SEOUL, Oct. 4 (Korea Bizwire) — South Korea and the United Arab Emirates (UAE) have launched formal negotiations for a bilateral free trade agreement, Seoul’s industry ministry said Wednesday. The two nations agreed in 2021 to push for forging a Comprehensive Economic Partnership Agreement (CEPA), and the first round of talks kicked off in Seoul [...]
SEOUL, Oct. 3 (Korea Bizwire) – The heads of South Korea’s and Japan’s financial regulators on Tuesday agreed to resume regular “shuttle meetings” as part of their efforts to strengthen financial cooperation between the two countries, officials said. Kim Joo-hyun, chairman of Seoul’s Financial Services Commission (FSC), and Teruhisa Kurita, commissioner of Tokyo’s Financial Services [...]
SEOUL, Oct. 2 (Korea Bizwire) –South Korea’s appetite for Japanese beer has seen a remarkable resurgence this year, catapulting Japan back to the summit of beer-importing nations. This marks a significant turnaround since July 2019 when Japan imposed export restrictions on South Korea, causing Japanese beer to lose its top position in the South Korean [...]
SEOUL, Oct. 1 (Korea Bizwire) – Nearly 8 out of 10 South Koreans in their 20s and 30s agree on the need for Seoul to improve relations with Japan, a survey showed Saturday. The online poll — conducted by the Korea Youth Foundation — found 22 percent of the respondents said they “strongly agree” with [...]
SEOUL, Oct. 1 (Korea Bizwire) – South Korea’s overseas aid agency is pushing for a US$1.8 million project (2.4 billion won) to help Nigeria strengthen its information and communication technology (ICT) education among youths, officials said Sunday. Under the project, the Korea International Cooperation Agency (KOICA) plans to develop ICT teaching materials as part of [...]
SEOUL, Sept. 29 (Korea Bizwire) – The South Korean Embassy in India has shared a video online where a traditional Hindu ritual is performed for a new diplomatic vehicle produced by Hyundai Motor Co. for Seoul’s ambassador in New Delhi. The one minute-long video uploaded on X, known formerly as Twitter, shows a Hindu puja [...]
SEOUL, Sept. 29 (Korea Bizwire) – A contingent of South Korean sailors departed for waters off Somalia earlier this week as part of a regular rotation of troops conducting anti-piracy operations in the region, the Navy said Friday. The ROKS Yang Man-chun destroyer, carrying the 41st rotation of the Cheonghae unit, left the naval base [...]
WASHINGTON, Sept. 28 (Korea Bizwire) – The U.S. Department of Defense labeled North Korea as a “persistent” threat in an updated key security document released Thursday, warning that its military capability advancements would give the recalcitrant regime options to use nuclear arms “at any stage of conflict.” The Pentagon published the first Strategy for Countering [...]
SEOUL, Sept. 28 (Korea Bizwire) – South Korea has been elected to the board of governors of the International Atomic Energy Agency (IAEA) to serve for the 2023-2025 period, Seoul’s foreign ministry said Thursday. South Korea has been named as the board member representing the Far East group during the 67th general conference held at [...]
WASHINGTON, Sept. 27 (Korea Bizwire) — North Korea’s release of a U.S. soldier after months of detention for a border crossing is raising questions over whether it would lead to direct reengagement between Washington and Pyongyang or at least a warming of their strained ties. U.S. officials confirmed Wednesday that Pvt. Travis King was transferred [...]