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 [...]
SEOUL, April 10 (Korea Bizwire) — Unification Minister Kim Yung-ho said Thursday the key to addressing North Korea’s provocations and nuclear ambitions lies in the unified goals and coordinated actions of the international community. Kim made the remarks during a press conference in Tokyo, where he reaffirmed Seoul’s commitment to achieving the complete denuclearization of [...]
SEOUL, April 9 (Korea Bizwire) — South Korea is on course to conclude negotiations for a project to build a nuclear power plant in the Czech Republic, Seoul’s industry minister said Wednesday, as the final agreement for the highly anticipated project is being delayed. “We have completed documentations for the project, and local procedures, such [...]
SEOUL, April 9 (Korea Bizwire) — The South Korean Olympic chief Ryu Seung-min made a push for his country’s bid for the 2036 Summer Games in his recent meeting with International Olympic Committee (IOC) leaders in Switzerland, officials here said Wednesday. The Korean Sport & Olympic Committee (KSOC) said Ryu met with IOC President Thomas [...]
SEOUL, April 9 (Korea Bizwire) — K-pop powerhouse JYP Entertainment has donated 300 million won (US$202,300) to World Vision to support emergency relief efforts and child medical treatment in Myanmar, which was hit by a powerful 7.7 magnitude earthquake last month. JYP said Wednesday the donation will be used to provide emergency food, daily necessities [...]