SEOUL, April 9 (Korea Bizwire) — Around six months after deploying its troops to support Russia’s war against Ukraine, North Korea appears to have lost thousands of young men but received rare military technology and economic aid as a reward to potentially offset international sanctions. In October, North Korea dispatched more than 10,000 troops to [...]
SEOUL, April 8 (Korea Bizwire) — Acting President Han Duck-soo spoke by phone with U.S. President Donald Trump on Tuesday, his office said, marking their first talks since South Korea was thrust into political turmoil triggered by former President Yoon Suk Yeol’s martial law debacle. The 28-minute phone talks came four days after South Korea’s [...]
SEOUL, April 8 (Korea Bizwire) — South Korea’s military said Tuesday it fired warning shots at a group of North Korean soldiers who briefly crossed the military demarcation line (MDL) inside the Demilitarized Zone (DMZ) dividing the two Koreas. About 10 armed North Korean soldiers returned to the North after the South Korean military aired [...]
SEOUL, April 8 (Korea Bizwire) — The foreign ministry on Tuesday expressed “strong protest” against Japan’s territorial claim to South Korea’s easternmost islets of Dokdo in its latest foreign policy paper, calling for an immediate withdrawal. Releasing this year’s Diplomatic Bluebook earlier in the day, the Japanese government once again renewed its claim to the [...]
SEOUL, April 8 (Korea Bizwire) — The South Korean government is on alert following China’s decision to tighten its grip on rare earth exports and impose retaliatory tariffs in response to new U.S. trade measures, raising fresh concerns over global supply chain vulnerabilities. Beijing announced last week that it will impose a 34% retaliatory tariff [...]
BEIJING, April 7 (Korea Bizwire) — Chinese officials tasked with managing a memorial facility for troops who fought in the 1950-53 Korean War returned to North Korea for the first time in five years, the Chinese Embassy in Pyongyang said Monday. According to the embassy’s website, 14 Chinese officials arrived in North Korea last Monday [...]
SEOUL, April 7 (Korea Bizwire) — The foreign ministry said Monday that a South Korean sea salt farm recently placed under U.S. import restrictions is no longer involved in forced labor, after the U.S. customs agency’s ban on its products over alleged labor abuses. The U.S. Customs and Border Protection (CBP) said Thursday (U.S. time) [...]
WASHINGTON, April 4 (Korea Bizwire) – U.S. experts on Friday anticipated a tough road ahead for the Seoul-Washington alliance in the coming months, noting the bilateral relationship would remain in limbo until South Korea elects a successor to now-dismissed President Yoon Suk Yeol. Some pointed to Yoon’s ouster in accordance with constitutional procedures as another [...]
SEOUL, April 4 (Korea Bizwire) — The European Union (EU) expressed respect Friday for South Korea’s Constitution and legal proceedings after the Constitutional Court ruled to remove President Yoon Suk Yeol from office, while reaffirming the strategic partnership with Seoul. “The EU respects the Constitution and legal proceedings in the Republic of Korea,” an EU [...]
SEOUL, April 4 (Korea Bizwire) — The government will hold a series of emergency meetings with representatives from major South Korean industries expected to suffer damage from the United States’ hefty tariffs, the industry ministry said Friday. The Ministry of Trade, Industry and Energy held a meeting with officials from the home appliances, display and [...]