SEOUL, July 29 (Korea Bizwire) – North Korea has supplied around 6.5 million artillery shells of various calibers to Russia to support its war with Ukraine, along with 600 missile launchers and weapons systems, a Ukrainian intelligence agency has said. The Foreign Intelligence Service of Ukraine (FISU) disclosed the information Monday (local time) in response [...]
SEOUL, July 28 (Korea Bizwire) — As an August 1 deadline looms, South Korea finds itself under mounting pressure from the United States to further open its agricultural and livestock markets—a delicate issue that has long tested the country’s balancing act between international diplomacy and domestic political realities. Behind closed doors, the two allies are [...]
SEOUL, July 28 (Korea Bizwire) — Hyundai Motor’s move to localize auto parts production in the United States in response to steep U.S. tariffs is casting a shadow over South Korea’s auto parts industry, sparking concerns of declining exports and weakened domestic supply contracts. In its second-quarter earnings call on July 24, Hyundai confirmed it [...]
SEOUL, July 25 (Korea Bizwire) — South Korea on Friday raised travel alerts for border regions of Thailand and Cambodia as the armed conflict between the two Southeast Asian countries is escalating over their longstanding territorial dispute. Beginning at 12 p.m., a “special travel advisory,” which advises nationals to refrain from traveling to or to [...]
TAIPEI, July 25 (Korea Bizwire) — European turboprop aircraft maker ATR on Friday signed a major contract with Taiwan-based Uni Air for 19 new ATR 72-600 aircraft while signaling ambitions to expand into the South Korean market. A signing ceremony was held in Taipei to formalize Uni Air’s plans to modernize and expand its domestic [...]
SEOUL, July 24 (Korea Bizwire) — President Lee Jae Myung on Thursday held separate phone calls with his counterparts in Germany and Uzbekistan, his office said, to discuss strengthening bilateral cooperation. During his call with German Chancellor Friedrich Merz, Lee highlighted the strong relationship between the two nations. Merz agreed, noting that Germany and South [...]
SEOUL, July 24 (Korea Bizwire) — National Security Adviser Wi Sung-lac said Thursday he has met with senior officials of the Donald Trump administration during his recent visit to the United States to support ongoing trade negotiations as the tariff deadline looms. In a press notice, Wi said he accompanied Trade Minister Yeo Han-koo for [...]
SEOUL, July 23 (Korea Bizwire) — South Korea will take into account details of a recent trade deal reached between the United States and Japan in a bid to use it as a possible reference for Seoul’s trade negotiations with Washington, the presidential office said Wednesday. U.S. President Donald Trump said Tuesday (local time) that [...]
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 [...]