SEOUL, April 16 (Korea Bizwire) — Senior Air Force officials from South Korea and the United Arab Emirates (UAE) on Wednesday signed a letter of intent for comprehensive cooperation on the South’s homegrown fighter jets, the South Korean Air Force said. Air Force Chief of Staff Gen. Lee Young-su and Maj. Gen. Rashed Mohammed A. [...]
SEOUL, April 15 (Korea Bizwire) — North Korea was behind a massive distribution of phishing emails to South Koreans between late last year and early this year, the Korean National Police Agency (KNPA) said Tuesday. The agency said a North Korean hacking group sent 126,266 fake emails to 17,744 people in South Korea from last [...]
SEOUL, April 15 (Korea Bizwire) — South Korea and the United States on Tuesday staged joint air drills, involving at least one U.S. B-1B bomber, over the Korean Peninsula, the defense ministry said, in a show of force against North Korean military threats. The drills, which also mobilized South Korean F-35A and F-16 fighter jets [...]
SEOUL, April 14 (Korea Bizwire) — South Korea’s Public Procurement Service (PPS) and Uzbekistan’s Ministry of Economy and Finance held a bilateral meeting on cooperation in public procurement and signed a memorandum of understanding (MOU) in the Central Asian country last week, the PPS said Monday. The meeting between PPS Administrator Lim Ki-keun and Uzbekistan’s [...]
SEOUL, April 14 (Korea Bizwire) — Acting President Han Duck-soo said Monday that U.S. President Donald Trump “apparently” instructed his administration to conduct immediate tariff negotiations with South Korea, Japan and India. Han made the remark during a meeting with government officials and large business executives, referring to Trump’s actions after they held a phone [...]
SEOUL, April 13 (Korea Bizwire) — POSCO, South Korea’s largest steelmaker, is reportedly exploring a potential equity investment in Hyundai Steel’s upcoming electric arc furnace plant in Louisiana, a move that could mark a rare alliance between the nation’s top two steel producers as they look to navigate intensifying U.S. trade barriers. If realized, the collaboration [...]
SEOUL, April 11 (Korea Bizwire) — South Korean authorities have extradited the leader of a massive international drug trafficking ring responsible for smuggling hundreds of billions of won worth of narcotics into the country, officials announced Friday. The suspect, identified only as A, a 41-year-old South Korean national, was apprehended in Thailand last November following [...]
INCHEON, April 11 (Korea Bizwire) — The United States has expressed a willingness to handle the tariff negotiations with South Korea and Japan as smoothly as possible, Seoul’s Trade Minister Cheong In-kyo said Friday, describing the U.S.’ openness as a key outcome of his visit to Washington. “We held various discussions aimed at ensuring smooth [...]
SEOUL, April 11 (Korea Bizwire) – A South Korean special envoy has visited Bolivia and discussed ways to enhance cooperation with senior officials, marking the 60th anniversary of the establishment of their diplomatic ties this month, the foreign ministry said Friday. Jang Myung-soo, former ambassador to Argentina and Colombia, traveled to the Bolivian administrative city [...]
SEOUL, April 10 (Korea Bizwire) — South Korea should take a prudent and guarded approach in its negotiations with the Trump administration over his proposed “package deal” on tariffs and security issues, as it would be better not to hastily respond to such talks under Seoul’s current acting leadership, experts said Thursday. Experts said South [...]