SEOUL, Nov. 1 (Korea Bizwire) — South Korea has signed a U.N. agreement on promoting the conservation and sustainable use of marine biological diversity of areas beyond national jurisdiction, joining the multilateral initiative to better protect the sea and marine ecosystem, the foreign ministry said Wednesday. South Korea became the 83rd signatory to the Agreement [...]
SEJONG, Nov. 1 (Korea Bizwire) — South Korea’s exports moved up on-year for the first time in 13 months in October, driven by robust automobile shipments, along with signs of improvement in the chip sector, data showed Wednesday. Outbound shipments moved up 5.1 percent on-year to US$55 billion last month, according to the data compiled [...]
SEOUL, Oct. 26 (Korea Bizwire) — The Surpeme Court ruled Thursday that a 14th-century Korean Buddhist statue, which had been taken to Japan but was brought back to Korea by thieves in 2012, should be returned to Japan, upholding a lower court’s decision. The decision centers on a 50.5-centimeter-tall Buddhist statue from the Goryeo Dynasty [...]
SEOUL, Oct. 25 (Korea Bizwire) — The ruling and the main opposition parties denounced Japan’s territorial claims over South Korea’s easternmost islets of Dokdo on Wednesday as they marked “Dokdo Day.” “While the reestablishment of a future-oriented relationship between South Korea and Japan has opened discussions for cooperation in fields such as security and economy, [...]
SEJONG, Oct. 25 (Korea Bizwire) — South Korea plans to expand ties with Canada in the battery sector amid the U.S. protectionism policy that gives incentives to electric cars produced in North America, a senior trade official said Wednesday. Deputy Minister for Trade Yang Byeong-nae made the remark during his meeting in Seoul with his [...]
SEOUL, Oct. 24 (Korea Bizwire) — South Korea’s industry ministry said Tuesday the government has formally accepted an agreement by the World Trade Organization (WTO) aimed at banning subsidies for illegal fishing. The agreement centers on prohibiting subsidies that contribute to overfishing and other illegal, unregulated fishing so as to ensure the sustainability of fish [...]
RIYADH, Oct. 23 (Korea Bizwire) — South Korean President Yoon Suk Yeol met Monday with a group of business executives accompanying him on his state visit to Saudi Arabia and renewed his pledge to be a “salesperson” for South Korean companies on the global stage. During a dinner meeting at a Riyadh hotel, Yoon met [...]
SEOUL, Oct. 24 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it has discussed measures to expand cooperation in trade, carbon neutrality and other areas with Vietnam. First Vice Industry Minister Jang Young-jin met Tran Tuan Anh, who heads the Central Economic Committee of the Communist Party of Vietnam, to share ideas on ways [...]
RIYADH, Oct. 22 (Korea Bizwire) — South Korea and Saudi Arabia will sign 51 deals and memorandums of understanding (MOU) worth a total of US$15.6 billion on the occasion of South Korean President Yoon Suk Yeol’s state visit to the Arab country, his office said Sunday. Most of the agreements were signed Sunday during a [...]
SEOUL, Oct. 20 (Korea Bizwire) — The South Korean economy is forecast to be on a recovery track next year but the pace will be “very gradual” as China’s significant economic slowdown and a recession in the United States would hinder the growth of its exports, a senior Fitch Ratings analyst said Friday. Jeremy Zook, [...]