South Korea on Wednesday said its deterrence posture against North Korea would remain unaffected even if some military assets of the United States Forces Korea (USFK) are relocated from the Korean Peninsula amid the conflict in West Asia, Yonhap News Agency reported.
Hyosung Heavy Industries secured a contract worth 120 billion won, or approximately USD 82 million, to supply ultra-high-voltage transformers to the United Kingdom. This deal with SP Energy Networks, a division of ScottishPower, aims to support a significant wind power project as Britain wor
South Korea and the United States on Friday signed an MOU confirming Seoul's USD 350 billion investment commitment, which was part of a deal to lower US tariffs, the South Korean industry ministry said.
Meanwhile, Hegseth while addressing a press conference today alongside his South Korean counterpart Ahn Gyu-back, said that Washington will make interagency efforts "in a deliberate manner" to help fulfill a pledge by US Pres
The agreement on the big frame of the trade deal in July had brought the reciprocal tariff down to 15 per cent, but South Korea's automobile export was still subject to 25 per cent tariff rate and details on the agreement were not concluded until Trump met with Lee on the sideline of APEC
As trade negotiations between South Korea and the United States remain deadlocked, concerns are rising that expanding investment in the US could accelerate the hollowing out of Korea's domestic manufacturing industry, as per a report by Pulse, the English service of Maeil Business Newspaper
South Korea's top trade envoy said Monday that Seoul is working to strike a deal that protects its national interest as he left for Washington for follow-up talks on a multibillion-dollar investment deal, with the two countries still divided over key details of the July accord, as reported b
South Korea's POSCO International has begun reviewing participation in the U.S.-led Alaska liquefied natural gas (LNG) project, becoming the first Korean company to officially examine involvement in the massive energy development. The move comes as U.S. President Donald Trump shows a strong
Hyundai Motor reached an agreement with its union in Korea to distribute over 2 trillion won ($1.80 billion) in bonuses in 2025, even as the automaker faces growing challenges from high U.S. tariffs, as per a report by Pulse, the English service of Maeil Business Newspaper Korea.
Presidential chief of staff Kang Hoon-sik made the announcement after hundreds of South Koreans were taken into custody during the raid Thursday on a battery plant construction site operated by South Korean companies in Bryan County.