SEOUL, Dec. 3 (Korea Bizwire) – North Korea warned Sunday that a “physical clash and war” have become a matter of time on the Korean Peninsula in the wake of the scrapping of an inter-Korean military tension reduction accord, threatening that South Korea will face “total collapse” if it undertakes any hostile act. A North [...]
SEOUL, Dec. 3 (Korea Bizwire) – China has halted customs procedures for urea exports to South Korea, prompting the Seoul government to look into the cause, officials said Sunday. China’s customs authorities recently blocked the export of Chinese urea to South Korean companies, but have yet to respond to Seoul’s request for an explanation, according [...]
WASHINGTON, Dec. 1 (Korea Bizwire) – The United States on Friday released proposed guidance defining a “foreign entity of concern (FEOC)” in a move to clarify its rules meant to block tax credits for electric vehicles (EVs) with battery components and critical minerals from China. The Treasury and Energy Departments announced the long-awaited rules of [...]
WASHINGTON, Nov. 30 (Korea Bizwire) — The United States has kept North Korea on its list of state sponsors of terrorism, an annual State Department report showed Thursday, noting the reclusive regime repeatedly supported acts of international terrorism. The department released the 2022 Country Reports on Terrorism, which serves as a guide for policy decisions [...]
SEOUL, Nov. 30 (Korea Bizwire) — South Korea will thoroughly review Japan’s application for the listing of Buddhist scriptures, printed with ancient Korean Buddhist wooden printing blocks, on the U.N. Educational, Scientific and Cultural Organization (UNESCO) Memory of the World Register, the foreign ministry said Thursday. The move came as the Japanese government is pushing [...]
SEOUL, Nov. 30 (Korea Bizwire) – The final presentation video for the selection of the host city of the 2030 World Expo prepared by the city of Busan has drawn widespread criticism after South Korean port city was handily beaten by Riyadh, Saudi Arabia, in the ultimate vote. The video, unveiled at the voting venue in [...]
SEOUL, Nov. 30 (Korea Bizwire) — Foreign Minister Park Jin on Thursday said South Korea “gave its best” in its campaign to host the 2030 World Expo, after the southeastern city of Busan lost to Saudi Arabia’s Riyadh in a vote earlier this week. Park made the remarks responding to reporters at the 5th International [...]
SEOUL, BUSAN & PARIS, Nov. 29 (Korea Bizwire) –Following Busan’s unsuccessful bid for the 2030 World Expo, Busan National University Professor Kim Yi-tae, an advisor to the Busan Expo Hosting Committee, has claimed that vote buying occurred. Kim made this revelation during a press conference held on the sidelines of the International Expositions Bureau (BIE) [...]
SEOUL/PARIS, Nov. 28 (Korea Bizwire) – The Eiffel Tower and the telephone are just a couple of the groundbreaking inventions that were introduced at the World Expo, a prestigious global fair held every five years with the potential to generate economic benefits and stimulate job creation. Since its inaugural event in 1851, the Paris-based Bureau [...]
PARIS/SEOUL, Nov. 28 (Korea Bizwire) — South Korea’s Busan came up short in its bid to host the 2030 World Expo on Tuesday as Saudi Arabia’s Riyadh won a resounding victory over Busan and Italy’s Rome without a runoff vote. Members of the Bureau International des Expositions (BIE), the body responsible for overseeing the international [...]