North Korea expressed regret over its landmine attack and promised to make efforts toward provocations not recurring, National Security Adviser Kim Kwan-jin, told reporters after returning to Seoul from the border village of Panmunjom. Kim described the North’s move as “very meaningful.” The deal came hours after President Park Geun-hye warned South Korea would take [...]
PYONGYANG, Aug. 23 (Korea Bizwire) — In spite of sharp military tension on the peninsula, it appeared to be business as usual for North Koreans in Pyongyang. Citizens were seen in a relatively calm mood, some walking busily across the plaza in front of the Pyongyang Station and others warmly chatting. Yonhap News Agency, South [...]
SEOUL, Aug. 21 (Korea Bizwire) - Curiosity is mounting over when “5 p.m., August 22″ will be. North Korea has set an ultimatum that South Korea should either stop its propaganda broadcasting, or else be subject to military action. The message was sent on August 20, around 5 p.m. However, controversy has arisen with regards [...]
SUWON, CHUNCHEON, Aug. 21 (Korea Bizwire) – With tension growing after the renewal of hostilities between the two Koreas, parents of youth soccer players who went to North Korea are viewing the most recent developments with increasing worry. The 2015 International Youth U-15 (under 15) soccer tournament will take place at Rungnado Stadium in Pyeongyang, [...]
SEOUL, Aug. 14 (Korea Bizwire) – North Korea’s decision to reset its standard time from this week could cause confusion for South Korean businessmen going to the Kaesong industrial complex in the North, with Pyongyang yet to explain any changes to entry rules, officials said Friday. Pyongyang had announced it is rolling back its standard [...]
SEOUL, Aug. 14 (Korea Bizwire) – Various insurance products are said to have appeared in North Korea, including mobile phone insurance and insurance for fruit farms. The Korea National Insurance Company (KNIC), the state-run insurance company in North Korea, revealed on their homepage that issues related to mobile phone insurance were discussed at the annual [...]
SEOUL, Aug. 12 (Korea Bizwire) – The search/reconnaissance operations of South Korean troops in the DMZ will be taking on more aggressive tactics. Before, the rules of engagement were ‘verbal warning, warning shot, aimed shot’, but now, it will be simplified to just ‘aimed shot’. Officials from the Ministry of National Defense (MND) say that they will change [...]
SEOUL, Aug. 11 (Korea Bizwire) – After a serious landmine incident in the demilitarized zone (DMZ), which resulted in severe injuries to two South Korean staff sergeants, the problem of mines in Korea is surfacing again. In the DMZ, a buffer zone between the military forces of the two Koreas, more than one million landmines (officially) [...]
SEOUL, July 24 (Korea Bizwire) – It has been reported that the number of subscribers to North Korean propaganda SNS channels is soaring. As of July 24, there were 11,756 subscribers to a YouTube channel named “uriminzokkiri.” The channel features propaganda video clips about North Korea, and is run by its Committee for Peaceful Reunification. [...]
Seoul, July 20 (Korea Bizwire) – The Ministry of Unification and Jeil Worldwide have announced the launch of a project called ‘The Piano of Unification’ to draw interest to the topic of unification, and celebrate the 70th anniversary of Korean independence. ‘The Piano of Unification’ project will feature a piano made from the barbed-wire fence dividing [...]