The relationship between South Korea and Russia is reaching a desperate situation while the two countries celebrate the 34th anniversary of diplomatic relations this year.Earlier this year, an unusual incident occurred when a South Korean missionary, who was engaged in aid and missionary activities
SK Group chairman Chey Tae-won hosted the Trans-Pacific Dialogue on Dec. 6 at the Salamander Resort near Washington, D.C. There, he said that South Korea, the United States and Japan need to respond together to global issues such as supply chain setbacks, climate change, nuclear weapons in the Korea
Much attention is being paid to how the KORUS alliance and its efforts for the denuclearization of North Korea will change under the Joe Biden administration.South Korean President Moon Jae-in had his first phone conversation with the new U.S. president-elect on Nov. 12, expressing his hope for even
U.S. Secretary of Defense Mark Esper remarked on June 15 that the United States would respond to the threat of the Chinese Communist Party together with every ally and partner in the Indo-Pacific region, including South Korea. He also reconfirmed the joint efforts of the United States and South Kore
The Yomiuri Shimbun reported on Jan. 27 that the U.S. government raised an objection to the South Korean government’s intention to move ahead with inter-Korean economic cooperation projects including Mt. Kumgang tourism and the Kaesong Industrial Complex.According to the newspaper, National Security
Since the collapse of the second U.S.-North Korean summit talks in Hanoi, Vietnam, uncertainties have been growing on the Korean peninsula.Both South and North Korea are embarrassed by the collapse of the Hanoi Summit where the United States wanted to make a package deal and North Korea stuck to a s
U.S. President Donald Trump and North Korean leader Kim Jong-un meet to talk about the denuclearization of North Korea in Hanoi, Vietnam, from Feb. 27 to 28. To this end, Kim arrived in Vietnam after a 66-hour long train journey which would only take six hours by air. Will this become a prelude of a
International credit rating agency Fitch Ratings said on Jan. 23 that South Korea’s private investment and exports are likely to slow down, forecasting its economic growth for 2019 and 2020 at 2.5 percent each. That day, the Bank of Korea and the South Korean government forecast this year’s economic
The Institute of Foreign Affairs and National Security (IFANS) of the Korea National Diplomatic Academy (KNDA) has published its “Forecast 2019,” which consists of five chapters -- an overview of the international political and economic landscapes; the situation on the Korean Peninsula; the situatio
South Korean President Moon Jae-in has made a lot of efforts for North Korean leader Kim Jong-un’s visit to Seoul. On the plane flying back to Seoul after his recent brief encounter with U.S. President Donald Trump during the G20 summit in Argentina, the South Korean President told reporters that th
The United States Department of State said in its recent report that it will continue to put pressure on North Korea until denuclearization is achieved.According to Voice of America (VOA) on Dec. 26, the Bureau of East Asian and Pacific Affairs of the State Department and the Bureau for Asia of the
An argument was coming out at a local seminar that Section 232 of the Trade Expansion Act of 1962 may be applied to the semiconductor as well as automotive industry of South Korea.The United States may apply the Section 232 of the Trade Expansion Act of 1962 to Korea’s semiconductor as well as autom
South Korean and American business leaders have asked the U.S. government to exempt South Korean cars and auto parts from the application of Section 232 of the Trade Expansion Act of 1962.The Federation of Korean Industries (FKI) and the U.S. Chamber of Commerce had a meeting in Seoul on October 18
South Korean President Moon Jae-in is reiterating his call for a lifting of the U.N. sanctions on North Korea during his state visit to Europe. He is going to ask European countries to cooperate for complete denuclearization of North Korea and establishment of a peace regime on the Korean Peninsula.
The United States openly sent a warning after South Korea’s Foreign Minister Kang Kyung-wha said that the Seoul government was reviewing the possibility to lift the sanctions imposed against Pyongyang following its torpedo attack on a South Korean corvette that killed 46 sailors on board in 2010.In
U.S. State Secretary Mike Pompeo said on October 3 that sanctions on North Korea will be maintained until denuclearization. That day, the North said the U.S. should ease the sanctions if it wanted any progress in their negotiations. Under the circumstances, the South Korean government reportedly pro
On August 15 (local time), the United States Department of Treasury imposed sanctions on one Russian individual and three Chinese and Russian companies for violating restrictions on trade with Pyongyang. The measure immediately followed South Korean President Moon Jae-in’s announcement of a plan for
Industrial Bank of Korea (IBK) is aiming to increase its presence in Russia and its neighboring countries by setting up an office in Vladivostok in step with the New Northern Policy of the South Korean government.Early this month, IBK CEO Kim Do-jin visited Vladivostok to check the preparations for
The South Korean government is going to accede to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).Initially, 12 countries were planning to form the TPP. However, the United States withdrew from it, and then the remaining 11 countries including Japan signed the CPTPP
Amid concerns that the US Trump administration's North Korean policies have been loosened, US Congress is stepping up its efforts to bolster the US’s defense against North Korea. It has passed a bill to hold President Trump in check and, on top of that, publicly sent a warning message to the Sou