SEOUL, Feb. 7 (Korea Bizwire) – North Korea has developed a new “ultra-precision anti-ship rocket” that will be deployed soon at its naval units following a recent successful test-firing, its state media said Saturday. North Korean leader Kim Jong-un “watched a test-firing of new type of an anti-ship rocket” to be equipped at naval units “before [...]
SEOUL, Feb. 1 (Korea Bizwire) – The South Korean Navy on Sunday inaugurated a submarine command as part of efforts to bolster its underwater capabilities and combat readiness against North Korea. The fleet of the command, based in the southern port city of Jinhae and led by a rear admiral, is composed of 13 submarines [...]
SEOUL, Jan. 30 (Korea Bizwire) — The Korea International Exhibition Center (KINTEX) in Goyang is holding a rare exhibition. The North Korean Art Exhibition, which features 150 paintings from 70 North Korean contemporary painters, will be held at KINTEX from January 29 to March 6. The exhibit is hosted by Springtime Art, a Dutch art foundation. The [...]
“I don’t know enough about the politics there to know what that means for the people, you know, but I do hope that whatever is best for the people will happen.” “I’m glad that the dust has settled on the movie (The Interview) and we’re moving on from that because I’m so excited about this [...]
SEOUL, Jan. 21 (Korea Bizwire) – The Korean government is planning to operate a cross-country railroad on the Korean peninsula and develop links to the Trans-Siberian Railroad (TSR), according to a report to President Park Geun-hye from the Ministry of Unification, the Ministry of Foreign Affairs, the Ministry of National Defense and the Ministry of Patriots’ [...]
SEOUL, Jan. 19 (Korea Bizwire) – South Korea plans to develop military reconnaissance satellites and deploy five units by 2022 as part of efforts to beef up defense capabilities to better deter North Korea’s evolving security threats, military officers said Monday. The plan is part of the defense ministry’s policy goals for this year, which [...]
SEOUL, Jan. 19 (Korea Bizwire) — The overall earnings of ten South Korean companies that are operating in a jointly-run inter-Korean industrial complex have increased by an average of over 10 percent per year since 2005, data showed Monday, indicating that they have been doing relatively well despite political tensions that have emerged over the [...]
WASHINGTON, Jan. 16 (Korea Bizwire) – Commercial satellite imagery shows no signs of preparations for a nuclear blast at North Korea’s underground test site, the website 38 North said Friday. “As a result, a fourth nuclear test seems unlikely in the near-term, for at least the next two to three months,” the website said. “However, [...]
WASHINGTON, Jan. 2 (Korea Bizwire) – The United States announced retaliatory sanctions on North Korea on Friday in response to the communist nation’s alleged cyber-attacks on Sony Pictures, warning the actions are just the “first aspect” of its response. President Barack Obama signed an executive order authorizing additional sanctions on North Korean individuals and entities [...]
SEOUL, Dec. 28 (Korea Bizwire) – North Korea again denied its involvement in the hacking of South Korea’s nuclear power station operator Sunday, calling the allegation “a trumped-up plot against the communist country.” The state-run Korea Hydro & Nuclear Power Co. (KHNP) has suffered a series of cyber attacks that has raised safety concerns in a [...]