SEOUL, Nov. 11 (Korea Bizwire) – South Korea directed 43% of its overseas investments to the United States last year, marking the highest proportion since 1988, as bilateral trade relations reached new heights. The surge comes amid record trade surpluses with the U.S., where intermediate goods like raw materials and components account for half of South [...]
SEOUL, Oct. 30 (Korea Bizwire) – With the U.S. presidential election just a week away, American protectionist policies appear to be intensifying, creating complex calculations for South Korean companies trying to maintain their competitive edge in a rapidly evolving global market. While U.S.-China tensions are expected to continue regardless of who wins, the candidates’ divergent approaches [...]
WASHINGTON, Oct. 2 (Korea Bizwire) — South Korean and U.S. officials on Wednesday expressed strong confidence over the present and future of the two countries’ evolving alliance, calling it “ironclad” and “unwavering,” as they celebrated the Korean National Day and Armed Forces Day in Washington on Wednesday. Their paean for the decadesold alliance came as [...]
WASHINGTON, Aug. 15 (Korea Bizwire) — A White House official on Thursday suggested the possibility of holding a trilateral summit among the leaders of South Korea, the United States and Japan by the end of this year, following the historic Camp David summit last year. Mira Rapp-Hooper, the senior director for East Asia and Oceania [...]
WASHINGTON, Jun. 26 (Korea Bizwire) — South Korea, the United States and Japan underscored their commitment to enhancing three-way cooperation on critical technologies, supply chains and other areas of economic security as they held their first trilateral ministerial meeting on the issue in Washington on Wednesday. South Korean Industry Minister Ahn Duk-geun, U.S. Commerce Secretary [...]
SEOUL, Jun. 10 (Korea Bizwire) — South Korea’s exports to the United States exceeded those to China so far this year, data showed Monday, raising the possibility that the U.S. could be the top export destination for South Korea for the first time in 22 years. Outbound shipments to the U.S. amounted to $53.3 billion [...]
SEOUL, Apr. 18 (Korea Bizwire) — Senior trade officials from South Korea and the United States discussed preparations for the upcoming three-way talks of industry chiefs with Japan, Seoul’s industry ministry said Thursday. The discussion was made as Deputy Minister for Trade Yang Byeong-nae met with officials from the U.S. Department of Commerce and the [...]
WASHINGTON, Mar. 6 (Korea Bizwire) — U.S. officials’ recent focus on the idea of “interim steps” for a path towards North Korea’s ultimate denuclearization is raising a flurry of questions about their intentions and the direction of America’s policy on the recalcitrant regime. The idea has come into the spotlight in South Korea as some [...]
WASHINGTON, Jan. 29 (Korea Bizwire) — North Korea’s bellicose rhetoric, persistent weapons tests and pursuit of sturdier military ties with Russia are raising questions over whether it is time for the United States to recalibrate its policy and take a more creative approach. After taking office in early 2021, the Joe Biden administration unveiled a [...]
WASHINGTON, Jan. 14 (Korea Bizwire) — As the U.S. presidential race officially kicks off this week, global attention is gravitating to the outlook for America’s post-election foreign policy that would have profound implications for its alliances, approach to North Korea and rivalry with China. The White House race is set to begin on Monday with [...]