SEOUL, April 4 (Korea Bizwire) — South Korea’s National Park Service has named the sawtooth oak as the country’s most effective native tree for carbon absorption, ahead of Arbor Day this weekend. However, despite its environmental value, the tree’s practical applications remain surprisingly limited. According to data released Friday, the sawtooth oak (Quercus acutissima) absorbs an [...]
SEOUL, April 4 (Korea Bizwire) — The number of South Korean companies filing for court-led restructuring has surged in early 2025, reflecting mounting pressure from the prolonged economic slowdown. According to new court data, 196 companies applied for corporate rehabilitation during January and February — a 26% increase from the same period last year. The [...]
WASHINGTON, April 3 (Korea Bizwire) — The White House confirmed Thursday that the United States will impose a 26 percent reciprocal tariff on imports from South Korea, after questions emerged over the difference between what President Donald Trump presented during a public event and what is written in an official document. During a Rose Garden [...]
SEOUL, April 3 (Korea Bizwire) — South Korean defense giant Hanwha Aerospace Co. said Thursday it has signed a 371.4 billion-won (US$253.6 million) deal to export homegrown K9 self-propelled howitzers to India. Under the agreement, the company will deliver the K9 howitzers to the Indian Army by September 2030, in cooperation with Mumbai-based company Larsen [...]
BRUSSELS, April 3 (Korea Bizwire) — The top diplomats of South Korea, the United States and Japan met for talks in Brussels on Thursday, a day after U.S. President Donald Trump announced sweeping global tariffs. The talks between Foreign Minister Cho Tae-yul, and his U.S. and Japanese counterparts, Marco Rubio and Takeshi Iwaya, respectively, took [...]
SEOUL, April 3 (korea Bizwire) — The top military officers of South Korea and Canada met in Seoul on Thursday and discussed ways to strengthen their cooperation for peace and stability in the Indo-Pacific region. Joint Chiefs of Staff (JCS) Chairman Adm. Kim Myung-soo and Gen. Jennie Carignan, Canada’s Chief of the Defence Staff, held [...]
SEOUL, April 3 (Korea Bizwire) — South Korea’s economy will likely face headwinds as the U.S. administration’s plan to impose “reciprocal” tariffs is expected to deal a severe blow to the country’s shipments to the United States, while seriously disrupting the global market that may again adversely affect South Korean exports, local experts said. They [...]
SEOUL, April 3 (Korea Bizwire) — The military plans to heighten its surveillance posture against North Korea as the Constitutional Court is set to deliver its ruling on President Yoon Suk Yeol’s impeachment, the Joint Chiefs of Staff (JCS) said Thursday. The Constitutional Court plans to announce its verdict on Yoon’s impeachment Friday, nearly four [...]
DAEJEON, April 3 (Korea Bizwire) — More than 10 percent of the world’s farmland could disappear if global temperatures rise by 1.5 degrees Celsius, according to a new study by South Korean and Chinese researchers, raising urgent concerns about future food security under current climate goals. The joint research, led by Professor Hae-Won Jeon of [...]
SEOUL, April 3 (Korea Bizwire) — U.S. President Donald Trump’s announcement on “reciprocal” tariffs Wednesday appears to have put South Korea deeper into a soul-searching mode over its growing reliance on the United States for trade, as the protectionist move further jeopardized the fate of a bilateral free trade agreement (FTA). Trump announced a 10 [...]