SEOUL, Oct. 6 (Korea Bizwire) – Hyundai Motor’s sales in Russia have experienced a significant decline for the second consecutive month, sparking renewed speculation about the automaker’s potential withdrawal from the Russian market in the aftermath of the Russia-Ukraine conflict. According to the Association of European Businesses (AEB), Hyundai managed to sell a mere 10 vehicles [...]
MOSCOW/SEOUL, Sept. 25 (Korea Bizwire) — A Russian company will purchase Hyundai Motor Co.’s manufacturing plant in St. Petersburg, which has been dormant since March 2022, Russian media reported Monday citing its industry minister. The deal will include a two-year option for the South Korean automaker to repurchase the facility, according to TASS and RIA [...]
SEOUL, Sept. 26 (Korea Bizwire) — North Korea is scheduled to convene a key parliamentary meeting Tuesday amid keen attention over whether its leader Kim Jong-un will attend it to deliver any message related to his latest summit with Russian President Vladimir Putin. North Korea earlier announced its plan to hold the ninth session of [...]
SEOUL, Sept. 25 (Korea Bizwire) — North Korea on Monday lambasted South Korean President Yoon Suk Yeol for making “hysterical” remarks after he warned against possible military cooperation between Pyongyang and Moscow last week. Yoon said in a U.N. General Assembly speech that any arms deal between Pyongyang and Moscow would be considered a “direct [...]
WASHINGTON, Sept. 20 (Korea Bizwire) — Two U.S. lawmakers have introduced a bill calling for the expansion of sanctions against North Korea’s support for Russia’s war in Ukraine, a congressional website showed Wednesday. On Monday, Reps. Gerry Connolly (D-VA) and Joe Wilson (R-SC) introduced the bill, entitled “To provide for the imposition of sanctions with [...]
NEW YORK/SEOUL, Sept. 21 (Korea Bizwire) — President Yoon Suk Yeol issued a stark warning against military cooperation between North Korea and Russia on Wednesday (U.S. time), saying any arms deal between the two countries would be considered a “direct provocation” against South Korea. Yoon made the remark during a keynote address to the U.N. [...]
WASHINGTON, Sept. 20 (Korea Bizwire) — The United States is trying to stop North Korea’s potential arms support to Russia “wherever we can,” its top diplomat said Wednesday, as last week’s summit between the two isolated regimes deepened concerns about their military cooperation. Speaking in an interview with broadcaster NBC, Secretary of State Antony Blinken [...]
SEOUL, Sept. 20 (Korea Bizwire) — The Russian Embassy in Seoul on Wednesday dismissed reports that Moscow and Pyongyang discussed military cooperation at last week’s bilateral summit. On Tuesday, Seoul’s foreign ministry summoned Russian Ambassador Andrey Kulik over Moscow’s alleged discussions of military cooperation with Pyongyang during the summit between North Korean leader Kim Jong-un [...]
SEOUL, Sept. 20 (Korea Bizwire) — A special train carrying North Korean leader Kim Jong-un has arrived in Pyongyang after traveling to Russia for his summit with Russian President Vladimir Putin, the North’s state media reported Wednesday. Kim arrived in Pyongyang on Tuesday evening after completing “immortal external revolutionary activities” that will be recorded in [...]
SEOUL, Sept. 19 (Korea Bizwire) — Leader Kim Jong-un has crossed back into North Korea after a trip to Russia that “opened a new chapter” for the development of the bilateral relations between the two nations, Pyongyang’s state media reported Tuesday. Kim passed through the Tumangang Railway Station on the border between the two countries [...]