SEOUL, Dec. 5 (Korea Bizwire) — South Korea has become the world’s sixth largest exporter, moving up two notches from 2016, on the back of brisk sales of memory chips and a rally in oil prices, the trade ministry said Tuesday. Exports by Asia’s fourth-largest economy jumped 16.5 percent in the first 11 months of [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea and Russia agreed Wednesday to cooperate closely in exploring Arctic sea routes, the foreign ministry here said. The two countries held their first Arctic Consultation in Seoul earlier in the day, headed by South Korean Amb. for Arctic Affairs Kim Young-jun and his Russian counterpart Amb. Vladimir [...]
SEOUL, Nov. 10 (Korea Bizwire) – International students hailing from ASEAN member countries think South Koreans and their country are “friendly”, “kind”, “hardworking” and “difficult”, according to a joint survey conducted by the ASEAN-Korea Centre and the Korean Institute of Southeast Asian Studies. From March to May, the two organizations spoke to 1,004 South Koreans [...]
JAKARTA, Nov. 9 (Korea Bizwire) — The presidents of South Korea and Indonesia agreed Thursday to upgrade their relations to “special strategic partnership” to push forward all-compassing cooperation in economy, culture, politics and security issues. During their summit, Presidents Moon Jae-in and Joko Widodo also pledged efforts to sharply increase bilateral trade and diversify business [...]
BEIJING, Oct. 26 (Korea Bizwire) — China wants to work with South Korea to overcome the diplomatic challenges facing them in order to restore a friendly relationship, a Chinese foreign ministry spokesman said Thursday. “China wants to overcome, together with South Korea, the obstacles currently facing their bilateral relations,” spokesman Geng Shuang said in a [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korea and Japan agreed Thursday to work together to tackle the increasingly low birthrate trend in a bid to boost the growth potential of two of Asia’s largest economies. Health and Welfare Minister Park Neung-hoo and his Japanese counterpart, Masaji Matsuyama, met in Seoul to discuss the pressing [...]
SEJONG, Oct. 17 (Korea Bizwire) — South Korea’s outbound shipments grew at the fastest pace among the world’s top 10 exporters in the first eight months of the year thanks to an upturn in global demand, data by the World Trade Organization (WTO) showed Tuesday. Exports jumped 16.4 percent on-year to US$375.1 billion over the [...]
SEOUL, Sept. 16 (Korea Bizwire) — President Moon Jae-in suggested Friday that South Korea could go ahead with humanitarian aid to North Korea in a thinly veiled rejection of a call for caution by Japanese Prime Minister Shinzo Abe. Abe asked Moon to consider the timing of the proposed aid during their phone conversation, but [...]
SEOUL, Sept. 16 (Korea Bizwire) — President Moon Jae In said Friday he will halt operations at aged coal power plants on a regular basis during spring while trying to move up their permanent shutdown in an effort to reduce fine dust pollution. Speaking at a ceremony marking the 10th anniversary of a 2007 oil [...]
SEOUL, Sept. 14 (Korea Bizwire) — South Korean President Moon Jae-in ruled out the possibility of redeploying U.S. nuclear weapons in the country Thursday, CNN reported. In an interview with the U.S. cable news channel, he warned it could lead to a nuclear arms race in Northeast Asia. “I do not agree that South Korea [...]