SEOUL, Nov. 4 (Korea Bizwire) — South and North Korea raised yellow flags at 11 guard posts each along their heavily fortified border on Sunday in a first step toward dismantling the posts under a military agreement reached as part of September’s summit. The two sides hoisted the 4-meter by 3-meter flag at each of [...]
SEOUL, Nov. 2 (Korea Bizwire) – South Korea’s spy agency is analyzing a soil sample collected from around North Korea’s nuclear test site, which Pyongyang demolished in May, lawmakers said Friday. In a briefing to the parliamentary intelligence committee this week, the National Intelligence Service (NIS) also said it is monitoring North Korean leader Kim Jong-un’s health [...]
SEOUL, Oct. 30 (Korea Bizwire) — Nine out of 10 North Korean defectors believed inter-Korean unification was very much needed when they lived in the North, according to a poll released Tuesday. The poll, based on interviews with 87 defectors, by the Institute for Peace and Unification Studies at Seoul National University, showed 90.8 percent [...]
SEOUL, Oct. 30 (Korea Bizwire) — North Korea is an ideal location for the construction of smart cities, a South Korean expert has said, proposing concrete measures to boost inter-Korean economic cooperation. Min Kyung-tae, a North Korea expert at the Seoul-based Yeosijae, Future Consensus Institute, said that it is very efficient to build smart cities [...]
SEOUL, Oct. 26 (Korea Bizwire) — The Asahi Shimbun, one of the leading newspapers in Japan, reported yesterday that North Korea had included a beverage similar to cola in a catalogue that the country publishes to introduce its export products to visitors to North Korea and foreign buyers. The catalogue published by the North Korean [...]
SEOUL, Oct. 26 (Korea Bizwire) — South Korea is pushing to set up an inter-Korean joint volcano observatory at Mount Paekdu on the North Korean-Chinese border, officials in Seoul said Friday. The Korea Meteorological Administration has drawn up a medium- and long-term plan to establish a facility to observe volcanic activities on the mountain, together [...]
BUSAN/SUWON, Oct. 25 (Korea Bizwire) — Local governments in South Korea are accelerating various exchange and cooperation projects with North Korea amid the improving inter-Korean relationship. Busan’s Vice Mayor for Economic Affairs Yoo Jae-soo, Gyeonggi Province’s Vice Governor for Peace Lee Hwa-young and Sejong City’s Vice Mayor for Political Affairs Lee Kang-jin have returned from [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korea may have to pay around 200 billion won (US$175.9 million) annually for transit fees to North Korea if it imports Russian natural gas via a trans-Korea pipeline, an estimate by the state-run gas firm showed Tuesday. The Korea Gas Corp. (KOGAS) calculated the transit fees at the [...]
VATICAN CITY, Oct. 22 (Korea Bizwire) — Pope Francis has given the impression that he has a strong willingness to visit North Korea, a senior South Korean bishop said Monday. Lazarus You Heung-sik, who heads the Daejeon diocese, spoke in an interview with Yonhap News Agency at Casa Santa Marta in the Vatican, three days [...]
SEOUL, Oct. 23 (Korea Bizwire) — Six out of 10 South Korean venture companies with overseas operations are willing to invest in North Korea if inter-Korean economic cooperation is revitalized, according to a poll released Tuesday. In the survey of 267 venture companies by the Small and Medium Business Corporation, over 60 percent reacted positively [...]