Washington, July 24 (IANS) India has emerged as a potential strategic partner in the United States’ effort to counter China’s dominance in global shipbuilding, with congressional witnesses identifying New Delhi alongside Japan and South Korea as part of a long-term allied strategy to diversify maritime industrial capacity away from Beijing.The issue came into focus during a hearing of the House Foreign Affairs Subcommittee on East Asia and the Pacific, where lawmakers and experts warned that Chi…
Latest South Korea News & Updates
Seoul, July 24 (IANS) The South Korean government said on Friday that the United States has reaffirmed its commitment to honouring the existing Seoul-Washington tariff agreement regarding newly announced Section 301 tariffs on trading partners.”We have requested that the U.S. side comply with the Korea-U.S. trade agreement,” said the Ministry of Trade, Industry and Resources in a statement, referring to the tariff agreement reached last year that set reciprocal tariffs on South Korean goods at 1…
Manila, July 23 (IANS) South Korea’s Foreign Minister Cho Hyun has called for faster progress in discussions with US Secretary of State Marco Rubio on security issues, including Seoul’s efforts to develop nuclear-powered submarines and secure rights for uranium enrichment and spent fuel reprocessing, a senior Seoul official said Thursday.Cho conveyed the message during brief pull-aside talks with Rubio held before and after their trilateral meeting with Japanese Foreign Minister Toshimitsu Mot…
Manila, July 23 (IANS) South Korea’s Foreign Minister Cho Hyun on Thursday called on North Korea to respond to Seoul’s offers for dialogue and join efforts to promote peace and stability on the Korean Peninsula at a regional security forum in Manila, South Korea’s foreign ministry said. Cho made the remarks during the ASEAN Regional Forum (ARF), a 27-member multilateral security forum attended by the 11 Association of Southeast Asian Nations (ASEAN) member states and major regional powers, inclu…
London, July 23 (IANS) The head of the mobile business at Samsung Electronics Co. has expressed confidence in the South Korean tech giant’s foldable technology ahead of the planned launch of a rival device by Apple Inc.”The technological expertise and understanding of customers that we have built over seven years cannot be caught up to overnight,” Roh Tae-moon, co-chief executive officer of Samsung Electronics and head of its mobile business, told reporters.Samsung unveiled three Galaxy Z foldab…
Seoul, July 23 (IANS) South Korea’s privacy watchdog said on Thursday it has fined TikTok 10.3 billion won ($7 million) for unlawfully collecting and using users’ behavioural data from third-party services to personalize advertisements.The Personal Information Protection Commission said it levied the fine on Singapore-based TikTok Pte. Ltd., which operates the social media giant’s services in South Korea, for violating the personal information law, reports Yonhap news agency.The watchdog said Ti…
Seoul, July 22 (IANS) South Korean President Lee Jae Myung will embark on a five-nation trip this week that will also take him to three South American nations for talks with their leaders, the presidential office said Wednesday. The President will depart Friday first for San Francisco where he will make a two-day visit for a meeting with the heads of global tech giants, including OpenAI Chief Executive Officer Sam Altman and Nvidia chief Jensen Huang, according to presidential chief of staff for…
Manila, July 22 (IANS) The top diplomats of South Korea and the United States briefly met in Manila on Wednesday, Seoul officials said, amid a range of pending alliance issues, such as follow-up measures related to a joint fact sheet covering their security, trade and investment commitments. South Korea’s Foreign Minister Cho Hyun and US Secretary of State Marco Rubio had “pull-aside” talks shortly after a trilateral meeting involving their Japanese counterpart, Toshimitsu Motegi, took place on …
Seoul, July 22 (IANS) LG Display, an affiliate of South Korean electronics giant LG Electronics, said on Wednesday it swung to a net loss in the second quarter from a year earlier due to one-off costs.For the three months that ended in June, the company shifted to a net loss of 418.8 billion won (US$283 million) from a net profit of 890.8 billion won, it said in a statement.”One-off costs associated with a voluntary retirement program in the second quarter weighed on the bottom line,” a company …
Seoul, July 21 (IANS) The top military officers of South Korea and Australia held talks over the phone Tuesday to discuss the security environment of the Indo-Pacific region and agreed to expand military cooperation, South Korea’s Joint Chiefs of Staff (JCS) said. JCS Chairman General Jin Yong-sung held his first phone call with Admiral Mark Hammond, during which the two sides shared their assessment of the regional security environment, including North Korea’s nuclear and missile threats, Yonha…