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 [...]
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 [...]