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Trump Faces Criticism After Accusing South Korea of Not Paying Fair Share

Trump Faces Criticism After Accusing South Korea of Not Paying Fair Share

SEOUL, May 2 (Korea Bizwire) – Trump is facing criticism in South Korea after a recent interview with Reuters in which he expressed a desire for the East Asian country to pay for the expenses of deploying a THAAD missile defense system, with some critics accusing the U.S. President of ignoring South Korea’s contribution, including damage [...]

S. Korea to Suffer $17 Billion Loss in Exports If FTA with U.S. Renegotiated

S. Korea to Suffer $17 Billion Loss in Exports If FTA with U.S. Renegotiated

SEOUL, May 2 (Korea Bizwire) – South Korea’s exports to the United States are expected to suffer losses as much as US$17 billion over five years if the two nations renegotiate a bilateral free trade deal, according to a report on Sunday.  South Korea’s businesses remain concerned after U.S. President Donald Trump told Reuters in an interview last week that he will either renegotiate or scrap the free trade deal with South Korea, calling it “horrible.” If tariff [...]

Xi Jinping’s Korea Blunder Latest Example of Chinese Revisionism

Xi Jinping’s Korea Blunder Latest Example of Chinese Revisionism

CHINA, Apr. 21 (Korea Bizwire) — U.S. President Donald Trump’s remarks in an interview with the Wall Street Journal after a recent meeting with Chinese president Xi Jinping that “Korea actually used to be a part of China” have come under fire. Questions mounted over Xi’s comments during a briefing held by the Chinese Foreign Ministry. [...]

Trump to Sign Executive Order Directing Comprehensive Review of Major Causes of Trade Deficits

Trump to Sign Executive Order Directing Comprehensive Review of Major Causes of Trade Deficits

WASHINGTON, March 31 (Korea Bizwire) — U.S. President Donald Trump will sign an executive order directing a comprehensive review of major sources of trade deficits, officials said, as they named South Korea one of the 16 countries the U.S. runs large deficits with. The executive order calls for the Department of Commerce and the U.S. [...]

Trump Administration Mulling over New Measures to Deal with North Korea

Trump Administration Mulling over New Measures to Deal with North Korea

WASHINGTON, March 21 (Korea Bizwire) – The United States is looking at new “diplomatic, security and economic measures” to deal with the growing nuclear and missile threats from North Korea, the White House said Tuesday. “The United States in coordination with our allies is exploring a new range of diplomatic, security and economic measures in [...]