SEOUL, Feb. 7 (Korea Bizwire) – A resumption of the now-shuttered joint industrial complex could spark a row over the breaking of the latest U.N. sanctions resolutions against North Korea, a government official said Tuesday. With the shutdown of the Kaesong Industrial Complex marking the first anniversary this week, whether to resume the factory zone [...]
SEOUL, Feb. 1 (Korea Bizwire) – The United States plans to deploy 12 F-16 fighter planes to South Korea this month, the U.S. Pacific Air Forces Command said Wednesday, Washington’s first deployment of military assets since the inauguration of U.S. President Donald Trump. “Approximately 200 airmen and 12 F-16 Fighting Falcons with the 119th Fighter [...]
SEOUL, Jan. 24 (Korea Bizwire) – Malaysia has been banning North Korean passenger jets from its airspace as part of its efforts to implement a United Nations Security Council (UNSC) sanctions resolution against the reclusive country. Malaysia’s implementation report on Resolution 2270, which was submitted to the U.N. in August, showed that the country has [...]
SEOUL, Jan. 19 (Korea Bizwire) – A recent report by the North Korea Resource Institute, based in Seoul, revealed that despite the abundance of natural resources in North Korea, the country is failing to make best use of its assets due to the poor state of the country’s processing facilities and a shortage of electric [...]
SEOUL, Jan. 13 (Korea Bizwire) – North Korean mouthpieces on Friday bashed the outgoing U.S. President Barack Obama, claiming he is now leaving the White House as a loser in his confrontation with North Korea. In an article titled “History of (the United States’) One-sided Nuclear Blackmailing That Has Come to an End,” the Rodong [...]
SEOUL, Jan. 4 (Korea Bizwire) – South Korea will this year launch a special unit tasked with incapacitating North Korea’s wartime leadership, two years ahead of schedule, its defense chief said Wednesday, as it strives to better counter Pyongyang’s evolving military threats. During its New Year policy briefing to Acting President and Prime Minister Hwang [...]
SEOUL, Jan. 3 (Korea Bizwire) – The number of North Koreans escaping to South Korea rose 11 percent on-year in 2016, government data showed Tuesday, as more elites and overseas workers fled the country amid tough international sanctions. A total of 1,414 North Koreans came to South Korea last year, compared to 1,275 tallied for [...]
SEOUL, Dec. 29 (Korea Bizwire) – North Korean leader Kim Jong-un attended a performance by the country’s all-female music group, the Moranbong Band, reported the Korean Central Television Thursday. The show was arranged for the participants of the conference of chairpersons of ruling party primary committees, and, according to sources, it was the first time [...]
SEOUL, Dec. 29 (Korea Bizwire) – In a rare event hosted by the United States Forces Korea, four North Korean defectors shared their stories with the members of the 6th Battalion 52nd Air Defense Artillery Regiment on December 2 at Suwon Air Base, reported American military newspaper Stars and Stripes. Among the defectors were Ken [...]
SHENYANG, China, Dec. 29 (Korea Bizwire) – North Korea has featured a flight crew of its flag carrier Air Koryo in a 2017 calendar of the communist country, obtained Thursday by Yonhap News Agency, in what is seen as an unprecedented move to revitalize its tourism industry amid international sanctions imposed over its nuclear and [...]