South Korean Trade Minister Yoo Myung-hee is set to visit the United States Tuesday to rally support from the country's key ally in a deepening trade dispute with Japan. During the five-day stay in Washington, Yoo will meet with officials from the U.S. government and Congress and explain South K
U.S. Secretary of State Mike Pompeo said Monday he thinks North Korea was "perplexed" by the high priority the United States placed on retrieving the remains of American troops from the North. Pompeo made the remark at a national convention of veterans in Orlando, Florida, as he spoke of the Trump
President Moon Jae-in said Monday his government will redouble its push for innovative growth in South Korea's manufacturing sector, especially by nurturing globally competitive startups, as part of a long-term response to Japan's trade pressure. He pointed out that Tokyo's export restri
U.S. President Donald Trump said Monday there was "very positive" correspondence recently with North Korea and that the two sides will meet for nuclear talks when the communist regime is ready.Trump's remark comes after he and North Korean leader Kim Jong-un held an impromptu meeting at the in
The Korean daily media headlines and humorMonday July 22, 2019Round-up of important news from major Korean dailies and from international media todayThe Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean. Seoul stocks open lower on Wall Street lossSouth Korea will step
South Korea's trade ministry said Monday it will send a deputy minister to a meeting of the World Trade Organization (WTO) General Council this week to tell the international community that Tokyo's export curbs against Seoul run counter to international rules and that it should retract the m
South Korea's exports are set to extend their slump to an eighth month in July, driven by a decline in outbound shipments of semiconductors and petrochemical goods, data showed on Monday.The country's exports fell 13.6 percent in the first 20 days of July from a year earlier to US$28.3 billi
South Korea will step up its efforts this week to fend off a move by Japan to impose additional trade restrictions against Seoul, according to government officials on Sunday, amid a growing trade dispute that could also disrupt global supplies of semiconductors and smartphones.Diplomatic and economi
South Korea and the United States have been considering staging a joint military exercise next month as scheduled but under a different name, sources said Sunday, amid warnings from North Korea that the drill could affect its nuclear talks with Washington. The allies were known to have planned to co
U.S. National Security Adviser John Bolton will make a two-day visit to Seoul this week for consultations with top government officials, Cheong Wa Dae announced Sunday amid trade tension between South Korea and Japan. Chung Eui-yong, chief of the presidential national security office, plans to hold
South Korea's economy is estimated to have grown 1 percent in the second quarter, shifting from a contraction of 0.4 percent the previous quarter, financial industry sources said Sunday. The Bank of Korea is set to unveil its growth estimate for the April-June period this week. Earlier, the cent
South Korea will step up its efforts this week to fend off a move by Japan to impose additional trade restrictions against Seoul, according to government officials on Sunday, amid a growing trade dispute that could also disrupt global supplies of semiconductors and smartphones. Diplomatic and econom
U.S. National Security Adviser John Bolton left for South Korea and Japan on Saturday, a U.S. official said, amid a growing trade dispute between Seoul and Tokyo over wartime forced labor.White House National Security Council spokesman Garrett Marquis said on Twitter that Bolton "departed today for
Sales of environment-friendly cars in South Korea jumped 30 percent in the first six months of the year on the back of strong demand for electric vehicles (EVs), industry data showed Sunday. The number of environmentally friendly vehicles, such as hybrid electric, all-electric and hyd
South Korea and the United States have been considering staging a joint military exercise next month as scheduled, but under a different name, sources said Sunday, amid warnings from North Korea that the drill could affect its nuclear talks with Washington.The allies were known to have planned to co
Major memory chip prices have jumped 25 percent in the past two weeks following Japan's restrictions on exports of high-tech materials to South Korea, industry data showed Saturday.The prices of dynamic random-access memory (DRAM) chips jumped by up to 25 percent to US$3,736 on Friday from $3,03
U.S. President Donald Trump said Friday that he is willing, if needed, to help resolve escalating tensions between South Korea and Japan.Speaking to the White House press corps in the Oval Office to mark the 50th anniversary of the Apollo 11 lunar mission, Trump said South Korean President Moon Jae-
U.S. Secretary of State Mike Pompeo has expressed hope that negotiations with North Korea over its nuclear weapons program will resume soon, citing North Korean leader Kim Jong-un's earlier commitment, his office said Friday.U.S. President Donald Trump and North Korean leader Kim Jong-un agreed
SK Innovation Co., South Korea's top refiner, said Friday its two affiliates have acquired a 35 percent stake in Myanmar's second-largest petroleum product distributor, for 150 billion won (US$127 million).SK Innovation said the two units -- SK Energy Co. and SK Trading International Co. --
A Seoul court on Saturday again rejected an arrest warrant for the head of Samsung BioLogics Co., who is under suspicion of orchestrating accounting fraud.The Seoul Central District Court said "there is room for dispute" over Samsung BioLogics CEO Kim Tae-han's alleged role in pushing the comp