SEOUL, May 14 (Korea Bizwire) — An envisioned U.S. national defense strategy may lead South Korea and the United States to explore “greater flexibility” of the 28,500-strong U.S. Forces Korea (USFK) to help keep an assertive China in check, a former senior Pentagon official said Tuesday. Randall Schriver, former assistant secretary of defense for Indo-Pacific [...]
WASHINGTON, May 13 (Korea Bizwire) — North Korea is projected to have 50 ground-based intercontinental ballistic missiles (ICBMs), capable of carrying a nuclear warhead, by 2035, an intelligence agency of the U.S. Defense Department said in a report Tuesday. The Defense Intelligence Agency (DIA) released the report on the current and future threats to the [...]
SEOUL, May 14 (Korea Bizwire) — South Korea’s pharmaceutical and biotech companies view the Trump administration’s push to lower U.S. prescription drug prices as a potential tailwind for domestic drugmakers, particularly those in the biosimilar space. Former President Donald Trump, who is expected to run again in the 2026 election, issued an executive order last week [...]
SEOUL, May 13 (Korea Bizwire) — South Korean Minister of Science and ICT Yoo Sang-im will visit the United States later this week to discuss ways to expand cooperation with Nvidia Corp. in securing advanced graphic processing units (GPUs), the ministry said Tuesday. The announcement came during a meeting of the government-led special committee on [...]
SEOUL, May 13 (Korea Bizwire) — South Korea launched its official “Korea Day” celebrations at the 2025 Osaka-Kansai World Expo on Tuesday with a ceremony to celebrate the arrival of a replica ship reenacting the historic Joseon Tongsinsa diplomatic mission. The Joseon Tongsinsa were official diplomatic envoys sent by the Joseon Dynasty (1392-1910) to Japan [...]
SEOUL, May 13 (Korea Bizwire) – The South Korean Marine Corps will hold its first-ever joint drill with the Japanese army in the Philippines next month, foreign media reports said Tuesday. The joint exercise will take place during KAMANDAG, an international military exercise in the Philippines, slated for June, according to Kyodo News Agency and [...]
SEOUL, May 12 (Korea Bizwire) — South Korean stocks ended more than 1 percent higher Monday as the United States and China wrapped up their first high-level tariff negotiations, boosting hopes the two countries may reach a trade deal. The local currency was weak against the U.S. dollar. The benchmark Korea Composite Stock Price Index [...]
SEOUL, May 9 (Korea Bizwire) — South Korean families of those abducted by North Korea have sent large balloons filled with leaflets to the North, urging the regime to repatriate their loved ones, a group representing such families said Friday. Three giant latex balloons were flown northward from a South Korean border area in Gangwon [...]
SEOUL, May 9 (Korea Bizwire) — North Korean leader Kim Jong-un visited the Russian Embassy in Pyongyang on Friday to mark the 80th anniversary of Russia’s World War II victory over Nazi Germany, pledging steady development of relations with Moscow. Accompanied by his daughter and top party and state officials, Kim visited the Russian Embassy [...]
SEOUL, May 9 (Korea Bizwire) — Russian President Vladimir Putin on Friday met with a North Korean military delegation during a military parade marking the 80th anniversary of the Soviet Union’s victory in World War II held in Moscow. Following his speech and the conclusion of the military parade in Moscow’s Red Square, Putin greeted [...]