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Seoul Approves Fund to Pay N. Korea’s Olympic Bills

Seoul Approves Fund to Pay N. Korea’s Olympic Bills

SEOUL, Feb. 14 (Korea Bizwire) — South Korea on Wednesday approved a plan to use a government fund to support North Korea’s participation in the PyeongChang Winter Olympics, officials said. The South and North Exchange and Cooperation Promotion Council passed $2.64 million (2.86 billion won) in spending from the government budget for inter-Korean cooperation to [...]

Speculation Grows as North Korea Sends Key Figures to PyeongChang

Speculation Grows as North Korea Sends Key Figures to PyeongChang

PYEONGCHANG, Feb. 9 (Korea Bizwire) — Speculation is growing over Pyongyang’s true intentions behind the decision to send top political figures to the PyeongChang Winter Olympics. North Korea’s de facto chief of state Kim Yong-nam is set to visit South Korea as part of the country’s Winter Olympics delegation, becoming one of the most prominent political [...]

U.S. Drops Cha as Pick for Ambassador to S. Korea

U.S. Drops Cha as Pick for Ambassador to S. Korea

WASHINGTON, Jan. 30 (Korea Bizwire) — The United States has withdrawn former White House official Victor Cha from consideration for ambassador to South Korea, a U.S. official said Tuesday. The official on the White House National Security Council confirmed the decision, which raises new concerns about the Donald Trump administration’s policy toward Seoul and Pyongyang. [...]

Gov’t Agonizing Over Providing Refined Petroleum Products to N. Korea for Joint Cultural Events

Gov’t Agonizing Over Providing Refined Petroleum Products to N. Korea for Joint Cultural Events

SEOUL, Jan. 29 (Korea Bizwire) – The government is agonizing over whether it send refined petroleum products to North Korea for upcoming joint events amid tough international sanctions over Pyongayng’s missile tests, officials said Sunday. “We told the North to take charge of supplying the electricity necessary to hold the joint cultural events but received an answer that it is difficult to stably supply power to the facility built by [...]