SEOUL, June 18 (Korea Bizwire) — North Korea’s vice foreign minister has reaffirmed the country’s “consistent” stance on advancing friendship with China while attending a reception hosted by the Chinese Embassy in Pyongyang to mark the U.N.-designated International Day for Dialogue among Civilizations. Proposed by China, the U.N. General Assembly adopted a resolution last year [...]
SEOUL, June 18 (Korea Bizwire) — South Korea, the United States and Japan held combined air drills Wednesday in an effort to strengthen their trilateral security cooperation against North Korean threats, the South’s Air Force said. It marked the first joint air exercise among the three countries since President Lee Jae Myung took office earlier [...]
SEOUL, June 18 (Korea Bizwire) — South Korea’s state-run trade promotion agency said Wednesday it is operating a Korean pavilion at a major U.S. biotech exhibition this week, highlighting the country’s bio and pharmaceutical technology. The pavilion, run by the Korea Trade-Investment Promotion Agency (KOTRA), features 58 companies in cooperation with five local industrial associations, [...]
SEOUL, June 18 (Korea Bizwire) — Samsung Heavy Industries Co. said Wednesday it has terminated ship equipment contracts worth 4.85 trillion won (US$3.54 billion) with Zvezda Shipbuilding Complex and plans to seek damages over what it called the Russian shipyard’s unilateral breach of contract. The contracts, signed in 2020 and 2021, covered the supply of [...]
SEOUL, June 17 (Korea Bizwire) — North Korea will send 5,000 military construction workers and 1,000 sappers to Russia’s Kursk region, Russian media reports said Tuesday, while Moscow’s security chief visited Pyongyang for talks with North Korean leader Kim Jong-un. The announcement came as Security Council Secretary Sergei Shoigu visited the North Korean capital on [...]
SEOUL, June 17 (Korea Bizwire) — The American Chamber of Commerce in Korea (AMCHAM) said Tuesday its business delegation has completed a four-day visit to Washington aimed at advancing South Korea-U.S. economic cooperation amid a recent leadership change in Seoul. During the chamber’s annual “Doorknock” program from June 9, the delegation held around 40 meetings [...]
CALGARY, Canada, June 16 (Korea Bizwire) — President Lee Jae Myung’s envisioned meeting with U.S. President Donald Trump in Canada won’t take place as Trump abruptly left the Group of Seven (G7) summit earlier than scheduled, Lee’s office said. Lee’s office had been arranging the first in-person meeting with Trump on the sidelines of the [...]
SEOUL, June 16 (Korea Bizwire) — President Lee Jae-myung on Monday called for South Korea and Japan to join hands for a better future, casting the two neighbors as important partners bound to work together amid a rapidly changing global environment. Lee made the remark in a congratulatory video message at the start of an [...]
SEOUL, June 16 (Korea Bizwire) — President Lee Jae-myung departed for Canada on Monday to attend the Group of Seven (G7) summit, marking his diplomatic debut on the global stage just less than two weeks into his term in office. Lee embarked on a three-day trip to Alberta to attend an expanded G7 summit session [...]
SEOUL, June 16 (Korea Bizwire) — LG Display Co., a global leader in display panel manufacturing, has filed a patent infringement lawsuit in the United States against Chinese firm Tianma Microelectronics Co. to protect its intellectual property, according to industry sources Monday. According to the sources, the South Korean company filed the suit Friday (U.S. [...]