SEOUL, March 27 (Korea Bizwire) — South Korea has called for all countries to submit their action plans for reducing gas emissions to tackle climate change, highlighting the need to speed up the implementation of the shared international goal under the Paris Agreement. Chung Kee-yong, ambassador for climate change, made the call at the 16th [...]
SEOUL, March 27 (Korea Bizwire) — U.S. President Donald Trump’s recent announcement to levy 25 percent tariffs on all imported vehicles next month is expected to deal a heavy blow to South Korean carmakers, which largely depend on shipments to the United States, analysts said Thursday. Trump signed a proclamation to impose the new tariffs [...]
SEOUL, March 27 (Korea Bizwire) — South Korea’s possible participation in the Alaska liquefied natural gas (LNG) project will likely be viewed “favorably” in tariff negotiations with the Donald Trump administration, Alaska’s governor has said. Alaska Gov. Mike Dunleavy made the remarks in a roundtable interview with Yonhap News Agency and other news outlets on [...]
SEOUL, March 27 (Korea Bizwire) — North Korea appears to have additionally dispatched at least 3,000 soldiers to Russia in January and February in support of Moscow’s war against Ukraine, South Korea’s military said Thursday. The assessment came amid concerns that North Korea and Russia’s deepening military alignment could lead to Moscow transferring advanced arms [...]
SEOUL, March 26 (Korea Bizwire) – In what appears to be a calculated diplomatic gesture, China is showing signs of relaxing its unofficial ban on South Korean cultural imports, amid growing pressure from the United States and a desire to improve relations with its East Asian neighbor. The shift becomes apparent as high-profile K-pop girl [...]
SEOUL, March 26 (Korea Bizwire) — The Korea International Trade Association (KITA) said Wednesday it has hosted a forum themed on the reconstruction of Ukraine with business representatives from the Eastern European nation to strengthen bilateral ties in Kyiv’s postwar rebuilding efforts. The event was held Tuesday in Seoul in conjunction with a visit by [...]
SEOUL, March 26 (Korea Bizwire) — The South Korean Ministry of Interior and Safety announced on March 25 that it has dispatched an address system delegation to Mongolia, responding to the Mongolian government’s formal request to implement the Korean-style address system (K-Address). Led by Deputy Minister Kim Min-jae, the four-member delegation met with Solongoo Bayarsaikhan, [...]
SEOUL, March 26 (Korea Bizwire) — South Korea’s largest conglomerates are rapidly expanding their investments in the United States, positioning themselves to navigate trade pressures and align with policy shifts under President Donald Trump’s second term. Leading this push is Hyundai Motor Group, which on March 24 (local time) announced a sweeping $21 billion investment plan [...]
SEOUL, March 25 (Korea Bizwire) — South Korea’s efforts to localize its industries in Egypt, such as defense manufacturing and infrastructure, will help further strengthen cooperation between the two countries, the top Egyptian envoy to Seoul has said. Egyptian Ambassador to South Korea Khaled Abdel Rahman made the remarks, emphasizing that his country’s initiatives in [...]
SEOUL, March 24 (Korea Bizwire) — Acting President Choi Sang-mok on Monday instructed the government to promptly engage in follow-up discussions regarding a recent decision by the U.S. Department of Energy to place South Korea on its “sensitive and other designated countries list.” Seoul and Washington have begun working-level talks to address the issue, following [...]