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 [...]
SEOUL, Oct. 29 (Korea Bizwire) — South Korea has never provided lethal weapons to Ukraine, President Yoon Suk-yeol said Friday, after Russian President Vladimir Putin warned of negative consequences for the two countries’ relations if Seoul sent arms to Ukraine. Putin said Thursday that he was aware South Korea has decided to supply weapons and [...]
SEOUL, Oct. 1 (Korea Bizwire) — The South Korean government said Saturday it does not recognize Russia’s recent annexation of Ukrainian territory as legitimate while strongly condemning Moscow’s invasion of the eastern European country. On Friday, Russian President Vladimir Putin signed treaties to annex four regions in Ukraine, following referendums in the territory late last [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korea has decided to cancel plans to launch satellites using Russian rockets later this year amid the international community’s sanctions on Russia’s space program over the Ukrainian war, a government document showed Wednesday. The government had planned to launch the Korea Multipurpose Satellite 6, known as the Arirang [...]
SEOUL, July 14 (Korea Bizwire) — North Korea has formally recognized the independence of two pro-Russian separatist “people’s republics” in eastern Ukraine, becoming the world’s third nation to do so, according to the North’s state media Thursday. The North’s Foreign Minister Choe Son-hui sent letters to her counterparts in the Donetsk People’s Republic and the [...]