SEOUL, Feb. 26 (Korea Bizwire) — South Korea and Australia hosted a joint forum on green businesses Wednesday in Seoul as part of efforts to bolster bilateral cooperation in clean energy and supply chains, Seoul’s industry ministry said. The green economy partnership arrangement (EPA) business forum took place as a follow-up measure to the EPA [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s Deputy Trade Minister Park Jong-won has filed a request with the U.S. government to leave South Korea out of its new import tariff plans, highlighting the Korea-U.S. free trade agreement (FTA) that has been in place for over a decade, the trade ministry said Friday. Park made [...]
SEOUL, Feb. 20 (Korea Bizwire) — The official website for the 2025 Asia-Pacific Economic Cooperation (APEC) summit has been launched, the foreign ministry said Thursday. The website (www.apec2025.kr) introduces key agenda items and priorities to be discussed at the upcoming leaders’ gathering, set to take place in South Korea’s southeastern region of Gyeongju, in November. It also [...]
SEOUL, Feb. 20 (Korea Bizwire) — As U.S. users migrate en masse to the Chinese social media platform Rednote, formerly known as Xiaohongshu, allegations that South Korea is “stealing Chinese culture” have proliferated, raising concerns over misinformation and rising tensions between online communities. Seo Kyoung-Duk, a professor at Sungshin Women’s University, revealed on February 19 [...]
SEOUL, Feb. 19 (Korea Bizwire) — One of the two North Korean soldiers captured by Ukraine has expressed his wish to go to South Korea, a news report said Wednesday, in what would be the first known case for a North Korean captive to voice an intent to defect to the South. A North Korean [...]
WASHINGTON, Feb. 17 (Korea Bizwire) — A senior South Korean trade official said Monday he will seek to have “mutual beneficial” discussions during his planned talks with U.S. officials in Washington, amid concerns over the potential impact of President Donald Trump’s tariff policy on the Asian country. Deputy Minister for Trade Park Jong-won made the [...]
SEOUL, Feb. 18 (Korea Bizwire) — South Korea’s Hanwha Group has held discussions with Edge Group, a defense conglomerate based in the United Arab Emirates (UAE), to explore strategic cooperation in defense, aerospace and maritime industries, according to the group’s defense arm Tuesday. Kim Dong-kwan, vice chairman of Hanwha Group, met with Faisal Al Bannai, [...]
SEOUL, Feb. 17 (Korea Bizwire) — If the Trump administration moves forward with tariffs on the automotive sector, South Korea and Japan are expected to be among the hardest-hit nations outside North America, according to industry analysts. A report from CNBC on February 13, citing consulting firm GlobalData, highlighted that South Korea and Japan accounted [...]
SEOUL, Feb. 17 (Korea Bizwire) — Major South Korean business lobby groups are preparing to send delegations to the United States in the near future for discussions on bilateral economic cooperation under the second Donald Trump administration, according to industry observers Monday. A business delegation led by Chey Tae-won, chairman of SK Group and the [...]
SEOUL, Feb. 14 (Korea Bizwire) — As discussions of potential peace negotiations between the United States, Russia, and Ukraine gain momentum, South Korean companies are positioning themselves to participate in what could become one of the largest reconstruction efforts in modern history. Estimates have pegged the cost of rebuilding Ukraine’s war-torn infrastructure at approximately $900 billion, [...]