SEOUL, Sept. 12 (Korea Bizwire) — More than 300 South Korean workers detained in a sweeping U.S. immigration raid have been released a week after their arrest, bringing relief to families and easing fears that the dispute could further strain bilateral ties. On Thursday, buses carrying the workers left an Immigration and Customs Enforcement (ICE) [...]
SEOUL, Sept. 12 (Korea Bizwire) — South Korea’s corporate sector is bracing for a slowdown in U.S. investment following the detention of more than 300 Korean nationals in an immigration raid, a crisis that has already disrupted battery factory construction and cast doubt over high-profile bilateral projects. The most immediate impact has fallen on HL-GA, [...]
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 [...]
SEOUL, Sept. 9 (Korea Bizwire) — President Lee Jae Myung said Tuesday he feels heavy responsibility over the detention of South Korean workers at a battery plant construction site in Georgia by U.S. immigration authorities, offering his deep sympathy. Lee made the remarks at a Cabinet meeting as more than 300 South Koreans have been [...]
SEJONG, Sept. 9 (Korea Bizwire) — The Trump administration has stepped up efforts to enlist South Korea’s nuclear industry in its ambitious plan to launch 10 new large-scale reactors by 2030, underscoring Washington’s dependence on foreign builders to revive a domestic sector weakened by decades of dormancy. According to government and industry officials, U.S. Deputy [...]
WASHINGTON, Sept. 5 (Korea Bizwire) — Government and industry experts from South Korea, the United States and Japan met in Seoul and Tokyo this week to discuss quantum industrial security, the State Department said Friday, as the countries are deepening cooperation in securing critical technologies. They held a trilateral workshop on the topic in Seoul [...]
SEOUL, Sept. 4 (Korea Bizwire) — LG Electronics Inc. has recently won a major deal in the United States to supply cooling solutions to artificial intelligence (AI) data centers, the company’s head said Thursday. Cho Joo-wan, chief executive officer (CEO) of LG Electronics, made the remark in a social media post, marking the first time [...]
SEOUL, Sept. 3 (Korea Bizwire) — Korean e-commerce platforms are bracing for shifting consumer behavior after the United States scrapped its longstanding tax exemption on small imports, a move that effectively raises prices for American shoppers buying Korean products. Since Aug. 29, parcels valued under $800 — previously exempt from import duties — have been [...]
SEOUL, Aug. 13 (Korea Bizwire) — HD Hyundai, South Korea’s leading shipbuilding group, said Wednesday that senior government officials from South Korea and the United States visited its shipyard to discuss ways to expand bilateral cooperation in the shipbuilding sector ahead of a summit between their top leaders. Foreign Minister Cho Hyun; Joseph Yun, acting [...]
SEJONG, Aug. 7 (Korea Bizwire) — South Korea will work to bolster its communication with the United States on sanitary and phytosanitary procedures (SPS) for agricultural imports as part of efforts to improve trade conditions between the two countries, the agriculture minister said Thursday. “That is why we are newly creating the U.S. desk under [...]