SEOUL, Aug. 26 (Korea Bizwire) – SK Group announced that if any of the soldiers who postponed their discharge from the military under tense political situations were to apply for a job at SK, they would hire them preferentially. Officials at the conglomerate say that their chairman, Chey Tae-won, was very touched at the news [...]
PYONGYANG, Aug. 23 (Korea Bizwire) — In spite of sharp military tension on the peninsula, it appeared to be business as usual for North Koreans in Pyongyang. Citizens were seen in a relatively calm mood, some walking busily across the plaza in front of the Pyongyang Station and others warmly chatting. Yonhap News Agency, South [...]
SEOUL, Aug. 21 (Korea Bizwire) - Curiosity is mounting over when “5 p.m., August 22″ will be. North Korea has set an ultimatum that South Korea should either stop its propaganda broadcasting, or else be subject to military action. The message was sent on August 20, around 5 p.m. However, controversy has arisen with regards [...]
SEOUL, Aug. 14 (Korea Bizwire) – Various insurance products are said to have appeared in North Korea, including mobile phone insurance and insurance for fruit farms. The Korea National Insurance Company (KNIC), the state-run insurance company in North Korea, revealed on their homepage that issues related to mobile phone insurance were discussed at the annual [...]
SEOUL, Aug. 12 (Korea Bizwire) – The search/reconnaissance operations of South Korean troops in the DMZ will be taking on more aggressive tactics. Before, the rules of engagement were ‘verbal warning, warning shot, aimed shot’, but now, it will be simplified to just ‘aimed shot’. Officials from the Ministry of National Defense (MND) say that they will change [...]
WASHINGTON, Jul. 9 (Korea Bizwire) — A bio-pesticides research center that North Korean leader Kim Jong-un visited last month is believed to be capable of producing military-sized batches of biological weapons, including anthrax, a U.S. expert said Thursday. Melissa Hanham, a senior research associate at the James Martin Center for Nonproliferation Studies (CNS), said she [...]
WASHINGTON, Jul. 9 (Korea Bizwire) — The U.S. Army’s troop reduction, driven by budget constraints, could ultimately affect South Korea, even though American troops levels in the Asian ally will remain the same in the first round, an Army official said Thursday. Earlier in the day, the Army announced force structure decisions and stationing plans [...]
SEOUL, Jun. 11 (Korea Bizwire) — Private financiers are on the rise in North Korea, operating as loan sharks and investing in development projects. Andrei Lankov, a professor at Kookmin University, said at a conference called ‘Doing Business in North Korea’ that North Korea has been seeing the advent of private financing along with capitalism [...]
SEOUL, Jun. 9 (Korea Bizwire) — South Korean firms have decided to provide medical masks to North Korean workers at the inter-Korean industrial park to curb the spread of the MERS virus, a company official said Tuesday. South Korea has already installed three thermal scanners at the industrial complex in the North’s border city of [...]
SEOUL, May 11 (Korea Bizwire) — South Korea said Monday it will take stern actions against North Korea’s recent military provocation, but it will also seek to boost inter-Korean civilian exchanges to help restore national unity. North Korea said Saturday that it successfully test-fired a ballistic missile from a submarine, raising tension on the divided [...]