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 [...]
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 [...]
SEOUL, Jun. 10 (Korea Bizwire) – Yuhan-Kimberly Ltd., a maker of sanitary products in South Korea, indicated Sunday that it could provide seedlings to North Korea if South and North Korea agree to join hands for a forestation project in the North. Yuhan-Kimberly said it will provide seedlings to ensure they can be planted in [...]
SEOUL, Jun. 8 (Korea Bizwire) — As South and North Korea continue to reconcile their differences, those in South Korea’s media circles are working behind the scenes to resume exchanges with North Korean press halted more than a decade ago. Experts also say it is essential to for South Korean journalists to meet with their [...]
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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, May 23 (Korea Bizwire) -- South Koreans who perceive North Korea as a partner for cooperation and favor the reunification of the two countries have increased significantly this year, according to a survey released on Wednesday. The poll of 1,002 adults nationwide conducted by the state-run Korea Institute for National Unification (KINU) from April [...]
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 [...]