SEOUL, Jan. 27 (Korea Bizwire) — Fifty years after beginning its international development cooperation efforts, the Catholic Church in South Korea has transformed from an aid recipient to a leading donor in Asia, highlighting the nation’s remarkable economic transformation. According to Caritas Korea International, the Church’s international aid efforts began in 1975 with the establishment of [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korea and Cuba are at a “beginning point” where the two countries have much to learn about each other’s “realities,” the top Cuban envoy to Seoul has said, following the establishment of their diplomatic relations almost a year ago. Cuban Ambassador to South Korea Claudio Monzon Baeza made [...]
SEOUL, Jan. 24 (Korea Bizwire) – North Korea is presumed to be accelerating preparations for the additional deployment of its troops to Russia while continuing to push for potential launches of a spy satellite or an intercontinental ballistic missile (ICBM), South Korea’s military said Friday. The assessment comes as South Korea and the United States [...]
GWANGJU, South Korea, Jan. 23 (Korea Bizwire) — The South Korean city of Gwangju has reciprocated a symbolic gift from the U.S. state of Virginia with a gesture that underscores shared democratic ideals. On January 16, Gwangju Mayor Kang Gi-jung sent the city’s flag to Virginia Governor Glenn Youngkin via professors from Chonnam National University’s Food [...]
SEOUL, Jan. 23 (Korea Bizwire) — About 1,000 North Korean soldiers are believed to have been killed while fighting Ukrainian forces in Russia’s western front-line region of Kursk, a news report said Thursday. Out of the estimated 11,000 North Korean troops deployed in support of Russia’s war against Ukraine, 4,000 have been killed, wounded, missing [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea’s business community on Thursday launched a promotion committee to support the government’s preparations for the Asia-Pacific Economic Cooperation (APEC) CEO Summit set to be held in the country this year. The Korea Chamber of Commerce & Industry (KCCI) said the committee, led by KCCI Chairman Chey Tae-won, [...]
SEOUL, Jan. 22 (Korea Bizwire) — A surge in Chinese exports is stoking tensions across the global industrial landscape, as countries worldwide grapple with an influx of low-priced Chinese goods that many say is disrupting their domestic markets. China’s customs authority reported that exports reached a record 25.5 trillion yuan in 2024, jumping more than 7% [...]
WASHINGTON, Jan. 20 (Korea Bizwire) – U.S. President Donald Trump on Monday described North Korea as a “nuclear power” and anticipated that North Korean leader Kim Jong-un will be “happy” to see his return to the White House. During a press availability at the Oval Office, Trump made his first public mention of the recalcitrant [...]
SEOUL, Jan. 21 (Korea Bizwire) — One of the two North Korean soldiers captured by Ukraine this month has claimed that he arrived in Russia without knowing whom he would be fighting, according to another video of his interrogation released by Ukrainian President Volodymyr Zelenskyy. Earlier this month, Zelenskyy disclosed that his forces had captured [...]
SEJONG, Jan. 20 (Korea Bizwire) — With Donald Trump’s inauguration as U.S. president on January 20, 2025, South Korea’s competition policy faces heightened uncertainty due to his administration’s protectionist agenda and potential pushback against regulatory moves targeting Big Tech firms. U.S. Resistance to South Korean Platform Regulation South Korea’s proposed legislative reforms aimed at curbing [...]