SEOUL, Feb. 5 (Korea Bizwire) — Vietnam remained South Korea’s third-largest trading partner for the second straight year in 2023 though exports to and imports from the Southeast Asian nation slowed, data showed Monday. South Korea’s trade with Vietnam came to US$79.43 billion last year, with exports sinking 12.3 percent to $53.49 billion, according to [...]
WASHINGTON, Feb. 2 (Korea Bizwire) – The United States called on North Korea Friday to refrain from further “provocative” and “destabilizing” actions and come back to dialogue, after Pyongyang conducted another round of cruise missile launches. Seoul’s Joint Chiefs of Staff announced that Pyongyang fired the missiles into the Yellow Sea on Friday morning (Korea [...]
SEOUL, Feb. 1 (Korea Bizwire) — The fourth edition of the Winter Youth Olympics wrapped up in eastern South Korea on Thursday, as the closing ceremony marked the growth of teenage athletes during the two-week competition. Gangwon Province hosted a record 1,802 athletes from 78 nations during the first Winter Youth Games to take place [...]
TOKYO, Feb. 1 (Korea Bizwire) – A Japanese local government has taken down a memorial stone for Korean victims of Japan’s wartime forced labor at a public park earlier this week despite opposition from activist groups. Authorities from Gunma Prefecture began pulling down the stone on Monday and finalized the removal on Wednesday, Japan’s Asahi [...]
WASHINGTON, Jan. 31 (Korea Bizwire) — The United States is monitoring the possibility of what would be North Korea’s seventh nuclear test, while working with South Korea to “effectively” manage tensions along the inter-Korean border, a senior Pentagon official has said. Vipin Narang, principal deputy assistant secretary of defense for space policy, made the remarks [...]
WASHINGTON, Jan. 31 (Korea Bizwire) — An American industry group has called on the U.S. government to craft new multilateral chip equipment export controls, claiming the current strict unilateral ones put U.S. firms at a disadvantage over their rivals from South Korea and other countries. The Semiconductor Industry Association (SIA) made the call in their [...]
SEOUL, Jan. 31 (Korea Bizwire) – South Korea called for the United States on Wednesday to come up with “reasonable” regulations on limiting the sourcing of critical minerals and components from countries like China to qualify for U.S. incentives for electric vehicles (EVs), the foreign ministry said. Second Vice Foreign Minister Kang In-sun delivered the [...]
WASHINGTON, Jan. 29 (Korea Bizwire) — North Korea’s bellicose rhetoric, persistent weapons tests and pursuit of sturdier military ties with Russia are raising questions over whether it is time for the United States to recalibrate its policy and take a more creative approach. After taking office in early 2021, the Joe Biden administration unveiled a [...]
SEOUL, Jan. 29 (Korea Bizwire) – North Korea’s recent series of missile launches using diverse platforms indicate its efforts to develop more powerful and harder-to-detect weapons, posing a challenge to South Korea’s missile defense system, experts said Monday. North Korea tested an array of missiles under development at the start of the year, including a [...]
SEOUL, Jan. 28 (Korea Bizwire) – North Korea fired several cruise missiles from its east coast on Sunday, the South Korean military said, days after Pyongyang test-fired new strategic cruise missiles from the west coast. The Joint Chiefs of Staff (JCS) said the North’s launch took place around 8 a.m. in waters off Shinpo Port, [...]