SEOUL, March 6 (Korea Bizwire) — South Korea will ban exports of strategic items to Belarus starting this week as the former Soviet republic has been supporting Russia’s invasion of Ukraine, the finance ministry said Sunday. The move came after South Korea decided to ban exports to 49 Russian organizations and firms last week, including [...]
New York/Berlin/Kyiv, March 4 (Korea Bizwire) — The Open Society Foundations today are pledging an initial $25 million to launch the Ukraine Democracy Fund and urge other funders to join us in supporting civil society in Ukraine in response to Russian President Vladimir Putin’s assault on democracy. This initiative builds on Open Society’s more than [...]
SEOUL/WASHINGTON, March 4 (Korea Bizwire) — South Korea won an exemption from the United States’ expanded export restrictions on Russia over its invasion of Ukraine, Seoul’s industry ministry said Friday. The move came as South Korea’s Trade Minister Yeo Han-koo met with senior U.S. officials in Washington on Thursday and the two sides agreed to [...]
SEOUL, March 3 (Korea Bizwire) — Major cryptocurrency exchanges in South Korea have blocked IP addresses from Russia in an effort to join global sanctions against Moscow over its invasion of Ukraine. Upbit, the country’s largest cryptocurrency exchange by transaction, announced Thursday withdrawal requests from Russian IP addresses could be rejected. “We’ve blocked subscriptions by [...]
SEOUL, March 3 (Korea Bizwire) — Personal donations toward helping out the government of Ukraine and its people after Russia’s invasion have gained traction among South Koreans as the attacks reached the end of the first week. The Ukrainian Embassy in South Korea, which announced a special bank account to collect humanitarian donations to assist [...]
WASHINGTON, March 2 (Korea Bizwire) — U.S. Secretary of State Antony Blinken on Wednesday welcomed South Korea’s decision to hold Russia accountable for the invasion of Ukraine. The top U.S. diplomat said Seoul’s actions will illustrate the country’s commitment to preserving the rules-based international order that will help defend the freedom and sovereignty of Ukraine. [...]
SEOUL, March 1 (Korea Bizwire) — South Korea said Tuesday it plans to suspend financial transactions with seven major Russian banks and their affiliates in a bid to join global efforts to impose financial sanctions against Moscow over its attack on Ukraine. The government said it will also “strongly” recommend local public and financial institutions [...]
SEOUL, March 1 (Korea Bizwire) — The South Korean curling governing body announced Tuesday its teams will boycott all upcoming matches against Russia following the country’s invasion of Ukraine, joining a slew of others in the sporting world in protesting the military action by Moscow. In an English-language statement, the Korea Curling Federation (KCF) said [...]
SEOUL, Feb. 28 (Korea Bizwire) — Civic activists and ordinary citizens held a rally in front of the Russian Embassy in central Seoul on Monday to condemn Russia’s invasion of Ukraine and to call for a peaceful resolution of the situation. Activists representing about 400 civic groups, including People’s Solidarity for Participatory Democracy and the [...]
SEOUL, Feb. 28 (Korea Bizwire) — Ruling party presidential candidate Lee Jae-myung has come under fire for appearing to blame Ukrainian President Volodymyr Zelenskyy for Russia’s invasion of the country. Lee of the liberal Democratic Party (DP) made the controversial remarks during a TV presidential debate Friday while trying to underscore the political inexperience of [...]