SEOUL, March 31 (Korea Bizwire) — South Korea will share its railroad construction technologies and experience with Vietnam as part of bilateral railway cooperation with the Southeast Asian nation, Seoul’s transport ministry said Monday. At a joint forum on the railway industry in Hanoi, the two countries signed a memorandum of understanding for cooperation ranging [...]
SEOUL, March 28 (Korea Bizwire) — A new government study has revealed that South Korean women born in the 1980s and later have achieved higher rates of tertiary education than their male counterparts, marking a significant shift in educational demographics. The research, released on March 27 by Statistics Korea’s Statistics Research Institute, examines educational attainment, [...]
WASHINGTON, March 27 (Korea Bizwire) — The alliance between South Korea and the United States is in a “quiet crisis,” a prominent U.S. expert said Thursday, pointing to a series of recent developments, including the absence of leader-level contact and Seoul’s exclusion from the Pentagon chief’s ongoing Indo-Pacific trip. Victor Cha, Korea Chair at the [...]
SEOUL, March 27 (Korea Bizwire) — South Korea’s possible participation in the Alaska liquefied natural gas (LNG) project will likely be viewed “favorably” in tariff negotiations with the Donald Trump administration, Alaska’s governor has said. Alaska Gov. Mike Dunleavy made the remarks in a roundtable interview with Yonhap News Agency and other news outlets on [...]
SEOUL, March 17 (Korea Bizwire) — Acting President Choi Sang-mok on Monday instructed the government to engage with the United States to prevent any adverse impact on energy cooperation following Washington’s designation of South Korea as a ”sensitive” country. The U.S. Department of Energy (DOE) under the previous Joe Biden administration made the designation in January [...]
SEJONG, South Korea, March 14 (Korea Bizwire) — South Korea’s economy is increasingly influenced by domestic factors rather than global conditions, signaling a shift toward self-driven growth and stability, according to a new report from the Korea Institute for International Economic Policy (KIEP). The study, released on Thursday by KIEP’s International Macroeconomics and Finance Division, [...]
SEOUL, March 14 (Korea Bizwire) — The chief of the South Korean central bank warned Friday the current level of ultra-low birth rate will cause South Korea to log negative economic growth after 2050, calling for measures to ease intense competition and burdens regarding employment, housing and child care. The Bank of Korea (BOK) Gov. [...]
WASHINGTON, March 6 (Korea Bizwire) — Experts underscored the need Thursday to crank up diplomacy to pitch South Korea’s contribution to the U.S. economy to counter President Donald Trump’s apparently negative perception of the Asian ally as a trading partner, though the absence of leader-to-leader engagement remains an onerous hurdle to that effort. They advised [...]
SEOUL, March 5 (Korea Bizwire) — South Korea’s economy grew 2 percent last year, matching an earlier estimate, amid slowing export growth, sagging domestic demand and a political crisis, central bank data showed Wednesday. The country’s real gross domestic product (GDP) — a key measure of economic growth — increased 2 percent last year, in [...]
TOKYO, Feb. 13 (Korea Bizwire) – South Korea, China and Japan are close to finalizing the arrangements to hold a trilateral meeting of their top diplomats late next month, a report said Thursday. The meeting, set to be held in Tokyo, is most likely to take place March 22, Japan’s Asahi Shimbun daily reported, citing [...]