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U.S. shipbuilding bill draws attention as watershed for Korea-U.S. cooperation

Korea-US shipbuilding cooperation stands at a critical crossroads as the US Congress pushes for a National Defense Authorization Act (NDAA) that restricts the procurement of naval vessels and core components built in foreign shipyards. Concerns are growing that the finalization of this bill could limit the joint naval construction plans that the South Korea..

Korea foreign reserves rise on weaker dollar and investment gains
South Korea’s foreign exchange reserves rebounded in April, increasing by $4.22 billion from the previous month, supported by a weaker U.S. dollar and high..

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