NEW YORK, Sept. 24 (Korea Bizwire) – President Lee Jae-myung told U.S. Treasury Secretary Scott Bessent that he expects ongoing trade negotiations with Washington to advance in a way that reflects the interests of both countries and rests on “commercial rationality.” The two met in New York on the sidelines of the U.N. General Assembly, [...]
SEOUL, Sept. 22 (Korea Bizwire) — When North Korean leader Kim Jong-un told his parliament last weekend that he still holds a “good memory” of U.S. President Donald Trump, it was more than a nostalgic aside. It was the first public hint in years that Pyongyang could contemplate returning to the table with Washington—provided, Kim [...]
SEOUL, Sept. 17 (Korea Bizwire) —South Korea’s foreign minister on Friday sought to draw a fine line between the country’s massive investment commitments in the United States and the fallout from a U.S. immigration raid that detained hundreds of Korean workers, saying the visa dispute is not a formal condition for the projects but will [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korea and the United States have begun working-level discussions aimed at overhauling the visa system for Korean workers, following the mass detention of more than 300 South Koreans at a Georgia construction site earlier this year — an episode that rattled both industry and diplomacy. The Ministry of [...]
SEOUL, Sept. 16 (Korea Bizwire) — When Immigration and Customs Enforcement agents stormed a battery plant construction site in Bryan County, Georgia, earlier this month, hundreds of South Korean workers found themselves in shackles, held in freezing rooms with moldy mattresses and little explanation of what crime they had committed. The episode, now reverberating across [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s presidential office said Tuesday it will not be rushed into signing a trade agreement with Washington, cautioning that a deal struck hastily could undermine the interests of Korean companies at a delicate moment in negotiations. Talks have been ongoing since late July, when the two governments reached [...]
SEOUL, Sept. 15 (Korea Bizwire) — When more than 300 South Korean workers were swept up in a U.S. immigration raid at a Georgia battery plant earlier this month, the images and testimonies that followed shocked many in Seoul: men shackled at the waist, ankles and wrists, confined in overcrowded cells, sleeping on mold-covered mattresses in [...]
GYEONGJU, South Korea, Sept. 15 (Korea Bizwire) — In just six weeks, the historic city of Gyeongju will be transformed into a fortress. When world leaders converge here for the Asia-Pacific Economic Cooperation (APEC) summit at the end of October, the streets around the conference halls and banquet sites will be sealed tight, the skies [...]
SUWON, Sept. 15 (Korea Bizwire) — More than six decades after they were arrested and branded as traitors, two former university students have won damages from the South Korean government for their wrongful detention during mass protests against the 1964 South Korea–Japan normalization talks. The Suwon District Court ruled Sunday that the state must compensate [...]
SEOUL, Sept. 15 (Korea Bizwire) — Hyundai Motor Group is grappling with twin challenges in the U.S. market: the imminent end of federal tax credits for electric vehicles and a delay in the completion of its joint battery plant with LG Energy Solution. The Biden administration’s Inflation Reduction Act incentives, which offered up to $7,500 in [...]