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S. Korean, U.S. Nuke Envoys Discuss Ways to Resume Denuclearization Talks

S. Korean, U.S. Nuke Envoys Discuss Ways to Resume Denuclearization Talks

SEOUL, Feb. 5 (Korea Bizwire) – The top nuclear envoys of South Korea and the United States discussed ways to channel the reconciliatory mood created by North Korea’s participation in the upcoming Winter Olympics into resumption of talks aimed at “peacefully” resolving the nuclear stalemate, the foreign ministry said Monday. Lee Do-hoon, special representative for Korean Peninsula peace and security affairs, and his U.S. counterpart, [...]

Joint Korean Hockey Team Coach Urges Players to Show Up on Time

Joint Korean Hockey Team Coach Urges Players to Show Up on Time

GANGNEUNG, South Korea, Feb. 5 (Korea Bizwire) – A hockey game is 60 minutes long, and it stands to reason that you’ve got to play hard for the whole 60 minutes to win, especially when you’re an underdog like Korea at the upcoming PyeongChang Winter Olympics. When Korea — the joint team of players from the South and the North — lost to Sweden 3-1 in its first warmup game together Sunday, the playerssimply didn’t show up on time, [...]

Government to Invest 1 Trillion Won to Fight Dementia

Government to Invest 1 Trillion Won to Fight Dementia

SEOUL, Feb. 5 (Korea Bizwire) – The South Korean government will spend one trillion won on dementia research, care and infrastructure over the next 10 years, as patient numbers are set to reach 3 million by 2050. The Ministry of Health and Welfare said on Sunday that detailed plans for the dementia R&D project, which have [...]

IOC Medical Director Says PyeongChang 2018 Can Give Boost to Development of S. Korea’s Anti-Doping Programs

IOC Medical Director Says PyeongChang 2018 Can Give Boost to Development of S. Korea’s Anti-Doping Programs

PYEONGCHANG, South Korea, Feb. 5 (Korea Bizwire) – Richard Budgett, the International Olympic Committee (IOC) medical and science director, said the upcoming PyeongChang Winter Games will be a “fantastic opportunity” to develop South Korea’s anti-doping programs. Budgett praised the workforce for doping controls here, saying there’s a “wonderful mixture” of international experts and those from the Korea Anti-Doping Agency (KADA). “The games is a fantastic opportunity to up skill and increase [...]

Cost of Eating Out in S. Korea Hits 23-Month High in Jan

Cost of Eating Out in S. Korea Hits 23-Month High in Jan

SEJONG, Feb. 5 (Korea Bizwire) – The cost of eating out in South Korea rose to the highest level in nearly two years in January as a hike in ingredients and labor expenses drove up meal prices, data showed Saturday. The cost of meals sold at local restaurants and cafeterias increased 2.8 percent in January compared with a year earlier, the highest since February 2016, according to the data compiled by Statistics Korea. Prices of cafeteria and boxed [...]

Oil Prices in S. Korea Mark Longest Rally

Oil Prices in S. Korea Mark Longest Rally

SEOUL, Feb. 5 (Korea Bizwire) – Retail oil prices in South Korea rose for the 27th week in a row this week in line with a hike in global crude oil prices, recording the longest run ever, data showed Saturday. The average gasoline price nationwide was 1,559.6 won (US$1.43) per liter in the fifth week of January, edging up 4.3 won from a week earlier, according to the data provided by the state-run Korea National Oil Corp. [...]