SEOUL, April 28 (Korea Bizwire) — LS Cable & System Ltd., South Korea’s biggest cable company, said Monday its unit has received a 22.7 billion-won (US$15.8 million) submarine power cable deal in Taiwan. LS Marine Solution Co. will install submarine power cables for Taiwan Power Company’s (TPC) offshore wind power plant by May 2026, the [...]
SEOUL, April 28 (Korea Bizwire) — Acting President Han Duck-soo has said South Korea’s trade and security issues with the United States can be solved in a “rather non-conflicting way,” according to British newspaper The Economist. In an interview with the outlet last week, Han spoke about the “one-stop shop” negotiations U.S. President Donald Trump [...]
SEOUL, April 28 (Korea Bizwire) — Russian President Vladimir Putin has thanked North Korean leader Kim Jong-un for the deployment of troops to support its war with Ukraine, pledging that their bilateral friendship, forged on battlefields, will continue to grow in all areas, the Kremlin said Monday. Putin conveyed his gratitude to Kim for the [...]
SEOUL, April 27 (Korea Bizwire) — The U.S. military is considering the permanent deployment of advanced F-35A radar-evading fighter jets to South Korea, a source said Sunday. The deployment, if realized, would mark a major addition to U.S. air assets in South Korea, which consist mostly of older-generation F-16 fighter jets. F-35s have previously only [...]
SEOUL, April 25 (Korea Bizwire) — South Korea will “prudently” decide whether to join the Alaska liquefied natural gas (LNG) project after conducting an on-site field inspection of the project, Seoul’s industry minister said Friday. Industry Minister Ahn Duk-geun said the government will approach the matter “prudently” as it is tied to the country’s energy [...]
SEOUL, April 25 (Korea Bizwire) — Egyptian Foreign Minister Badr Abdelatty has contributed the following article to Yonhap News Agency, commemorating the 30th anniversary of diplomatic relations between South Korea and Egypt. In the piece, Abdelatty highlighted the enduring bilateral ties forged over the past three decades, underscoring cooperation in regional stability, economic development and [...]
SEOUL, April 25, (Korea Bizwire) — South Korea’s largest corporations are ramping up their responses to the renewed threat of U.S. tariffs under the Trump administration by stockpiling inventory and expanding production within the United States, signaling a shift toward more aggressive contingency planning. During first-quarter earnings calls on April 24, companies across the automotive, [...]
SEOUL, April 24 (Korea Bizwire) – Yonhap News Agency, South Korea’s key newswire, hosted a global forum with the U.N. refugee agency Thursday to address the issue of forced displacement in Africa, where more than 100 million people have lost homes due to war, violence or persecution. The Global Forum on Solutions for Forced Displacement [...]
SEOUL, April 24 (Korea Bizwire) — North Korea on Thursday touted its mutual defense treaty with Russia as a “guarantee” safeguarding peace and security in Eurasia, marking the sixth anniversary of leader Kim Jong-un’s first summit with Russian President Vladimir Putin. The Rodong Simun, a mainstream newspaper published by North Korea’s Workers’ Party, carried the [...]
WASHINGTON, April 23 (Korea Bizwire) — China’s refusal to comply with international law hampers its economic interests and causes regional instability, a State Department spokesperson said Wednesday, following maritime tensions between Seoul and Beijing over China’s installation of steel structures in the Yellow Sea. China has constructed a set of steel structures in the Provisional [...]