SEOUL, May 6 (Korea Bizwire) – A government delegation from Belarus will visit North Korea this week for talks on economic cooperation between the two nations, Pyongyang’s state-run media reported Tuesday. The delegation was scheduled to visit Pyongyang from Tuesday to Friday to hold a meeting of the intergovernmental joint committee for trade and economic [...]
PRAGUE, May 6 (Korea Bizwire) — A Czech court on Tuesday temporarily blocked the government in Prague from signing a multibillion-dollar agreement with South Korea for the construction of two nuclear reactors, according to multiple reports, making it highly unlikely that an official contract will be concluded this week. A South Korean consortium led by [...]
SEOUL, May 5 (Korea Bizwire) — A South Korean national was safely released Monday, three days after being kidnapped in the Philippines, Seoul’s foreign ministry said. The kidnapping happened early Friday as the individual was traveling by car with two Chinese and two Philippine nationals to Nasugbu, near Manila, for a fishing trip when a [...]
SEOUL, May 4 (Korea Bizwire) — As the second Trump administration signals renewed interest in U.S.-Korea collaboration in shipbuilding, South Korea is eyeing an opportunity to revitalize its maritime industry. However, analysts warn that meaningful gains will require overcoming major domestic obstacles, including limited U.S. infrastructure and an acute labor shortage at home. According to a [...]
SEOUL, May 2 (Korea Bizwire) – South Korea will continue to engage the United States in discussions over the latter’s new tariff schemes, Trade Minister Cheong In-kyo said Friday, stressing that any progress in those talks will provide a basis for the country’s incoming administration to build on. Cheong’s remarks come one day after former [...]
SEOUL, May 1 (Korea Bizwire) — Bank of Korea (BOK) Gov. Rhee Chang-yong plans to attend the annual meeting of the Asian Development Bank (ADB) and gatherings of ASEAN finance ministers and central bank governors in Milan next week to discuss global economic conditions and other major financial issues, his office said Thursday. Rhee is [...]
SEOUL, May 1 (Korea Bizwire) – A civic group has accused elementary school textbooks in South Korea of depicting Africa with prejudice and oversimplifying portrayals of the continent as just a recipient of aid. The Voluntary Agency Network of Korea (VANK) released its review of five sixth grade social studies textbooks on content concerning Africa [...]
SEOUL, May 1 (Korea Bizwire) — HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., South Korea’s leading shipbuilders, have pledged to strengthen cooperation with the United States in naval shipbuilding and maintenance during a visit by a top U.S. Navy official this week, according to the companies Thursday. U.S. Secretary of the Navy John [...]
South Korea Secures Major Nuclear Power Deal in Czech Republic, Marking Breakthrough in European Energy Market SEOUL, April 30 (Korea Bizwire) — For more than a decade, South Korea’s nuclear industry had its eyes set westward. On a Tuesday in April, that ambition finally crystallized into reality. After months of negotiations and fierce competition with industry [...]
SEOUL, April 30 (Korea Bizwire) – U.S. Secretary of the Navy John Phelan visited South Korea’s leading shipbuilders, HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., Wednesday, as Washington seeks to strengthen bilateral cooperation in the sector under President Donald Trump. Phelan, on a two-nation Asia trip also involving Japan, visited HD Hyundai Heavy’s [...]