithan, the acting minister of Cambodia’s commerce ministry, in Phnom Penh to share ideas on ways to broaden economic [...]
SEOUL, Mar. 27 (Korea Bizwire) — South Korea and the European Union (EU) have agreed to conduct joint research projects on advanced semiconductor and next-generation communications network technologies in the next three years, Seoul’s science ministry said Wednesday. Under the agreement, South Korea and the EU will jointly invest 12 million euros (US$12.98 million) on [...]
SEOUL, Mar. 27 (Korea Bizwire) – As the European Union expands its environmental, social, and governance (ESG) regulations on exports, South Korean companies appear to be lagging in their awareness and preparedness, according to a recent survey conducted by the Korea Chamber of Commerce and Industry (KCCI). The survey, conducted with 205 domestic exporting firms, revealed [...]
TOKYO, Mar. 26 (Korea Bizwire) – In a defiant move, families of victims of forced labor during World War II, who have rejected South Korea’s proposed solution of third-party compensation, visited Japanese companies on March 25 to demand a direct apology and payment from the firms involved. However, their efforts were met with a [...]