SEOUL, May 29 (Korea Bizwire) – The government is currently asking the United States to provide information to South Korean visa applicants regarding the reported suspension of new student visa interviews, the foreign ministry said Thursday. Foreign ministry spokesperson Lee Jae-woong made the remarks during a press briefing, a day after reports emerged that the [...]
SEOUL, May 27, 2025 (Korea Bizwire) — As the United States intensifies its efforts to curb China’s shipbuilding dominance, global shipping giants are increasingly turning to South Korean shipyards for new vessel orders, according to industry sources and reporting by TradeWinds. Germany’s Hapag-Lloyd, the world’s fifth-largest container shipping line, had been considering placing new orders [...]
SEOUL, May 21 (Korea Bizwire) — Celltrion Inc., a leading South Korean biopharmaceutical company, said Wednesday it expects limited impact from recent U.S. policy developments stemming from a drug pricing executive order signed by President Donald Trump. Last week, Trump announced an executive order introducing a most-favored nation (MFN) pricing model, intended to align U.S. [...]
SEOUL, May 2 (Korea Bizwire) – South Korea will continue to engage the United States in discussions over the latter’s new tariff schemes, Trade Minister Cheong In-kyo said Friday, stressing that any progress in those talks will provide a basis for the country’s incoming administration to build on. Cheong’s remarks come one day after former [...]
SEOUL, April 30 (Korea Bizwire) — Finance Minister Choi Sang-mok said Wednesday that South Korea is not hurrying to conclude trade negotiations with the United States ahead of its upcoming presidential election, noting that recent remarks by U.S. Treasury Secretary Scott Bessent were not specifically directed at Seoul. His comments came after Bessent on Tuesday [...]
WASHINGTON, April 29 (Korea Bizwire) — U.S. Treasury Secretary Scott Bessent said Tuesday that he can see the contours of a trade deal with South Korea “coming together,” as Seoul is seeking to secure exemptions and exceptions from the Trump administration’s “reciprocal” and sectoral tariffs. During a press conference, Bessent also claimed that South Korea [...]
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 [...]