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S. Korean Farmers Welcome Exclusion of Rice, Beef From U.S. Trade Deal

S. Korean Farmers Welcome Exclusion of Rice, Beef From U.S. Trade Deal

SEOUL, July 31 (Korea Bizwire) — South Korean farmers and civic groups on Thursday welcomed the exclusion of rice and beef from the nation’s latest trade deal with the United States. “The government emphasized that there will be no further opening of rice and beef markets,” they said in a statement issued during a rally [...]

South Korean Manufacturing Faces Growing Risk Amid Heavy Reliance on U.S. and China Demand

South Korean Manufacturing Faces Growing Risk Amid Heavy Reliance on U.S. and China Demand

SEOUL, May 22, 2025 (Korea Bizwire) — A new report warns that South Korea’s manufacturing sector remains disproportionately dependent on foreign demand—particularly from the United States and China—raising concerns about economic vulnerability amid ongoing global trade tensions. According to data released Wednesday by the Korea Employers Federation (KEF), 58.4% of South Korea’s manufacturing GDP in [...]

S. Korea, Vietnam Sign MOU on Railway Cooperation: Transport Ministry

S. Korea, Vietnam Sign MOU on Railway Cooperation: Transport Ministry

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 [...]

South Korean Women Surpass Men in University Graduation Rates, Study Finds

South Korean Women Surpass Men in University Graduation Rates, Study Finds

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, [...]

S. Korea-U.S. Alliance Is in ‘Quiet Crisis’: U.S. Expert

S. Korea-U.S. Alliance Is in ‘Quiet Crisis’: U.S. Expert

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 [...]

S. Korea’s Potential Participation in Alaska LNG Project to Look ‘Favorably’ in Tariff Talks with U.S.: Dunleavy

S. Korea’s Potential Participation in Alaska LNG Project to Look ‘Favorably’ in Tariff Talks with U.S.: Dunleavy

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 [...]

Choi Urges Efforts to Prevent Fallout from U.S. Designation of S. Korea as ‘Sensitive’ Country

Choi Urges Efforts to Prevent Fallout from U.S. Designation of S. Korea as ‘Sensitive’ Country

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 [...]

South Korea’s Economy Becoming More Self-Driven, Study Finds

South Korea’s Economy Becoming More Self-Driven, Study Finds

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, [...]

S. Korea May Log Negative Growth from 2050 if Low Birth Rate Continues: BOK Chief

S. Korea May Log Negative Growth from 2050 if Low Birth Rate Continues: BOK Chief

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. [...]

Experts Raise Need to Stress S. Korea’s Contribution to U.S. Economy to Counter Trump’s View on Korea

Experts Raise Need to Stress S. Korea’s Contribution to U.S. Economy to Counter Trump’s View on Korea

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 [...]