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 [...]
SEOUL, Feb. 14 (Korea Bizwire) – The top diplomats of South Korea, the United States and Japan will hold talks in Munich later this week, Seoul’s foreign ministry said Friday, in what will be their first such trilateral meeting since the launch of the second Donald Trump administration. Foreign Minister Cho Tae-yul will have the [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea is ramping up its global leadership in shipbuilding by forging a new partnership with the United States and advancing next-generation maritime technologies. The government announced plans to establish a cross-departmental task force to strengthen collaboration with Washington, particularly in ship maintenance, repair, and overhaul (MRO), aligning with [...]
SEOUL, Dec. 20 (Korea Bizwire) — Acting President Han Duck-soo said Friday that South Korea is ensuring no gaps in its security amid the ongoing impeachment turmoil by maintaining a watertight readiness posture with its ally the United States. Han made the remark during a meeting of senior government and ruling party officials, which was [...]
SEOUL, Dec. 17 (Korea Bizwire) — South Korea faces tough challenges in advancing its alliance with the United States amid a political crisis from President Yoon Suk Yeol’s martial law decree earlier this month, with less than a month to go before U.S. President-elect Donald Trump’s second term begins. Following last week’s parliamentary vote to [...]