SEOUL, Dec. 11 (Korea Bizwire) — South Korea and the United States have agreed to reduce inconveniences South Korean travelers experience when entering the U.S. mainland, the transport ministry said Wednesday. In its annual aviation security meeting held in Washington last week, the Ministry of Land Infrastructure and Transport said it signed a “joint statement” [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korea’s state-run Korea Gas Corp. signed a deal to import an additional US$9.6 billion worth of liquefied natural gas (LNG) from the United States for up to 18 years, in line with efforts to expand ties with the world’s top economy in the energy segment, Seoul’s trade ministry [...]
SEOUL, Sept. 5 (Korea Bizwire) — A unit of state-run Korea Electric Power Corp. (KEPCO) said Thursday that a US$1.05 billion project to build a gas power plant in the U.S. has begun, with completion eyed for 2022. The Korea Southern Power Co. (KOSPO) will operate the 1,085-megawatt capacity gas power plant in Niles, a [...]
SEOUL, Jun. 26 (Korea Bizwire) — A new school curriculum on the Korean War has been published for elementary, middle, and high schools in the United States. The Korean War Legacy Foundation, a non-profit organization in the U.S., announced the release of the new compilation of the Korean War jointly with the National Council for [...]
SEOUL, May 14 (Korea Bizwire) — Lotte Group, South Korea’s retail-to-chemicals conglomerate, has been accelerating its move to tap deeper into the United States, the world’s largest economy, with its cumulative investments reaching some US$4 billion in production facilities and other areas, industry sources said Tuesday. In its latest investment, Lotte Chemical Corp., the group’s [...]
SEOUL, Sept. 27 (Korea Bizwire) — With U.S. President Donald Trump continuing to push to implement policies to export liquefied natural gas (LNG), South Korea was found to be the largest importer of American LNG this year. According to a recent report released by the U.S. Energy Information Administration (EIA), the total amount of LNG [...]
SEOUL, Apr. 27 (Korea Bizwire) — South Korea’s pharmaceutical giant Celltrion has become a strong competitor to European and U.S. drugs with its biosimilars, indicated by changes in sales, industry officials said Friday. Multinational drugmaker Roche logged a 44 percent fall in sales of Mabthera, an antibody used to treat rheumatoid arthritis, lymphoma and some [...]
SEOUL, Feb. 12 (Korea Bizwire) — South Korea’s trade surplus with the United States dropped 17 percent on-year in 2017, despite the fact that no changes have yet been made to the free trade pact that Washington claims unfairly favors Seoul, market watchers said Sunday, citing official data. Observers said trade numbers released by the [...]
NEW YORK, Nov. 27 (Korea Bizwire) — BNP Paribas announces a new joint initiative between its Corporate and Institutional Banking (CIB) and Bank of the West Commercial Banking Group (CBG) to offer Mergers and Acquisitions (M&A) services to Bank of the West commercial clients. This new initiative will provide tailored M&A advice and solutions for [...]
SEOUL, Aug. 8 (Korea Bizwire) — South Korea may be hit hardest if the United States turns up the heat on China over trade issues as Seoul vies fiercely with Beijing for a bigger slice of the U.S. market, a report said Tuesday. The Korea International Trade Association (KITA) claimed in the report that Washington [...]