SEOUL, July 23 (Korea Bizwire) — North Korea and China have called for a bilateral military friendship and unity in a banquet held in Pyongyang to celebrate the 98th anniversary of the Chinese People’s Liberation Army (PLA), the North’s state media report showed Wednesday. China’s top envoy to Pyongyang, Wang Yajun, hosted the event at [...]
SEOUL, July 23 (Korea Bizwire) — Hyundai Rotem Co., the train manufacturing subsidiary of South Korea’s Hyundai Motor Group, has submitted a bid for a new tram project in Warsaw, Poland, marking its latest push into the European urban rail market, industry sources said Wednesday. According to the sources, Hyundai Rotem participated in a tender [...]
SEOUL, July 22 (Korea Bizwire) – Three Korean films are set to have their world premieres at this year’s Toronto International Film Festival (TIFF), the festival’s organizers said Tuesday. According to the TIFF’s website, Yeon Sang-ho’s “The Ugly,” Lee Hwan’s “Project Y” and Byun Sung-hyun’s “Good News” will all be screened in the prestigious Special [...]
SEOUL, July 18 (Korea Bizwire) — President Lee Jae Myung’s special envoy to India visited the country and met with its Prime Minister Narendra Modi, the foreign ministry said Friday. A team of special envoys led by former Prime Minister Kim Boo-kyum visited New Delhi and paid a courtesy call on Modi on Thursday. They [...]
TOKYO/SEOUL, July 18 (Korea Bizwire) – Senior diplomats of South Korea, the United States and Japan reaffirmed their commitment to advancing trilateral cooperation, as the three sides held talks in Tokyo on Friday. First Vice Foreign Minister Park Yoon-joo was joined by U.S. Deputy Secretary of State Christopher Landau and their Japanese counterpart, Takehiro Funakoshi, [...]
SEOUL, July 18 (Korea Bizwire) — In a direct response to South Korea’s strengthened gaming regulations, U.S. game publisher Electronic Arts (EA) has disabled microtransaction features for Korean users of its upcoming soccer title, “FC 26,” making it one of only two countries—alongside Russia—facing such restrictions. According to industry sources on Thursday, EA has blocked [...]
SEOUL, July 17 (Korea Bizwire) — President Lee Jae Myung and Turkish President Recep Tayyip Erdogan on Thursday agreed to further strengthen the strategic partnership between the two countries, the presidential office said. In the phone call, the two leaders assessed the close economic cooperation in areas such as trade and investment, and pledged to [...]
SEOUL, July 17 (Korea Bizwire) — Industry Minister nominee Kim Jung-kwan on Thursday pledged to mobilize all available resources to boost exports and spur economic growth, while vowing to pursue “pragmatic” trade policies in response to the United States’ aggressive tariff scheme. Kim made the commitment during his parliamentary confirmation hearing, after being nominated as [...]
SEOUL, July 16 (Korea Bizwire) — The presidential office on Wednesday welcomed a decision to name South Korea as host of the 48th annual session of UNESCO’s World Heritage Committee next year, calling it a “historic moment” for the country. During the committee’s ongoing meeting at UNESCO Headquarters in Paris on Tuesday, South Korea was [...]
SEOUL/WASHINGTON, July 16 (Korea Bizwire) — Vice foreign ministers of South Korea, the United States and Japan will hold trilateral talks this week to discuss ways of further enhancing cooperation on North Korean issues and economic security, Seoul’s foreign ministry said Wednesday. First Vice Foreign Minister Park Yoon-joo, U.S. Deputy Secretary of State Christopher Landau [...]