SEOUL, Dec. 2 (Korea Bizwire) – The U.N. Security Council imposed new sanctions this week on North Korea, putting a stricter cap on the country’s exports of coal as well as copper, nickel, silver, and zinc. Interestingly, the sanctions also include exports of statues, apparently one of the key sources of income for North Korea, [...]
SEOUL, Dec. 2 (Korea Bizwire) – South Korea unveiled a set of its own punitive measures against North Korea on Friday, blacklisting scores of people and entities suspected of supporting the regime’s nuclear and ballistic missile programs. The move came days after the United Nations Security Council (UNSC) unanimously adopted Resolution 2321 on Wednesday condemning [...]
SEOUL, Nov. 28 (Korea Bizwire) – North Korea on Monday began a three-day mourning period to pay tribute to former Cuban leader Fidel Castro, Pyongyang’s state media said, as it calls him the “close friend and comrade” of North Koreans. The decision was made by the ruling party’s central committee, the presidium of the Supreme [...]
SEOUL, Nov. 28 (Korea Bizwire) – South Korea on Sunday unveiled a set of measures to better support North Korean defectors, including ways to help them find work in the public sector, as their total number here has surpassed the 30,000 mark. The Ministry of Unification announced a seven-point plan to help defectors better integrate [...]
SEOUL, Nov. 28 (Korea Bizwire) – South Korea is developing a technology to bring down unmanned North Korean aircraft using electromagnetic pulse (EMP), military officials said Sunday. According to the officials, the Agency for Defense Development (ADD) has developed a directional, high-powered EMP generator, and it’s trying to devise ways to use it against small [...]
SEOUL, Nov. 25 (Korea Bizwire) – North Korean media outlets have been busy lately with extensive coverage of South Korea’s political crisis, railing against the South’s feeble state of affairs and its embroiled President Park Geun-hye. But their propaganda may be having a reverse effect, said Voice of America on Thursday, citing interviews with former [...]
DAEJEON, Nov. 24 (Korea Bizwire) – It was on a fine afternoon on November 23, 2010, when North Korean artillery batteries and rocket launchers opened fire on Yeonpyeongdo, a group of South Korean islands located some 80 kilometers west of Incheon. The bombardment lasted approximately an hour, from 2:34 to 3:41 p.m., with Korea returning [...]
SEOUL, Nov. 23 (Korea Bizwire) – South Korea and Japan signed a pact on Wednesday to share military intelligence to better counter mounting nuclear and missile threats from North Korea. Defense Minister Han Min-koo and Japanese Ambassador to Seoul Yasumasa Nagamine officially signed the General Security of Military Information Agreement (GSOMIA) at the defense ministry [...]
SEOUL, Nov. 15 (Korea Bizwire) – South Korea’s defense ministry is set to conclude a deal to acquire a site for an advanced U.S. missile defense system from Lotte Group, a military source said Tuesday. The Ministry of National Defense has tentatively agreed to secure the Lotte Skyhill Country Club in the southeastern rural county [...]
SEOUL, Nov. 11 (Korea Bizwire) – South Korea plans to tentatively sign a bilateral pact with Japan on sharing military intelligence on North Korea as early as next week despite strong objection from opposition parties, according to the defense ministry Friday. The two sides last week reopened negotiations in Tokyo after a botched attempt four [...]