TORONTO, March 7 (Korea Bizwire) — Colliers stands with the people of Ukraine, an independent country, and strongly condemns the invasion by the Russian military. These actions are indefensible and in complete contrast to the principles of democracy and freedom. We fully support all appropriate sanctions enacted by the international community and, in response to [...]
SEOUL, March 7 (Korea Bizwire) — South Korea said Monday it plans to suspend transactions with Russia’s central bank, sovereign wealth funds and another Russian lender as it has joined the global move to impose more financial sanctions against Moscow over its invasion of Ukraine. The government said it will end transactions with the Central [...]
SEOUL, March 7 (Korea Bizwire) — Samsung Electronics Co. said Monday that it has temporarily suspended product shipments to Russia due to major disruptions in global logistics over the unrest over the Russian invasion of Ukraine. “Samsung was forced to stop shipments to Russia due to various factors, including logistics issues and unstable exchange rates, [...]
SEOUL, March 7 (Korea Bizwire) — A number of South Koreans have reportedly volunteered to join Ukraine’s military to fight against Russia’s invasion. The Ukrainian Embassy in South Korea said it is receiving numerous calls about joining the war in Ukraine, most of which turned out to be from South Korean nationals. “We’ve been notifying qualified [...]
SEOUL, March 7 (Korea Bizwire) — South Korea’s foreign ministry on Monday warned of possible prison sentences against its citizens seeking to join Ukraine’s military to fight against Russia’s invasion without due approval from the government. Seoul has banned its nationals from traveling to all regions of Ukraine since mid-February amid safety concerns. Those who [...]
SEOUL, March 4 (Korea Bizwire) — The sports ministers of 26 countries, including South Korea and the United States, agreed to ban athletes from Russia and Belarus from international sports games to be held in their countries as part of sanctions over Russia’s invasion of Ukraine, officials said Friday. The ministers reached the agreement during [...]
SEOUL/WASHINGTON, March 4 (Korea Bizwire) — South Korea won an exemption from the United States’ expanded export restrictions on Russia over its invasion of Ukraine, Seoul’s industry ministry said Friday. The move came as South Korea’s Trade Minister Yeo Han-koo met with senior U.S. officials in Washington on Thursday and the two sides agreed to [...]
SEOUL, March 3 (Korea Bizwire) — Major cryptocurrency exchanges in South Korea have blocked IP addresses from Russia in an effort to join global sanctions against Moscow over its invasion of Ukraine. Upbit, the country’s largest cryptocurrency exchange by transaction, announced Thursday withdrawal requests from Russian IP addresses could be rejected. “We’ve blocked subscriptions by [...]
SEOUL, March 3 (Korea Bizwire) — Personal donations toward helping out the government of Ukraine and its people after Russia’s invasion have gained traction among South Koreans as the attacks reached the end of the first week. The Ukrainian Embassy in South Korea, which announced a special bank account to collect humanitarian donations to assist [...]
WASHINGTON, March 2 (Korea Bizwire) — U.S. Secretary of State Antony Blinken on Wednesday welcomed South Korea’s decision to hold Russia accountable for the invasion of Ukraine. The top U.S. diplomat said Seoul’s actions will illustrate the country’s commitment to preserving the rules-based international order that will help defend the freedom and sovereignty of Ukraine. [...]