BOSTON, March 1 (Korea Bizwire) — TIS, a global leader in enterprise B2B payments, today announced a new initiative to help international businesses mitigate the impact of recent sanctions levied against Russia’s banking community and political elite. Following Russia’s invasion of Ukraine, the political leadership of many NATO, European, and North American nations have agreed [...]
SEOUL, March 1 (Korea Bizwire) — South Korea said Tuesday it plans to suspend financial transactions with seven major Russian banks and their affiliates in a bid to join global efforts to impose financial sanctions against Moscow over its attack on Ukraine. The government said it will also “strongly” recommend local public and financial institutions [...]
SEOUL, March 1 (Korea Bizwire) — The South Korean curling governing body announced Tuesday its teams will boycott all upcoming matches against Russia following the country’s invasion of Ukraine, joining a slew of others in the sporting world in protesting the military action by Moscow. In an English-language statement, the Korea Curling Federation (KCF) said [...]
SEOUL, Feb. 28 (Korea Bizwire) — Civic activists and ordinary citizens held a rally in front of the Russian Embassy in central Seoul on Monday to condemn Russia’s invasion of Ukraine and to call for a peaceful resolution of the situation. Activists representing about 400 civic groups, including People’s Solidarity for Participatory Democracy and the [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Korea on Monday granted Ukrainians in South Korea stay extensions on humanitarian grounds in the wake of Russia’s invasion of the Eastern European nation, the justice ministry said. The measure will apply to 3,843 registered Ukrainian nationals, and if they wish to remain in South Korea after the [...]
SEOUL, Feb. 27 (Korea Bizwire) — Around 300 people, including Ukrainians living in South Korea and their supporters, on Sunday staged a rally to protest against Russia’s invasion of Ukraine. Carrying Ukrainian flags and signs reading “Stop Putin” and “Stop the War” in front of the Russian Embassy, they chanted slogans like “Do not kill [...]
SEOUL, Feb. 26 (Korea Bizwire) — The top diplomats of South Korea and the United States on Saturday “strongly condemned” Russia’s invasion of Ukraine and reaffirmed their support for Ukraine, the foreign ministry here said. In their phone talks, Foreign Minister Chung Eui-yong and U.S. Secretary of State Antony Blinken reiterated their “steadfast support” for [...]
SEOUL, Feb. 26 (Korea Bizwire) — The Korean Embassy in Kyiv called Friday on its last remaining citizens in Ukraine to prepare for emergency situations as Russian forces are waging attacks on multiple fronts on Ukraine. “There is a growing possibility of various chaotic situations in Kyiv and other major cities, including the cutting off [...]
SEOUL, Feb. 25 (Korea Bizwire) — Ukraine’s ambassador to Seoul called Friday for South Korea and other partners to stand united in sanctioning and isolating Russia for its invasion of his country, saying the “future of the world order” is at stake in the armed conflict. Ambassador Dmytro Ponomarenko used a press conference in Seoul [...]
SEOUL, Feb. 25 (Korea Bizwire) — South Korean chipmakers will be affected by export controls that Washington imposed on Russia over the Ukraine crisis, but the impact is not likely to be significant, experts said Friday. The U.S. Commerce Department announced new sanctions Thursday that it said “will severely restrict Russia’s access to technologies and [...]