SEOUL, Nov. 10 (Korea Bizwire) — South Korea will provide US$300,000 worth of humanitarian assistance to Nepal to help the country cope with the aftermath of a deadly earthquake that has killed more than 150 people, the foreign ministry said Friday. The government hopes the provision will help Nepalese people who have suffered damage from [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korea joined the United States, Britain, Japan and dozens of other countries to issue a statement calling for the promotion of the international framework on automatic exchanges of information on crypto-asset transactions to ensure tax compliance, the finance ministry said Friday. In August 2022, the Organization for Economic [...]
SEOUL, Nov. 10 (Korea Bizwire) — Prime Minister Han Duck-soo is scheduled to visit France later this week to bolster South Korea’s bid for hosting the 2030 World Expo, just around two weeks before the crucial vote, his office said Friday. Han will depart for Paris on Sunday for a four-day trip in a last-minute [...]
SEOUL, Nov. 10 (Korea Bizwire) – In response to the controversy surrounding the illegal distribution of the Netflix original series ‘Doona!’ and the JTBC drama ‘Strong Girl Nam-soon,’ professor Seo Kyung-duk from Sungshin Women’s University stated, “It’s time for the Korean government to take action.” On Thursday, Suh expressed on social media that it’s not an [...]
SEOUL, Nov. 8 (Korea Bizwire) – The number of foreign residents in South Korea has hit a record high at nearly 2.26 million, with foreign students increasing by 21 percent year-on-year to fuel the jump, the interior ministry said Wednesday. As of Nov. 1, 2022, the number of foreign residents had stood at around 2.258 [...]
WASHINGTON, Nov. 7 (Korea Bizwire) — The U.S. Department of Defense refused Tuesday to comment on a growing debate in South Korea over whether a 2018 inter-Korean military accord aimed at reducing border tensions should be suspended, saying it is a matter for South Korea to decide on. Deputy Pentagon Press Secretary Sabrina Singh addressed [...]
WASHINGTON, Nov. 7 (Korea Bizwire) — The United States has taken South Korea off its list of countries to monitor for their foreign exchange policies, a Treasury Department report showed Tuesday, marking the Asian country’s first exclusion in more than seven years. The department released the semiannual Report to Congress on Macroeconomic and Foreign Exchange [...]
SEOUL, Nov. 7 (Korea Bizwire) — North Korean leader Kim Jong-un has made concerning “strategic” changes in the regime’s decadeslong effort of seeking normalization with the United States, turning to Russia and China for cooperation instead, an American expert said Tuesday. Siegfried Hecker, an emeritus professor at Stanford University known for his direct experience with [...]
Jakarta, Nov. 8 (Korea Bizwire) – South Korea holds the top spot as the most desired destination for Indonesians to visit, with over 60 percent expressing that they find the country “suitable” as a model for their own nation’s development. A recent survey conducted by the Embassy of the Republic of Korea in Indonesia revealed that [...]
WASHINGTON, Nov. 6 (Korea Bizwire) — Less than a year before the U.S. presidential election, diplomatic and security discourse among South Korean policymakers is shifting to the potential implications that the election outcome may have for America’s alliances, diplomacy with North Korea and the Sino-U.S. rivalry. The Nov. 5 election is largely expected to be [...]