SEOUL, Aug. 29 (Korea Bizwire) – South Korean military officials have released video footage of ballistic missile flight tests including those with a range of 500 and 800 kilometers as a show of force amid growing threats from North Korea, signaling a shift in president Moon Jae-in’s North Korea policy towards a more tit-for-tat approach. The [...]
SEOUL, Aug. 28 (Korea Bizwire) — The Bank of Korea submitted a report to the Strategy and Finance Committee of the National Assembly today in which it predicted that this year’s economic growth would fall short of 3 percent despite the improving global economy and supplementary revisions made to the national budget. The central bank [...]
SEOUL, Aug. 28 (Korea Bizwire) — President Moon Jae In’s approval rating rose for a second consecutive week last week, apparently on a series of welfare programs that seek to provide additional support to low-income earners, a poll showed Monday. In a survey conducted on 2,529 voters throughout the nation, 73.9 percent said they approved [...]
SEOUL, Aug. 24 (Korea Bizwire) — According to the “Beijing Youth Daily” on August 23, a Beijing city government task force ordered the removal of Lotte Mart generators in Juixianqiao and Yangqiao on the grounds of excessive energy use last year. To add insult to injury, the Beijing paper reported that the city had recently [...]
YEONCHEON, South Korea, Aug. 21 (Korea Bizwire) – North Korea released water from a border dam without giving prior notice to South Korea on Monday, causing the water levels of a cross-border river downstream to rise dangerously, officials said. The North opened the floodgates of Hwanggang Dam on the western inter-Korean border, sending water into [...]
NORTH CHUNGCHEONG, Aug. 18 (Korea Bizwire) – Journalists and military personnel rubbed shoulders at the new state of the art training grounds opened in Cheongan County on August 17. The 132,000-square-meter facility is the first of its kind that will be able to accommodate a full battalion of reserve forces and provide the latest in [...]
SEOUL, Aug. 16 (Korea Bizwire) — The main opposition Liberty Korea Party on Wednesday adopted its demand for the redeployment of U.S. tactical nuclear arms as an official party line amid North Korea’s unceasing saber-rattling. During a general meeting of its lawmakers, the conservative party made the decision to pursue a redispatching of the U.S. [...]
BEIJING, Aug. 14 (Korea Bizwire) – China said Monday it will enforce the latest United Nations sanctions on North Korea this week, banning the imports of resources and seafood from the country. The United Nations Security Council adopted Resolution 2371 on Aug. 5 in response the North’s two intercontinental ballistic missile tests in July. The new [...]
SEONGJU, Aug. 13 (Korea Bizwire) — Local residents and activists campaigning against the deployment of an advanced U.S. missile defense system said Sunday they will not accept the outcome of a government survey that ruled out the possibility of its serious environmental damage. On Saturday, the government announced the result of a survey of electromagnetic [...]
WASHINGTON, Aug. 7 (Korea Bizwire) — More than 60 percent of Americans are in favor of sending troops to defend South Korea in the event of an attack by North Korea, a survey showed Monday, indicating a strengthened commitment toward the Asian ally. The survey, conducted by the Chicago Council on Global Affairs with support [...]