SEOUL, April 30 (Korea Bizwire) — Finance Minister Choi Sang-mok said Wednesday that South Korea is not hurrying to conclude trade negotiations with the United States ahead of its upcoming presidential election, noting that recent remarks by U.S. Treasury Secretary Scott Bessent were not specifically directed at Seoul. His comments came after Bessent on Tuesday [...]
WASHINGTON, April 29 (Korea Bizwire) — U.S. Treasury Secretary Scott Bessent said Tuesday that he can see the contours of a trade deal with South Korea “coming together,” as Seoul is seeking to secure exemptions and exceptions from the Trump administration’s “reciprocal” and sectoral tariffs. During a press conference, Bessent also claimed that South Korea [...]
SEOUL, April 29 (Korea Bizwire) — National Assembly Speaker Woo Won-shik has held talks with Mongolian President Ukhnaagiin Khurelsukh and other top officials to discuss ways to boost bilateral ties in critical minerals and supply chains, Woo’s office said Tuesday. During his meeting with Khurelsukh on Monday, Woo also discussed partnerships in areas of transportation, [...]
SEOUL, April 29 (Korea Bizwire) – North Korea’s acknowledgment of its troop dispatch to Russia to support its war in Ukraine will not affect South Korea’s efforts to accept North Korean soldiers captured by Ukraine if they wish to defect to the South, a foreign ministry official said Tuesday. Two North Korean soldiers have been [...]
After centuries lost to history, a revered Korean statue returned home — only to leave again. In its passage, it carries the weight of memory, loss, and the fragile hope for reconciliation. SEOSAN, South Korea, April 29 (Korea Bizwire) – In the quiet foothills of Seosan, beneath the soft breath of spring winds, a golden [...]
BUSAN, April 28 (Korea Bizwire) — A replica of a historic Joseon-era diplomatic ship set sail for Osaka on Monday, marking the first such voyage in 261 years as South Korea and Japan commemorate the 60th anniversary of normalized diplomatic relations. The Busan Cultural Foundation announced that the vessel departed from Yongho Starlight Park in Busan’s Nam-gu [...]
DAEJEON, April 28 (Korea Bizwire) — South Korea’s Korea Advanced Institute of Science and Technology (KAIST) announced Monday that it has completed the first phase of establishing the Kenya Advanced Institute of Science and Technology (Kenya-AIST) in Kenya’s Konza Technopolis, marking the culmination of a decade-long overseas development initiative. The project, aimed at creating a premier [...]
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 [...]