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North Korean Leader OKs Deployment of New Missile for Action

North Korean Leader OKs Deployment of New Missile for Action

SEOUL, May 22 (Korea Bizwire) – North Korean leader Kim Jong-un has approved the deployment of a new intermediate-range ballistic missile for combat use as the country succeeded in test-firing it, Pyongyang’s state media said Monday.  North Korea’s leader observed the launch of the ground-to-ground Pukguksong-2 missile, expressing satisfaction with its accuracy in hitting targets, [...]

Home Appliances, Cars from China Dominating N. Korea

Home Appliances, Cars from China Dominating N. Korea

BEIJING, May 22 (Korea Bizwire) – Chinese-made electronic goods and cars are completely dominating the North Korean market amid the United Nations’ years-long tough economic sanctions against its unwavering nuclear and missile development, the office of the Korea Trade-Investment Promotion Agency (KOTRA) here said Sunday.  The North imported US$75.04 million worth of LCD TVs from [...]

Gas Prices in N. Korea on Sharp Increase

Gas Prices in N. Korea on Sharp Increase

SEOUL, May 11 (Korea Bizwire) – Gas prices in North Korea have skyrocketed amid rumors that China might control its oil supply to the troublesome ally to comply with the international community’s sanctions against the North’s nuclear development, a U.S. broadcaster said Thursday.  Gas stations in Pyongyang recently raised oil prices by more than 85 [...]

N. Korea Unveils ‘Satellite Photos’ of THAAD in S. Korea

N. Korea Unveils ‘Satellite Photos’ of THAAD in S. Korea

SEOUL, May 11 (Korea Bizwire) — North Korea has unveiled what it claims are satellite images of the Terminal High Altitude Area Defense (THAAD) system recently deployed in South Korea, a move aimed at flaunting the country’s capability to gather intelligence against Seoul. The North’s state-run Korean Central TV Broadcasting Station aired two pictures showing [...]

S. Korea Offers Largest Amount of Cash, Goods to N.K. in 2003-2008: Data

S. Korea Offers Largest Amount of Cash, Goods to N.K. in 2003-2008: Data

SEOUL, Apr. 28 (Korea Bizwire) — South Korea provided the largest amount of cash and products to North Korea between 2003 and 2008 under the liberal administration of late President Roh Moo-hyun, Seoul’s unification ministry said Thursday. The government and civic groups offered a combined US$4.36 billion to North Korea under the Roh administration, followed [...]