SEOUL, Jun. 12 (Korea Bizwire) — South Korean retailers are expressing optimism over new business opportunities in North Korea in the wake of the recent rapprochement on the Korean Peninsula as U.S. President Donald Trump and North Korean leader Kim Jong-un held a historic summit on Tuesday. After holding the talks in Singapore, the two [...]
SEOUL, Nov. 13 (Korea Bizwire) – South Korean companies that operated factories at the now-shuttered joint industrial park in North Korea said Monday they will accept the tens of billions of won in compensation recently offered by the government, yet decided to seek additional support. On Friday, the government said it will provide compensation to hundreds of domestic companies who suffered losses [...]
SEOUL, Nov. 10 (Korea Bizwire) – South Korea said Friday it will provide more compensation to domestic companies for their losses stemming from investments in inter-Korean projects which have now been suspended due to political tension. The support will be given to those involved in the joint industrial complex in Kaesong closed in 2016, the [...]