SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s standard agency said Wednesday it plans to enhance safety surveillance of products sold on overseas shopping platforms amid soaring direct purchases made by local consumers. Under the plan, the country will monitor the safety of 1,000 products sold on major overseas platforms this year, sharply up from [...]
SEOUL, Jan. 15 (Korea Bizwire) — Ukrainian President Volodymyr Zelenskyy has released another video showing a captured North Korean soldier undergoing interrogation, accusing Russia of using North Korean troops to “prolong and escalate” its war against Ukraine. “Communication between captured North Korean soldiers and Ukrainian investigators continues. We are establishing the facts. We are verifying [...]
SEOUL, Jan. 14 (Korea Bizwire) – North Korea ranked as the 34th strongest in military firepower globally, while South Korea came in fifth, a global firepower index showed Tuesday. The numbers were released in the 2025 Military Strength Ranking, compiled by Global Firepower (GFP), which assesses the “potential war-making capability” of 145 nations by conventional [...]
BUSAN, Jan. 14 (Korea Bizwire) — Busan Mayor Park Heong-joon has received an official invitation to the inauguration ceremony of U.S. President-elect Donald Trump, slated for Jan. 20, and he is carefully considering whether to fly to Washington, D.C., city officials said Tuesday. Park has become the first mayor of Busan to be invited to [...]
SEOUL, Jan. 13 (Korea Bizwire) — Ukraine has released a rare video of two captured North Korean soldiers under interrogation, in which one of them said he wants to remain in Ukraine when asked if he wishes to return home. The soldier with bandages on his hands made the remarks in the nearly three-minute footage [...]
WASHINGTON/SEOUL, Jan. 11 (Korea Bizwire) — The Korean American grassroots organization, Korean American Public Action Committee (KAPAC), has publicly condemned Rep. Young Kim (R-CA) for her defense of what it described as “pro-coup forces” aligned with South Korean President Yoon Suk-yeol. KAPAC criticized Kim for remarks made in a recent op-ed published by The Hill, [...]
SEOUL, Jan. 9 (Korea Bizwire) — For the second year in a row, South Korea will participate in the annual North Atlantic Treaty Organization (NATO) Military Chiefs’ meeting, reflecting its growing engagement in global security discussions. According to military sources, Lieutenant General Son Jeong-hwan, head of Strategic Planning at South Korea’s Joint Chiefs of Staff (JCS), [...]
SEOUL, Jan. 8 (Korea Bizwire) — In a recent op-ed for The Hill, U.S. Congresswoman Young Kim (R-CA) argued that the political forces behind South Korean President Yoon Suk-yeol’s impeachment pose a threat to the U.S.-South Korea alliance and trilateral cooperation with Japan. Kim’s comments mark the first instance of U.S. lawmakers openly criticizing the impeachment [...]
SEOUL, Jan. 8 (Korea Bizwire) — Global investment banks are increasingly sounding alarm bells over South Korea’s unprecedented low growth trajectory amid continuing political instability, with attention turning to a potential interest rate cut in January. JP Morgan has issued the most pessimistic outlook, projecting just 1.3% growth for the country in 2025, as domestic economic [...]
SEOUL, Jan. 8 (Korea Bizwire) – Hyundai Steel Co. is reviewing constructing an automotive steel mill in the United States to respond to the incoming Donald Trump administration’s protectionist policies, industry sources said Wednesday. The steel-making unit of South Korea’s auto giant Hyundai Motor Group has discussed the estimated 10 trillion won (US$6.9 billion) investment [...]