South Korean Foreign Minister Park Jin is expected to meet with the victims of wartime forced labor by Japanese companies, as the country’s top court delayed its ruling on liquidating the assets of the firms. According to officials from the Foreign Ministry, Park is planning to meet with the Korean victims, who are currently waiting for the Supreme Court’s ruling that could start liquidation of ...

Issues on NK, China and economic security expected to be put on table

Mikhail Gorbachev, who ended the Cold War without bloodshed but failed to prevent the collapse of the Soviet Union, died on Tuesday at the age of 91, hospital officials in Moscow said. Gorbachev, the last Soviet president, forged arms reduction deals with the United States and partnerships with Western powers to remove the Iron Curtain that had divided Europe since World War Two and bring about ...

An international tribunal ordered South Korea to pay the US private equity firm Lone Star Funds $216.5 million, officials said Wednesday, bringing an end to a decadelong legal battle surrounding its sell-off of a local bank. The Washington, DC-based International Centre for Settlement of Investment Disputes (ICSID) delivered the verdict in the investor-state dispute settlement suit that Lone Sta...

The national security advisers of South Korea, the United States and Japan will meet in Hawaii this week to discuss North Korea's nuclear program and other areas of cooperation, the presidential office said Wednesday. National Security Adviser Kim Sung-han will meet with his US and Japanese counterparts, Jake Sullivan and Takeo Akiba, respectively, on Wednesday and Thursday in the first such mee...

South Korean President Yoon Suk-yeol held a phone conversation with Polish Prime Minister Mateusz Morawiecki on Tuesday, and discussed ways to develop the bilateral ties between the two countries and strengthen their cooperation in defense and nuclear power industries, the presidential office said. The two leaders recognized the two countries have been actively cooperating in economic security a...

South Korean Ministry of Foreign Affairs and Korea International Cooperation Agency will hold the 15th Seoul ODA International Conference on Thursday to discuss the expansion of global development partnership. Held under the theme of “Expanding Horizons for Global Development Partnership,” this year‘s conference will address various aspects of ODA amid rising challenges ranging from the COVID-19...

As South Korea scrambles to respond to the potential impact of the US Inflation Reduction Act to Korean industries, Seoul agreed to hold formal talks with Washington over the issue. South Korean Ambassador to the United States Cho Tae-yong said Monday (US time) the government has delivered strong concerns to the US that the IRA, which excludes electric vehicles built outside of North America fro...

WASHINGTON -- The US government has agreed to launch formal talks with South Korea on ways to minimize the adverse effects of the recently enacted Inflation Reduction Act (IRA) on South Korean electric vehicles, Seoul's ambassador to the US said Monday. Amb. Cho Tae-yong also said the US understands the reasons behind South Korea's concerns and that they are justified. "We have especially stres...

Korean foreign minister visits Mongolia for first time in 8 years for bilateral meetings

The South Korean government is sending a delegation of negotiators to Washington to discuss the US Inflation Reduction Act, which excludes electric vehicles built outside of North America from tax benefits, Seoul’s Foreign Ministry said Monday. The move comes as the US inflation law signed last week sparked concerns among EV makers, as it would get rid of tax subsidies given to EVs assembled in ...

South Korea’s Foreign Ministry and the Asia Exchange Association launched a youth exchange program to bring together young people of Korea, the United States and countries of the Association of Southeast Asian Nations to discuss peace and prosperity of the Indo-Pacific region. According to the ministry, it held the opening ceremony of the Youth Camp for ASEAN and Friends’ Engagement (YCAFE) invi...

The top US diplomat for East Asia policy and South Korean officials, including Seoul’s chief nuclear envoy, reaffirmed the allies’ commitment to the denuclearization of North Korea in meetings held in Seoul. The two sides also discussed a wide range of topics, including trade issues, during the US diplomat’s three-day trip. Daniel Kritenbrink, the assistant secretary of state for East Asian and...

ULAANBAATAR/SEOUL -- South Korean Foreign Minister Park Jin arrived in Mongolia on Sunday for talks with his Mongolian counterpart on bilateral relations, and regional and global issues. His trip -- the first visit to Mongolia by a South Korean foreign minister on a bilateral basis since 2014 -- comes as the country has recently gained keen attention for its rich resources amid international eff...

The top U.S. diplomat for East Asia policy met in Seoul with South Korea's chief nuclear envoy Saturday for discussions on a range of pending issues, including North Korea, the foreign ministry said. Daniel Kritenbrink, the assistant secretary of state for East Asian and Pacific affairs, held the talks with Kim Gunn, special representative for Korean Peninsula peace and security affairs, and rea...