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S. Korea Assures Foreign Diplomats of Security of PyeongChang Olympics

S. Korea Assures Foreign Diplomats of Security of PyeongChang Olympics

SEOUL, Oct. 20 (Korea Bizwire) – South Korea on Friday assured foreign diplomats and executives of foreign companies operating in the country of its efforts to ensure the safety of the 2018 PyeongChang Winter Olympics and Paralympics.  The Ministry of Foreign Affairs briefed around 100 diplomats from embassies and business people on the measures being [...]

South Korea, U.N. Population Agency Discuss North Korea Census Plan

South Korea, U.N. Population Agency Discuss North Korea Census Plan

SEOUL, Oct. 20 (Korea Bizwire) – South Korea’s unification minister met with the head of a U.N. agency on population Friday to discuss Seoul’s possible support for its census on North Korea, government officials said. Minister Cho Myoung-gyon held talks with Natalia Kanem, executive director of the United Nations Population Fund (UNFPA), who is in Seoul for a forum on population, according to the Ministry of Unification. Cho emphasized the [...]

North Korea Stops Provocation Temporarily Amid Trump Visit Next Month

North Korea Stops Provocation Temporarily Amid Trump Visit Next Month

SEOUL, Oct. 20 (Korea Bizwire) – More than a month has passed since North Korea’s last military provocation, an intermediate-range ballistic missile launch, with U.S. President Donald Trump set to visit South Korea within a few weeks. The gap between the North Korean government’s controversial missile tests is the longest hiatus of military provocation since South [...]

Foreigners Sell S. Korean Stocks and Bonds for Second Straight Month over N. Korea Risks

Foreigners Sell S. Korean Stocks and Bonds for Second Straight Month over N. Korea Risks

SEOUL, Oct. 18 (Korea Bizwire) — Foreign investors offloaded South Korean stocks and bonds worth US$4.3 billion in September due to profit-taking amid North Korea risks, the central bank said Wednesday. Foreign investors sold local stocks and bonds worth $830 million and $3.47 billion, respectively, the Bank of Korea (BOK) said. It marked the second [...]

North Korea’s AI Technology at Breaking Point, Report Says

North Korea’s AI Technology at Breaking Point, Report Says

SEOUL, Oct. 17 (Korea Bizwire) — A new report has claimed North Korea’s artificial intelligence technology has reached a breaking point as a result of the country’s poor economic standing and sanctions by the international community, despite having made ‘significant’ technological advances in the past. According to the report released by researcher Kim Min-gwan at [...]

South Korea and Denmark Urge North Korea to Fully Comply with Resolutions

South Korea and Denmark Urge North Korea to Fully Comply with Resolutions

SEOUL, Oct. 13 (Korea Bizwire) – The top diplomats of South Korea and Denmark “strongly” condemned North Korea’s continued provocations on Friday, calling for Pyongyang to “fully” and “completely” comply with multiple U.N. Security Council resolutions. Foreign Minister Kang Kyung-wha and her Danish counterpart Anders Samuelsen emphasized those points in a joint press statement issued [...]

North Korea Gives Only One Day for Chuseok In Contrast to Largely Celebrated Leaders’ Birthdays

North Korea Gives Only One Day for Chuseok In Contrast to Largely Celebrated Leaders’ Birthdays

SEOUL, Oct. 2 (Korea Bizwire) – North Koreans are given a single day’s holiday for Chuseok, the traditional Korean autumn harvest feast, in contrast to the more extravagant manner in which its late leaders’ birthdays are celebrated. South Koreans have entered into a unusually long 10-day holiday for Chuseok, which falls on Wednesday, as the [...]

Consumer Sentiment Drops in September on Geopolitical Concerns with China and North Korea

Consumer Sentiment Drops in September on Geopolitical Concerns with China and North Korea

SEOUL, Sept. 26 (Korea Bizwire) — South Korea’s consumer confidence fell for the second month in a row in September on the North Korea risk and Seoul’s row with Beijing over a missile defense system, a central bank poll showed Tuesday. The composite consumer sentiment index for September stood at 107.7, down 2.2 points from [...]