SEOUL, Mar. 7 (Korea Bizwire) — The Green Climate Fund (GCF), an international organization on fighting climate change, has approved US$490 million in funding for projects on low emissions and climate resilience in 23 developing nations, South Korea’s finance ministry said Thursday. During a three-day board meeting in Rwanda that began Monday, the board of [...]
WASHINGTON, Mar. 6 (Korea Bizwire) — U.S. officials’ recent focus on the idea of “interim steps” for a path towards North Korea’s ultimate denuclearization is raising a flurry of questions about their intentions and the direction of America’s policy on the recalcitrant regime. The idea has come into the spotlight in South Korea as some [...]
SEOUL, Mar. 5 (Yonhap) — An appeals court in the Balkan country of Montenegro has overruled an earlier decision to extradite Do Kwon, the co-founder of the cryptocurrency firm Terraform Labs, to the United States to face fraud charges, the court’s website showed Tuesday. Earlier, the High Court in Podgorica ruled that Kwon should be [...]
SEOUL, Mar. 1 (Korea Bizwire) –The International Labor Organization (ILO) has voiced its concern over the absence of concrete actions by the Japanese government to resolve the issues surrounding ‘comfort women’ and forced labor during the Japanese military’s occupation. This statement was highlighted during a joint memorial service held by the Korean Confederation of Trade [...]
GWANGJU, Feb. 29 (Korea Bizwire) – The number of survivors of forced labor during Japan’s colonial rule over Korea is dwindling rapidly. Recent reports reveal a stark decrease in the number of survivors, with the figure falling below 1,000 for the first time. According to the Civic Group for the Mobilization of Forced Labor under Japanese [...]
WASHINGTON, Feb. 28 (Korea Bizwire) – South Korean Foreign Minister Cho Tae-yul called on American entrepreneurs to “more actively” expand their investment in Korea, stressing Seoul’s endeavors to ensure a friendly business environment in the Asian country, his office said Wednesday. Cho made the call during Tuesday’s meeting with representatives from a series of companies, [...]
SEOUL, Feb. 29 (Korea Bizwire) — The government set this year’s budget for official development assistance (ODA) at a record high of 6.3 trillion won (US$4.7 billion) Thursday in line with efforts to take full responsibility and play a leading role as a global leader. The decision was made during a meeting of the government [...]
WASHINGTON, Feb. 27 (Korea Bizwire) — A senior White House official on Tuesday portrayed South Korean enterprises operating in the United States as helping foster a robust supply chain ecosystem and create decent jobs, Seoul’s foreign ministry said. Lael Brainard, the director of the National Economic Council (NEC), made the point during a meeting with [...]
SEOUL Feb. 28 (Korea Bizwire) – South Korea and the United Arab Emirates (UAE) have recently held high-level meetings involving bilateral cooperation in the areas of railway construction, infrastructure and energy, officials said Wednesday. Park Sang-woo, South Korea’s land, infrastructure and transport minister, met with Suhail Mohamed Al Mazrouei, minister of energy and infrastructure of [...]
SEOUL, Feb. 28 (Korea Bizwire) — The South Korean and the United States’ antitrust regulators have discussed ways of enhancing bilateral cooperation on antitrust principles to promote economic fair competition, the regulator here said Wednesday. The discussions were made during a meeting between Cho Hong-sun, vice chairperson of the Fair Trade Commission (FTC), and Manish [...]