SEOUL, Aug. 11 (Korea Bizwire) – KOMSCO (the Korea Minting and Security Printing Corporation) unveiled ‘Unification Medals’ Thursday ahead of the 71st Liberation Day, celebrated yearly on August 15. The medals come in four different types: a gold medal (62.2g gold; 5.5 million won), gold-silver medal (7.5g gold, 1kg silver; 2.97 million won), silver medal [...]
SEOUL, Aug. 11 (Korea Bizwire) – North Korea has sold fishing rights in the East Sea to China, in addition to the ones it sold in the Yellow Sea, a government source said Thursday. The source from the intelligence agency said US$75 million coming from these fishing license sales annually goes to North Korean leader [...]
SEOUL, Aug. 10 (Korea Bizwire) – South Korea on Wednesday said it is nonsense to talk about reopening the now-shuttered joint industrial park with North Korea, as the communist country is continuing to move forward with its development of nuclear weapons and missiles. Six months ago, Seoul shut down the Kaesong Industrial Complex in the North’s [...]
SEOUL, Aug. 10 (Korea Bizwire) – South Korea’s military said Wednesday it will upgrade thermal observation devices (TODs) installed at the heavily fortified inter-Korean border to cope with growing threats from North Korea. The upgrade aims to closely monitor and detect any provocative movements from the North along the Demilitarized Zone (DMZ). In August last [...]
SEOUL, Aug. 9 (Korea Bizwire) – Only North Korea can deny that poverty and famine have swept across its population: the painful reality is that hardship even affects North Korean soldiers, who are portrayed on state TV as being brave and valiant. According to local sources from Daily NK on Monday, the North Korean military [...]
SEOUL, Aug. 9 (Korea Bizwire) – South Korea plans to deploy dozens of “jamming proof” air-to-ground guided missiles that can be carried on its F-15K fighters in a bid to bolster its strike capabilities amid mounting military threats from North Korea, military officials said Tuesday. Dozens of Taurus missiles will be brought in from Germany [...]
SEOUL, Aug. 9 (Korea Bizwire) – South Korea’s per capita income could plunge by up to 30 percent if the divided two Koreas are unified, a report showed Tuesday. In the report to assess a unified peninsula’s economic potential, the Korea Development Institute (KDI) estimated that South Korea’s per capita gross national income (GNI) could [...]
SEOUL, Aug. 8 (Korea Bizwire) – Good news for the bounty hunters out there: $50 million is up for grabs for capturing Kim Jong-un, North Korea’s supreme leader. A North Korean defectors’ organization dropped 100,000 copies of the leaflet shown in the photo in North Korea on Saturday. The ‘wanted’ leaflet makes note of the [...]
PAJU, Aug. 4 (Korea Bizwire) – Soldiers from the South Korean Army’s 1st Infantry Division held a ceremonial event entitled ‘Remember 804’ at Imjingak Pavilion in Paju to mark the first anniversary of the North Korean landmine attack on August 4, 2015, which left two South Korean soldiers severely wounded. “You may forget about us, but [...]
SEOUL, Aug. 3 (Korea Bizwire) – North Korea on Wednesday fired off a ballistic missile into waters off its east coast, the South Korean military said, in an apparent show of force against the deployment of an advanced U.S. missile defense system. North Korea launched a missile into the East Sea from its western province [...]