SEOUL, Apr. 18 (Korea Bizwire) — South Korea will administer US$200 million in humanitarian assistance for Ukraine this year as part of its pledged aid package worth $2.3 billion for its recovery efforts following its war with Russia, Seoul’s finance minister has said. Finance Minister Choi Sang-mok presented the plan during the Ukraine roundtable held [...]
WASHINGTON, Mar. 25 (Korea Bizwire) — U.S. think tank experts floated the idea Monday of the United States tapping into South Korea’s 105 millimeter munitions stockpile to support Ukraine’s fight against Russia, as Kyiv urgently needs artillery ammunition supplies in the ongoing war of attrition. Mark Cancian, a senior adviser at the Center for Strategic [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea has joined a multinational donor group that coordinates financial assistance and reconstruction plans for Ukraine, the presidential office said Thursday. The Multi-agency Donor Coordination Platform for Ukraine (MDCP) was established last year, led by the Group of Seven (G7) nations and involving other donor countries, the European [...]
WASHINGTON, Dec. 4 (Korea Bizwire) — South Korea’s “indirect” provision of 155-mm artillery shells for Ukraine this year has made it a larger supplier of ammunition for the war-ravaged country than all European countries combined, The Washington Post (WP) reported Monday. In an article on Russia’s protracted war against Ukraine, the U.S. daily explained Washington’s [...]
SEOUL, Nov. 16 (Korea Bizwire) – POSCO International is venturing into Ukraine’s postwar reconstruction, commencing with the establishment of a modular plant. The announcement came on Wednesday when CEO Jeong Tak signed a Memorandum of Understanding (MOU) with Governor Vitalii Kim of the Mykolaiv region for the construction of a modular building production facility. Modular construction [...]
SPEE3D supplies 3D printers and training for Ukrainian soldiers and engineers to manufacture and repair military equipment in theatre Melbourne, Australia, Nov. 06 (Korea Bizwire) — SPEE3D, a leading metal additive manufacturing company, announced that it is working with the Australian Government to deploy 3D printers and equipment training to support Ukraine in its ongoing [...]
NEW YORK/SEOUL, Sept. 20 (Korea Bizwire) — President Yoon Suk Yeol met with U.N. Secretary-General Antonio Guterres on Tuesday (local time) and expressed his wish to continue working with the global body to deter North Korea’s provocations and improve its human rights conditions, his office said. The two met on the sidelines of the U.N. [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korea has clinched an agreement with Ukraine to offer low-interest loans to the war-torn nation to help its reconstruction projects, the finance ministry said Friday. Kim Hyung-tae, South Korea’s ambassador to Ukraine, and Ukrainian First Vice Prime Minister Yuliia Svyrydenko signed the agreement in Kyiv earlier this week [...]
SEOUL, Aug. 29 (Korea Bizwire) — South Korea has tentatively allocated 520 billion won (US$393 million) in the state budget to be used in various support programs for Ukraine, including reconstruction-related projects, next year, according to the government’s budget proposal released Tuesday. Seoul’s funds earmarked for Ukraine-related projects for 2024 represents an over eightfold increase [...]
SEOUL, Aug. 17 (Korea Bizwire) — A South Korean volunteer fighter indicted for entering Ukraine in 2022 to fight against Russia’s invasion in violation of the passport law was given a suspended prison sentence by a court Thursday. The Seoul Central District Court sentenced Rhee Keun, a Navy SEAL-turned-YouTuber, to a prison term of one [...]