SEOUL, April 22 (Korea Bizwire) – Finance Minister Choi Sang-mok said Tuesday that his upcoming trade talks with the Donald Trump administration will help pave the way for renewed discussions on strengthening the South Korea-U.S. alliance. Choi, who doubles as deputy prime minister for economic affairs, made the remark as he headed to the United [...]
SEOUL, April 16 (Korea Bizwire) – Acting President Han Duck-soo said Wednesday that strengthening shipbuilding cooperation with the United States could provide an opportunity for the South Korean shipbuilding industry to “make a leap forward.” Han made the remark during his visit to HD Hyundai Heavy Industries (HHI) Co.’s shipyard in Ulsan, 305 kilometers southeast [...]
INCHEON, April 11 (Korea Bizwire) — The United States has expressed a willingness to handle the tariff negotiations with South Korea and Japan as smoothly as possible, Seoul’s Trade Minister Cheong In-kyo said Friday, describing the U.S.’ openness as a key outcome of his visit to Washington. “We held various discussions aimed at ensuring smooth [...]
LOS ANGELES, April 11 (Korea Bizwire) — In a bustling Korean barbecue restaurant in Los Angeles, six local American customers recently wrapped grilled short ribs in perilla leaves with garlic and doenjang, the traditional soybean paste. For restaurant owner and Korean food advocate Lim Jong-taek, it was a moment of quiet triumph. “I was so [...]
WASHINGTON, April 3 (Korea Bizwire) — The White House confirmed Thursday that the United States will impose a 26 percent reciprocal tariff on imports from South Korea, after questions emerged over the difference between what President Donald Trump presented during a public event and what is written in an official document. During a Rose Garden [...]
BRUSSELS, April 3 (Korea Bizwire) — The top diplomats of South Korea, the United States and Japan met for talks in Brussels on Thursday, a day after U.S. President Donald Trump announced sweeping global tariffs. The talks between Foreign Minister Cho Tae-yul, and his U.S. and Japanese counterparts, Marco Rubio and Takeshi Iwaya, respectively, took [...]
SEOUL, April 1 (Korea Bizwire) — The United States appears to have unexpectedly included South Korea’s defense offset program in an annual trade barrier report in a bid to possibly use it as a bargaining chip for future defense trade deals with Seoul, observers said Tuesday. On Monday, the Office of the U.S. Trade Representative [...]
WASHINGTON, March 27 (Korea Bizwire) — The alliance between South Korea and the United States is in a “quiet crisis,” a prominent U.S. expert said Thursday, pointing to a series of recent developments, including the absence of leader-level contact and Seoul’s exclusion from the Pentagon chief’s ongoing Indo-Pacific trip. Victor Cha, Korea Chair at the [...]
SEOUL, March 28 (Korea Bizwire) – Among 2,047 high-ranking South Korean officials required to disclose their assets, many have significant holdings in major international technology companies, according to government records released on March 27. Deputy Prime Minister and Finance Minister Choi Sang-mok invested nearly 200 million won in 30-year U.S. Treasury bonds last year, while [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korean retail investors’ holdings in U.S. stocks have surpassed $100 billion for the first time, as a new survey reveals that corporate innovation remains the primary attraction driving Korean investors toward American capital markets. According to a survey released on February 23 by the Korea Chamber of Commerce and [...]