SEOUL, Jun. 18 (Korea Bizwire) — Rhee Keun, a South Korean volunteer fighter for Ukraine, was sentenced on Tuesday to a suspended jail term on charges of illegally entering Ukraine, defying a state travel ban to the war-stricken country. The Navy SEAL-turned-YouTuber entered Ukraine to join the Russia-Ukraine war as a volunteer fighter in March [...]
SEOUL, Jun. 18 (Korea Bizwire) — More than 300 illegal immigrants have been caught for drug-related charges so far this year, police data showed Tuesday, amid a sharp rise in the number of undocumented foreign drug offenders. A total of 549 foreigners were apprehended for drug charges from January-May and 317 of them, or 57.8 [...]
SEOUL, Jun. 18 (Korea Bizwire) – South Korea’s global competitiveness ranking rose by eight notches to reach the highest level for the country ever in 2024 on improved corporate efficiency and infrastructure, a report showed Tuesday. The country ranked 20th in terms of global competitiveness among 67 countries surveyed in 2024 compared with 28th the [...]
SEOUL, Jun. 18 (Korea Bizwire) – As North Korea and Russia deepen ties across various areas, the two countries are now pursuing a joint project to safeguard the critically endangered Korean tiger, known as the Amur tiger, according to Russian officials. In comments reported by the state RIA Novosti news agency on June 17, Alexander Kozlov, [...]
SEJONG, Jun. 14 (Korea Bizwire) – The Korea Overseas Infrastructure and Urban Development Corporation (KIND) announced on June 13 that it has signed a Memorandum of Understanding (MOU) with the Polish Export Credit Agency (KUKE) to cooperate on Ukraine’s reconstruction efforts. The agreement, signed in Berlin, Germany, on June 11, will enable South Korean companies with [...]
ASTANA, Jun. 13 (Korea Bizwire) — President Yoon Suk Yeol was to head to Uzbekistan, the final leg of his Central Asia trip, after wrapping up a three-day state visit to Kazakhstan on Thursday. Before departure, Yoon will meet with Kazakh Prime Minister Alikhan Smailov to review the agenda items discussed during his summit with [...]
SEOUL, Jun. 13 (Korea Bizwire) — Finance Minister Choi Sang-mok on Thursday called for beefing up an “external safety net” to better respond to uncertainties regarding interest rates in the United States and other nations. Choi made the remarks during an emergency macroeconomic meeting meant to assess the Federal Reserve’s rate-setting meeting Wednesday (U.S. time), [...]
SEOUL, June 12 (Korea Bizwire) – A Russian man, who entered South Korea two years ago after refusing to be drafted to fight against Ukraine, has been granted refugee status by a local court for the first time, judicial officials said Wednesday. The Seoul Administrative Court made the ruling on May 22 in the lawsuit [...]
SEOUL, Jun. 12 (Korea Bizwire) — South Korea’s trade ministry said Wednesday that it has discussed the progress of the bilateral free trade agreement (FTA) with the European Union and asked the economic bloc to address growing regulatory uncertainties for exporters. The meeting of the Committee on Trade in Goods held in Brussels comes in [...]
SEOUL, Jun. 12 (Korea Bizwire) — The foreign ministry on Wednesday dismissed Japan’s renewed protest over Seoul’s routine maritime survey near the East Sea islets of Dokdo, emphasizing a firm stance against “unjust claims.” On Tuesday, Japan’s foreign ministry lodged a complaint through diplomatic channels, demanding an immediate halt to the maritime survey conducted by [...]