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Regulator to Grant 2 Internet-only Bank Permits Next Year

Regulator to Grant 2 Internet-only Bank Permits Next Year

SEOUL, Sept. 21 (Korea Bizwire) — The financial regulator said Friday it will give preliminary approval next year for two groups to launch Internet-only banks, as the government aims to reinvigorate the banking industry. Choi Jong-ku, chairman of the Financial Services Commission (FSC), made the remarks a day after the National Assembly passed a bill [...]

Moon Chung-in: “Kim Jong-un’s Decision to Visit Seoul Was His Alone”

Moon Chung-in: “Kim Jong-un’s Decision to Visit Seoul Was His Alone”

SEOUL, Sept. 20 (Korea Bizwire) – Moon Chung-in, the Special Advisor to South Korean President Moon Jae-in for Foreign Affairs and National Security, said yesterday that North Korean leader Kim Jong-un’s promise to visit Seoul was a single-handed decision made by Kim. Speaking at a briefing held at the press center at Pyongyang’s Koryo Hotel, [...]

Animal Activist Group Asks Society to Question Necessity of Zoos after Puma Shot and Killed

Animal Activist Group Asks Society to Question Necessity of Zoos after Puma Shot and Killed

SEOUL, Sept. 20 (Korea Bizwire) — Animal rights activist group CARE is pushing for a manual that would allow zookeepers to better handle animals that escape from their cages in response to an incident in Daejeon where a puma had to be shot after escaping from its cage. In a press released, CARE stated that [...]

Ri Sol-Ju: “Pyongyang Naengmyeon More Famous After Previous Summit”

Ri Sol-Ju: “Pyongyang Naengmyeon More Famous After Previous Summit”

SEOUL, Sept. 20 (Korea Bizwire) — Pyongyang naengmyeon, a popular cold noodle dish, once again shared the spotlight during the inter-Korean summit currently taking place in Pyongyang. The dish garnered significant media attention at the previous summit at Panmunjom in April, when North Korean officials brought a noodle making machine with them. Yesterday, President Moon [...]

6 in 10 S. Koreans Support Cooperation with N. Korea Before Denuclearization: Poll

6 in 10 S. Koreans Support Cooperation with N. Korea Before Denuclearization: Poll

SEOUL, Sept. 20 (Korea Bizwire) — Six in 10 South Korean adults consent to expanding inter-Korean exchanges and cooperation prior to the denuclearization of North Korea, a poll showed Thursday. The survey was conducted on 501 adults nationwide by Seoul-based pollster Realmeter soon after President Moon Jae-in and North Korean leader Kim Jong-un announced their [...]