SEOUL, Sept. 13 (Korea Bizwire) — North Korean leader Kim Jong-un and Russian President Vladimir Putin were set to hold a rare summit in Russia, with the two isolated leaders expected to advance an arms negotiation and bolster military cooperation. Analysts have predicted that North Korea may agree to supply Russia with ammunition and weaponry [...]
SEOUL, Sept. 11 (Korea Bizwire) — South Korea’s defense ministry said Monday it sees the “possibility” of a summit between North Korean leader Kim Jong-un and Russian President Vladimir Putin, amid speculation about Kim’s possible trip to Russia. The assessment by defense ministry spokesperson Jeon Ha-kyu came amid media reports that Kim and Putin could [...]
SEOUL, June 15 (Korea Bizwire) — The Russian claim that South Korea was sending military support to Ukraine has been proven false. The Russian Embassy in North Korea recently shared a photo on its social media account showing howitzer shells labeled “155mm howitzer TNT.” They alleged that South Korean weapons were being used to harm [...]
SEOUL, April 25 (Korea Bizwire) — The Russian government has expressed its gratitude to South Korea for rescuing 21 sailors from a Russian fishing boat that recently caught fire in waters off Busan, the Korea Coast Guard (KCG) said Tuesday. The KCG said it has received letters of appreciation from the Russian Embassy in Seoul [...]
SEOUL, April 12 (Korea Bizwire) —South Korea has reportedly agreed to provide the United States with artillery shells on a “loan” basis in support of Ukraine, according to government and defense industry sources. The move is seen as a way for South Korea to show its support for Ukraine and assist its ally, the United [...]
SEOUL, March 3 (Korea Bizwire) — Bodyfriend Inc., a South Korean massage chair maker has inked a deal with a Russian household appliances company to sell its latest massage chairs in Russia, the company said Friday. Bodyfriend agreed to sell its Davinci massage chairs to a major Russian household appliance maker and retailer operating around [...]
SEOUL, Jan. 25 (Korea Bizwire) — Nine North Korean workers dispatched to Russia for dollar earnings defected to South Korea late last year amid Moscow’s protracted war with Ukraine, according to a professor in the South on Wednesday. The North Koreans, all men aged between 20s and 50s, came to the South in December 2022 [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea has voted in favor of a United Nations resolution on the human rights situation in the Russian-occupied Crimea on Thursday (New York time) in a shift of its position on the matter. The U.N. General Assembly adopted the resolution on the human rights situation in Crimea, which [...]
SEOUL, Nov. 30 (Korea Bizwire) — South Korean petrochemical companies have diversified their naphtha import channels this year amid international sanctions on Russia following its invasion of Ukraine. According to the Korea Petrochemical Industry Association, the nation’s naphtha imports from Moscow stood at 1.92 million tons in the first ten months of this year, down [...]
SEOUL, Nov. 1 (Korea Bizwire) — South Korea’s Hyundai Motor Group is agonizing over the Russian market amid the prolonged Ukraine war. Hyundai Motor Co. and its affiliate Kia Corp. still remain silent about the potential of withdrawing from the Russian market. “The volatility of the Russian business could deepen and the Russian car market [...]