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Seoul again presses Tokyo not to implement additional export curbs

Seoul again presses Tokyo not to implement additional export curbs

South Korea on Wednesday repeated its call for Japan to scrap its planned measure to take Seoul off its list of trusted trading partners granted with preferential procedures for exports, warning it could undermine bilateral economic ties. Early this month, Japan implemented strict regulations for exports of three key materials to South Korea that are […]

Trade minister to visit U.S. as Seoul works to ramp up int’l support over dispute with Tokyo

Trade minister to visit U.S. as Seoul works to ramp up int’l support over dispute with Tokyo

South Korean Trade Minister Yoo Myung-hee is set to visit the United States Tuesday to rally support from the country’s key ally in a deepening trade dispute with Japan. During the five-day stay in Washington, Yoo will meet with officials from the U.S. government and Congress and explain South Korea’s stance on the recent export […]

Officials of two Koreas to meet in Manila amid Seoul-Tokyo diplomatic row

Officials of two Koreas to meet in Manila amid Seoul-Tokyo diplomatic row

Officials of South and North Korea are expected to meet at an international peace conference in the Philippines this week amid a growing diplomatic row between Seoul and Tokyo over wartime forced labor and economic retaliation, conference organizers said Tuesday. The government of Gyeonggi Province, South Korea’s most populous province that surrounds Seoul, and the […]

Seoul to increase operations of electric city buses

Seoul to increase operations of electric city buses

The number of electric city buses on the roads of Seoul will increase to 143 this year, the metropolitan government said Friday. Beginning in November, an additional 114 electric city buses will be deployed on 19 routes throughout Seoul under the municipal government’s bid to reduce its fine dust pollution by replacing natural gas-powered buses […]

U.S. officials share concern about Seoul-Tokyo tensions: NSC official

U.S. officials share concern about Seoul-Tokyo tensions: NSC official

U.S. officials have expressed concern that tensions between South Korea and Japan over Tokyo’s export restrictions against Seoul are not conducive to trilateral cooperation between the three countries, Seoul’s deputy national security adviser said Saturday. Kim Hyun-chong, deputy chief of Cheong Wa Dae’s National Security Office, made the remark to reporters as he wrapped up […]

Seoul, Mexico City ink pact on strategic, mutually beneficial relationship

Seoul, Mexico City ink pact on strategic, mutually beneficial relationship

The mayors of Seoul and Mexico City agreed Tuesday to elevate the friendly relationship between the two capitals to a strategic and mutually beneficial one. Seoul Mayor Park Won-soon met with Mexico City Mayor Claudia Sheinbaum at her office in the Mexican capital and signed an agreement to strengthen cooperation and exchanges based on the […]

Seoul eyes price ceiling on privately built new apartments to curb housing prices

Seoul eyes price ceiling on privately built new apartments to curb housing prices

In what could be the strongest measure ever to clamp down on housing prices, South Korea is cautiously moving to revive the controversial scheme to cap presale prices of privately built apartments, which could have a far-reaching impact on the local home market, industry sources said Wednesday. In a parliamentary report on Monday, Land, Infrastructure […]

No. of visitors to major royal palaces in Seoul hits 5 mln in H1

No. of visitors to major royal palaces in Seoul hits 5 mln in H1

The number of people who visited the four main royal palaces and Jongmyo Shrine in Seoul surpassed the 5 million mark in the first half of the year for the first time in three years, the cultural authorities said Monday. The four palaces from the Joseon Dynasty (1392-1910) are Gyeongbok, Changdeok, Changgyeong and Deoksu. Jongmyo […]

Seoul to complete privatization of Woori Financial by 2022

Seoul to complete privatization of Woori Financial by 2022

The government plans to sell its remaining stake in Woori Financial Holdings Co. by 2022, in a bid to recoup taxpayers’ money that was used to bail out the financial holding firm in the wake of the financial crisis in 1997, the financial regulator said Tuesday. In a statement, the Financial Services Commission (FSC) said […]

Foreign tourist arrivals in Seoul to reach record-high 14 million this year

Foreign tourist arrivals in Seoul to reach record-high 14 million this year

The number of foreign tourists visiting Seoul is expected to reach an all-time high over 14 million this year, the city’s mayor said Tuesday. Mayor Park Won-soon made the forecast during a session of the Seoul Metropolitan Council. “Seoul now ranks seventh worldwide in terms of foreign tourist arrivals. The number reached 13.6 million in […]

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