WASHINGTON, July 30 (Korea Bizwire) — U.S. President Donald Trump announced a tentative trade agreement with South Korea on Tuesday, stating that the United States will lower its reciprocal tariff rate on Korean goods from 25% to 15% in exchange for a $350 billion investment package from Seoul. In a post on Truth Social following [...]
SEOUL, July 30 (Korea Bizwire) — South Korea’s credit card spending rose sharply in the second quarter of 2025, buoyed by recovering consumer sentiment and optimism over potential economic stimulus measures in the second half of the year. According to data released Wednesday by the Credit Finance Association, total card-approved transactions reached 313 trillion won [...]
UIJEONGBU, South Korea, July 30 (Korea Bizwire) – As South Korea endures an unrelenting heatwave with temperatures nearing 40 degrees Celsius, over 81,000 chickens and pigs have died in Gyeonggi Province alone between July 11 and 25, according to local government data released Wednesday. The fatalities began mounting shortly after heat advisories were issued across [...]
SEOUL, July 30 (Korea Bizwire) — A presidential delegation to Australia has met with top officials in Canberra and reaffirmed South Korea’s efforts to advancing bilateral relations under the Lee Jae Myung government, Seoul’s foreign ministry said Wednesday. The special envoys, led by former National Assembly Speaker Kim Jin-pyo, delivered Lee’s message in their meetings [...]
SEOUL, July 30 (Korea Bizwire) — Recent statements by the powerful sister of North Korean leader Kim Jong-un suggest that the regime believes it holds a strategic advantage in its stalled nuclear diplomacy with the United States and inter-Korean engagement, South Korea’s spy agency reportedly told lawmakers Wednesday. The National Intelligence Service (NIS) shared its [...]
SEOUL, July 30 (Korea Bizwire) — A South Korean delegation has visited Poland to deliver President Lee Jae Myung’s message on the commitment to further expanding bilateral cooperation in defense and other areas, Seoul’s foreign ministry said Wednesday. The delegation, led by veteran politician Park Jie-won of the ruling Democratic Party, was the first group [...]
SEOUL, July 30 (Korea Bizwire) — President Lee Jae Myung met Wednesday with former Japanese Prime Minister Yoshihide Suga to discuss ways to further develop bilateral relations between the two nations, the presidential office said. Suga headed a delegation from the Japan-South Korea Parliamentarians’ Association, marking the highest-level Japanese political figure’s first visit to Seoul [...]
SEOUL, July 30 (Korea Bizwire) — A total of 13 people have died from heat-related illnesses so far this year as South Korea continues to endure severe heat waves, health authorities said Wednesday. A total of 2,768 patients had visited emergency rooms for heat-related conditions as of Tuesday since mid-May, when authorities launched the heat-related [...]
SEOUL, July 30 (Korea Bizwire) — South Korea and the United States are continuing last-minute trade negotiations on areas including semiconductors, batteries and biotechnology on top of in-depth discussions on shipbuilding cooperation, the presidential office said Wednesday. Kim Yong-bum, the presidential chief of staff for policy, made the remarks as top Seoul officials are visiting [...]
SEOUL, July 30 (Korea Bizwire) – The ruling Democratic Party (DP) launched a special committee Wednesday to assist ongoing special counsel probes into former President Yoon Suk Yeol’s botched martial law bid, corruption allegations involving his wife and the death of a Marine. Three separate special counsel teams are currently investigating Yoon’s failed attempt to [...]