GWANGJU, June 13 (Korea Bizwire) – Most of the Koreans who were forcibly mobilized by Japan to build military facilities on the Marshall Islands in the South Pacific during the 1910-45 colonial era were drafted from the southwestern province of South Jeolla, a civic group said Friday. The group supporting the victims of forced mobilization [...]
SEOUL, June 13 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. are scrambling to assess the impact of Washington’s decision to add home appliances to a list of derivatives subject to a 50 percent steel tariff, according to industry sources Friday. The U.S. commerce department has published a notice on the Federal Register, [...]
SEOUL, June 12 (Korea Bizwire) — President Lee Jae-myung spoke by phone with Australian Prime Minister Anthony Albanese on Thursday, and the two sides agreed to strengthen cooperation in defense, arms and critical minerals, his spokesperson said. During the 15-minute call, the first between the two leaders since Lee took office last week, Lee noted [...]
SEOUL, June 12 (Korea Bizwire) — Incheon International Airport Corp. (IIAC) said Thursday it has signed a memorandum of understanding (MOU) with the Guayaquil Airport Authority of Ecuador to cooperate on the development and operation of a new international airport in the South American country’s largest commercial hub. Under the MOU signed Wednesday, the two [...]
SEOUL, June 11 (Korea Bizwire) – Pilots made an emergency escape following an accident involving a South Korean KF-16 fighter jet taking part in the U.S.-led multinational Red Flag air exercise in Alaska, the South’s Air Force said Wednesday. The two pilots ejected themselves from the double-seat fighter after an emergency situation occurred at around [...]
SEOUL, June 10 (Korea Bizwire) — The Korea Trade-Investment Promotion Agency (KOTRA) said Tuesday it has launched an internal task force aimed at overhauling the country’s export strategy structure to help the country achieve US$1 trillion in annual exports. The trade structure innovation task force was formed to strategically respond to the rapidly changing global [...]
SEOUL, June 10 (Korea Bizwire) -- HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Tuesday it has secured a 2.4 trillion-won (US$1.76 billion) order to build eight container ships for an Asian shipping company by 2028. The 15,900 twenty-foot equivalent unit (TEU) container carriers will be constructed at the shipyard of HD Hyundai [...]
SEOUL, June 10 (Korea Bizwire) — South Korea is likely to sign a deal worth around US$6 billion to export additional K2 tanks to Poland later this month, government sources said Tuesday, in what would be Seoul’s biggest single arms export contract. Under the deal set to be signed in late June, Poland will receive [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s top military officer met with the chief of the U.S. Transportation Command on Monday and discussed ways to bolster cooperation, such as regularizing combined transportation drills, the South’s Joint Chiefs of Staff (JCS) said. JCS Chairman Adm. Kim Myung-soo and Gen. Randall Reed held talks in Seoul, [...]
SEOUL, June 9 (Korea Bizwire) — President Lee Jae-myung and Japanese Prime Minister Shigeru Ishiba agreed to deal with geopolitical crises under the framework of trilateral cooperation with the United States in their first phone talks Monday, the presidential office said. During the 25-minute conversation, Lee and Ishiba also reaffirmed the importance of bilateral ties [...]