SEOUL, Nov. 27 (Korea Bizwire) – A second Trump administration could reshape the global automotive industry into an oligopolistic structure, with only a few dominant players surviving based on their hybrid vehicle technology, U.S. production capacity, and ability to benefit from sanctions against China, industry analysts say. Industry analysts expect traditional automakers to face a survival-of-the-fittest [...]
SEOUL, Nov. 27 (Korea Bizwire) — The presidential office plans to hold an emergency meeting Wednesday to discuss responses to U.S. President-elect Donald Trump’s proposal to impose tariffs on three trading partners, a senior presidential official said. The meeting comes after Trump said on social media that he will use an executive order to levy [...]
SEOUL, Nov. 27 (Korea Bizwire) – A new survey has revealed that more than three-quarters of South Korean mid-sized companies anticipate increased economic uncertainty when Donald Trump returns to the White House, highlighting growing concerns about potential shifts in U.S. trade and economic policies. The Federation of Middle Market Enterprises of Korea (FOMEK) released the findings [...]
SEOUL, Nov. 13 (Korea Bizwire) – Lee, a 32-year-old office worker from Incheon, has been waking up in the middle of the night to check his investment portfolio, often exclaiming “Thank you, Musk” before falling back asleep. His enthusiasm stems from a remarkable turnaround in his 10-million-won investment in Tesla, which had previously plunged 30% amid [...]
SEOUL, Nov. 12 (Korea Bizwire) – A new report suggests that South Korean companies should proactively secure logistics infrastructure in the southeastern United States and along the U.S. borders with Canada and Mexico, anticipating these regions’ emergence as key global supply chain hubs under a potential second Trump administration. The Korea Chamber of Commerce and Industry [...]
WASHINGTON, Nov. 11 (Korea Bizwire) — A robot dog, made by a subsidiary of South Korea’s Hyundai Motor Group, has been deployed to beef up security at U.S. President-elect Donald Trump’s property in Florida, according to a news report. Made by Boston Dynamics, the remote controlled, four-legged robot was seen patrolling the sprawling Mar-a-Lago estate [...]
SEOUL, Nov. 7 (Korea Bizwire) – The global automotive industry faces significant changes and uncertainties following Donald Trump’s election as the 47th president of the United States on November 6. Hyundai Motor Group, which has relied heavily on U.S. exports for its performance, is particularly on alert as Trump has promised to prioritize domestic industries, strengthen [...]
SEOUL, Nov. 7 (Korea Bizwire) — President Yoon Suk Yeol held a phone call with U.S. President-elect Donald Trump on Thursday to congratulate him on his “landslide victory,” and they agreed to hold an in-person meeting at an early date, according to Yoon’s office. Yoon congratulated Trump on his victory with the “Make America Great [...]
WASHINGTON, Nov. 6 (Korea Bizwire) — South Korea has sent its top envoy to the United States to U.S. President-elect Donald Trump’s Mar-a-Lago home in Florida, according to officials Thursday. Ambassador Cho Hyun-dong’s visit to Trump’s home in Palm Beach follows Trump’s election win Wednesday. Cho plans to meet with people from Trump’s camp as [...]
SEOUL, July 20(Korea Bizwire) – Former President Donald Trump showcased his personal rapport with North Korean leader Kim Jong-un during his acceptance speech for the GOP nomination for the November 5 presidential election. Speaking on the final day of the Republican National Convention in Milwaukee, Trump suggested that Kim might prefer his return to office and [...]