SEOUL, Apr. 17 (Korea Bizwire) – A U.S.-led Indo-Pacific agreement on supply chains went into effect in South Korea, Seoul’s trade ministry said Wednesday. The Indo-Pacific Economic Framework (IPEF) was launched by U.S. President Joe Biden in 2022, involving 14 member nations, including South Korea, the United States and Japan. “The government plans to come [...]
SEOUL, Sept. 11 (Korea Bizwire) — South Korea has taken part in a new round of negotiations on the United States-led Indo-Pacific Economic Framework (IPEF) under way in Thailand, the industry ministry said Monday. The fifth round of IPEF talks began Sunday in Bangkok for a seven-day run, and South Korea sent a delegation led [...]
SEOUL, May 21 (Korea Bizwire) — South Korean companies could find themselves attempting a precarious balance between Washington and Beijing, as Seoul announced its decision to join a new U.S.-led regional economic initiative that does not include China. President Yoon Suk-yeol said Saturday that South Korea and the United States will work together to develop [...]