SEOUL, Sept. 20 (Korea Bizwire) — A South Korean steel product has been exempted from U.S. tariffs for the first time since Washington imposed an import quota on South Korean steel months ago, industry sources said Thursday. The U.S. Commerce Department on Monday accepted a request from American medical equipment maker Micro Stamping to exclude [...]
SEOUL, Aug. 27 (Korea Bizwire) — A recent photo that South Korean President Moon Jae-in had taken with female secretaries at the Blue House has been the subject of significant attention on various social media websites. The photo in question, of President Moon with five female secretaries at a luncheon on August 22, was posted [...]
SEOUL, May 17 (Korea Bizwire) – The headline of an article published last month on “The Hill,” a U.S.-based political magazine, reads “Trump, don’t let John Bolton blow up the North Korea talks.” Tom Z. Collina and Catherine Killough, the writers of the opinion article, are avid supporters of denuclearization efforts. They work for Ploughshares Fund, [...]
SEOUL, Mar. 26 (Korea Bizwire) — South Korea’s trade ministry said Monday it will beef up staff tasked with trade negotiations and disputes to better deal with the rising protectionism by major trading partners and help companies diversify into new markets. The Ministry of Trade, Industry and Energy said its reorganization plan received approval from [...]
SEOUL, Mar. 23 (Korea Bizwire) — South Korean steelmakers remain jittery about their exports to the United States despite Washington’s move to temporarily exempt Seoul from heavy tariffs on steel imports, industry sources said Friday. Speaking at a Senate hearing, U.S. Trade Representative Robert Lighthizer said President Donald Trump has authorized a “pause” in the [...]
SEOUL, March 9 (Korea Bizwire) – President Moon Jae-in on Friday hailed the agreed-upon summit between U.S. President Donald Trump and North Korean leader Kim Jong-un as a “historic milestone” for peace on the Korean Peninsula. Moon made the remark through his spokesman Kim Eui-kyeom after Trump agreed to meet with the North’s leader by [...]
SEOUL, Mar. 9 (Korea Bizwire) — South Korean steel exports to the United States will take a big hit from Washington’s move to slap heavy tariffs on imported steel, local industry sources said Friday. Defying threats of retaliatory measures from major economies, U.S. President Donald Trump signed orders imposing 25 percent tariffs on steel imports, [...]
SEOUL, Mar. 6 (Korea Bizwire) — The latest protectionist trade policies being pursued by U.S. President Donald Trump should not pose immediate problems for South Korean chipmakers, industry watchers here said Tuesday, although companies need to be prepared for unexpected developments. “As (memory chips) are intermediary goods, it is unlikely that (the chip industry) will [...]
WASHINGTON, Feb. 14 (Korea Bizwire) — U.S. President Donald Trump on Tuesday hailed General Motors Co.’s decision to shut down a plant in South Korea, saying the carmaker will now “move back” to Detroit. GM announced the same day that it will close one of its four car assembly plants in South Korea by the [...]
WASHINGTON, Jan. 30 (Korea Bizwire) — The United States has withdrawn former White House official Victor Cha from consideration for ambassador to South Korea, a U.S. official said Tuesday. The official on the White House National Security Council confirmed the decision, which raises new concerns about the Donald Trump administration’s policy toward Seoul and Pyongyang. [...]