SEOUL, Dec. 31 (Korea Bizwire) — China is preparing for North Korea’s opening by reforming border areas of North Korea and China. Along the border, China has been expanding its infrastructure and adjusting the standard of commercial facilities. Such preparations occurred as a result of the progress shown between North Korea and the United Nations [...]
SEOUL, Dec. 20 (Korea Bizwire) — The economic gap between North and South Korea has become even more significant this year. According to Statistics Korea, South Korea’s income per capita in 2017 was 23 times larger than that of North Korea. Considering the fact that the gap was 22 times in 2016, the gap grew [...]
SEOUL, Dec. 20 (Korea Bizwire) — With the active use of mobile phones in North Korea increasing, suggestions have been made that the two Koreas should cooperate to introduce mobile financial services in North Korea and ultimately create a unified Korean Peninsula network. According to the IBK Economic Research Institute on North Korea, there are [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korea and the United States are considering renaming their major annual combined exercises, apparently as part of efforts to support ongoing diplomacy with North Korea, a military source in Seoul said Monday. The allies have been in consultation on their overall plans for next year’s exercises, such as [...]
SEOUL, Dec. 10 (Korea Bizwire) — Nearly half of South Korean adults are in favor of North Korean leader Kim Jong-un making an address at the National Assembly if he comes to Seoul, a poll showed Monday. The survey of 503 South Koreans nationwide by local pollster Realmeter showed 46.7 percent of respondents consenting to [...]
SEOUL, Dec. 6 (Korea Bizwire) — More than six out of 10 South Koreans are in favor of North Korean leader Kim Jong-un’s potential visit to Seoul on hopes for peace on the Korean Peninsula, a poll showed Thursday. In a survey of 500 adults nationwide, 61.3 percent of respondents said that they welcome Kim’s [...]
SEOUL, Dec. 5 (Korea Bizwire) — North Korean officials have been successful in releasing smelt into Heaven Lake on Mt. Paektu. According to state-owned media reports, North Korean officials were able to confirm that the fish were indeed living in Heaven Lake, a year after they were released. According to the reports, North Korean researchers [...]
SEOUL, Nov. 29 (Korea Bizwire) — Ri Yong-ho, the North Korean Minister of Foreign Affairs, is planning to visit Vietnam for four days starting today. During his visit, Ri is expected to experience firsthand Vietnam’s Doi Moi policy, a series of economic reforms initiated in 1986 with the goal of creating a “socialist-oriented market economy.” [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea sent about 50 tons of pesticides to North Korea on Thursday to help it combat the spread of pine tree diseases, the unification ministry said. Trucks carrying the chemicals crossed into the North via the western land route at around 8:30 a.m., according to the ministry. They [...]
SEOUL, Nov. 28 (Korea Bizwire) — South and North Korea agreed Wednesday to launch an 18-day inspection of two railways running through the eastern and western parts of the North later this week as part of efforts to modernize and reconnect cross-border rail lines. In the survey set to kick off Friday, railway officials of [...]