SEOUL, May 21 (Korea Bizwire) — South Korean banks are redoubling efforts to tap into possible business opportunities in North Korea in the wake of a recent thaw in inter-Korean relations, sources said Monday. The two Koreas held a historic summit in late April, adopting a joint declaration that focuses on working toward a complete [...]
SEOUL, May 17 (Korea Bizwire) – The headline of an article published last month on “The Hill,” a U.S.-based political magazine, reads “Trump, don’t let John Bolton blow up the North Korea talks.” Tom Z. Collina and Catherine Killough, the writers of the opinion article, are avid supporters of denuclearization efforts. They work for Ploughshares Fund, [...]
SEOUL, May 17 (Korea Bizwire) — Although North Korean military forces have typically planted mines within the DMZ come May, the yearly practice has not been spotted this year, according to the South Korean military. The military is paying close attention to whether the North’s actions are due to the inter-Korea agreement to cease “all [...]
GOSEONG, May 17 (Korea Bizwire) — More than 1,800 visitors have flocked to Military Observatory 717OP (also known as Mt. Kumgang Observator”) that has opened temporarily in time for the spring. The local government of Goseong County in Gangwon Province announced yesterday that 1,863 guests had visited South Korea’s northernmost military observatory between April 28 [...]
SEOUL, May 15 (Korea Bizwire) — South Korea’s state resources developers are gearing up for potential inter-Korean projects amid growing hopes for economic cooperation with North Korea following a landmark summit, sources said Tuesday. At the end of the historic summit in late April, the leaders of South and North Korea adopted a joint declaration [...]
SEOUL, May 13 (Korea Bizwire) — A number of firms are making inquiries about the now-shuttered joint industrial complex in North Korea’s border city of Kaesong, industry sources said Sunday, as the two Koreas move to implement a set of agreements signed during their leaders’ historic summit last month. According to the insiders from a [...]
SEOUL, May 10 (Korea Bizwire) — “Those who go against the Dignity of the Supreme Leadership will not be able to avoid ruthless punishment.” This is an excerpt from one of North Korea’s media propaganda reports. As such, the “Dignity of the Supreme Leadership” refers to North Korean leader Kim Jong Un, and is indicative [...]
SEOUL, May 1 (Korea Bizwire) — A shift in the government’s Northern Economic Cooperation policy is expected as economic cooperation between the two Koreas seems more likely to materialize following the adoption of the Panmunjom Declaration. The Ministry of Trade, Industry and Energy has initiated internal assessments to prepare for a new age of inter-Korea [...]
SEOUL, May 1 (Korea Bizwire) — It was revealed on Monday that North Korean leader Kim Jong Un had proposed basketball matches between North and South Korean teams to South Korean President Moon Jae-in as efforts to initiate cultural exchange between the two countries. An insider at the Blue House said that this was mentioned [...]
SEOUL, May 1 (Korea Bizwire) — The South Korean government has asked activists to refrain from sending anti-North Korea leaflets into the demilitarized zone from May 1 onwards in accordance with the North-South summit agreement. On Monday, the Ministry of Unification stated that it had asked civic groups to stop releasing the leaflets that afternoon. [...]