SEOUL, Feb. 15 (Korea Bizwire) — North Korea has given no reaction yet to South Korea’s establishment of diplomatic relations with Cuba, but the surprise announcement is a blow to Pyongyang that has long boasted brotherly ties with the Caribbean nation. South Korea forged diplomatic ties with Cuba on Wednesday (New York time), making Cuba [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea has joined a multinational donor group that coordinates financial assistance and reconstruction plans for Ukraine, the presidential office said Thursday. The Multi-agency Donor Coordination Platform for Ukraine (MDCP) was established last year, led by the Group of Seven (G7) nations and involving other donor countries, the European [...]
SEOUL, Feb. 15 (Korea Bizwire) — Container shipping costs from South Korea to Europe soared more than 70 percent last month amid escalating tensions in the Red Sea, data showed Thursday. The average shipping cost for a 40-foot container for the route surged 72 percent on-month to come to 4.35 million won (US$3,262.5) in January, [...]
WASHINGTON, Feb. 13 (Korea Bizwire) — Former President Donald Trump’s recent controversial remarks on the North Atlantic Treaty Organization (NATO) is stoking a renewed yet consequential question for South Korea: Would America’s security commitment remain steadfast in the midst of seemingly unbridled North Korean threats? During a campaign rally in South Carolina on Saturday, Trump [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s industry ministry said Wednesday it has hosted a roundtable to promote its carbon-free vision with key partners on the margins of the International Energy Agency (IEA) meeting. The carbon-free energy roundtable, inviting “like-minded” nations, including Britain, Canada and Japan, was held in Paris on Tuesday (France time) [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s defense ministry and the Pentagon will lead the third meeting of the Nuclear Consultative Group (NCG) slated for June in Seoul to discuss a shared nuclear strategy to deter North Korea’s nuclear threat. Cho Chang-rae, South Korea’s deputy defense minister for policy, and Vipin Narang, principal U.S. [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea and Colombia on Wednesday signed an agreement to mutually recognize the airworthiness certification of their military aircraft, the state arms procurement agency said, in a boost for Seoul’s efforts to export aircraft to the South American country. The Defense Acquisition Program Administration (DAPA) said it signed the [...]
SEOUL, Feb. 14 (Korea Bizwire) – In a significant development for international agricultural aid, a dairy cow sent from South Korea to Nepal in December 2022 has successfully given birth to a calf, marking a first for both the donation of dairy cows from Korea to another country and for the birth of a calf from [...]
SEOUL, Feb. 13 (Korea Bizwire) – In 2023, South Korea witnessed a significant increase in refugee applications, with over 5,000 Russians seeking asylum, marking a record high. According to a December report from the Ministry of Justice, a total of 18,838 refugee applications were filed throughout the year, showing a 63% increase from the 11,539 applications [...]
WASHINGTON, Feb. 12 (Korea Bizwire) — A U.S. diplomat on Monday highlighted America’s commitment to working in tandem with South Korea and Japan to address growing military cooperation between North Korea and Russia, which he said serves only to prolong Moscow’s war in Ukraine. Speaking at a forum, Robert Koepcke, deputy assistant secretary of state [...]