Vietnam's prime minister on Thursday asked for increased investment from South Korean firms, promising to improve the corporate environment for foreign corporations.In a meeting with Park No-hwang, president and CEO of Yonhap News Agency, Vietnamese Prime Minister Nguyen Xuan Phuc asked that Kor
U.S. "secondary sanctions" on Chinese firms doing business with North Korea would more likely to backfire rather than achieve the goal of inducing Beijing to render greater cooperation in efforts to rein in Pyongyang, an expert said Thursday.Yun Sun, a senior associate at the Stimson Center, made
U.S. President Donald Trump has said he wants to work closely with Chinese President Xi Jinping to develop a mutually beneficial relationship.Trump made the remark in a letter sent to Xi on Wednesday in response to Xi's letter congratulating him on his inauguration, White House press secretary S
Volatility in won-dollar exchange rates rose sharply last month amid uncertainty over the Donald Trump administration's policy direction, while the Korean currency gained ground against the greenback, central bank data showed Thursday.The average range of fluctuation in the value of the won per
South Korea will extend national roads by over 900 kilometers this year, greatly improving the accessibility of the entire nation while also helping boost the local economy, the government said Thursday.Also, more than 60 percent of 7.3 trillion won (US$6.37 billion) in government budget earmarked f
A group of U.S. House lawmakers has petitioned the White House to quickly allocate funds needed to rebuild and update the U.S. missile defense systems to defend against threats from North Korea, Iran and elsewhere around the world.The members of the House missile defense caucus, led by Rep. Trent Fr
A bipartisan group of U.S. House lawmakers has introduced a resolution condemning North Korea's development of intercontinental ballistic missiles and calling for quick deployment of the U.S. THAAD missile defense system in South Korea.Rep. Joe Wilson (R-SC) brought in the resolution (H.Res.92)
U.S. President Donald Trump will hold a summit with Japanese Prime Minister Shinzo Abe later this week before taking the Japanese leader to his Florida resort for the weekend, the White House said Tuesday."As previously announced, he will visit the White House for meetings on the 10th of February.
U.S. President Donald Trump wants to reassure South Korea that the U.S. stands with the Asian ally and will prevent any further hostile actions from North Korea, the White House said Tuesday.White House press secretary Sean Spicer made the remark at a regular briefing, recalling a phone conversation
North Korean leader Kim Jong-un has visited a precision machine factory in Pyongyang, calling for its employees to steadily improve their technical skills, state-run media said Tuesday.The North's leader made an inspection to the Kangdong Precision Machine Plant, stressing the need for its worke
The United States and Japan have successfully carried out a missile interception test with a jointly developed interceptor missile, the U.S. Missile Defense Agency said.The test took place off Hawaii early Saturday (Eastern Time), with the Aegis-equipped destroyer USS John Paul Jones shooting down a
A former chief U.S. nuclear negotiator with North Korea said he advised diplomats from Pyongyang to refrain from greeting a new U.S. administration with nuclear or missile tests when he met with them in Malaysia in October.Robert Gallucci, who negotiated a now-defunct 1994 nuclear freeze deal with t
Russia will consider taking countermeasures to protect its own security if the United States pushes ahead with its planned deployment of an advanced anti-missile system on South Korean soil, the country's top envoy in Seoul said Friday.Russian Ambassador to South Korea Alexander Timonin said tha
U.S. Defense Secretary James Mattis said Friday the Trump administration will reinforce its diplomatic pressure and military deterrence against North Korea's nuclear and missile programs, officially offering South Korea assurance of policy continuity following the recent administration change in
U.S. Defense Secretary Jim Mattis said that none other than North Korea needs to worry about the planned deployment of the U.S. THAAD missile defense system in South Korea.Mattis, who arrived in Seoul on his first overseas trip since taking office, made the remark to reporters traveling together wit
U.S. President Donald Trump said Thursday he will speed up renegotiation of the North America Free Trade Agreement (NAFTA), slamming the deal as a "catastrophe" for the U.S."I have very serious concerns about NAFTA. NAFTA has been a catastrophe for our country. It's been a catastrophe for our
The following article was contributed by the Embassy of Turkmenistan in Seoul for publication by The Korea Post media in Seoul.—Ed.Turkmenistan and Republic of Korea on February 7, 2017will mark the 25th anniversary of diplomatic relations. Over the two and a half decades, Turkmenistan and Kor
South Korea has mobilized four of its latest maritime helicopters in a drill aimed at containing North Korean submarines and surface vessel threats, the Navy said Wednesday."The new choppers will greatly enhance the Navy's capabilities to detect North Korean submarines equipped with submarine l
The United States should give up on any last-remaining hope that engagement with North Korea could lead to its denuclearization, a U.S. expert told a Senate hearing Tuesday, calling for all-round pressure on Pyongyang to rethink its nuclear pursuit.Nicholas Eberstadt, a senior analyst at the America
An armed conflict on the Korean Peninsula can no longer be contained only to the area as North Korea's long-range missile capabilities could threaten the continental U.S., the top U.S. military official said.Marine Corps Gen. Joseph Dunford, chairman of the Joint Chiefs of Staff, made the remark