SEOUL, Feb. 7 (Korea Bizwire) – China’s foreign ministry expressed “deep concern” on Sunday as Seoul and Washington agreed to begin talks on the deployment of an advanced American missile defense system to South Korea following the North’s long-range rocket launch. Hours after North Korea claimed it had successfully put a satellite into orbit, South [...]
SEOUL, Feb. 7 (Korea Bizwire) – North Korea’s long-range rocket should be viewed as a ballistic missile as the satellite it put into orbit is worthless, lawmakers said Sunday, citing South Korea’s spy agency. The satellite is presumed to weigh 200 kilograms, two times heavier than a satellite launched in 2012, the lawmakers said after [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korea said Sunday it will further restrict the entry of its nationals to a joint industrial park in North Korea in response to the North’s long-range rocket launch. The Unification Ministry said that it will reduce the number of South Koreans staying at the Kaesong Industrial Complex in [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korea’s top financial regulator has convened an emergency meeting to intensify monitoring of the local financial market following North Korea’s long-range rocket launch, an official said Sunday. In the meeting, which took place at 11:00 a.m., the Financial Services Commission (FSC) checked the impact of the rocket launch [...]
SEOUL, Feb. 7 (Yonhap) – North Korea launched a long-range rocket, apparently sending what it claims is a satellite into orbit on Sunday, but South Korea and the U.S. denounced it as a long-range missile test that squarely challenges the international community. “It’s presumed that the projectile has entered into orbit,” a military official said, [...]
SEOUL, Feb. 6 (Korea Bizwire) – Recent satellite imagery shows the arrival of tanker trucks at the launch pad of North Korea’s rocket site in an indication that the communist nation is forging ahead with a planned rocket launch, a North Korea-monitoring website said Friday. The imagery taken of the North’s Sohae or Dongchang-ri site [...]
SEOUL, Feb. 5 (Korea Bizwire) – Foreign Minister Yun Byung-se held a group meeting on Friday with foreign envoys here to exchange views on North Korea. Following a brief photo session, Yun went into closed-door consultations with U.S. Ambassador Mark Lippert, Japanese Amb. Koro Bessho, Australian Amb. William Paterson and Amb. Gerhard Sabathil, head of [...]
SEOUL, Feb. 2 (Korea Bizwire) – At first glance, Park Young-ho seems like any other young South Korean struggling either to set up his own businesses or find a job amid the slump in the local job market. But he has something that sets him apart from the majority of South Koreans. He crossed the [...]
SEJONG, Feb.1 (Korea Bizwire) - North Korea’s trade with China dipped nearly 15 percent last year apparently due to a chilly bilateral relationship between the two neighboring countries, a report showed Sunday. The North-China trade volume reached US$4.9 billion in the January-November period, down 14.8 percent from $5.76 billion a year earlier, marking the first double-digit [...]
SEOUL, Jan.28 (Korea Bizwire) – According to Daily NK, an online journal specializing in North Korea, citizens of Pyongyang are making efforts to avoid moving into new apartments built near the city’s Future Scientist Street. The apartments have been said to be ‘the proudest creations of the Kim Jong-un era’. A source from Pyongnam Province [...]