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S. Korea to Conduct Largest-Ever Artillery Drill to Check N. Korean Provocations

S. Korea to Conduct Largest-Ever Artillery Drill to Check N. Korean Provocations

SEOUL, Aug. 19 (Korea Bizwire) – South Korea’s military said Thursday that it will carry out the largest-ever artillery drill near the border with North Korea to demonstrate its determination to retaliate against future provocations.  The drill will take place in the afternoon, one day before South Korea marks the first anniversary of the North’s [...]

Defense Chief to Visit THAAD Site for Dialogue with Residents

Defense Chief to Visit THAAD Site for Dialogue with Residents

SEOUL, Aug. 16 (Korea Bizwire) – South Korea’s defense chief will visit Seongju, the selected site for an advanced U.S. anti-missile system this week, to hold talks with local residents angered by the “unilateral” deployment decision, the defense ministry said Tuesday.  Han Min-koo will visit the rural county, 296 kilometers southeast of Seoul, on Wednesday, [...]

S. Korea Rejects Calls for Reopening Shuttered Joint Industrial Park

S. Korea Rejects Calls for Reopening Shuttered Joint Industrial Park

SEOUL, Aug. 10 (Korea Bizwire) – South Korea on Wednesday said it is nonsense to talk about reopening the now-shuttered joint industrial park with North Korea, as the communist country is continuing to move forward with its development of nuclear weapons and missiles.  Six months ago, Seoul shut down the Kaesong Industrial Complex in the North’s [...]

S. Korea to Upgrade Surveillance Equipment at DMZ

S. Korea to Upgrade Surveillance Equipment at DMZ

SEOUL, Aug. 10 (Korea Bizwire) – South Korea’s military said Wednesday it will upgrade thermal observation devices (TODs) installed at the heavily fortified inter-Korean border to cope with growing threats from North Korea.  The upgrade aims to closely monitor and detect any provocative movements from the North along the Demilitarized Zone (DMZ). In August last [...]

Reunification of 2 Koreas May Sharply Cut S. Korea’s per Capita Income: Report

Reunification of 2 Koreas May Sharply Cut S. Korea’s per Capita Income: Report

SEOUL, Aug. 9 (Korea Bizwire) – South Korea’s per capita income could plunge by up to 30 percent if the divided two Koreas are unified, a report showed Tuesday.  In the report to assess a unified peninsula’s economic potential, the Korea Development Institute (KDI) estimated that South Korea’s per capita gross national income (GNI) could [...]