SEOUL, May 13 (Korea Bizwire) — South Korea’s trade ministry said Monday it has held the first joint committee meeting with Cambodia after their free trade agreement (FTA) took effect and discussed the progress of the deal and ways to cooperate in the global supply chain. Trade Minister Cheong In-kyo met his Cambodian counterpart, Cham [...]
SEOUL, May 9 (Korea Bizwire) — The Seoul city government has signed a friendship city agreement with the Abu Dhabi government of the United Arab Emirates to expand city-level cooperation in areas like transportation and smart city and urban development, officials said Thursday. Seoul Mayor Oh Se-hoon inked the agreement with Mohamed Ali Al Shorafa, [...]
SEOUL, May 8 (Korea Bizwire) — North Korean leader Kim Jong-un has sent a congratulatory message to Russian President Vladimir Putin for formally starting his fifth term as Moscow’s leader, state media said Wednesday, amid deepening military cooperation between the two nations. Putin began his fifth term Tuesday, extending his 24-year rule for another six [...]
SEOUL, May 7 (Korea Bizwire) — South Korea has been deliberating on Indonesia’s proposal to reduce its payment for a joint development project for the KF-21 fighter jet, the state procurement agency said Tuesday, amid an ongoing probe into an alleged technology leak by Indonesian engineers. Indonesia has reportedly suggested paying only 600 billion won [...]
SEOUL, May 7 (Korea Bizwire) – Indonesia, which had agreed to share a portion of the development costs and receive technology transfers for South Korea’s KF-21 fighter jet, has recently proposed paying only about a third of its originally committed share while also accepting a reduced level of technology transfer, according to sources familiar with the [...]
SEOUL, May 4 (Korea Bizwire) – In a captivating display of unity through dance, Korean and French breaking crews took to the stage in Paris, leaving the audience roaring with a series of dynamic moves and daring acrobatic feats. As the cheers from the stands intensified, the two crews – Korea’s 1Million and France’s Pockemon Crew [...]
JEONGEUP, May 3 (Korea Bizwire) – The city of Jeongeup in North Jeolla Province announced on May 2 that it will host the “3rd World Revolutionary Cities Alliance Conference” from May 9 to 11 at the Donghak Peasant Revolution Memorial Park and its surrounding areas. Since 2022, Jeongeup has been inviting major revolutionary cities from around [...]
WASHINGTON, Apr. 30 (Korea Bizwire) — Yoon Yoon-soo, the chairman of FILA Holdings Corp. and Acushnet Holdings Corp., has been chosen as this year’s Van Fleet Award honoree for his contributions to the relationship between South Korea and the United States, a nonprofit organization said Tuesday. The Korea Society, a U.S-based organization dedicated to promoting [...]
SEOUL, April 25 (Korea Bizwire) – A major Japanese internet company partly owned by Naver, South Korea’s biggest web portal, is facing pressure from Tokyo to strip the Korean tech firm of its controlling stake after a data breach last year, an extraordinarily aggressive move that threatens to upend a rare alliance between corporate giants from [...]
SEOUL, Apr. 25 (Korea Bizwire) — Finance Minister Choi Sang-mok vowed Thursday to enhance South Korea’s crisis management capabilities regarding supply chains in close cooperation with the United States, Japan and other Indo-Pacific partners, the finance ministry said. Choi made the comment during an external economic ministers’ meeting in Seoul as he discussed the implementation [...]