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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, Sept. 4 (Korea Bizwire) — A sense of true stability may be a foreign concept in a country still divided and technically at war for the 64th year and counting. Perhaps South Korea can begin importing this ‘sense’ after it renegotiates its Free Trade Agreement with the United States, as Donald Trump wants. Late [...]
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 [...]
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 [...]
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, [...]
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. [...]
SEOUL, June 28 (Korea Bizwire) – A private think tank urged the government Wednesday to exempt taxes on income earned by South Korean multinationals abroad so they can easily repatriate funds that can fuel investment in the country. “The core of the new U.S. administration’s tax reform revealed in April is centered on the country [...]