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Hyundai Motor Chooses to Divest Russian Plant Temporarily Halted Amidst Ukraine Conflict

Hyundai Motor Chooses to Divest Russian Plant Temporarily Halted Amidst Ukraine Conflict

SEOUL, Dec. 19 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest automaker, said Tuesday it decided to sell its Russian manufacturing plant, which has been suspended due to the impact of the Russia-Ukraine war. The company said in a regulatory filing that the sale of Hyundai Motor Manufacturing Rus LLC in Saint Petersburg, Russia, was approved in an extraordinary board meeting held earlier in the day. The board also decided to sell General Motors [...]

S. Korean, British FMs Condemn N. Korea-Russia Arms Trade

S. Korean, British FMs Condemn N. Korea-Russia Arms Trade

SEOUL, Nov. 23 (Korea Bizwire) — Foreign Minister Park Jin held talks with his British counterpart to discuss growing North Korean threats and ways to boost their bilateral relations, Seoul’s foreign ministry said Thursday. In the breakfast meeting held in London on Tuesday (local time), Park and Foreign Secretary David Cameron voiced concerns over North [...]

N. Korea’s Claimed Success in Spy Satellite Launch Raises Possibility of Russian Assistance

N. Korea’s Claimed Success in Spy Satellite Launch Raises Possibility of Russian Assistance

SEOUL, Nov. 22 (Korea Bizwire) — North Korea’s claimed success in placing its first military reconnaissance satellite into orbit on its third attempt has raised the possibility it could have received technological assistance from Russia. North Korea said a new type of Chollima-1 space rocket successfully put the Malligyong-1 satellite into orbit on Tuesday night, [...]

U.S. Expert Voices Concern over N.K.’s Cooperation with Russia, Abandonment of Decadeslong Effort to Normalize Ties with U.S.

U.S. Expert Voices Concern over N.K.’s Cooperation with Russia, Abandonment of Decadeslong Effort to Normalize Ties with U.S.

SEOUL, Nov. 7 (Korea Bizwire) — North Korean leader Kim Jong-un has made concerning “strategic” changes in the regime’s decadeslong effort of seeking normalization with the United States, turning to Russia and China for cooperation instead, an American expert said Tuesday. Siegfried Hecker, an emeritus professor at Stanford University known for his direct experience with [...]

Middle East Instability, Russia’s War Raise Questions over U.S. Ability to Address Multiple Crises

Middle East Instability, Russia’s War Raise Questions over U.S. Ability to Address Multiple Crises

WASHINGTON, Nov. 2 (Korea Bizwire) — Escalating tensions in the Middle East and Russia’s protracted war in Ukraine are raising anew consequential security questions over whether the United States can respond to a third crisis concurrently should it arise on the Korean Peninsula, the Taiwan Strait or elsewhere. After the war between Israel and Hamas [...]

NK leader Vows to Build ‘Forward-looking’ Ties with Russia in Talks with FM

NK leader Vows to Build ‘Forward-looking’ Ties with Russia in Talks with FM

SEOUL, Oct. 20 (Korea Bizwire) — North Korean leader Kim Jong-un has vowed to build a “forward-looking” and “far-reaching” relationship with Russia during his meeting with its foreign minister, state media said Friday, as the two countries move to strengthen military ties amid speculation over their suspected arms deal. Russia’s Foreign Minister Sergei Lavrov made [...]

Russia Could Help N. Korea’s Possible Effort to Build ‘Nuclear Triad’: Expert

Russia Could Help N. Korea’s Possible Effort to Build ‘Nuclear Triad’: Expert

WASHINGTON, Oct. 19 (Korea Bizwire) — Russia could play a role in facilitating North Korea’s possible effort to establish a “nuclear triad” that consists of three key delivery platforms, a U.S. expert said Thursday. The prediction came amid speculation that Pyongyang may seek military technology assistance from Moscow in return for its alleged delivery of [...]

S. Korea Mulling Sanctions amid Suspected N. Korea-Russia Arms Deal: Minister

S. Korea Mulling Sanctions amid Suspected N. Korea-Russia Arms Deal: Minister

SEOUL, Oct. 19 (Korea Bizwire) — South Korea has no choice but to seek “powerful” sanctions against North Korea and Russia if Moscow provides military technology to Pyongyang in return for a suspected supply of North Korean weapons to Russia, Seoul’s point man on Pyongyang has said. The United States said last week that North [...]

2 Russian Ships Made 5 Trips between N. Korea, Russia since Mid-Aug. in Suspected Arms Transfers: WP

2 Russian Ships Made 5 Trips between N. Korea, Russia since Mid-Aug. in Suspected Arms Transfers: WP

WASHINGTON, Oct. 16 (Korea Bizwire) — Two Russian ships made at least five round trips between North Korea and Russia, beginning mid-August, in what could be arms transfers, the Washington Post reported Monday, citing satellite imagery. Based on analysis by the Royal United Services Institute (RUSI), a London-based think tank, the ships have been travelling [...]