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North Korea Stops Provocation Temporarily Amid Trump Visit Next Month

North Korea Stops Provocation Temporarily Amid Trump Visit Next Month

SEOUL, Oct. 20 (Korea Bizwire) – More than a month has passed since North Korea’s last military provocation, an intermediate-range ballistic missile launch, with U.S. President Donald Trump set to visit South Korea within a few weeks. The gap between the North Korean government’s controversial missile tests is the longest hiatus of military provocation since South [...]

Korean-American Community Strongly Opposes DACA Repeal

Korean-American Community Strongly Opposes DACA Repeal

SEOUL, Sept. 9 (Korea Bizwire) — Donald Trump’s decision to put an end to the Deferred Action for Childhood Arrivals (DACA) program, which has allowed approximately 800,000 illegal immigrants referred to as Dreamers who entered the country as minors to receive the benefit of deferred deportation, has aroused fierce anger among immigrants, and members of [...]

South Korea Denies Plan to Spend “Billions of Dollars” on Weapons

South Korea Denies Plan to Spend “Billions of Dollars” on Weapons

SEOUL, Sept. 5 (Korea Bizwire) — South Korea on Tuesday acknowledged the possibility of a need to purchase advanced U.S. weapons systems in the future as part of efforts to enhance its deterrence against North Korean provocations but dismissed any immediate plan to spend “many billions of dollars” as suggested by Washington. In a short [...]

South Korean Analysts Find Dismantling KORUS FTA Advantageous for South Korea

South Korean Analysts Find Dismantling KORUS FTA Advantageous for South Korea

SEOUL, Sept. 5 (Korea Bizwire) — While the alleged development of a hydrogen bomb by North Korea is keeping the military on alert, Donald Trump’s allusions to a possible termination of the Korea – U.S. Free Trade Agreement is keeping the nation’s economy in a similar state. In the latest stream of news either decrying [...]

South Korea an Oasis of Calm amid Global Fears over North Korean Aggression

South Korea an Oasis of Calm amid Global Fears over North Korean Aggression

SEOUL, Aug. 31 (Korea Bizwire) — Facing a bellicose northern neighbor that fires missiles, tests nukes and habitually threatens a war of annihilation, South Korea may look like a dangerous flashpoint to the eyes of outsiders. But the country has been inured, or resigned, to the perennial threats from North Korea for decades. So small [...]

S. Korean Firms Step Up U.S. Lobby as Trade Issues Take Center Stage

S. Korean Firms Step Up U.S. Lobby as Trade Issues Take Center Stage

SEOUL, Jul. 25 (Korea Bizwire) — S. Korea’s big name exporters have stepped up their lobbying activities in the United States after the Donald Trump administration took office, data showed Tuesday, apparently to smooth out potential trade issues. U.S. Senate Lobbying Disclosure Database showed that tech giant Samsung Electronics spent US$1.47 million on lobbying activities [...]

S. Korea Suggests U.S. Carry out Joint Study on FTA’s Economic Effect

S. Korea Suggests U.S. Carry out Joint Study on FTA’s Economic Effect

SEJONG, Jul. 25 (Korea Bizwire) — South Korea suggested the United States carry out a joint study on the economic impact of the Seoul-Washington free trade agreement before starting talks on its amendment, Seoul’s trade ministry here said Tuesday. “Regarding your request to convene a special session of the Joint Committee under the KORUS FTA, [...]

Data Indicate Tariff Elimination Doesn’t Account for Increased Korean Car Exports to U.S.

Data Indicate Tariff Elimination Doesn’t Account for Increased Korean Car Exports to U.S.

SEOUL, Jul. 16 (Korea Bizwire) — South Korea’s car exports to the United States have declined, rather than increased, after the two countries abolished import taxes last year as part of their free trade agreement, data showed Sunday. The Korea Automobile Manufacturers Association (KAMA) published the analysis that rebuts a widespread belief in the U.S. [...]