SEOUL, March 31 (Korea Bizwire) — The government of South Korea faces mounting pressure from the United States to commit to purchasing liquefied natural gas (LNG) from Alaska, a move that could carry significant economic and geopolitical consequences for Seoul. But despite a visit by Alaska Governor Mike Dunleavy last week and growing American expectations, South [...]
SEOUL, March 31 (Korea Bizwire) — A major veterans group on Monday staged a rally condemning China’s recent construction of large steel structures in a maritime zone jointly managed by South Korea and China in the Yellow Sea, calling for their immediate removal. The Korean Veterans Association’s rally took place near the Chinese Embassy in [...]
BEIJING, March 28 (Korea Bizwire) — Samsung Electronics Co. Chairman Lee Jae-yong and SK hynix Inc. Chief Executive Officer (CEO) Kwak Noh-jung met Chinese President Xi Jinping in Beijing on Friday with other global business leaders. The meeting was held at around 11 a.m. with CEOs from other global companies that participated in the China [...]
WASHINGTON, March 27 (Korea Bizwire) — The alliance between South Korea and the United States is in a “quiet crisis,” a prominent U.S. expert said Thursday, pointing to a series of recent developments, including the absence of leader-level contact and Seoul’s exclusion from the Pentagon chief’s ongoing Indo-Pacific trip. Victor Cha, Korea Chair at the [...]
SEOUL, March 28 (Korea Bizwire) — The Korea Customs Service (KCS) said Friday it has launched a special unit to “preemptively” protect domestic companies from potential fallout due to the latest tariff measures by the U.S. administration. The team aims to minimize anticipated disruptions stemming from U.S. President Donald Trump’s planned reciprocal tariffs, which are [...]
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 [...]