WASHINGTON, Jul. 9 (Korea Bizwire) — The U.S. special envoy for global youth issues will travel to Korea’s southeastern city of Busan this week to attend the first-ever trilateral youth leadership program involving people from South Korea, the United States and Japan, the State Department said Tuesday. Abby Finkenauer plans to visit Busan from Wednesday [...]
GWANGJU, July 9 (Korea Bizwire) – A South Korean court ordered Nippon Coke & Engineering on Tuesday to compensate Korean victims for their forced labor at Japanese mines during World War II. The Gwangju District Court ordered the Japanese firm to pay compensation ranging from 13 million won (US$9,400) to 100 million won to each [...]
SEOUL, Jul. 2 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it has held the fourth round of negotiations with the European Union for a digital agreement. The talks were held in Seoul for a three-day run after the two sides announced the start of negotiations in October last year, according to the Ministry [...]
SEOUL, Jul. 1 (Korea Bizwire) — South Korea’s industry ministry said Monday it has hosted a business forum with Vietnam to seek new opportunities for partnerships in chips, artificial intelligence and other areas. Around 500 government and business officials from both countries attended the event, which took place during Vietnamese Prime Minister Pham Minh Chinh’s [...]
SEOUL, June 29 (Korea Bizwire) – South Korea’s industry ministry said Friday it will add 243 more items that can potentially be used for military purposes to the list of products regulated for export to Russia and Belarus. The decision raised the number of such items to 1,402, as South Korea has been tightening its [...]
SEOUL, Jun. 28 (Korea Bizwire) — South Korea’s industry ministry said Friday it has discussed ways to expand ties in addressing supply chain and export control issues with Washington under a regular bilateral dialogue. Industry Minister Ahn Duk-geun and his U.S. counterpart, Gina Raimondo, discussed related matters during the Supply Chain Commercial Dialogue (SCCD) in [...]
BRUSSELS/SEOUL, Jun. 28 (Korea Bizwire) — South Korea’s potential arms support for Ukraine should not be viewed on the same footing as North Korea’s suspected delivery of munitions to Russia, given the illegal nature of Russia’s invasion, the chief of the North Atlantic Treaty Organization (NATO) has said. NATO Secretary General Jens Stoltenberg also said [...]
WASHINGTON, Jun. 26 (Korea Bizwire) — South Korea, the United States and Japan underscored their commitment to enhancing three-way cooperation on critical technologies, supply chains and other areas of economic security as they held their first trilateral ministerial meeting on the issue in Washington on Wednesday. South Korean Industry Minister Ahn Duk-geun, U.S. Commerce Secretary [...]
SEOUL, Jun. 26 (Korea Bizwire) — The government on Wednesday set aside 6.8 trillion won (US$4.9 billion) for official development assistance (ODA) in 2025, an 8.5 percent increase from this year. The decision was made during a meeting of the government committee on official development assistance presided over by Prime Minister Han Duck-soo. ODA is [...]
SEOUL, Jun. 25 (Korea Bizwire) –On the 74th anniversary of the Korean War, Hong Joon-pyo, the mayor of Daegu and a former conservative presidential candidate, renewed his call for South Korea to develop its own nuclear arsenal to counter North Korea’s nuclear threat. In a Facebook post on June 25, Hong invoked the example of [...]