SEOUL, Jan. 12 (Korea Bizwire) – Defense Minister Ahn Gyu-back said Monday he is open to the idea of proposing a joint probe with North Korea into its claim of drone incursions into the country through the United Nations Command (UNC). On Saturday, the North’s military claimed that South Korea violated the North’s sovereignty by [...]
SEOUL, Jan. 8 (Korea Bizwire) – China’s recent ban on exports of dual-use items with military applications to Japan will likely impact South Korea’s imports and industries, the industry ministry said Thursday, vowing measures to prevent a supply shortage of affected items. The Ministry of Trade, Industry and Resources held a supply chain inspection meeting [...]
SEOUL, Jan. 6 (Korea Bizwire) — President Lee Jae Myung of South Korea called on Seoul and Beijing to work to soften public distrust and rebuild what he described as “good neighborly, friendly” relations, arguing that improved sentiment between the two societies is essential to expanding economic cooperation. Mr. Lee made the remarks Tuesday at a [...]
SEOUL, Jan. 5 (Korea Bizwire) — The United States’ recent attack on Venezuela and North Korea’s ballistic missile launch are expected to have a limited impact on the South Korean economy, the finance ministry said Monday. The assessment was made in an emergency meeting held to review the economic situation following the recent events, which [...]
TOKYO, Jan. 4 (Korea Bizwire) — The United States military in South Korea is reassessing the scope of its operations with an eye toward a potential conflict over Taiwan, a shift that would mark a significant broadening of the force’s traditional mission of deterring North Korea, according to a report published Sunday by Nikkei. The Japanese [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korea’s presidential national security team convened an emergency meeting Sunday after North Korea fired multiple ballistic missiles into the East Sea, an act Seoul condemned as a violation of United Nations resolutions. The meeting at Cheong Wa Dae was chaired by Deputy National Security Adviser Lim Jong-deuk and included [...]
SEOUL, Jan. 2 (Korea Bizwire) — President Lee Jae Myung plans to discuss practical economic cooperation and peace efforts on the Korean Peninsula in his upcoming summit talks with Chinese President Xi Jinping next week, National Security Adviser Wi Sung-lac said Friday. Lee is scheduled to arrive in Beijing on Sunday, hold a summit with [...]
SEOUL, Dec. 30 (Korea Bizwire) — Only 36.7 percent of Japanese people said they support efforts to provide diplomatic support to achieve peace on the Korean Peninsula, hovering well below the global average, a survey showed Tuesday. The percentage of Japanese citizens who backed the idea of offering economic and military support also stood at [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Koreans will be able to easily read the Rodong Sinmun, North Korea’s main newspaper, at designated facilities and major public libraries, starting Tuesday, according to the unification ministry. The public will be able to easily access the Rodong Sinmun, like general publications, at around 20 facilities, as the newspaper [...]
SEOUL, Dec. 30 (Korea Bizwire) — North Korea appears to be signaling a subtle but meaningful shift in its internal power structure, with new clues emerging from the license plates used by the country’s top leadership. An analysis of state media footage by Yonhap News Agency shows that Kim Jong Un has recently been using a [...]