SEOUL, May 11 (Korea Bizwire) – Gas prices in North Korea have skyrocketed amid rumors that China might control its oil supply to the troublesome ally to comply with the international community’s sanctions against the North’s nuclear development, a U.S. broadcaster said Thursday. Gas stations in Pyongyang recently raised oil prices by more than 85 [...]
SEOUL, May 11 (Korea Bizwire) — North Korea has unveiled what it claims are satellite images of the Terminal High Altitude Area Defense (THAAD) system recently deployed in South Korea, a move aimed at flaunting the country’s capability to gather intelligence against Seoul. The North’s state-run Korean Central TV Broadcasting Station aired two pictures showing [...]
SEOUL, May 8 (Korea Bizwire) – With South Korea’s presidential election just one day away, North Korea on Monday called for an end to the history of inter-Korean confrontation. “The tragic North-South Korea relations today have been wrought by the conservative groups which, having been in power for the past 10 years, revived the foregone [...]
SEOUL, Apr. 28 (Korea Bizwire) — South Korea provided the largest amount of cash and products to North Korea between 2003 and 2008 under the liberal administration of late President Roh Moo-hyun, Seoul’s unification ministry said Thursday. The government and civic groups offered a combined US$4.36 billion to North Korea under the Roh administration, followed [...]
SEOUL, April 27 (Yonhap) – South Korea’s defense ministry announced Thursday that an advanced American missile defense system here will soon be put into “actual operation” to counter North Korea’s ballistic missile threats. Hours earlier, Adm. Harry Harris, commander of the U.S. Pacific Command (PACOM), told U.S. congressmen that the THAAD system will become operational [...]
WASHINGTON, April 24 (Korea Bizwire) – Tensions with North Korea haven’t had any significant impact on South Korea’s trade and investment, and a sharp rise in U.S. interest rates is a major risk for Asia’s fourth largest economy going forward, an International Monetary Fund official said Friday. “So far, we have not seen any significant impact on South Korea’s trade investments,” Markus Rodlauer, deputy director of the Asia-Pacific department at the IMF, said [...]
SEOUL, Apr. 24 (Korea Bizwire) — Nine out of 10 North Korean defectors said they were proud to be South Koreans, a survey showed Saturday. According to the poll by the Korea Hana Foundation, a South Korean unification ministry affiliate, 92.3 percent of 2,663 North Korean defectors said they were proud to be South Korean [...]
SEOUL, April 18 (Korea Bizwire) – South Koreans voiced criticism over Japanese Prime Minister Shinzo Abe’s recent remarks on dealing with possible refugees amid escalating tensions on the Korean Peninsula, comments on social media showed Tuesday. During a parliamentary session Monday, Abe said Japan is working on contingency plans for a possible influx of refugees [...]
SEOUL, April 14 (Korea Bizwire) – South Korea plans to set up a museum on North Korea’s human rights by 2019 to raise public awareness about Pyongyang’s serious human rights violations, government officials said Friday. The envisioned museum is expected to display documents and photos of North Korea’s human rights records and introduce testimonies of [...]
SEOUL, April 13 (Korea Bizwire) – Amid the growing possibility of an American preemptive attack on North Korea over nuclear threats, the Japanese government is being accused of overplaying the danger in order to gather support for reforms to its constitution that would grant Japan the right to go to war with other countries again. [...]