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Seoul Proposes Ambitious North Korea-Friendly Projects

Seoul Proposes Ambitious North Korea-Friendly Projects

SEOUL, Nov. 10 (Korea Bizwire) – During Thursday’s policy discussion for Seoul-Pyongyang cooperation, Seoul mayor Park Won-soon announced the city’s ambitious plans to establish friendly ties with North Korea, which included establishing a joint animation center in Pyongyang and inviting North Korea to the 2019 National Sports Festival.  The city’s “Grand Design” comes from mayor [...]

Reunification of 2 Koreas May Sharply Cut S. Korea’s per Capita Income: Report

Reunification of 2 Koreas May Sharply Cut S. Korea’s per Capita Income: Report

SEOUL, Aug. 9 (Korea Bizwire) – South Korea’s per capita income could plunge by up to 30 percent if the divided two Koreas are unified, a report showed Tuesday.  In the report to assess a unified peninsula’s economic potential, the Korea Development Institute (KDI) estimated that South Korea’s per capita gross national income (GNI) could [...]

Two Koreas’ Reunification Cost to Reach $500 Bil.

Two Koreas’ Reunification Cost to Reach $500 Bil.

SEOUL, Nov. 19 (Korea Bizwire) – The Financial Services Commission announced on November 18 its financial plan for the two Koreas’ reunification called “Korea’s Reunification & Financial Policy Task.” The Unification Finance Task Force, teamed up with the Ministry of Strategy and Finance, the Ministry of Unification and other research institutes, have studied for the last [...]