SEOUL, Jul. 25 (Korea Bizwire) — A number of local companies that operated factories situated in the Kaesong Industrial Complex are relocating to Vietnam and other countries after being unable to deal with rising labor costs. According to the association of companies that has production facilities in Kaesong, of the 123 companies that operated factories [...]
SEOUL, Jul. 17 (Korea Bizwire) — South Korea and North Korea will try to continue their peacemaking mood through sport by sending joint teams to the 2018 Asian Games in Indonesia. The Koreas agreed to field joint teams in three sports — basketball, canoeing, and rowing — at this year’s Jakarta-Palembang Asian Games, which will [...]
SEOUL, Jul. 11 (Korea Bizwire) — Following formal approval by the government, feature films produced in North Korea will be screened at the 22nd Bucheon International Fantastic Film Festival (BIFAN) to be held for ten days starting tomorrow. Festival organizers included the special screening of nine North Korean films following the conciliatory mood of the [...]
SEOUL, Jul. 9 (Korea Bizwire) — Student-run organizations of all ages have come together to launch a support group that advocates for a so-called “unification train” bound for the North Korean capital of Pyongyang by way of Yongsan Station in Seoul. The network of students composed of members of youth organizations and college student unions [...]
SEOUL, Jul. 9 (Korea Bizwire) — Experts on North Korea say that an increasing number of citizens of the secluded state are buying bottled water for their personal consumption. One explanation for the increase in demand is attributed to the lack of clean water and proper water purification facilities. But another reason for the newfound [...]
SEOUL, Jun. 15 (Korea Bizwire) — The recent summit between North Korea and the U.S. has many people wondering if South Korean President Moon Jae-in’s “new economic initiative” will gain momentum now that North-South relations have begun to thaw. During President Moon’s own meeting with North Korean leader Kim Jong-un, Moon gave Kim a USB [...]
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 [...]
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 [...]
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 [...]
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 [...]