GYEONGJU, Oct. 30 (Korea Bizwire) — As South Korea’s ancient city of Gyeongju played host to the Asia-Pacific Economic Cooperation (APEC) CEO Summit this week, one guest drew particular fascination not for his diplomacy, but for his dinner order. U.S. President Donald Trump, who stayed overnight at the Hilton Hotel in Gyeongju during his two-day [...]
SEOUL, Oct. 25 (Korea Bizwire) – United States President Donald Trump has described North Korea as “sort of a nuclear power,” AFP reported Saturday, as he seeks to meet with North Korean leader Kim Jong-un during his ongoing trip to Asia. Trump made the remarks aboard Air Force One en route to Asia, AFP said, [...]
SEOUL, Sept. 22 (Korea Bizwire) — When North Korean leader Kim Jong-un told his parliament last weekend that he still holds a “good memory” of U.S. President Donald Trump, it was more than a nostalgic aside. It was the first public hint in years that Pyongyang could contemplate returning to the table with Washington—provided, Kim [...]
SEOUL, Sept.11 (Korea Bizwire) — South Koreans with children studying in the United States are facing sticker shock after Washington eliminated duty-free exemptions on small parcels, a move that has sent shipping costs soaring and left families questioning whether to send packages at all. Until last month, personal shipments valued under $800 were exempt from [...]
FOLKSTON, Ga. Sept. 9 (Korea Bizwire) — The return of more than 300 South Korean workers detained in last week’s U.S. immigration raid at Hyundai Motor and LG Energy Solution’s joint battery plant is drawing relief in Seoul, but partner companies say their absence has left a gaping hole in the highly specialized construction project. [...]
WASHINGTON, Aug. 26 (Korea Bizwire) — When President Donald J. Trump sat down with South Korean President Lee Jae-myung at the White House on Monday, it did not take long for old ambitions to resurface. Amid the pleasantries of their first summit since Mr. Lee took office in June, Mr. Trump signaled a desire to revive a [...]
WASHINGTON, Aug. 26 (Korea Bizwire) — U.S. President Donald Trump on Monday expressed his hope to meet North Korean leader Kim Jong-un this year, renewing his desire to reengage with the reclusive leader, as he held his first in-person summit with South Korean President Lee Jae Myung in Washington. Sitting next to Lee at the [...]
WASHINGTON, Aug. 7 (Korea Bizwire) – President Donald Trump said Wednesday that his administration will impose a 100% tariff on imported semiconductors, escalating trade tensions and raising fresh concerns for South Korean chipmakers such as Samsung Electronics Co. and SK hynix Inc. The tariff announcement came during a White House event highlighting Apple Inc.’s $100 billion [...]
SEJONG/ SEOUL, August 1 (Korea Bizwire) — South Korea’s top trade negotiator said Friday that further opening of the Korean rice market was not discussed in the recently concluded trade deal with the United States, refuting Washington’s claim on the politically sensitive issue. Finance Minister Koo Yun-cheol, who doubles as deputy prime minister for economic [...]
SEOUL, August 1 (Korea Bizwire) — Unification Minister Chung Dong-young met with the acting U.S. ambassador in Seoul and emphasized the importance of President Donald Trump’s role in building solid peace on the Korean Peninsula. Chung made the remarks during a meeting with acting U.S. Ambassador to South Korea Joseph Yun, as both the Lee [...]