SEOUL, May 27 (Korea Bizwire) – South Korea will work to strengthen cooperation with the World Bank as part of efforts to help developing nations advance their agriculture and food technologies, Seoul’s finance ministry said Tuesday. The Ministry of Economy and Finance held an annual meeting with officials from the World Bank in the southeastern [...]
JEJU/SEOUL, May 27 (Korea Bizwire) — An annual international peace forum was set to kick off on South Korea’s southern island of Jeju this week, focusing on peace and security challenges in regions and beyond, according to its organizer on Tuesday. The 20th Jeju Forum for Peace and Prosperity is scheduled to take place at [...]
SEOUL, May 27, 2025 (Korea Bizwire) — As the United States intensifies its efforts to curb China’s shipbuilding dominance, global shipping giants are increasingly turning to South Korean shipyards for new vessel orders, according to industry sources and reporting by TradeWinds. Germany’s Hapag-Lloyd, the world’s fifth-largest container shipping line, had been considering placing new orders [...]
ULLEUNG, South Korea, May 24 (Korea Bizwire) — A group of students and teachers from an international school in Qingdao, China, has completed a historic visit to South Korea’s easternmost islands, Ulleungdo and Dokdo, as part of a cross-cultural educational exchange. According to Ulleung County and the Korea Institute of Ocean Science and Technology (KIOST), 52 [...]
WASHINGTON / CAMBRIDGE, May 23 (Korea Bizwire) — The U.S. Department of Homeland Security has stripped Harvard University of its certification to enroll international students, throwing thousands of lives and academic futures into limbo—including those of dozens of Korean students studying at the elite institution. The decision, announced Wednesday (local time), came after Harvard allegedly [...]
LEIPZIG, Germany, May 23 (Korea Bizwire) — Intensifying trade uncertainties, including tariff wars, have a great impact on the global transport industry, which has no choice but to “adapt” to the changed situation, the chief of the inter-organizational transport body said Friday. “(The global trade war) has an impact on what kind of goods we [...]
WASHINGTON, May 23 (Korea Bizwire) — A Pentagon spokesperson on Friday dismissed reports on the United States’ consideration of a U.S. Forces Korea (USFK) troop drawdown as “not true,” reaffirming that America remains “fully” committed to the defense of South Korea. Chief Pentagon spokesperson Sean Parnell issued a statement after The Wall Street Journal reported [...]
SEOUL, May 23 (Korea Bizwire) — South Korea’s defense ministry said Friday it has not held any discussions with the Pentagon over the possibility of scaling back U.S. Forces Korea (USFK) troops stationed in South Korea, stressing it is a matter that requires bilateral consultation. The remark came in response to a report by The [...]
SEOUL, May 22, 2025 (Korea Bizwire) — A new report warns that South Korea’s manufacturing sector remains disproportionately dependent on foreign demand—particularly from the United States and China—raising concerns about economic vulnerability amid ongoing global trade tensions. According to data released Wednesday by the Korea Employers Federation (KEF), 58.4% of South Korea’s manufacturing GDP in [...]
LEIPZIG, Germany, May 21 (Korea Bizwire) — Top transport officials from member nations of the Organization for Economic Cooperation and Development (OECD), including South Korea, gathered in Germany on Wednesday to discuss measures to improve the resilience of the transport sector amid challenges involving global trade tensions and climate change. The three-day 2025 International Transport [...]