MEXICO CITY, Feb. 4 (Korea Bizwire) — South Korean companies operating in Mexico have expressed cautious relief after the U.S. and Mexican governments agreed to postpone a planned 25% tariff on Mexican exports for one month. However, with the tariff still looming as a possibility, businesses remain on high alert, preparing for potential disruptions. Kia Mexico, a [...]
SEOUL, Feb. 3 (Korea Bizwire) — The South Korean auto industry is bracing for significant disruptions after U.S. President Donald Trump announced new universal tariffs on the country’s largest trading partners, including Canada, Mexico, and China. The move is expected to have immediate financial implications for South Korean automakers and suppliers, particularly those that have [...]
SEOUL, Feb. 2 (Korea Bizwire) — The Navy has launched a new fleet command that will operate multiple destroyers, including those equipped with Aegis combat systems, in efforts to better respond to North Korea’s military threats at sea, officials said Sunday. “The Republic of Korea Navy Task Fleet Command, a core unit of the maritime [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s heritage authorities announced Friday that a section of the visitor facilities at Cambodia’s Angkor Wat heritage site has reopened following renovations using Korean technology. South Korea has been working with Cambodia on the restoration and preservation of Angkor Wat since 2024, providing technical expertise and support to [...]
WASHINGTON, Jan. 29 (Korea Bizwire) — U.S. President Donald Trump will pursue the “complete denuclearization of North Korea,” a White House official said Tuesday, amid questions over whether Trump’s recent reference to the North as a “nuclear power” signaled any policy shift. National Security Council spokesperson Brian Hughes made the remarks shortly after the North’s [...]
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 [...]