South Korea

Secretary General of the ASEAN-Korea Centre Lee Hyuk has highlighted the significance of the upcoming visit to Vietnam by Speaker of the National Assembly of the Republic of Korea, Park Byeong-seug, from October 31 to November 4.

Speaker of the National Assembly of the Republic of Korea Park Byeong-seug and his spouse will pay an official visit to Vietnam from October 31 to November 4.

Kim Hyun-tae from the Republic of Korea (RoK) will take up the position of goalkeeper coach with Vietnam’s young national football teams, the Vietnam Football Federation (VFF) revealed on October 23.

More than 1,400 Vietnamese guest workers in South Korea are set to lose their deposit of VND100 million (US$4,239) each due to fleeing from their workplace or attempting to illegally stay in the country.

As many as 1,750 Vietnamese workers are illegally staying in South Korea after the expiry of their labour contracts, according to the Ministry of Labour, Invalids and Social Affairs.

Deputy PM and Foreign Minister Pham Binh Minh on September 18 proposed pushing ahead with the resumption of visits by leaders of Vietnam and the Republic of Korea and effectively maintaining dialogues in flexible forms.

Prime Minister Nguyen Xuan Phuc has urged the Republic of Korea (RoK) to reduce, remove binding conditions for official development assistance loans, concessional loans, and expand non-refundable aid to Vietnam.

The Ministry of Labour, War Invalids and Social Affairs has sent letters to city and provincial People’s Committees to guide signing and implementing agreements with South Korean localities on sending Vietnamese workers there for seasonal work.

The HCM City People’s Procuracy announced on August 11 that it has approved decisions on commencing criminal proceedings against and arresting a Korean man and a Vietnamese woman on charges of “swindling to appropriate assets.”

The Korean Cultural Centre in Vietnam will launch the K-pop Cover Video Contest 2020, an online competition, to promote cultural exchanges between Vietnam and the Republic of Korea.

HCM City-based South Korean violist Jmi Ko has recently released a music video online after its premiere was cancelled due to the COVID-19 pandemic, aiming to spread optimism during the virus outbreak.

Samsung Electronics will end personal computer production in China as it looks to shift production to Viet Nam to cut costs and remain competitive in the PC business, according to the Nikkei Asian Review. 

Prime Minister Nguyen Xuan Phuc hosted a reception on July 29 in Hanoi for groups and businesses from the Republic of Korea (RoK) that are investing in Vietnam.

It joins a growing list of trade-reliant countries that have seen their economies slump.

The Government of the Republic of Korea (RoK) will provide a total of 90 doctoral scholarships for candidates from ASEAN countries to study at six prestigious Korean universities over the next five years.

China, Japan and the Republic of Korea (RoK) affirmed their support for ASEAN’s initiatives in promoting co-operation to respond to the COVID-19 pandemic at an online meeting of ASEAN+3 Senior Officials’ Meeting on Monday.

Many financiers from the Republic of Korea (RoK) are expecting that regulations on financial investment activities in Vietnam will become clearer and more open with the revised Investment Law coming into force.