SEOUL, Sept. 17 (Korea Bizwire) — South Korean President Moon Jae-in is set to embark on a trip to North Korea this week for his third and possibly most crucial meeting with North Korean leader Kim Jong-un. Moon will head for Pyongyang on Tuesday, using a direct flight across the heavily-fortified inter-Korean border. The inter-Korean [...]
WASHINGTON, Sept. 11 (Korea Bizwire) — Former U.S. President Barack Obama mulled a preemptive attack on North Korea after its fifth nuclear test in 2016, according to a book released Tuesday. Obama was deeply disturbed to learn that North Korea had conducted its biggest-yet nuclear detonation on Sept. 9, 2016, with the North claiming the [...]
SEOUL, Sept. 4 (Korea Bizwire) — North Korean leader Kim Jong-un has not been seen in public for half a month following his intensive inspections of economic sites this summer, North Korea watchers in Seoul said Tuesday. According to Pyongyang’s media, Kim had visited 30 economic sites between late June and late August, prodding government [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea’s top steelmaker, POSCO, recently created a new task force to prepare for potential business opportunities in North Korea, the company’s chief said Thursday. POSCO CEO Choi Jeong-woo told reporters earlier in the day that the firm and its affiliates have initiated a new team to manage all [...]
SEOUL, Aug. 29 (Korea Bizwire) — The head of the National Intelligence Service stated yesterday that the ultimate goal of denuclearizing North Korea would involve removing all of its nuclear weapons. According to lawmakers Kim Min-gi of the Democratic Party of Korea and Lee Eun-jae of the Liberty Korea Party, Suh Hoon, the current director [...]
SEOUL, Aug. 27 (Korea Bizwire) — North Korea appears to have tried to mine cryptocurrencies on a small scale as transactions of such coins are hard to trace and could be easily used to launder real money, a local report showed Monday. The report, compiled by a research unit of South Korea’s state-run Korea Development [...]
MOUNT KUMGANG, North Korea, Aug. 20 (Korea Bizwire) — Hundreds of South and North Koreans torn apart by the 1950-53 Korean War met for the first time in over six decades in a tearful, long-dreamed-of family reunion on Monday. Eighty-nine South Koreans, mostly in their 70s and older, met about 180 long-separated family members, including [...]
SEOUL, Aug. 13 (Korea Bizwire) – According to a new survey, only 2 out of 10 children and young adults think that unification between South and North Korea is necessary. This is according to the National Youth Policy Institute, which surveyed 1,392 students in middle school grades 1 to 3 and high school students in [...]
INCHEON, Aug. 13 (Korea Bizwire) — South Korea will promote a new tourism product that allows foreigners to visit the two Koreas on a single cruise as part of efforts to promote inter-Korean economic exchanges, a public enterprise here said Monday. The Incheon Port Authority (IPA) said that it will push for foreign cruise ships [...]
SEOUL, Aug. 8 (Korea Bizwire) — With the 18th Asian Games in Jakarta-Palembang to feature a joint delegation from both Koreas, South Korean athletes participated in a special information session that discussed the precautionary guidelines on how to behave around North Koreans. On August 7, South Korean athletes held an inaugural rally before receiving instruction [...]