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Koreas Reach Deal on Land Use Fee at Kaesong Complex

Koreas Reach Deal on Land Use Fee at Kaesong Complex

SEOUL, Dec. 24 (Korea Bizwire) – South and North Korea have reached an agreement on the land use fee amount for South Korean firms operating a joint industrial park across the border, the Unification Ministry announced Thursday. The deal calls for South Korean firms at Kaesong Industrial Complex to pay US$0.64 per square meter every [...]

Photographer’s Video of N.Korean Pizzeria Going Viral

Photographer’s Video of N.Korean Pizzeria Going Viral

SEOUL, Dec.24 (Korea Bizwire) – A video clip of a pizzeria in North Korea taken by a Singaporean photographer is attracting the attention of internet users. Aram Pan from Singapore uploaded a seven-minute video clip called Ryung Song Pizza Restaurant to Youtube. The video contains footage of him and his colleagues going to the pizzeria [...]

S. Korea Rejects Bartering with N. Korea

S. Korea Rejects Bartering with N. Korea

SEOUL, Dec. 17 (Korea Bizwire) – South Korea won’t accept North Korea’s demands simply to achieve its goal of regular reunions for families separated in the 1950-53 Korean War, Seoul’s point man on Pyongyang said Thursday. Unification Minister Hong Yong-pyo was referring to Pyongyang’s demand that the two sides resume a long-stalled tour program to [...]

China Tightlipped on Canceled Concert by N. Korean Music Band

China Tightlipped on Canceled Concert by N. Korean Music Band

SEOUL, Dec. 14 (Korea Bizwire) – China’s foreign ministry Monday said “communication issues at the working level” triggered the sudden cancellation of a well-publicized concert by an all-female band formed by the North’s leader Kim Jong-un. But, it gave little away on what the “communication issues” were, why the concert by North Korea’s Moranbong Band, [...]