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Koreas to Continue Peacemaking Mood by Sending Unified Teams to 2018 Asian Games

Koreas to Continue Peacemaking Mood by Sending Unified Teams to 2018 Asian Games

SEOUL, Jul. 17 (Korea Bizwire) — South Korea and North Korea will try to continue their peacemaking mood through sport by sending joint teams to the 2018 Asian Games in Indonesia. The Koreas agreed to field joint teams in three sports — basketball, canoeing, and rowing — at this year’s Jakarta-Palembang Asian Games, which will [...]

9 North Korean Films to Screen at the Bucheon Fantastic Film Festival

9 North Korean Films to Screen at the Bucheon Fantastic Film Festival

SEOUL, Jul. 11 (Korea Bizwire) — Following formal approval by the government, feature films produced in North Korea will be screened at the 22nd Bucheon International Fantastic Film Festival (BIFAN) to be held for ten days starting tomorrow. Festival organizers included the special screening of nine North Korean films following the conciliatory mood of the [...]

Youth Groups and College Student Unions Push for “Train Headed for Pyongyang”

Youth Groups and College Student Unions Push for “Train Headed for Pyongyang”

SEOUL, Jul. 9 (Korea Bizwire) — Student-run organizations of all ages have come together to launch a support group that advocates for a so-called “unification train” bound for the North Korean capital of Pyongyang by way of Yongsan Station in Seoul. The network of students composed of members of youth organizations and college student unions [...]

President Moon’s “3 Belt Initiative” Attracting Attention

President Moon’s “3 Belt Initiative” Attracting Attention

SEOUL, Jun. 15 (Korea Bizwire) — The recent summit between North Korea and the U.S. has many people wondering if South Korean President Moon Jae-in’s “new economic initiative” will gain momentum now that North-South relations have begun to thaw. During President Moon’s own meeting with North Korean leader Kim Jong-un, Moon gave Kim a USB [...]

S. Korean Students Propose Talks with Students of Top N. Korean School on Exchanges

S. Korean Students Propose Talks with Students of Top N. Korean School on Exchanges

SEOUL, Jun. 15 (Korea Bizwire) — A student committee at Seoul National University (SNU) on Friday proposed holding talks with its counterpart at Kim Il Sung University, North Korea’s most prestigious school of higher learning, in Pyongyang this year to promote exchanges between students of the two schools. The committee seeking inter-Korean exchanges in cooperation [...]

Local Watchers Say Global Franchise Opening in North Still Premature

Local Watchers Say Global Franchise Opening in North Still Premature

SEOUL, Jun. 15 (Korea Bizwire) — Better relations between North Korea and the United States could open up the hermit state to Western brand franchises, a notion that local industry watchers said Friday is possible but premature at this stage. If such a day does come, decisions and preparations would be made by the overseas [...]

Samsung Securities Predicts New Era of Peace

Samsung Securities Predicts New Era of Peace

SEOUL, Jun. 14 (Korea Bizwire) — Samsung Securities forecasts that a new era of “CVIP” will begin in the Korean Peninsula. CVIP is an acronym for Complete, Verifiable, Irreversible Peace, a slight play on CVID (Complete, Verifiable, Irreversible Dismantlement), a stance that the United Stated insisted upon of North Korea’s nuclear program before going into [...]

Talks Being Held to Suspend UFG Exercises

Talks Being Held to Suspend UFG Exercises

SEOUL, Jun. 14 (Korea Bizwire) — The Ulchi-Freedom Guardian (UFG) military exercises to be held jointly by U.S. and South Korean military forces in August are expected to be suspended while the U.S. and North Korea continue to hold talks, along with other ROK-U.S. joint exercises. The decision has come after American President Donald Trump’s [...]

Banks Preparing for Possible Resumption of Inter-Korean Projects

Banks Preparing for Possible Resumption of Inter-Korean Projects

SEOUL, Jun. 14 (Korea Bizwire) — South Korean banks have stepped up preparations for a possible resumption of economic projects in North Korea, as a historic summit between U.S. President Donald Trump and North Korean leader Kim Jong-un raised hopes of more reconciliation between Seoul and Pyongyang. After about five hours of talks in Singapore [...]