SEOUL, June 18 (Korea Bizwire) — North Korea’s vice foreign minister has reaffirmed the country’s “consistent” stance on advancing friendship with China while attending a reception hosted by the Chinese Embassy in Pyongyang to mark the U.N.-designated International Day for Dialogue among Civilizations. Proposed by China, the U.N. General Assembly adopted a resolution last year [...]
SEOUL, June 18 (Korea Bizwire) — South Korea, the United States and Japan held combined air drills Wednesday in an effort to strengthen their trilateral security cooperation against North Korean threats, the South’s Air Force said. It marked the first joint air exercise among the three countries since President Lee Jae Myung took office earlier [...]
SEOUL, June 18 (Korea Bizwire) — South Korea’s state-run trade promotion agency said Wednesday it is operating a Korean pavilion at a major U.S. biotech exhibition this week, highlighting the country’s bio and pharmaceutical technology. The pavilion, run by the Korea Trade-Investment Promotion Agency (KOTRA), features 58 companies in cooperation with five local industrial associations, [...]
SEOUL, June 18 (Korea Bizwire) — Samsung Heavy Industries Co. said Wednesday it has terminated ship equipment contracts worth 4.85 trillion won (US$3.54 billion) with Zvezda Shipbuilding Complex and plans to seek damages over what it called the Russian shipyard’s unilateral breach of contract. The contracts, signed in 2020 and 2021, covered the supply of [...]
SEOUL, June 18 (Korea Bizwire) – South Korea’s financial regulator has issued a consumer alert warning the public about a rise in fraudulent schemes involving fake promises of imminent stock market listings—an increasingly sophisticated scam targeting retail investors amid the country’s recent market rebound. According to the Financial Supervisory Service (FSS), scam operators are falsely [...]
SEOUL, June 18 (Korea Bizwire) — The Seoul Metropolitan Government announced Tuesday it will expand its free “Pet Plant Clinic” service—an initiative offering personalized diagnosis and care for ailing houseplants—from 9 to 14 locations across the city by the end of June. Launched in 2023, the Pet Plant Clinic program provides expert guidance to citizens [...]
SEOUL, June 17 (Korea Bizwire) — North Korea will send 5,000 military construction workers and 1,000 sappers to Russia’s Kursk region, Russian media reports said Tuesday, while Moscow’s security chief visited Pyongyang for talks with North Korean leader Kim Jong-un. The announcement came as Security Council Secretary Sergei Shoigu visited the North Korean capital on [...]
SEOUL, June 17 (Korea Bizwire) — A special investigation committee to uncover the truth behind the 2022 crowd crush that killed 159 people in Seoul’s Itaewon district and prevent its recurrence began its activities with the first meeting on Tuesday. The deadly crowd accident occurred during Halloween festivities in a narrow alley of Itaewon on [...]
SEOUL, June 17 (Korea Bizwire) — The American Chamber of Commerce in Korea (AMCHAM) said Tuesday its business delegation has completed a four-day visit to Washington aimed at advancing South Korea-U.S. economic cooperation amid a recent leadership change in Seoul. During the chamber’s annual “Doorknock” program from June 9, the delegation held around 40 meetings [...]
CALGARY, Canada, June 16 (Korea Bizwire) — President Lee Jae Myung’s envisioned meeting with U.S. President Donald Trump in Canada won’t take place as Trump abruptly left the Group of Seven (G7) summit earlier than scheduled, Lee’s office said. Lee’s office had been arranging the first in-person meeting with Trump on the sidelines of the [...]