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Biden Condemns N. Korea’s Defiance of UNSC Resolutions, Remains Committed to Diplomacy

Biden Condemns N. Korea’s Defiance of UNSC Resolutions, Remains Committed to Diplomacy

WASHINGTON, Sept. 19 (Korea Bizwire) — U.S. President Joe Biden on Tuesday condemned North Korea’s continued violation of U.N. Security Council (UNSC) resolutions, but reiterated his commitment to diplomacy to achieve the denuclearization of the Korean Peninsula. Biden made the remarks in a speech at the U.N. General Assembly as a recent summit between North [...]

Biden Thanks S. Korea, Other Countries for Helping Achieve Return of U.S. Detainees from Iran

Biden Thanks S. Korea, Other Countries for Helping Achieve Return of U.S. Detainees from Iran

WASHINGTON, Sept. 18 (Korea Bizwire) — President Joe Biden expressed his appreciation Monday to South Korea and other countries for helping achieve the return of five American citizens who were detained in Iran. Biden issued a statement celebrating their release under a rare swap deal with Tehran that reportedly saw around $6 billion in Iranian [...]

Yoon’s Summit with Biden to Highlight S. Korea’s ‘Pivotal’ Role in Region: U.S. Experts

Yoon’s Summit with Biden to Highlight S. Korea’s ‘Pivotal’ Role in Region: U.S. Experts

WASHINGTON, March 7 (Korea Bizwire) — South Korean President Yoon Suk Yeol’s upcoming trip to the United States will underscore the vital role South Korea can and seeks to play in dealing with various challenges in the Indo-Pacific region, U.S. experts said Tuesday. The trip will also likely lead to concrete steps or “deliverables” that can [...]

S. Korea’s SK Group Chief Unveils Plan to Invest US$22 bln in Meeting with Biden

S. Korea’s SK Group Chief Unveils Plan to Invest US$22 bln in Meeting with Biden

WASHINGTON/SEOUL, July 27 (Korea Bizwire) — Chey Tae-won, chairman of South Korea’s SK Group, on Tuesday unveiled an ambitious plan to invest an additional US$22 billion in the United States in a rare meeting with U.S. President Joe Biden. Biden welcomed the announcement, calling it one of the most “significant investments” ever seen in the [...]

Samsung Tipped to Ramp Up U.S. Investment as Biden Vows More Spending: Analysts

Samsung Tipped to Ramp Up U.S. Investment as Biden Vows More Spending: Analysts

SEOUL, April 13 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chip producer, is likely to accelerate its investment in the United States as U.S. President Joe Biden urged more spending in the chipmaking sector to resolve the chip shortage and build up a stable supply chain, analysts here said Tuesday. Samsung was [...]

S. Korean Batteries, Solar Panels Rally After Biden Victory

S. Korean Batteries, Solar Panels Rally After Biden Victory

SEOUL, Nov. 9 (Korea Bizwire) — Shares of South Korean battery makers and renewable energy suppliers got a fresh boost Monday as investors bet on Joe Biden’s win in the U.S. presidential election with clean energy pledges. Biden’s green energy plan includes significant investments in charging infrastructure for electric vehicles (EVs) and updating government vehicle [...]