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 [...]
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 [...]
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 [...]
SEOUL, Oct. 19 (Korea Bizwire) – New government data has revealed that North Korean leader Kim Jong-un has made significantly fewer public appearances this year, while focusing on military activities. According to data released by the Ministry of Unification on Wednesday, Kim had appeared in public on 75 occasions from the beginning of this year [...]
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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, Sept. 29 (Korea Bizwire) – Minister of Foreign Affairs Kang Kyung Hwa made a TV appearance on September 28 to discuss U.N. sanctions on North Korea. On the broadcast, Kang said she had met with and discussed the sanctions with Chinese counterpart Wang Yi while she was in New York. She noted that the [...]
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 [...]