SEOUL, Dec. 8 (Korea Bizwire) — South Korea is expected to begin the process to dismantle the now-defunct Kori-1 nuclear reactor next year, the industry ministry said Friday. As the country’s first commercial nuclear power plant, the Kori-1 reactor in the southeastern city of Busan was permanently closed in June 2017 after some 40 years [...]
SEOUL, Nov. 4 (Korea Bizwire) — South and North Korea raised yellow flags at 11 guard posts each along their heavily fortified border on Sunday in a first step toward dismantling the posts under a military agreement reached as part of September’s summit. The two sides hoisted the 4-meter by 3-meter flag at each of [...]
MOKPO, May 29 (Korea Bizwire) — South Korea’s maritime authorities said Tuesday they have scraped seven Chinese fishing boats that had been seized for illegal fishing in local waters. The decision to break apart the impounded vessels, the first such action taken this year, was taken as the owners of the ships failed to pay [...]