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 [...]
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 [...]