SEOUL, Sept. 10 (Korea Bizwire) — South Korea and Japan held high-level economic talks in Seoul on Wednesday to discuss cooperation in supply chains and advanced technologies, the presidential office said. Song Ki-ho, presidential secretary for economic security, and Takeshi Soda, Cabinet councilor of Japan’s National Security Secretariat, led their respective delegations at the fourth [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korea’s government announced on Tuesday a sweeping overhaul of its employment permit system for foreign workers, pledging to relax restrictions on workplace changes and extend residency periods for those holding E-9 visas. The reforms also aim to tighten sanctions on employers found guilty of labor rights violations. At [...]
FOLKSTON, Ga. Sept. 9 (Korea Bizwire) — The return of more than 300 South Korean workers detained in last week’s U.S. immigration raid at Hyundai Motor and LG Energy Solution’s joint battery plant is drawing relief in Seoul, but partner companies say their absence has left a gaping hole in the highly specialized construction project. [...]
SEOUL, Sept. 9 (Korea Bizwire) — Defense Minister Ahn Gyu-back and the top military officer at the North Atlantic Treaty Organization (NATO) discussed Tuesday ways to strengthen bilateral cooperation in the defense and arms manufacturing sectors. The meeting between Ahn and Adm. Giuseppe Cavo Dragone, chair of the NATO military committee, took place on the [...]
SEOUL, Sept. 9 (Korea Bizwire) — President Lee Jae Myung said Tuesday he feels heavy responsibility over the detention of South Korean workers at a battery plant construction site in Georgia by U.S. immigration authorities, offering his deep sympathy. Lee made the remarks at a Cabinet meeting as more than 300 South Koreans have been [...]
SEJONG, Sept. 9 (Korea Bizwire) — The Trump administration has stepped up efforts to enlist South Korea’s nuclear industry in its ambitious plan to launch 10 new large-scale reactors by 2030, underscoring Washington’s dependence on foreign builders to revive a domestic sector weakened by decades of dormancy. According to government and industry officials, U.S. Deputy [...]
SEOUL, Sept. 8 (Korea Bizwire) — The defense chiefs of South Korea and Japan on Monday agreed to strengthen security cooperation and explore the possibility of cooperation in high-tech sectors, such as artificial intelligence (AI) and drones, the defense ministry said. Defense Minister Ahn Gyu-back and his Japanese counterpart, Gen Nakatani, reached the consensus as [...]
SAVANNAH, Ga., Sept. 8 (Korea Bizwire) — The workday had barely begun when phones began buzzing in unison at Hyundai Motor Group and LG Energy Solution’s sprawling battery plant construction site in Georgia. A text message appeared: stop work immediately. Within minutes, federal agents from Immigration and Customs Enforcement and Homeland Security Investigations swept across the [...]
SEOUL, Sept. 8 (Korea Bizwire) — A decades-long tax dispute over royalties paid by South Korean companies to U.S. patent holders is heading into a critical new phase, as the nation’s Supreme Court considers whether to alter its long-standing stance that has largely exempted American firms from local taxation. At issue is whether royalties paid [...]
WASHINGTON SEOUL, Sept. 6 (Korea Bizwire) — President Donald Trump on Friday defended the large-scale immigration raid at a Hyundai Motor–LG Energy Solution battery plant site in Georgia, describing it as routine enforcement even as the operation threatened to strain ties with South Korea. Speaking a day after 475 construction workers were detained, Trump said, [...]