SEOUL, May 15 (Korea Bizwire) — South Korea’s state resources developers are gearing up for potential inter-Korean projects amid growing hopes for economic cooperation with North Korea following a landmark summit, sources said Tuesday. At the end of the historic summit in late April, the leaders of South and North Korea adopted a joint declaration [...]
MURMANSK, Russia, June 17 (Korea Bizwire) – Government officials and scholars from South Korea and Russia gathered in the northern Russian city of Murmansk Thursday to discuss the prospects of cooperation in the Arctic Ocean. Kim Chan-woo, South Korea’s ambassador for Arctic Affairs, opened the first seminar between the two countries on Arctic issues. “The [...]
SEJONG, June 14 (Korea Bizwire) – The South Korean government said Tuesday that it will downsize state-run energy and resource development companies and open the power supply market to the private sector as part of its industry-wide corporate restructuring efforts to increase adaptability to a global low oil price trend. The Ministry of Strategy [...]