SEOUL, Nov. 7 (Korea Bizwire) – North Korea has rejected Hyundai Asan Corp.’s request to hold a ceremony in the reclusive country later this month to mark the anniversary of the launch of a now-suspended inter-Korean tour program, industry source said Tuesday. The company had received a green light from Seoul’s unification ministry to contact [...]
SEOUL, Nov. 1 (Korea Bizwire) – North Korea is aggressively registering its trademarks amid its leader Kim Jong-un’s repeated order to produce “world-class” consumer products, a U.S. broadcaster said Wednesday. The North recently registered three trademarks with the World Intellectual Property Organization (WIPO), including those of the Ryukyung Kimchi Factory and the Pyongyang Bag Factory, [...]
SEOUL, Oct. 27 (Korea Bizwire) – United States Secretary of Defense James Mattis committed to close cooperation with South Korea in advance of any possible action against North Korea, during his talks with South Korea’s top diplomat, the foreign ministry said. “Secretary Mattis reaffirmed the unchangingly solid South Korea-U.S. alliance and said he will have [...]
SEOUL, Oct. 24 (Korea Bizwire) – Aboard a U.S. aircraft carrier on Tuesday, the chiefs of the South Korean military and the American troops stationed in South Korea reaffirmed combined combat readiness, sending a strong warning against North Korea’s potential provocations. Gen. Jeong Kyeong-doo, chairman of the Joint Chiefs of Staff (JCS), and U.S. Forces Korea chief Gen. Vincent Brooks met on the U.S. aircraft carrier USS Ronald Reagan that was anchored off [...]
SEOUL, Oct. 20 (Korea Bizwire) – South Korea on Friday assured foreign diplomats and executives of foreign companies operating in the country of its efforts to ensure the safety of the 2018 PyeongChang Winter Olympics and Paralympics. The Ministry of Foreign Affairs briefed around 100 diplomats from embassies and business people on the measures being [...]
SEOUL, Oct. 20 (Korea Bizwire) – South Korea’s unification minister met with the head of a U.N. agency on population Friday to discuss Seoul’s possible support for its census on North Korea, government officials said. Minister Cho Myoung-gyon held talks with Natalia Kanem, executive director of the United Nations Population Fund (UNFPA), who is in Seoul for a forum on population, according to the Ministry of Unification. Cho emphasized the [...]
SEOUL, Oct. 20 (Korea Bizwire) – More than a month has passed since North Korea’s last military provocation, an intermediate-range ballistic missile launch, with U.S. President Donald Trump set to visit South Korea within a few weeks. The gap between the North Korean government’s controversial missile tests is the longest hiatus of military provocation since South [...]
SEOUL, Oct. 19 (Korea Bizwire) – New government data has revealed that North Korean leader Kim Jong-un has made significantly fewer public appearances this year, while focusing on military activities. According to data released by the Ministry of Unification on Wednesday, Kim had appeared in public on 75 occasions from the beginning of this year [...]
SEOUL, Oct. 18 (Korea Bizwire) — Foreign investors offloaded South Korean stocks and bonds worth US$4.3 billion in September due to profit-taking amid North Korea risks, the central bank said Wednesday. Foreign investors sold local stocks and bonds worth $830 million and $3.47 billion, respectively, the Bank of Korea (BOK) said. It marked the second [...]
SEOUL, Oct. 17 (Korea Bizwire) — A new report has claimed North Korea’s artificial intelligence technology has reached a breaking point as a result of the country’s poor economic standing and sanctions by the international community, despite having made ‘significant’ technological advances in the past. According to the report released by researcher Kim Min-gwan at [...]