SEOUL, Sept. 5 (Korea Bizwire) — South Korea on Tuesday acknowledged the possibility of a need to purchase advanced U.S. weapons systems in the future as part of efforts to enhance its deterrence against North Korean provocations but dismissed any immediate plan to spend “many billions of dollars” as suggested by Washington. In a short [...]
SEOUL, Sept. 4 (Korea Bizwire) — A sense of true stability may be a foreign concept in a country still divided and technically at war for the 64th year and counting. Perhaps South Korea can begin importing this ‘sense’ after it renegotiates its Free Trade Agreement with the United States, as Donald Trump wants. Late [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korean President Moon Jae In is set to hold talks with his Russian counterpart and Germany chancellor later Monday in telephone conversations widely expected to focus on ways to rein in North Korea’s evolving nuclear and missile provocations, the presidential office Cheong Wa Dae said. Moon will first [...]
SEOUL, Sept. 4 (Korea Bizwire) — According to the Korea Gold Exchange, 194 silver bars weighing one kilogram each were sold in the morning hours after the sixth nuclear test conducted by the North on Sunday. The exchange also added that it typically sells around 20 silver bars every day. The price for a silver [...]
SEOUL, Sept. 4 (Korea Bizwire) – North Korea’s nuclear program will top the agenda of the upcoming summit between South Korea and Russia this week, a Seoul presidential official said Monday. President Moon Jae-in and his Russian counterpart Vladimir Putin are set to hold talks Wednesday, shortly after Moon’s arrival in Vladivostok to attend the [...]
SEOUL, Sept. 4 (Korea Bizwire) — Pope Francis met with South Korean religious leaders during a courtesy visit over the weekend, and expressed concerns over the heightened tension in the region after North Korea’s latest nuclear test. In an address to the delegation of the Korean Council of Religious Leaders, consisting of representative of the Catholic [...]
SEOUL, Sept. 1 (Korea Bizwire) — Anticipation is building for the 2017 Seoul Biennale of Architecture and Urbanism that will open at the Dongdaemun Design Plaza on August 2, due to a 36-square-meter model of a Pyeongyang apartment being built as part of the exhibit. To the experienced eye, the first thing to observe from [...]
SEOUL, Sept. 1 (Korea Bizwire) — North Korea said Friday that more than 70 countries and regions have applied to attend the North Korea-led International Taekwondo Federation’s (ITF) championships to be held in Pyongyang later this month. Preparations for the championships slated for Sept. 15-21 are in the final stage, according to the Korean Central [...]
SEOUL, Aug. 31 (Korea Bizwire) — Facing a bellicose northern neighbor that fires missiles, tests nukes and habitually threatens a war of annihilation, South Korea may look like a dangerous flashpoint to the eyes of outsiders. But the country has been inured, or resigned, to the perennial threats from North Korea for decades. So small [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Korea and the United States will wrap up their combined defense drills on Thursday as scheduled amid renewed tensions on the peninsula, officials said. The annual Ulchi Freedom Guardian (UFG) exercise, which started on Aug. 21, has involved more than 50,000 South Korea troops and around 17,500 American [...]