WASHINGTON, March 5 (Korea Bizwire) – A top South Korean security official on Wednesday anticipated a “good” outcome from consultations between Seoul and Washington on tariff and other trade issues, highlighting the two countries’ desire for a “win-win” result. National Security Adviser Shin Won-sik made the remarks as he arrived in Washington for talks with [...]
SEOUL, March 5 (Korea Bizwire) — Around 1,500 North Korean soldiers who were believed to be additionally deployed to Russia have been already on front lines to aid Russia’s war against Ukraine, a South Korean lawmaker who recently visited Kyiv said Wednesday, citing Ukraine’s defense intelligence agency. Rep. Yu Yong-weon of the ruling People Power [...]
SEOUL, March 5 (Korea Bizwire) — The escalating tariff war initiated by U.S. President Donald Trump is disrupting the decades-old global free trade system, triggering a shift toward protectionism among major economies, including China. The retreat from free trade threatens export-driven economies like South Korea, which now faces mounting challenges amid intensifying U.S.-China economic rivalry. [...]
SEOUL, March 4 (Korea Bizwire) — U.S. President Donald Trump has abruptly suspended all military aid to Ukraine, escalating tensions with Kyiv and raising broader concerns among allies who depend on American security and economic support. According to Bloomberg News on March 3, Trump ordered an immediate halt to U.S. military assistance to Ukraine, including shipments [...]
MOSCOW, March 4 (Korea Bizwire) — Should economic sanctions against Russia be lifted, South Korea’s Hyundai and Kia are expected to be the first foreign automakers to resume operations in the country, according to Russian industry experts. In an interview with TASS News Agency on March 4, Maxim Kadakov, editor-in-chief of Russian automotive magazine Za Rulem, [...]
SEOUL, March 4 (Korea Bizwire) — A North Korean soldier caught alive by Ukraine has told a South Korean lawmaker that he wants to go to South Korea, asking whether he could “live as I wish with the rights” he hoped for once in Seoul, according to the lawmaker Tuesday. Rep. Yu Yong-weon made the [...]
BERLIN, March 1 (Korea Bizwire) – A girl statue symbolizing victims of Japan’s wartime sexual slavery will be installed at a church in Germany next week, two years after it was removed from the nearby University of Kassel, where it was first erected, a civic organization said Saturday. The statue will be installed at the [...]
SEOUL, Feb. 27 (Korea Bizwire) — North Korea appears to have deployed additional troops to support Russia’s war against Ukraine, although the number of recently deployed troops is being assessed, South Korea’s spy agency said Thursday. “Following about a monthlong lull, North Korean troops were placed back in the frontline region of Kursk starting in [...]
WASHINGTON, Feb. 26 (Korea Bizwire) — South Korea’s industry minister expressed confidence Wednesday that Seoul and Washington will be able to find a “constructive” and “win-win” alternative, as the Trump administration is working to impose “reciprocal” tariffs on U.S. imports to match what other countries slap on American goods. Industry Minister Ahn Duk-geun made the [...]
INCHEON, South Korea, Feb. 26 (Korea Bizwire) — South Korea will stress the importance of bilateral cooperation in various industries, such as energy and shipbuilding, in negotiations with the United States on its new tariff plans, Seoul’s industry minister said Wednesday. Industry Minister Ahn Duk-geun made the remarks as he departed for Washington to meet [...]