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Archive by category North Korea

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 [...]

Asset Managers Launch ‘Unification Funds’ amid Inter-Korean Thaw

Asset Managers Launch ‘Unification Funds’ amid Inter-Korean Thaw

SEOUL, May 30 (Korea Bizwire) — With inter-Korean ties at their high tide, asset managers in South Korea are scrambling to roll out investment funds focused on firms that may benefit from future inter-Korean economic cooperation, industry sources said Wednesday. South and North Korea are enjoying a thaw in their relations following a couple of [...]

In Another Dramatic Twist, Leaders of Divided Koreas Hold Surprise Meeting

In Another Dramatic Twist, Leaders of Divided Koreas Hold Surprise Meeting

SEOUL, May 26 (Korea Bizwire) – South Korean President Moon Jae-in held a surprise second meeting with North Korean leader Kim Jong-un on Saturday, the presidential office Cheong Wa Dae said, in an apparent move to convince Kim to hold his scheduled summit with U.S. President Donald Trump. “President Moon Jae-in held a second summit [...]

Banks Ramp Up Prep for Possible Inter-Korean Cooperation

Banks Ramp Up Prep for Possible Inter-Korean Cooperation

SEOUL, May 21 (Korea Bizwire) — South Korean banks are redoubling efforts to tap into possible business opportunities in North Korea in the wake of a recent thaw in inter-Korean relations, sources said Monday. The two Koreas held a historic summit in late April, adopting a joint declaration that focuses on working toward a complete [...]

North Korea Wary of Bolton’s Involvement in Talks

North Korea Wary of Bolton’s Involvement in Talks

SEOUL, May 17 (Korea Bizwire) – The headline of an article published last month on “The Hill,” a U.S.-based political magazine, reads “Trump, don’t let John Bolton blow up the North Korea talks.” Tom Z. Collina and Catherine Killough, the writers of the opinion article, are avid supporters of denuclearization efforts. They work for Ploughshares Fund, [...]

Observatory Overlooking North Korea Increasingly Popular

Observatory Overlooking North Korea Increasingly Popular

GOSEONG, May 17 (Korea Bizwire) — More than 1,800 visitors have flocked to Military Observatory 717OP (also known as Mt. Kumgang Observator”) that has opened temporarily in time for the spring. The local government of Goseong County in Gangwon Province announced yesterday that 1,863 guests had visited South Korea’s northernmost military observatory between April 28 [...]

State Resources Firms Prep for Possible Inter-Korean Projects

State Resources Firms Prep for Possible Inter-Korean Projects

SEOUL, May 15 (Korea Bizwire) — South Korea’s state resources developers are gearing up for potential inter-Korean projects amid growing hopes for economic cooperation with North Korea following a landmark summit, sources said Tuesday. At the end of the historic summit in late April, the leaders of South and North Korea adopted a joint declaration [...]

Firms Making Inquiries About Opening Operations at Now-shuttered Kaesong Complex

Firms Making Inquiries About Opening Operations at Now-shuttered Kaesong Complex

SEOUL, May 13 (Korea Bizwire) — A number of firms are making inquiries about the now-shuttered joint industrial complex in North Korea’s border city of Kaesong, industry sources said Sunday, as the two Koreas move to implement a set of agreements signed during their leaders’ historic summit last month. According to the insiders from a [...]