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Banks Ramp Up Prep for Possible Inter-Korean Cooperation

Banks Ramp Up Prep for Possible Inter-Korean Cooperation

SEOUL, May 21 (Korea Bizwire) — South Korean banks are redoubling efforts to tap into possible business opportunities in North Korea in the wake of a recent thaw in inter-Korean relations, sources said Monday. The two Koreas held a historic summit in late April, adopting a joint declaration that focuses on working toward a complete [...]

North Korea Wary of Bolton’s Involvement in Talks

North Korea Wary of Bolton’s Involvement in Talks

SEOUL, May 17 (Korea Bizwire) – The headline of an article published last month on “The Hill,” a U.S.-based political magazine, reads “Trump, don’t let John Bolton blow up the North Korea talks.” Tom Z. Collina and Catherine Killough, the writers of the opinion article, are avid supporters of denuclearization efforts. They work for Ploughshares Fund, [...]

Observatory Overlooking North Korea Increasingly Popular

Observatory Overlooking North Korea Increasingly Popular

GOSEONG, May 17 (Korea Bizwire) — More than 1,800 visitors have flocked to Military Observatory 717OP (also known as Mt. Kumgang Observator”) that has opened temporarily in time for the spring. The local government of Goseong County in Gangwon Province announced yesterday that 1,863 guests had visited South Korea’s northernmost military observatory between April 28 [...]

State Resources Firms Prep for Possible Inter-Korean Projects

State Resources Firms Prep for Possible Inter-Korean Projects

SEOUL, May 15 (Korea Bizwire) — South Korea’s state resources developers are gearing up for potential inter-Korean projects amid growing hopes for economic cooperation with North Korea following a landmark summit, sources said Tuesday. At the end of the historic summit in late April, the leaders of South and North Korea adopted a joint declaration [...]

Firms Making Inquiries About Opening Operations at Now-shuttered Kaesong Complex

Firms Making Inquiries About Opening Operations at Now-shuttered Kaesong Complex

SEOUL, May 13 (Korea Bizwire) — A number of firms are making inquiries about the now-shuttered joint industrial complex in North Korea’s border city of Kaesong, industry sources said Sunday, as the two Koreas move to implement a set of agreements signed during their leaders’ historic summit last month. According to the insiders from a [...]

Possible Shift in S. Korean Govt’s “Northern Economic Cooperation” Policy

Possible Shift in S. Korean Govt’s “Northern Economic Cooperation” Policy

SEOUL, May 1 (Korea Bizwire) — A shift in the government’s Northern Economic Cooperation policy is expected as economic cooperation between the two Koreas seems more likely to materialize following the adoption of the Panmunjom Declaration. The Ministry of Trade, Industry and Energy has initiated internal assessments to prepare for a new age of inter-Korea [...]