Finance ministers of Korea, the United States, and Japan will meet for the first time ever in Washington, D.C., the United States on April 17.The Ministry of Strategy and Finance announced on April 16 that Deputy Prime Minister and Minister of Finance Choi Sang-mok will leave for the United States t
The trilateral military alliance of the United States, the United Kingdom, and Australia, known as “AUKUS,” is reportedly considering South Korea as a potential cooperation partner for joint development of advanced military technology. This development has raised expectations for “K-Defense,” which
Government officials from Korea, the United States, and Japan have met and agreed to strengthen trilateral cooperation to respond to the changing global environment, including supply chain instability and export controls.The Korean Ministry of Trade, Industry and Energy (MOTIE) announced on Feb. 22
KEPCO KPS has signed a trilateral memorandum of understanding (MOU) with X-energy and DL E&C for the development of technology and business related to non-light water reactor-type fourth generation small modular reactors (SMRs).Under this agreement, the three parties, including KEPCO KPS, will colla
Hanwha Aerospace and Hanwha Systems announced on Feb. 13 that they signed a trilateral memorandum of understanding (MOU) for cooperation in the defense industry with the Saudi Ministry of National Defense during the World Defense Show 2024, a comprehensive defense exhibition in the Middle East held
The top leading economic organizations of Korea and Japan met in Tokyo for the first time in four years, agreeing to strengthen cooperation in fostering startups in the two countries. They also agreed to establish trilateral economic cooperation between Korea, the United States, and Japan, and to wo
SK Group Chairman Chey Tae-won, who visited Washington, D.C., on Dec. 4 (local time) reiterated his proposal for the formation of a trilateral economic union, saying, “If South Korea and Japan develop into a single market-type economic partnership like the European Union, it will not only create tre
Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho said on Oct. 19 that Korea will not exit from China, in response to concerns about the Korea’s withdrawal from China as Korea, Japan and the United States have strengthened their trilateral cooperation.“There is no reason to tu
South Korea and Japan are set to resume their regular financial supervision meetings, or shuttle meetings, that had been suspended since 2017. Financial Services Commission (FSC) Chairman Kim Joo-hyun plans to visit Japan in early October to discuss expanding financial exchanges. This development co
According to the Federation of Korean Industries (FKI) on Sept. 6, Chairman Ryu Jin, who took office as the 39th chairman, reaffirmed friendly relations by sending congratulatory letters to over 40 partner organizations in major countries and international institutions worldwide. He also proposed th
As South Korean President Yoon Suk-yeol embarks on a tour of Indonesia and India Sept. 5-10, much attention is being paid to the South Korean defense industry’s issues with Indonesia and India. Indonesia is a major defense export destination with which South Korea has close military ties, although t
The key focus of the economic collaboration announced at Camp David between South Korea, the U.S., and Japan is the mitigation of “China Risk.” This cooperative effort is aimed at countering China’s growing influence in high-tech industries by jointly tackling supply chain disruptions and technologi
South Korea, the United States, and Japan recently and simultaneously announced that a trilateral summit involving President Yoon Suk-yeol of Korea, President Joe Biden of the United States, and Prime Minister Fumio Kishida of Japan will be held at Camp David, the U.S. Presidential Retreat, on Aug.
“Cooperation between South Korea, China, and Japan can be the engine of a rapid and sustainable recovery of the global economy,” said Chu Kyung-ho, deputy prime minister and minister of strategy and finance of South Korea. He spoke at a meeting of finance ministers and central bank governors from So
The South Korean Supreme Court's final ruling in 2019 in favor of those forced to labor during the Japanese occupation led to a serious deterioration of Korea-Japan relations.To improve relations with Japan despite public opposition, President Yoon Suk-yeol formulated a proposal for third-party
KT announced on Feb. 15 that it has discussed cooperation in digital transformation (DX) with a visiting Mongolian government and economic delegation and signed three MOUs on cooperation in mineral resources and digital finance in Mongolia.A signing ceremony was held at KT East Building in Gwanghwam
Korea Midland Power (KOMIPO) announced on May 8 that it has recently completed a wind power plant in Stavro, Sweden.A consortium consisting of Korean and German companies built a 254.2 MW wind farm in Westernorland, central Sweden, by investing a total of 383 billion won.KOMIPO has become the first
South Korea, China and Japan have made some progress in negotiations on a free trade agreement (FTA) following the trilateral summit held late last year. Yet they remain divided over “open data,” a concept that some data should be freely available to everyone to use and republish as they wish.The th
South Korean Trade, Industry and Energy Minister Sung Yun-mo, Chinese Commerce Minister Zhong Shan and Japanese Economy, Trade and Industry Minister Hiroshi Kajiyama had a meeting in Beijing on Dec. 22. They adopted a joint statement to finalize the three countries’ regional comprehensive economic p
South Korea and Russia have agreed to work together to conclude a free trade agreement in the service and investment sectors next year, raise a joint fund of US$1 billion for investment in Russia’s original technologies, and combine the technologies with South Korea’s commercial technologies for mat