SEOUL, June 23 (Korea Bizwire) — President Lee Jae Myung on Monday instructed the presidential office and all ministries to be put under an emergency response system in order to address heightened tensions in the Middle East following U.S. strikes on Iran’s nuclear sites. In his first meeting with senior presidential aides since taking office, [...]
SEOUL, June 23 (Korea Bizwire) — The state-run Korea National Oil Corp. (KNOC) said Monday it is closely monitoring the global oil supply and preparing for the possible release of oil reserves following reports that Iran is pushing to close the Strait of Hormuz. “We began 24-hour monitoring of changes in international oil prices and [...]
SEOUL, June 23 (Korea Bizwire) — Naver Cloud Corp., the cloud service affiliate of IT giant Naver Corp., said Monday it has signed an agreement with the city of Izumo in southern Japan to introduce its artificial intelligence (AI) phone chatbot service, CLOVA CareCall. Under the agreement, Naver Cloud will work with the city of [...]
SEOUL, June 22 (Korea Bizwire) — In an era where diplomacy increasingly plays out in digital spaces, South Korean President Lee Jae-myung is reshaping how leaders connect with the world—one tweet at a time. Earlier this week, before departing for the G7 Summit in Canada, President Lee instructed his staff to publish his social media [...]
SEOUL, June 21 (Korea Bizwire) — South Korea’s benchmark KOSPI index surged past the 3,000 mark for the first time in three and a half years this week, fueling investor interest in sectors poised to benefit from President Lee Jae-myung’s economic agenda amid intensifying global volatility driven by renewed U.S. protectionism under President Trump. Analysts attribute [...]
BOSTON, June 21 (Korea Bizwire) — South Korea solidified its standing as a global biotech powerhouse at this year’s BIO International Convention (BIO USA), the world’s largest biotechnology exhibition, which concluded Wednesday in Boston. With over 1,300 Korean delegates—the most from any overseas nation for the third consecutive year—South Korea’s presence reflected both its scientific [...]
SEOUL, June 20 (Korea Bizwire) — The U.S. Embassy in Seoul resumed accepting visa applications for student and exchange visitors Friday, saying it will conduct “thorough vetting” of applicants’ presence on social media. The announcement is in line with the U.S. State Department’s release on Thursday (U.S. time) that all U.S. overseas missions will be [...]
SEOUL, June 19 (Korea Bizwire) – South Korea’s energy supply has yet to experience any disturbance from the Israel-Iran conflict, Seoul’s industry ministry said Thursday, noting it is maintaining an emergency mode in response to escalating tensions in the Middle East. The Ministry of Trade, Industry and Energy held an emergency meeting with officials from [...]
SEOUL, June 19 (Korea Bizwire) — North Korea fired around 10 artillery shells from its multiple rocket launcher system Thursday, South Korea’s military said, a day after the South conducted joint air drills with the United States and Japan. The North fired the shells toward the Yellow Sea at around 10 a.m. from the Sunan [...]
TOKYO/SEOUL, June 19 (Korea Bizwire) — Japanese Prime Minister Shigeru Ishiba said Thursday he had a good discussion with President Lee Jae Myung during their first summit in Canada earlier this week, noting that they “aligned on views” on shared issues. Ishiba made the remark at an event in Tokyo held to celebrate the 60th [...]