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S. Korean Students Propose Talks with Students of Top N. Korean School on Exchanges

S. Korean Students Propose Talks with Students of Top N. Korean School on Exchanges

SEOUL, Jun. 15 (Korea Bizwire) — A student committee at Seoul National University (SNU) on Friday proposed holding talks with its counterpart at Kim Il Sung University, North Korea’s most prestigious school of higher learning, in Pyongyang this year to promote exchanges between students of the two schools. The committee seeking inter-Korean exchanges in cooperation [...]

Local Watchers Say Global Franchise Opening in North Still Premature

Local Watchers Say Global Franchise Opening in North Still Premature

SEOUL, Jun. 15 (Korea Bizwire) — Better relations between North Korea and the United States could open up the hermit state to Western brand franchises, a notion that local industry watchers said Friday is possible but premature at this stage. If such a day does come, decisions and preparations would be made by the overseas [...]

Samsung Securities Predicts New Era of Peace

Samsung Securities Predicts New Era of Peace

SEOUL, Jun. 14 (Korea Bizwire) — Samsung Securities forecasts that a new era of “CVIP” will begin in the Korean Peninsula. CVIP is an acronym for Complete, Verifiable, Irreversible Peace, a slight play on CVID (Complete, Verifiable, Irreversible Dismantlement), a stance that the United Stated insisted upon of North Korea’s nuclear program before going into [...]

Talks Being Held to Suspend UFG Exercises

Talks Being Held to Suspend UFG Exercises

SEOUL, Jun. 14 (Korea Bizwire) — The Ulchi-Freedom Guardian (UFG) military exercises to be held jointly by U.S. and South Korean military forces in August are expected to be suspended while the U.S. and North Korea continue to hold talks, along with other ROK-U.S. joint exercises. The decision has come after American President Donald Trump’s [...]

Banks Preparing for Possible Resumption of Inter-Korean Projects

Banks Preparing for Possible Resumption of Inter-Korean Projects

SEOUL, Jun. 14 (Korea Bizwire) — South Korean banks have stepped up preparations for a possible resumption of economic projects in North Korea, as a historic summit between U.S. President Donald Trump and North Korean leader Kim Jong-un raised hopes of more reconciliation between Seoul and Pyongyang. After about five hours of talks in Singapore [...]

S. Korean Mid-tier Companies Interested in Biz Opportunities in N. Korea

S. Korean Mid-tier Companies Interested in Biz Opportunities in N. Korea

SEOUL, Jun. 10 (Korea Bizwire) — South Korean companies are gradually moving to position themselves to enter North Korea’s largely untapped market once international sanctions are lifted, corporate sources here said Sunday. Several mid-tier companies have expressed interest in the North amid growing predictions that some sort of resolution can be reached on Pyongyang’s decadeslong [...]

S. Korean Steel Makers to Enjoy Potential Benefits from N. Korea: Analysts

S. Korean Steel Makers to Enjoy Potential Benefits from N. Korea: Analysts

SEOUL, Jun. 3 (Korea Bizwire) — South Korean steel makers could see benefits from North Korea’s possible economic opening following the planned summit between U.S. President Donald Trump and North Korean leader Kim Jong-un, analysts here said Sunday. Trump said after a meeting with Kim’s top envoy at the White House that he will meet [...]

S. Korean University Students Push for Exchanges with North

S. Korean University Students Push for Exchanges with North

SEOUL, Jun. 1 (Korea Bizwire) — Students of Seoul National University (SNU) said Friday that they have asked the Ministry of Unification to approve contact with students of Kim Il Sung University, North Korea’s most prestigious school of higher learning, to discuss academic exchanges. The SNU students, who recently launched a promotion committee for inter-Korean [...]