Tag: korea updates

  • Softbank invests $1B in S. Korean shopping site

    Softbank invests $1B in S. Korean shopping site

    SEOUL, South Korea (AP) — Coupang, a South Korean online shopping site, has secured a $1 billion investment from Japanese Internet company Softbank Corp. Coupang said Wednesday that Softbank founder Masayoshi Son decided to back Coupang because of the South Korean company’s delivery system and its market dominance in online shopping via smartphones. It is […]

  • S. Korea, U.S. start joint anti-submarine naval drill

    SEOUL, June 1 (Yonhap) — South Korea and the United States have kicked off a joint anti-submarine naval drill to tackle North Korea’s threats, sparked by the North’s test-firing of a submarine-launched ballistic missile, Navy officials said Monday. The two allies began the largest-ever joint anti-submarine exercise Saturday that will run through Wednesday in waters […]

  • Korea, China officially sign FTA

    Korea, China officially sign FTA

      Korea and China officially signed a free trade agreement (FTA) on Monday, opening a new era of cooperation. Trade, Industry and Energy Minister Yoon Sang-jick and China’s Minister of Commerce Gao Hucheng signed the Korea-China FTA in Seoul, after three years of negotiations. The deal will be effective after the National Assembly ratifies it. […]