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Biz People Demand Legislation to Compensate for Losses from Tours to Mt. Kumgang

Biz People Demand Legislation to Compensate for Losses from Tours to Mt. Kumgang

SEOUL, July 10 (Korea Bizwire) — An association of South Korean firms involved in a long-suspended tour program to North Korea’s Mount Kumgang urged the government on Friday to push for legislation that would mandate financial compensation for losses from the suspension. The association, comprised of 49 companies who invested in the tour program, made [...]

Bolton Memoir Feared to Deepen U.S.-N.K. Distrust amid Deadlock in Nuke Talks

Bolton Memoir Feared to Deepen U.S.-N.K. Distrust amid Deadlock in Nuke Talks

SEOUL, June 22 (Korea Bizwire) — The memoir of former U.S. National Security Adviser John Bolton is feared to worsen distrust between the United States and North Korea amid their stalled nuclear diplomacy, as it reveals that President Donald Trump’s policy was driven by what Bolton calls “reelection calculations.” In his upcoming book, “The Room [...]

70 Years After Korean War Outbreak, Lasting Peace Still Tall Order

70 Years After Korean War Outbreak, Lasting Peace Still Tall Order

SEOUL, June 21 (Korea Bizwire) — Despite South Korea’s unrelenting drive for reconciliation, North Korea is pivoting to brinkmanship tactics with its venomous rhetoric, demolition of a joint liaison office and military steps in anger over propaganda leaflets sent from the South. The deepening Sino-U.S. rivalry is muddling the prospects of cooperation for regional stability, [...]

Hyundai Asan Devastated over Destruction of Inter-Korean Joint Liaison Office

Hyundai Asan Devastated over Destruction of Inter-Korean Joint Liaison Office

SEOUL, June 18 (Korea Bizwire) – Staff members at Hyundai Asan Corp., the company that pioneered inter-Korean commercial ties, let out a long sigh when the liaison office building was destroyed by North Korean authorities on Wednesday. Hyundai Asan received 10 billion won (US$8.2 million) to renovate the inter-Korean liaison office in Sept. 2018. The [...]