SEOUL, Oct. 15 (Korea Bizwire) – South Korea has joined a key donor group of the International Committee of the Red Cross (ICRC) for the first time after making major contributions last year, the humanitarian organization said Sunday. The country was recently included in the ICRC’s 2023 Donor Support Group, which consists of donors contributing [...]
SEOUL, Oct. 13 (Korea Bizwire) – South Korea’s military exemptions granted to qualified athletes and musicians were called into question during a parliamentary audit Friday as this year’s Asian Games reignited debates over their fairness. Both ruling and opposition parties called on the Military Manpower Administration (MMA) to reconsider the current supplementary military system that [...]
SEOUL, Oct. 13 (Korea Bizwire) – North Korea’s imports of luxury goods from China reached US$28.5 million last year, despite pandemic border control and international sanctions, data from China’s customs office showed Friday. Except for a temporary dip during the pandemic in 2021, the aggregate value of luxury goods imported from China to North [...]
WASHINGTON, Oct. 13 (Korea Bizwire) –The U.S. government on Friday officially issued a rule updating general authorizations for Samsung Electronics and SK hynix to keep supplying their China-based plants with certain U.S. semiconductor manufacturing equipment. The Commerce Department’s Bureau of Industry and Security (BIS) announced the rule after it notified the Seoul government of [...]
WASHINGTON, Oct. 13 (Korea Bizwire) –North Korea has delivered more than 1,000 containers of military equipment and munitions to Russia in recent weeks for use in Ukraine, a White House official said Friday, lambasting burgeoning cooperation between Pyongyang and Moscow as a threat to regional stability. In a press briefing, John Kirby, National Security [...]
SEOUL, Oct. 13 (Korea Bizwire) — North Korea on Friday dismissed speculation that the Hamas militant group used North Korean weapons for its surprise attack on Israel as “groundless,” accusing the United States of cooking up a false accusation against the North. Ri Kwang-song, a North Korean commentator on international affairs, said the U.S. is [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korea’s on-year employment growth accelerated for the second consecutive month in September, but jobs in the manufacturing sector fell by the most in five months amid an economic slowdown, data showed Friday. The number of employed people came to 28.69 million last month, up around 309,000 from a [...]
SEOUL, Oct. 13 (Korea Bizwire) — Prime Minister Han Duck-soo met with his Croatian counterpart during his official visit to Zagreb as part of his four-nation European trip and discussed ways to develop the comprehensive strategic partnership between the two countries, Han’s office said Friday. Han arrived in the Croatian capital Wednesday (local time) for the third [...]
WASHINGTON, Oct. 12 (Korea Bizwire) — North Korea is “on pace” to deploy sufficient nuclear-tipped intercontinental ballistic missiles (ICBMs) to overcome the U.S. missile defense and may be preparing for a nuclear test to enable tactical nuclear operations, a congressional report showed Thursday. The Congressional Commission on the Strategic Posture of the United States issued [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korea experienced a gradual softening of an economic downturn on signs of improvement in production and exports of semiconductors and the upbeat service sector though external uncertainties linger, the finance ministry said Friday. “The economic slowdown has been gradually easing as the production and exports in the manufacturing [...]