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‘Public diplomacy essential for stronger Korea-US ties'
Over the course of his US presidential campaign, Donald Trump spared no criticism against the country’s free trade pact with South Korea. Calling it a “disaster” and a “job killer,” the populist politician threatened to pull out of the treaty once he took office. But the US president was not the first to express such […]
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Korea needs to cut reliance on US economy: think tank
South Korea should reduce its reliance on the US economy and push to galvanize domestic demand as the world’s No. 1 economy is expected to continue its slow growth down the road, a state think tank said Friday. In a report on the future of the US economy, the Korea Institute for International Economic Policy […]
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S. Korean, Spanish foreign ministers agree to work together to press NK
The top diplomats of South Korea and Spain have agreed to work together to pressure North Korea into giving up its nuclear weapons program, the foreign ministry here said Thursday. The North Korean nuke issue and its human rights violations were among the main topics of discussion when South Korean Foreign Minister Yun Byung-se and […]
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Samsung, Reliance Jio to connect rural India
Samsung Electronics said it will team up with India’s Long Term Evolution mobile operator Reliance Jio Infocomm to build more high-speed wireless communication networks in India’s remote regions as well as major cities. Tapping the rapidly growing telco market in India, South Korea’s tech giant clinched an exclusive deal with Jio in 2012 to supply […]
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Korea's exports rise 20.2% in Feb.
South Korea’s exports jumped 20.2 percent last month from a year earlier expanding at the fastest clip in five years on rising oil prices and recovering world trade, government data showed Wednesday. Outbound shipments came to $43.2 billion in February, up from $35.9 billion tallied a year earlier, according to the Ministry of Trade, Industry […]
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Korea's experience can be role model of Asian development
South Korea will play a bigger role in Asia’s investment in sustainable infrastructure through its experience of economic development and constant investment in basic facilities, a senior official at an international institution said. “I would say that Korea is a very important member of our bank,” Danny Alexander, vice president of the China-led Asia Infrastructure […]
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Mattis vows to deploy THAAD ‘without a hitch’
US Defense Secretary James Mattis on Thursday reaffirmed plans to deploy its advanced missile defense system in South Korea this year “without a hitch,” singling out North Korea’s nuclear and missile program as a top priority for the new Donald Trump administration. Mattis arrived here as part of his first overseas trip designed to cement […]
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Korea to expand FTA network to offset US protectionism
South Korea’s policymakers are scrambling to cope with rapid changes in global trade conditions as new US President Donald Trump has put into practice his protectionist pledges. Measures drawn up at their meeting last week focused on expanding the country’s network of free trade agreements with the rest of the world, increasing imports from the […]
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S. Korea set to expand imports from US
South Korea said Thursday that it will consider importing more US products this year as part of its efforts to adjust its trade schemes to new trade policies by the Donald Trump administration. The government unveiled the 2017 overseas economic policy plans at a minister-level meeting in Seoul chaired by Finance Minister Yoo Il-ho, focusing […]
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US, South Korea need to further strengthen alliance against many challenges: Mark Lippert
Time is of the essence in dealing with geopolitical and security challenges facing the Northeast Asian region, the outgoing top US envoy to South Korea said Friday, adding that the current situation warrants more efforts by Washington and Seoul to strengthen their alliance. Ambassador Mark Lippert noted that he remains optimistic about the future of […]
