SEOUL, Feb. 7 (Korea Bizwire) – South Korea said Sunday it will further restrict the entry of its nationals to a joint industrial park in North Korea in response to the North’s long-range rocket launch. The Unification Ministry said that it will reduce the number of South Koreans staying at the Kaesong Industrial Complex in [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korea’s top financial regulator has convened an emergency meeting to intensify monitoring of the local financial market following North Korea’s long-range rocket launch, an official said Sunday. In the meeting, which took place at 11:00 a.m., the Financial Services Commission (FSC) checked the impact of the rocket launch [...]
SEOUL, Feb. 7 (Yonhap) – North Korea launched a long-range rocket, apparently sending what it claims is a satellite into orbit on Sunday, but South Korea and the U.S. denounced it as a long-range missile test that squarely challenges the international community. “It’s presumed that the projectile has entered into orbit,” a military official said, [...]
SEOUL, Feb. 6 (Korea Bizwire) – South Korean boy band BigBang will embark on a tour in China next month after its concerts there drew tens of thousands of people last year, its agency said Friday. Starting with Shanghai from March 11-12, this year’s tour will take them to eight cities, including Shenzen, Zhenzhou, Hefei [...]
SEOUL, Feb. 6 (Korea Bizwire) – Recent satellite imagery shows the arrival of tanker trucks at the launch pad of North Korea’s rocket site in an indication that the communist nation is forging ahead with a planned rocket launch, a North Korea-monitoring website said Friday. The imagery taken of the North’s Sohae or Dongchang-ri site [...]
South Korea’s national image is heavily affected by its cultural content, especially food and K-pop, a survey showed Saturday. (Image : Yonhap) SEOUL, Feb. 6 (Korea Bizwire) - South Korea’s national image is heavily affected by its cultural content, especially food and K-pop, a survey showed Saturday. It also demonstrated the need for South Korea to [...]
SEOUL, Feb. 5 (Korea Bizwire) – Despite global oil prices hitting a multi-year low due to a supply glut, local oil refiners pocketed decent earnings last year on the back of improved cracking margins, and their stellar performance may continue into this year, analysts say. Oil prices have been in the doldrums since early last [...]
SEOUL, Feb. 5 (Korea Bizwire) – Foreign Minister Yun Byung-se held a group meeting on Friday with foreign envoys here to exchange views on North Korea. Following a brief photo session, Yun went into closed-door consultations with U.S. Ambassador Mark Lippert, Japanese Amb. Koro Bessho, Australian Amb. William Paterson and Amb. Gerhard Sabathil, head of [...]
SEOUL, Feb.5 (Korea Bizwire) – A new study has revealed that the amount of time Koreans spend eating or taking care of their hygiene or personal appearance is increasing, but time spent meeting other people, on leisure activities and at work has decreased. A report entitled ’24 Hours of Korean People after 2000′ issued by [...]
Finance Minister Yoo Il-ho (C) holds a meeting with bio-healthcare companies in Incheon on Feb. 4, 2016. (Image : Yonhap) INCHEON, Feb. 4 (Korea Bizwire) – South Korea’s finance minister said Thursday that the government has no immediate plan to draw up a supplementary budget to further stimulate the economy grappling with plunging exports and [...]