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Navy to get new submarine

Navy to get new submarine

SEOUL, Jan. 19 (Korea Bizwire) – South Korea’s Navy will receive a new diesel-electric air-independent propulsion submarine Friday capable of staying underwater more than 10 days, the state arms agency said. The Defense Acquisition Program Administration (DAPA) plans to deliver the Hong Beom Do submarine to the Navy in a ceremony at the shipyard of Hyundai Heavy Industries in Ulsan. Named after a respected independent fighter during Japan’s [...]

North Korea Opens New Ski Resort

North Korea Opens New Ski Resort

SEOUL, Jan. 8 (Korea Bizwire) — North Korea has completed construction of a new ski resort in its northern region, the country’s state media reported Monday. Located on the outskirts of Kanggye, Jagang Province, near the border with China, the resort opened a day earlier in an official ceremony attended by senior party officials there, [...]

Lawmakers Warn of Over-Hyped Optimism After North Korea Reopens Communications Channel

Lawmakers Warn of Over-Hyped Optimism After North Korea Reopens Communications Channel

SEOUL, Jan. 4 (Korea Bizwire) – North Korea has reopened a cross-border communications channel with South Korea nearly two years after the shutdown of the Kaesong Industrial Complex. Two Koreas had their first contact via a hotline that has been suspended for 23 months on Wednesday. The surprising news came only hours after a senior North [...]