SEOUL, Oct. 20 (Korea Bizwire) — The South Korean economy is forecast to be on a recovery track next year but the pace will be “very gradual” as China’s significant economic slowdown and a recession in the United States would hinder the growth of its exports, a senior Fitch Ratings analyst said Friday. Jeremy Zook, [...]
WASHINGTON, Oct. 16 (Korea Bizwire) — South Korea, the United States and Japan established a trilateral communication hotline, a senior Seoul official said Monday, in another sign of progress in their three-way security cooperation amid North Korea’s evolving military threats and China’s increasing assertiveness. The establishment of the hotline came after President Yoon Suk Yeol [...]
SEOUL, Oct. 12 (Korea Bizwire) — The unification ministry said Thursday it is working to verify speculation that China sent back hundreds of North Korean defectors earlier this week, stressing that any North Korean refugees should not be repatriated to the North against their will. China forcibly repatriated around 600 North Korean defectors detained in [...]
SEOUL, Oct. 11 (Korea Bizwire) – A South Korean politician urged the government on Tuesday to urgently devise measures to prevent Chinese companies from releasing imitated versions of K-foods, as some Chinese companies imitate not only the brand name and packaging but also use the Korean language on their products. Lee Yang-soo, a lawmaker from the [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korea wants to build a “healthy and mature” relationship with China, its top diplomat said Thursday, amid concerns over cooling bilateral relations as Seoul has been pushing for closer ties with the United States and Japan. Foreign Minister Park Jin made the remarks at a forum as the [...]
Nuvei’s increased presence in the region is enabling eCommerce businesses to reach local and cross-border customers MONTREAL, Oct. 02 (Korea Bizwire) — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today it has opened its latest operational hub in China as it continues to expand its presence in [...]
SEOUL, Sept. 26 (Korea Bizwire) — South Korea, China and Japan held a high-level meeting Tuesday to discuss three-way cooperation and explore the possibility of resuming the long-stalled summit of their leaders. The trilateral senior officials’ meeting held in Seoul brought together South Korean Deputy Foreign Minister Chung Byung-won; Takehiro Funakoshi, Japan’s senior deputy foreign [...]
SEOUL, Sept. 25 (Korea Bizwire) — South Korea, China and Japan are set to hold a series of meetings in Seoul on Monday to discuss resuming the long-stalled summit of their leaders. The deputy director-general meetings come a day before high-level talks among South Korean Deputy Foreign Minister Chung Byung-won, Takehiro Funakoshi, Japan’s senior deputy [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korea’s Industry Minister Bang Moon-kyu met with U.S. Deputy Secretary of Commerce Don Graves in Seoul on Friday and asked for addressing concerns among domestic chipmakers regarding Washington’s semiconductor export controls on China, his office said. In October last year, the U.S. announced a set of rules that [...]
WASHINGTON, Sept. 19 (Korea Bizwire) — A U.S. diplomat expressed concerns Tuesday over North Korean detainees in China who are at the risk of torture if repatriated, calling on Beijing to comply with the international principle of non-refoulement. Jung Pak, deputy special representative for North Korea, made the remarks during a forum on the human [...]