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China Urges N. Korea to Not Escalate Tensions After Missile Launch

China Urges N. Korea to Not Escalate Tensions After Missile Launch

BEIJING, June 8 (Korea Bizwire) – China urged North Korea not to escalate tensions after the country launched what are believed to be several cruise missiles. “Under the current environment, the countries concerned should not provoke each other or take any action that could escalate regional tensions,” China’s foreign ministry spokeswoman Hua Chunying said in [...]

North Korea Fires Multiple Surface-to-Ship Missiles: South Korean Military

North Korea Fires Multiple Surface-to-Ship Missiles: South Korean Military

SEOUL, June 8 (Korea Bizwire) – North Korea launched a salvo of anti-ship cruise missiles from its east coast Thursday, South Korea’s military said, adding they flew some 200 kilometers before dropping in the East Sea.  “North Korea fired several unidentified projectiles, assumed to be short-range surface-to-ship cruise missiles, this morning in the direction of [...]

S. Korea Approves Four More N.K. Contacts over Inter-Korean Exchanges

S. Korea Approves Four More N.K. Contacts over Inter-Korean Exchanges

SEOUL, June 5 (Korea Bizwire) – South Korea’s government said Monday it has approved an additional four requests for contacts with North Koreans as it has decided to flexibly resume civilian inter-Korean exchanges.  The Ministry of Unification said that it gave the green light to the requests by nongovernment organizations (NGOs) and a global body [...]

South Korea and Canada Agree to Work Together to Denuclearize North Korea

South Korea and Canada Agree to Work Together to Denuclearize North Korea

SEOUL, May 30 (Korea Bizwire) – Senior diplomats of South Korea and Canada agreed Tuesday to work together to denuclearize North Korea, the Ministry of Foreign Affairs here said. North Korea’s nuclear development, inter-Korean affairs and bilateral collaboration on economic cooperation were also discussed in the talks between Vice Foreign Minister Lim Sung-nam and Canadian [...]

North Korea Claims Successful Test of Precision-Guided Ballistic Missile

North Korea Claims Successful Test of Precision-Guided Ballistic Missile

SEOUL, May 30 (Korea Bizwire) – North Korea announced Tuesday it succeeded in the latest launch of a ballistic missile, which it said features a new high-precision guidance system and a quick launch process.  The North’s leader Kim Jong-un observed the test-firing of a “precision-guided ballistic rocket capable of making ultra-precision strike,” the Korean Central [...]

New Administration Treads Carefully Towards Peace Talks with North Korea

New Administration Treads Carefully Towards Peace Talks with North Korea

SEOUL, May 26 (Korea Bizwire) – “Moonshine Policy” is what the media have dubbed President Moon Jae-in’s stance towards North Korea, taken from late President Kim Dae-jung’s famous Sunshine Policy that earned him the Nobel Peace Prize in 2000.  After over nine years of rule at the hands of two conservative presidents, South Korea has a [...]

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 [...]