SEOUL, April 21 (Korea Bizwire) — As the U.S.-China trade war escalates in 2025, South Korea’s retail and small manufacturing sectors are bracing for a potential flood of low-cost Chinese goods that could destabilize domestic markets. Industry concerns have mounted following a series of aggressive tariff measures by former U.S. President Donald Trump. On April 9, [...]
SEOUL, April 18 (Korea Bizwire) – A senior U.S. energy official on Friday underscored South Korea’s growing significance in the Donald Trump administration’s push to expand American energy exports and diversify global supply chains. Speaking via video remarks at an energy forum hosted by the American Chamber of Commerce in Korea (AMCHAM) held in Seoul, [...]
SEOUL, April 18 (Korea Bizwire) — South Korea’s top central banker will attend meetings of the Group of 20 (G20) finance ministers and central bank chiefs, as well as the International Monetary Fund–World Bank Group (IMF-WBG) meetings, to be held in the United States, his office said Friday. Bank of Korea (BOK) Gov. Rhee Chang-yong [...]
SEOUL, April 18 (Korea Bizwire) — South Korea on Friday strongly protested Japan’s reopening of a state museum asserting territorial claims to Korea’s easternmost islets of Dokdo, urging its “immediate closure.” The Tokyo-based National Museum of Territory and Sovereignty reopened earlier in the day after renovations, with upgraded exhibits offering a more “hands-on” experience, according [...]
SEOUL, April 18 (Korea Bizwire)- South Korea’s Asiana Airlines Inc. on Friday came under fire for mislabeling two Ukrainian cities as part of Russia on its in-flight infotainment system, drawing criticism from Ukrainian nationals and social media users. According to a passenger who shared a photo on Instagram, the cities of Dnipro (formerly Dnepropetrovsk) and [...]
SEOUL, April 18, (Korea Bizwire) — South Korea’s major battery manufacturers are delaying or scrapping joint ventures with Chinese companies as geopolitical risks, regulatory uncertainty, and market stagnation force a strategic rethink in the electric vehicle (EV) supply chain. According to industry sources on April 17, LG Energy Solution has postponed construction of two planned [...]
SEOUL, April 17 (Korea Bizwire) — The U.N. civilian aviation agency has dismissed North Korea’s request to investigate its claim of South Korean drones infiltrating Pyongyang’s airspace last year, a Seoul official said Thursday. Earlier this year, North Korea submitted the request to the International Civil Aviation Organization (ICAO) for a probe into the alleged [...]
SEOUL, April 17 (Korea Bizwire) — South Korea and the United States kicked off a joint large-scale air exercise Thursday, the South’s Air Force said, in efforts to bolster their interoperability and combined readiness posture against North Korean threats. Some 1,100 troops and 90 aircraft from both sides were mobilized for the semiannual Freedom Flag [...]
SEOUL, April 17 (Korea Bizwire) — Russia is planning to deploy North Korean soldiers on Ukrainian territory in the ongoing war between the two countries, dressing them in Russian uniforms, a Ukrainian security official has claimed. Andriy Kovalenko, head of the Ukrainian National Security and Defense Council’s Center for Countering Disinformation, posted the claim on [...]
SEOUL, April 16 (Korea Bizwire) – Acting President Han Duck-soo said Wednesday that strengthening shipbuilding cooperation with the United States could provide an opportunity for the South Korean shipbuilding industry to “make a leap forward.” Han made the remark during his visit to HD Hyundai Heavy Industries (HHI) Co.’s shipyard in Ulsan, 305 kilometers southeast [...]