SEOUL, Nov. 25 (Korea Bizwire) — North Korea and Russia have signed a protocol on enhancing sports exchanges for next year, the North’s state media said Monday, as the two nations have been bolstering cooperation in various fields. Kim Il-guk, North Korea’s minister of physical culture and sports, signed the protocol with Russian Sports Minister [...]
SEOUL, Nov. 25 (Korea Bizwire) — The business presence of South Korean companies in China has withered palpably in recent years amid toughened competition from local rivals and sluggish domestic demand in the neighboring country, according to industry watchers Monday. In September, LG Display Co. sold its liquid-crystal display (LCD) factory in China’s Guangzhou to [...]
TOKYO/SEOUL, Nov. 25 (Korea Bizwire) — The South Korean government held its own ceremony in Japan on Monday to honor Korean forced labor victims from an old Japanese mine complex, after boycotting a Japan-hosted event over Tokyo’s apparent insincerity in delivering on its pledge to remember the victims. Foreign ministry officials from Seoul and nine [...]
SEOUL, Nov. 25 (Korea Bizwire) — The government will seek to revitalize Korean language education in foreign elementary and middle schools, the Ministry of Education said Monday, amid growing overseas interest in Korean after author Han Kang’s recent Nobel Prize in literature award. To that end, it will establish a new specialized organization to devise [...]
TOKYO, Nov. 25 (Korea Bizwire) — The Japanese government on Monday expressed regret over South Korea boycotting a Japan-led event honoring wartime forced labor victims, including Koreans, from an old Japanese mine complex. The remark came as South Korea boycotted the memorial held on Sado Island, off Japan’s west coast, on Sunday and held its [...]
SEOUL, Nov. 24 (Korea Bizwire) – In a remarkable display of soft power, Russia and North Korea have deepened their military and diplomatic relationship through the exchange of exotic animals, signaling a new facet of their growing alliance. On November 20, Russia gifted North Korea a collection of animals, including a lion, two brown bears, two [...]
SEOUL, Nov. 24 (Korea Bizwire) – In a move to bolster the presence of South Korean companies in Vietnam, a consortium led by the Korea Land and Housing Corporation (LH) has completed construction of the first “Korean-style industrial complex” in the country. The Ministry of Land, Infrastructure, and Transport announced Sunday the completion of the Hưng [...]
SEOUL, Nov. 23 (Korea Bizwire) – South Korea’s abrupt decision to boycott a memorial ceremony at Japan’s Sado Mine has ignited controversy, with Seoul accusing Tokyo of reneging on promises to honor Korean forced laborers from Japan’s colonial era. The decision, announced on November 23, underscores tensions over Japan’s perceived backtracking on commitments to address historical [...]
SEOUL, Nov. 23 (Korea Bizwire) – South Korea said Saturday it will not attend a memorial ceremony in Japan honoring forced labor victims, including Koreans, from an old Japanese mine complex, amid controversy over Tokyo’s decision to send a senior official with hard-line views on history to the event. The decision, made just a [...]
SEOUL, Nov. 19 (Korea Bizwire) — One Russian and one Vietnamese suspect were recently extradited to the United States after being apprehended in South Korea earlier this year, the justice ministry said Tuesday. The Russian is under investigation by U.S. authorities on suspicions of using ransomware to encrypt data at multiple U.S. companies and then [...]