SEOUL, Nov. 8 (Korea Bizwire) — The Financial Action Task Force announced it will continue its countermeasures against North Korea during a general meeting in Buenos Aires, Argentina. According to the Financial Services Commission (FSC) on Monday, the FATF has decided to maintain its economic sanctions at the highest level for the seventh consecutive year [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korea’s unification ministry said Tuesday that there have been no meaningful inter-Korean contacts since liberal President Moon Jae-in took office in May. The ministry handling inter-Korean affairs dismissed a local report that government officials from South and North Korea held working-level contacts in Beijing in either July or [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s unification ministry on Friday dismissed a report that North Korea has notified the global skating body of its intent to take part in the pairs figure skating competition in the 2018 PyeongChang Olympics. North Korea’s pairs figure skating tandem Ryom Tae-ok and Kim Ju-sik in September gained [...]
SEOUL, Oct. 31 (Korea Bizwire) -- China imported 509,000 tons of coal from North Korea last month, raising doubts about its implementation of U.N. sanctions over Pyongyang’s nuclear and missile programs, Voice of America (VOA) reported Tuesday. VOA’s Korean Service said China bought US$44 million of coal from the North in September, citing data from [...]
SEOUL, Oct. 27 (Korea Bizwire) — North Korea said Friday it will repatriate a South Korean boat and its crew in a “humanitarian” step after the vessel had entered the North’s waters. The North’s Korean Central News Agency (KCNA) reported that North Korean authorities had captured the South Korean fishing boat 391 Hungjin on Saturday, [...]
INCHEON, Oct. 26 (Korea Bizwire) – Elementary schoolchildren on Baengyeong Island, located a stone’s throw from the maritime military demarcation line between the two Koreas, have sent handwritten letters to the U.S. embassy in Seoul for the soon-to-visit President Donald Trump, asking that “There be no war”. A total of 83 letters from 83 children [...]
SEOUL, Oct. 24 (Korea Bizwire) — The U.S. dollar-Korean won exchange rates were the least volatile in three years during the third-quarter of this year, despite rising tension surrounding North Korea, the central bank said Tuesday. The average gap between the daily high and low of the dollar-won exchange rates came to 4.8 won in [...]
SEOUL, Oct. 20 (Korea Bizwire) – More than a month has passed since North Korea’s last military provocation, an intermediate-range ballistic missile launch, with U.S. President Donald Trump set to visit South Korea within a few weeks. The gap between the North Korean government’s controversial missile tests is the longest hiatus of military provocation since South [...]
SEOUL, Oct. 18 (Korea Bizwire) — Foreign investors offloaded South Korean stocks and bonds worth US$4.3 billion in September due to profit-taking amid North Korea risks, the central bank said Wednesday. Foreign investors sold local stocks and bonds worth $830 million and $3.47 billion, respectively, the Bank of Korea (BOK) said. It marked the second [...]
GWANGMYEONG, South Korea, Oct. 16 (Korea Bizwire) – The South Korean city of Gwangmyeong, just south of Seoul, said Monday it will sign a memorandum of understanding with French national railway company SNCF this year to implement a Eurasia railway project to connect South and North Korea by rail to Europe. Former French Minister for [...]