SEOUL, June 2 (Korea Bizwire) – South Korea’s government on Friday approved an additional eight requests by local aid providers and religious groups to have contact with North Koreans over inter-Korean exchanges. The Ministry of Unification said that it gave the green light to plans by two humanitarian aid providers and six religious groups to [...]
SEOUL, May 30 (Korea Bizwire) – Senior diplomats of South Korea and Canada agreed Tuesday to work together to denuclearize North Korea, the Ministry of Foreign Affairs here said. North Korea’s nuclear development, inter-Korean affairs and bilateral collaboration on economic cooperation were also discussed in the talks between Vice Foreign Minister Lim Sung-nam and Canadian [...]
SEOUL, May 30 (Korea Bizwire) – North Korea announced Tuesday it succeeded in the latest launch of a ballistic missile, which it said features a new high-precision guidance system and a quick launch process. The North’s leader Kim Jong-un observed the test-firing of a “precision-guided ballistic rocket capable of making ultra-precision strike,” the Korean Central [...]
SEOUL, May 26 (Korea Bizwire) – “Moonshine Policy” is what the media have dubbed President Moon Jae-in’s stance towards North Korea, taken from late President Kim Dae-jung’s famous Sunshine Policy that earned him the Nobel Peace Prize in 2000. After over nine years of rule at the hands of two conservative presidents, South Korea has a [...]
SEOUL, May 22 (Korea Bizwire) – North Korean leader Kim Jong-un has approved the deployment of a new intermediate-range ballistic missile for combat use as the country succeeded in test-firing it, Pyongyang’s state media said Monday. North Korea’s leader observed the launch of the ground-to-ground Pukguksong-2 missile, expressing satisfaction with its accuracy in hitting targets, [...]
BEIJING, May 22 (Korea Bizwire) – Chinese-made electronic goods and cars are completely dominating the North Korean market amid the United Nations’ years-long tough economic sanctions against its unwavering nuclear and missile development, the office of the Korea Trade-Investment Promotion Agency (KOTRA) here said Sunday. The North imported US$75.04 million worth of LCD TVs from [...]
SEOUL, May 19 (Korea Bizwire) – The top organizer of the 2018 Winter Olympics in South Korea has offered to open the land route for North Korean athletes if they decide to compete south of the tense border. In a meeting with journalists at the South Korean Embassy in London on Thursday (local time), Lee [...]
SEOUL, May 15 (Korea Bizwire) – North Korea said Monday it has successfully tested-fired a new mid- and long-range ballistic missile that can carry a large nuclear warhead, claiming that the U.S. mainland is within its striking range. North Korea said that a “large-size heavy nuclear warhead” can be fit on its new ground-to-ground missile, [...]
SEOUL, May 12 (Korea Bizwire) – The World Taekwondo Federation, led by South Korea, has extended an invitation to its North Korean counterpart, the International Taekwondo Federation, for the upcoming WTF World Taekwondo Championships expected to be held from June 24 to 30 in Muju, South Jeolla Province. According to an official from the WTF, [...]
SEOUL, May 11 (Korea Bizwire) – Korean Air Lines Co. swung to the black in the first quarter from a year earlier on currency-related gains, the company said Thursday. The country’s flag carrier shifted to a net profit of 559.2 billion won (US$496 million) in the January-March quarter from a net loss of 174.9 billion [...]