INCHEON, April 11 (Korea Bizwire) — The United States has expressed a willingness to handle the tariff negotiations with South Korea and Japan as smoothly as possible, Seoul’s Trade Minister Cheong In-kyo said Friday, describing the U.S.’ openness as a key outcome of his visit to Washington. “We held various discussions aimed at ensuring smooth [...]
PAJU, South Korea, April 11 (Korea Bizwire) — A train on the Gyeongui-Jungang Line made an emergency stop in Paju, just north of Seoul, on Friday after authorities discovered an issue on the tracks. The train was headed to Seoul from Munsan when it was brought to a sudden halt at 3:30 p.m., according to [...]
SEOUL, April 11 (Korea Bizwire) – A South Korean special envoy has visited Bolivia and discussed ways to enhance cooperation with senior officials, marking the 60th anniversary of the establishment of their diplomatic ties this month, the foreign ministry said Friday. Jang Myung-soo, former ambassador to Argentina and Colombia, traveled to the Bolivian administrative city [...]
SEOUL, April 11 (Korea Bizwire) — A subway construction site in Gwangmyeong, just south of Seoul, collapsed Friday, leaving one worker missing, authorities said. The site had been evacuated earlier in the day after authorities were alerted to the risk of collapse following the discovery of cracks in multiple pillars used in the construction of [...]
SEOUL, April 11 (Korea Bizwire) — The government announced plans Friday to inject an additional 9 trillion won (US$6.6 billion) in financing to support exporters facing strong tariffs imposed by U.S. President Donald Trump’s administration and escalating global trade tensions. The decision was made during a meeting of external economic ministers held in Seoul, as [...]
SEOUL, April 11 (Korea Bizwire) — The Finance Ministry said Friday that the government will extend the tariff-rate quota system on pork and egg product imports in an effort to stabilize food prices. Starting May 1, emergency tariff quotas will be applied to 10,000 tons of raw pork for processed foods and 4,000 tons of [...]
SEOUL, April 11 (Korea Bizwire) — Drivers aged 65 and older exhibit significantly slower reaction times in unexpected road situations compared to younger drivers, raising fresh concerns about senior road safety, according to a new study released Thursday by the Korea Consumer Agency. The study, which involved a simulated urban driving test of 34 drivers [...]
DAEJEON, South Korea, April 11 (Korea Bizwire) — South Korean researchers have developed a breakthrough technology capable of predicting landslide and debris flow risks within two and a half hours following extreme rainfall—offering critical lead time for evacuations, particularly in wildfire-damaged mountain regions. The Korea Institute of Geoscience and Mineral Resources (KIGAM) announced Thursday that [...]
SEOUL, April 10 (Korea Bizwire) — South Korea should take a prudent and guarded approach in its negotiations with the Trump administration over his proposed “package deal” on tariffs and security issues, as it would be better not to hastily respond to such talks under Seoul’s current acting leadership, experts said Thursday. Experts said South [...]
SEOUL, April 10 (Korea Bizwire) – The Constitutional Court on Thursday rejected the impeachment of Justice Minister Park Sung-jae over his alleged involvement in former President Yoon Suk Yeol’s martial law bid in December. The court’s ruling immediately reinstated Park nearly four months after he was impeached by the National Assembly on charges of aiding [...]