SEOUL, July 2 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Wednesday their combined vehicle sales in the United States rose 0.9 percent in June from a year earlier, with growth slowing from the previous month amid ongoing concerns over U.S. auto tariffs. The two automakers sold a total of [...]
SEOUL, July 2 (Korea Bizwire) — South Korea and Poland have completed talks over the export of additional K2 tanks to the European nation, the South’s state arms procurement agency said Wednesday, in what would be the first major arms contract signed under the new government when signed. Polish Defense Minister Wladyslaw Kosiniak-Kamysz and Hyundai [...]
SEOUL, July 2 (Korea Bizwire) — A group of 29 secondary school teachers from the United States, Europe, and the Asia-Pacific region have arrived in South Korea for a firsthand look at the country’s complex history, rapid industrialization, and dynamic culture, moving beyond the textbook depictions they typically present in classrooms. The initiative, titled the [...]
SEOUL, July 1 (Korea Bizwire) — President Lee Jae Myung and the president of the United Arab Emirates spoke by phone Tuesday and agreed to deepen bilateral cooperation in advanced technologies and the energy and defense industries, the presidential office said. In their first phone conversation since Lee took office last month, Lee told President [...]
SEOUL, July 1 (Korea Bizwire) — TV footage showing North Korean leader Kim Jong-un mourning over the coffins of soldiers who were believed to be killed during the Russia-Ukraine war was partly aimed at demanding Moscow provide rewards for Pyongyang, Seoul’s unification ministry said Tuesday. North Korea’s state media aired Monday footage of Kim honoring [...]
SEOUL, July 1 (Korea Bizwire) — The chairman of Daewoo Engineering & Construction (Daewoo E&C) Co. paid a courtesy visit to Turkmenistan’s president and top officials last week to discuss ways to expand the company’s business opportunities in the Central Asian nation, the company said Tuesday. During his visit, Daewoo E&C Chairman Jung Won-ju met [...]
SEOUL, July 1 (Korea Bizwire) — When American B-2 bombers streaked across the sky and obliterated three key nuclear sites in Iran last month, the world watched with a mix of awe and unease. But for one veteran U.S. expert on Korean affairs, the shockwaves from the strike may be felt in a far more unexpected [...]
SEOUL, June 30 (Korea Bizwire) — As the clock ticks down to a critical trade deadline, South Korea is turning to its citizens, industry experts, and policy stakeholders for input before it finalizes its negotiation stance in upcoming tariff talks with the United States. On Monday, the Ministry of Trade, Industry and Energy held a [...]
SEOUL, June 30 (Korea Bizwire) — North Korea has informed the U.S.-led U.N. Command (UNC) of its plans to build fortifications inside the border between the two Koreas, Seoul’s defense ministry said Monday, marking the first notification of its kind in more than six months. The North notified the multinational command tasked with monitoring inter-Korean [...]
SEOUL, June 27 (Korea Bizwire) – South Korea’s auto parts sector is bracing for intensified export headwinds as the United States signals a possible expansion of its 25% import tariffs on vehicle components, deepening concerns in an industry already grappling with high trade barriers. On June 24, the U.S. Department of Commerce’s International Trade Administration [...]