SEOUL, Sept. 11 (Korea Bizwire) — Samsung Electronics Co. is likely to benefit from U.S. sanctions on Chinese tech titan Huawei Technologies Co. in the long run, analysts here said Friday. The U.S. sanctions, which ban the supply of semiconductors made with American equipment or software to Huawei without prior approval from Washington, are set [...]
SEOUL, Sept. 9 (Korea Bizwire) – Samsung Electronics Co. and other South Korean memory chipmakers will feel the pinch of additional U.S. sanctions on Chinese telecom giant Huawei Technologies Co. that take effect next week, industry sources said Wednesday. The new sanctions, which ban the supply of semiconductors made with U.S. equipment, software and design [...]
SEOUL, Aug. 12 (Korea Bizwire) — A South Korean civic group’s push to barter sugar for North Korean liquors and food products in what would be the first such exchange in a decade is raising both hopes for renewed cross-border engagement and concerns over risks of sanctions violations. Seoul’s unification ministry is weighing whether to [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korea and Iran have agreed to launch a working group on expanding humanitarian trade as part of efforts to maintain bilateral partnership within the scope of a U.S.-approved sanctions exemption, a source close to the matter said Sunday. The director general-level consultation aims to discuss on a regular [...]
SEOUL, Jan. 13 (Korea Bizwire) –- Major South Korean cosmetics and duty-free operators traded higher Monday amid hopes that China may lift its retaliatory economic measures under way for years against Seoul’s decision to deploy a U.S. anti-missile system here. Amorepacific Corp., the country’s top cosmetics maker, closed at 232,000 won(US$200), up 5.22 percent from [...]
SEOUL, Dec. 20 (Korea Bizwire) — Chinese telecommunications behemoth Huawei Technologies Co. on Friday vowed to beef up its business in South Korea by increasing the purchase of parts for its network equipment and smartphones amid continued U.S. sanctions. Karl Song Kai, head of Huawei’s global media and communications, said Huawei also plans to increase [...]
London, Oct. 10 (Korea Bizwire) — Nationalistic US foreign policy, disagreements within the US administration and divergence between the US and Europe will all combine to create a sanctions environment fraught with risk, says the report from global specialist risk consultancy, Control Risks. Adding to the complexity is a growing crop of sanctions regimes being [...]
SEOUL, Jul. 14 (Korea Bizwire) — Japan exported some strategic items and luxury goods to North Korea over the past several years in violation of international sanctions, U.N. reports have shown. According to 10 reports that the U.N. panel of experts wrote between 2010 and 2019, there have been multiple cases where restricted items, including [...]
SEJONG, Feb. 19 (Korea Bizwire) — South Korean companies imported US$101.2 million worth of Iranian crude last month, the first such move in five months, data showed Tuesday. The January figure represents less than one-fifth of $539 million, the average monthly Iranian crude oil imports for the first seven months of 2018, according to the [...]
SEOUL, Nov. 27 (Korea Bizwire) — A majority of South Koreans think it is necessary to ease sanctions on North Korea to accelerate denuclearization of the Korean Peninsula, a survey showed Tuesday. According to the survey of 1,000 adults here by the National Unification Advisory Council, a presidential consultative body mainly on long-term inter-Korean ties, [...]