SEOUL, Jan. 16 (Korea Bizwire) – The unification and foreign ministries launched their vice ministerial-level consultative channel to coordinate policies on North Korea on Friday, officials said. Vice Unification Minister Kim Nam-jung and Jeong Yeon-doo, vice minister for diplomatic strategy and intelligence at the foreign ministry, held a luncheon meeting earlier in the day in [...]
WASHINGTON•SEOUL, Jan. 15 (Korea Bizwire) – South Korea is preparing for “all possibilities” as it weighs how to respond if the U.S. Supreme Court strikes down President Donald Trump’s sweeping, country-specific tariffs, a senior trade official said Wednesday, underscoring the uncertainty facing global markets as Washington’s trade policy hangs in the balance. Trade Minister Yeo [...]
WASHINGTON, Jan. 14 (Korea Bizwire) – The United Arab Emirates (UAE) on Wednesday signed a document to participate in a growing U.S.-led coalition for supply chain cooperation on artificial intelligence (AI), critical minerals and other areas, joining South Korea and seven other signatories to the group. The State Department said that Under Secretary of State [...]
NARA, Japan, Jan. 14 (Korea Bizwire) – South Korea has reaffirmed its bid to join the trans-Pacific trade pact during the summit talks between President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi, Lee’s top security adviser said Wednesday. National Security Adviser Wi Sung-lac told reporters that relevant government departments were expected to discuss [...]
SEOUL, Jan. 13 (Korea Bizwire) – Cheong Wa Dae said Tuesday that it expects a court to deliver a verdict for former President Yoon Suk Yeol in accordance with the law and in a manner that meets public expectations, after the special counsel demanded the death penalty over his failed martial law imposition. “Cheong Wa [...]
NARA, JAPAN & SEOUL, Jan. 13 (Korea Bizwire) — President Lee Jae-myung of South Korea and Prime Minister Sanae Takaichi of Japan struck an unexpected and highly symbolic chord on Tuesday, performing an impromptu drum duet following their summit meeting in Nara Prefecture. The private performance took place during an off-the-record reception after the leaders’ bilateral [...]
SEOUL, Jan. 12 (Korea Bizwire) – Defense Minister Ahn Gyu-back said Monday he is open to the idea of proposing a joint probe with North Korea into its claim of drone incursions into the country through the United Nations Command (UNC). On Saturday, the North’s military claimed that South Korea violated the North’s sovereignty by [...]
SEOUL, Jan. 6 (Korea Bizwire) — President Lee Jae Myung of South Korea called on Seoul and Beijing to work to soften public distrust and rebuild what he described as “good neighborly, friendly” relations, arguing that improved sentiment between the two societies is essential to expanding economic cooperation. Mr. Lee made the remarks Tuesday at a [...]
SEOUL, Jan. 5 (Korea Bizwire) — The United States’ recent attack on Venezuela and North Korea’s ballistic missile launch are expected to have a limited impact on the South Korean economy, the finance ministry said Monday. The assessment was made in an emergency meeting held to review the economic situation following the recent events, which [...]
TOKYO, Jan. 4 (Korea Bizwire) — The United States military in South Korea is reassessing the scope of its operations with an eye toward a potential conflict over Taiwan, a shift that would mark a significant broadening of the force’s traditional mission of deterring North Korea, according to a report published Sunday by Nikkei. The Japanese [...]