Seoul files complaint with WTO over Tokyo’s export curbs
Seoul: South Korea filed a complaint with the World Trade Organization (WTO) on Wednesday over Japan’s export curbs, upping the stakes in the unprecedented trade row between the two Asian neighbors. The move came more than two months after Tokyo started restrictions of exporting three key industrial materials to Seoul, which are essential for the […]
South Korea, United Arab Emirates sign MoU to explore potential collaboration on new nuclear energy projects
Abu Dhabi: Barakah One Company (BOC), a subsidiary of the Emirates Nuclear Energy Corporation (ENEC), has signed a Memorandum of Understanding (MoU) with Korea Electric Power Corporation (KEPCO). The signing took place during the 24th edition of the World Energy Congress in Abu Dhabi this week in the presence of Korean Vice Minister of Trade […]
Seoul vows to better protect defectors’ privacy after controversy over 2016 mass defection
Seoul: The unification ministry said Tuesday it will improve the way news of defections by North Koreans is made public to ensure their privacy. The decision follows criticism it mishandled the 2016 high-profile defections of about a dozen restaurant workers. The 12 North Korean waitresses, employees of a restaurant in China, defected to the South […]
All four Korean crew members rescued from capsized vessel off U.S. coast
Washington: All four Korean crew members trapped inside a capsized vessel off the U.S. east coast were rescued Monday, the U.S. Coast Guard said. News of the rescue came more than 30 hours after the Golden Ray cargo vessel flipped onto its side as it left the Port of Brunswick, Georgia, on Sunday. Three were […]
The new phase of cultural relations between Iran and Korea
By Pooneh Nedai Editor in chief of Shokaran magazine and publisher of Amrood Tehran: Iran and Korea have a long historical relation that goes back to more than 1500 years through the silk road and the time of merchants exchanging goods. A piece of precious glass related to Persia found in Korea is now kept […]
Seoul may strip Japan of trusted trade partner status next week
Seoul: South Korea may officially remove Japan from its list of trusted trading partners as early as next week, upping ante in the trade dispute between the two Asian neighbors, the country’s trade ministry said Monday. The tit-for-tat move follows Japan’s removal of South Korea from its own whitelist of nations given preferential trading terms […]
Operations under way to rescue 4 Koreans trapped in ship off U.S. east coast
Seoul: Operations are under way to rescue four South Koreans believed to be trapped inside a ship that accidentally tilted sideways off the east coast of the United States, Seoul’s foreign ministry has said. The four South Koreans are presumed to be caught in the engine room of the Golden Ray, a car transport vessel […]
Korea’s growth potential set to decline due to aging population
Seoul: South Korea’s growth potential is expected to fall at a faster rate than earlier anticipated largely due to the aging of the population that will also lead to a cut in the number of eligible workers, a central bank report said Monday. The country’s growth potential for the 2016-2020 period is estimated at between […]
North Korean hosts ‘undeclared’ base for missiles 165 kilometers northeast of Seoul
A new study spotlighting an “undeclared” North Korean missile base that hosts medium-range weapons was released Friday. The Kumchon-ni (금천리) missile operating base is located within North Korea’s tactical missile belt, in Anbyon-gun (안변군, Anbyon County), Kangwon-do (강원도, Kangwon Province), 75 kilometers north of the Demilitarized Zone (DMZ), 165 kilometers northeast of Seoul and […]
South Korea has no plan to give up developing-nation status: agriculture minister
Sejong: South Korea’s new agriculture minister has ruled out the possibility of abandoning the country’s special and differential treatment under the World Trade Organization regime, despite growing U.S. pressure to reform the global trade body. In a recent brief comment to Yonhap News Agency, Kim Hyeon-soo said that South Korea has no plan to give […]
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