SEOUL, March 23 (Korea Bizwire) – Cash-strapped North Korea is inviting foreign investment in a cruise program linking its eastern mountain resort area to the Russian Far East and Southeast Asia, a North Korean website showed Thursday. Its website promoting Mt. Kumgang recently posted an investment guideline for a ferry business based in the port [...]
WASHINGTON, March 21 (Korea Bizwire) – The United States is looking at new “diplomatic, security and economic measures” to deal with the growing nuclear and missile threats from North Korea, the White House said Tuesday. “The United States in coordination with our allies is exploring a new range of diplomatic, security and economic measures in [...]
SEOUL, March 21 (Korea Bizwire) – North Korean leader Kim Jong-un, who is widely known for his infamously barbaric and brutal ways, is attracting attention after being seen showing unusually friendly body language and behavior around his subordinates through state-owned media. Pictures of Kim Jong-un emerged soon after North Korea’s successful test launch of ballistic [...]
SEOUL, March 19 (Korea Bizwire) – North Korea’s state radio station resumed broadcasting mysterious numbers Sunday after a nine-day hiatus that could be some kind of coded message to its agents operating in South Korea. The message began just after midnight (Seoul time), at 12:15 a.m., by the North’s propaganda station Radio Pyongyang. It lasted [...]
SEOUL, March 16 (Korea Bizwire) – U.S. Secretary of State Rex Tillerson is to visit the Demilitarized Zone (DMZ) on Friday as the first major schedule of his trip to South Korea, the foreign ministry said Thursday, in an apparent bid to demonstrate a strong alliance between the two countries against North Korea. Tillerson is [...]
SEOUL, March 16 (Korea Bizwire) – Plans to make space at Seoul Station for a possible train line leading to North Korea in the event of Korean unification were revealed by government officials yesterday. A senior official at the Ministry of Land, Infrastructure, and Transport (MOLIT) spoke about the grand plan, saying, “Although the Gyeongwon Line [...]
SEOUL, March 14 (Korea Bizwire) – A shocking revelation from a source within the South Korean government suggests the upcoming annual joint military drills between the U.S. and South Korea will see Navy SEAL Team 6, the special forces unit that killed Osama bin Laden, train for a decapitation strike against North Korean leader Kim [...]
SEOUL, March 7 (Korea Bizwire) – Nearly one in four prisoners at North Korea’s labor camps die of disease while in confinement, a Seoul-based think tank said in a report released Tuesday. The report by the Asan Institute for Policy Studies said that the fatality rate at North Korea’s political prisons is estimated at close [...]
SEOUL, March 7 (Korea Bizwire) – One day after North Korea fired four ballistic missiles, its state-run news agency said Tuesday the country has conducted a missile launch exercise targeting U.S. military bases in Japan. The drill was conducted by Hwasong artillery units of its Strategic Force of the Korean People’s Army, “tasked to strike [...]
SEOUL, March 6 (Korea Bizwire) – North Korea on Monday fired four ballistic missiles into the East Sea, Seoul’s Joint Chiefs of Staff said, in an apparent reaction to the ongoing joint military drills between South Korea and the United States. The four projectiles were launched from an area near the North’s Dongchang-ri long-range missile [...]