SEOUL, May 15 (Korea Bizwire) — Choi Jung-wha, professor emeritus at the Hankuk University of Foreign Studies (HUFS) and president of the Corea Image Communication Institute (CICI), became the first Korean woman to be awarded the Officier grade of the Legion of Honor, France’s highest order of merit. According to the institute, Choi received the [...]
SEOUL, May 15 (Korea Bizwire) — South Korea expressed hope Thursday that U.S. President Donald Trump’s announcement on a plan to lift sanctions on Syria will serve as a turning point in efforts toward promoting stability and economic growth in the Arab nation. The foreign ministry made the statement after Trump said he would lift [...]
SEOUL, May 15 (Korea Bizwire) — Celltrion Inc., a leading South Korean biopharmaceutical company, said Thursday its business will remain largely unaffected by U.S. President Donald Trump’s executive order aimed at lowering drug prices to match those in other countries. The order seeks to address a drug pricing system in which the United States pays [...]
JEJU, South Korea, May 15 (Korea Bizwire) — South Korean Trade Minister Cheong In-kyo met with U.S. Trade Representative (USTR) Jamieson Greer on Thursday to discuss tariff and other trade issues on the sidelines of a trade ministers’ meeting of the Asia-Pacific Economic Cooperation (APEC), Seoul’s industry ministry said. Cheong and Greer held a one-on-one [...]
WASHINGTON, May 15 (Korea Bizwire) — A majority of Americans believe that investments by South Korean companies in the United States are beneficial to the U.S. economy, according to a recent poll released by the Korea Economic Institute of America (KEI), a Washington-based think tank. The survey, conducted by polling firm YouGov between December 17, 2024, and [...]
SEOUL, May 14 (Korea Bizwire) — North Korean leader Kim Jong-un has supervised combined tactical drills of special operations forces, stressing that the most “crucial” task for the North’s armed forces is to make full preparations for war, state media reported Wednesday. The combined tactical drills of special operations and tank subunits’ joint fire strike [...]
INCHEON, South Korea, May 14 (Korea Bizwire) — U.S. Trade Representative (USTR) Jamieson Greer arrived in South Korea on Wednesday to attend a trade ministers’ meeting of the Asia-Pacific Economic Cooperation (APEC) member economies and meet with Seoul’s trade chief this week. Greer arrived at Incheon International Airport, west of Seoul, around 6:10 p.m., but [...]
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 [...]