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South Korea Aims to Join Food Assistance Convention, Donate 50,000 Tons of Rice

South Korea Aims to Join Food Assistance Convention, Donate 50,000 Tons of Rice

SEJONG, Sept. 6 (Korea Bizwire) – South Korea plans to give rice to developing nations after it joins an international food assistance convention as part of its ambition to stabilize the local rice supply and help the needy around the world, the farm ministry said Wednesday. The Ministry of Agriculture, Food and Rural Affairs said it is preparing steps [...]

South Korea Denies Plan to Spend “Billions of Dollars” on Weapons

South Korea Denies Plan to Spend “Billions of Dollars” on Weapons

SEOUL, Sept. 5 (Korea Bizwire) — South Korea on Tuesday acknowledged the possibility of a need to purchase advanced U.S. weapons systems in the future as part of efforts to enhance its deterrence against North Korean provocations but dismissed any immediate plan to spend “many billions of dollars” as suggested by Washington. In a short [...]

South Korean Analysts Find Dismantling KORUS FTA Advantageous for South Korea

South Korean Analysts Find Dismantling KORUS FTA Advantageous for South Korea

SEOUL, Sept. 5 (Korea Bizwire) — While the alleged development of a hydrogen bomb by North Korea is keeping the military on alert, Donald Trump’s allusions to a possible termination of the Korea – U.S. Free Trade Agreement is keeping the nation’s economy in a similar state. In the latest stream of news either decrying [...]

Moon, Putin to Focus on North Korean Nukes in Upcoming Summit

Moon, Putin to Focus on North Korean Nukes in Upcoming Summit

SEOUL, Sept. 4 (Korea Bizwire) – North Korea’s nuclear program will top the agenda of the upcoming summit between South Korea and Russia this week, a Seoul presidential official said Monday. President Moon Jae-in and his Russian counterpart Vladimir Putin are set to hold talks Wednesday, shortly after Moon’s arrival in Vladivostok to attend the [...]

South Korea and 5 ASEAN Nations Talk Diplomacy and Economic Cooperation in Busan

South Korea and 5 ASEAN Nations Talk Diplomacy and Economic Cooperation in Busan

BUSAN, Sept. 1 (Korea Bizwire) — South Korea and five Southeast Asian countries surrounding the Mekong River agreed on Friday to strengthen diplomatic and economic cooperation during an annual high-level meeting in the southern port city of Busan. The 7th Mekong-Republic of Korea Foreign Ministers’ Meeting adopted a new action plan outlining the long-term vision [...]