WASHINGTON, March 17 (Korea Bizwire) — A U.S. Department of Energy (DOE) laboratory contractor employee was terminated after attempting to board a flight to South Korea with export controlled information on nuclear reactor design software, a report showed Monday. Idaho National Laboratory (INL) terminated the person during the reporting period from Oct. 1, 2023 through [...]
SEJONG, March 18 (Korea Bizwire) — South Korean Industry Minister Ahn Duk-geun is set to meet with the governor of Alaska next week in Seoul and discuss Seoul’s possible participation in the gas pipeline project in the U.S. state, diplomatic sources said Tuesday. Ahn plans to hold a face-to-face meeting with Alaska Gov. Mike Dunleavy, [...]
SEOUL, March 17 (Korea Bizwire) — Acting President Choi Sang-mok on Monday instructed the government to engage with the United States to prevent any adverse impact on energy cooperation following Washington’s designation of South Korea as a ”sensitive” country. The U.S. Department of Energy (DOE) under the previous Joe Biden administration made the designation in January [...]
SEOUL, March 14 (Korea Bizwire) — Hyundai Steel Co. said Friday it has shifted to an emergency management mode in response to growing challenges, including the recent imposition of steel tariffs by the United States and an ongoing strife with unionized workers. The company announced that all executives have taken a 20 percent pay cut effective Thursday, [...]
SEOUL, March 14 (Korea Bizwire) — In Mongolia, where liver cancer rates are the highest in the world, a 15-year partnership with a South Korean hospital has enabled 300 patients to receive life-saving liver transplants without leaving their country. Asan Medical Center in Seoul announced on March 13 that its program to establish living-donor liver transplantation [...]
SEOUL, March 13 (Korea Bizwire) — The U.S. beef industry has called on the Trump administration to push South Korea to ease its restrictions on American beef imports, drawing close attention from the South Korean livestock and distribution sectors. On March 12, the National Cattlemen’s Beef Association (NCBA) formally requested that the U.S. Trade Representative [...]
WASHINGTON, March 12 (Korea Bizwire) — The Trump administration’s imposition of tariffs on steel and aluminum imports widened its trade war across the globe on Wednesday, affecting South Korea and other U.S. trading partners and sending policymakers striving harder to minimize the duties’ ramifications on their industries. Sweeping 25 percent tariffs on steel and aluminum [...]
SEOUL, March 13 (Korea Bizwire) — A North Korean cargo ship suspected of smuggling out North Korean coal collided with a Chinese ship and sank in the Yellow Sea last month, according to a source familiar with the matter Thursday. The accident is believed to have left around 15-20 North Korean crew members dead. But [...]
SEOUL, March 13 (Korea Bizwire) — The trial of a Japanese right-wing politician accused of defacing a statue honoring World War II comfort women continues to face delays after 13 years, with the defendant failing to appear in court for the 27th time. Suzuki Nobuyuki, 60, was absent from his first scheduled trial at the Seoul [...]
WASHINGTON, March 11 (Korea Bizwire) — The U.S. nationwide cattlemen’s group asked the Trump administration Tuesday to help lift South Korea’s import ban on American beef from cattle aged 30 months or older, noting that similar curbs have been lifted in China, Japan and Taiwan. The National Cattlemen’s Beef Association (NCBA) sent its comments to [...]