SEOUL, Jan. 22 (Korea Bizwire) — The role of Sweden is in the spotlight with the United States and North Korea meeting in the Scandinavian country to have working-level discussions for the second U.S.-North Korea Summit to be held next month. Steven Biegun, U.S. special envoy for North Korea negotiations and Choe Son-hui, North Korean [...]
SEOUL, Jan. 17 (Korea Bizwire) — Choson Sinbo, a North Korean news media based in Japan, reported on Wednesday that cosmetic products manufactured in Sinuiju, North Korea are gaining popularity among North Koreans. “As soon as the store opens, people rush in looking for ‘Bomhyangki (Spring Fragrance)’, a series of cosmetic products very popular these [...]
SEOUL, Jan. 9 (Korea Bizwire) — A South Korean ruling party lawmaker said Wednesday he will push for a concert of Korean singers, including world-famous boy band BTS, in North Korea this fall. Rep. Ahn Min-seok of the Democratic Party told Yonhap News Agency that he contacted BTS’ agents last month to inquire whether the [...]
SEJONG, Jan. 3 (Korea Bizwire) — North Korea has more than 500 marketplaces across the country, a North Korea expert said Thursday, a clear sign of “marketization” in one of most isolated countries in the world. The number of markets — known as Jangmadang in North Korea — has rapidly expanded to more than 500 [...]
SEOUL, Jan. 1 (Korea Bizwire) – South Korean companies that had operated factories in the now-shuttered industrial complex in North Korea’s border city of Kaesong on Tuesday hailed the North Korean leader’s willingness to reopen the factory park. In his televised New Year speech early on Tuesday, North Korean leader Kim Jong-un said he is [...]
SEOUL, Dec. 31 (Korea Bizwire) – Two out of three Seoulites said they support Kim Jong-un’s visit to Seoul. Seoul Metropolitan Government conducted an online survey of 2,000 people living in Seoul, 68 percent of whom said they support Kim Jong-un’s visit to Seoul. Another 22.4 percent said they oppose the idea. A total of [...]
SEOUL, Dec. 31 (Korea Bizwire) — China is preparing for North Korea’s opening by reforming border areas of North Korea and China. Along the border, China has been expanding its infrastructure and adjusting the standard of commercial facilities. Such preparations occurred as a result of the progress shown between North Korea and the United Nations [...]
SEOUL, Dec. 20 (Korea Bizwire) — The economic gap between North and South Korea has become even more significant this year. According to Statistics Korea, South Korea’s income per capita in 2017 was 23 times larger than that of North Korea. Considering the fact that the gap was 22 times in 2016, the gap grew [...]
SEOUL, Dec. 20 (Korea Bizwire) — With the active use of mobile phones in North Korea increasing, suggestions have been made that the two Koreas should cooperate to introduce mobile financial services in North Korea and ultimately create a unified Korean Peninsula network. According to the IBK Economic Research Institute on North Korea, there are [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korea and the United States are considering renaming their major annual combined exercises, apparently as part of efforts to support ongoing diplomacy with North Korea, a military source in Seoul said Monday. The allies have been in consultation on their overall plans for next year’s exercises, such as [...]