SEOUL, June 2 (Korea Bizwire) — The military said Monday it is in talks with the United States over ways to receive surveillance support, as the Navy grounded around a dozen patrol aircraft in safety measures following a fatal crash last week. On Thursday, a Navy P-3CK patrol plane crashed on a mountain in Pohang, [...]
SEOUL, June 2 (Korea Bizwire) – South Korean stocks finished slightly higher Monday, as investors took a wait-and-see posture ahead of the crucial presidential election amid signs of renewed trade tensions between the United States and China. The local currency rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 1.3 [...]
SEOUL, June 2 (Korea Bizwire) — South Korea is closely monitoring additional observation buoys installed by China near overlapping waters between the two countries, the foreign ministry said Monday, citing concerns they could be used for military purposes. The South Korean Navy recently detected three new buoys installed in May 2023 in international waters near [...]
SEOUL, June 2 (Korea Bizire) — North Korea on Monday denounced a monitoring group on the enforcement of U.N. sanctions against Pyongyang for issuing a report on military cooperation between the North and Russia, calling the move a violation of a state’s sovereign rights. The Multilateral Sanctions Monitoring Team (MSMT) on Thursday issued the first [...]
SEOUL, June 2 (Korea Bizwire) — South Korean defense giant Hanwha Aerospace Co. said Monday it has participated in the Shangri-La Dialogue, a major international security forum held annually in Singapore, marking a step forward in its global defense engagement and becoming the first South Korean defense firm to do so. Michael Coulter, chief executive [...]
Tokyo, June 1 (Korea Bizwire) – In a move to commemorate the 60th anniversary of normalized diplomatic relations between South Korea and Japan, the two countries began operating dedicated immigration lanes for each other’s nationals at four major airports on June 1. The pilot program, running through the end of June, is available at Gimpo and [...]
Tokyo, June 1 (Korea Bizwire) – In a bustling classroom at the Tokyo Korean School in Shinjuku on Sunday, more than 100 participants—ranging from local residents to educators and Korean expatriates—gathered for a spirited seminar on Korean paper folding, known as Jong ie jupgi. The event was part of the 2nd K-Paper Folding Festival, commemorating the [...]
JEJU, May 31 (Korea Bizwire) — Jeju Island’s renowned Saryeoni Forest Trail, long celebrated as a premier ecotourism destination, has been officially designated a symbol of friendship between South Korea and the Arab world, the provincial government announced Thursday. The designation ceremony, held during the opening of the 17th Saryeoni Forest Eco-Healing Experience, coincided with [...]
SEOUL, May 30 (Korea Bizwire) — South Korea’s economy showed renewed signs of weakness in April, with industrial production, consumption, and investment all posting declines — the first “triple minus” since January — as the impact of new U.S. auto tariffs begins to ripple through key sectors. According to data released Friday by Statistics Korea, [...]
JEJU, South Korea, May 30 (Korea Bizwire) — Top African envoys and South Korean experts have discussed concrete steps for expanding their partnerships, emphasizing the promising future of mutual cooperation and growth. Wamkele Mene, secretary-general of the African Continental Free Trade Area (AfCFTA), called for creating opportunities to increase cooperation in the technology and mineral [...]