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PyeongChang Organizers ‘Respect’ IOC’s ban on Russia from 2018 Olympics

PyeongChang Organizers ‘Respect’ IOC’s ban on Russia from 2018 Olympics

SEOUL, Dec. 6 (Korea Bizwire) — Organizers of the 2018 PyeongChang Winter Olympics said Wednesday they “respect” the decision by the International Olympic Committee (IOC) to ban Russia from the competition over its state-sponsored doping. The IOC’s Executive Board announced in Lausanne, Switzerland, that it would suspend the Russian Olympic Committee (ROC) with “immediate effect.” [...]

Moon Discusses Energy, Infrastructure, Agriculture in Address at EEF

Moon Discusses Energy, Infrastructure, Agriculture in Address at EEF

VLADIVOSTOK, Sept. 7 (Korea Bizwire) — President Moon Jae-in on Thursday proposed expanding economic cooperation between South Korea and Russia in a wide range of areas, including energy, infrastructure and agriculture, noting those projects might set an example of co-prosperity for isolated North Korea. In his address to the third Eastern Economic Forum (EEF) in [...]

Alipay Enters Partnership with VTB to Expand Merchant Network in Russia

Alipay Enters Partnership with VTB to Expand Merchant Network in Russia

HANGZHOU, China, Aug. 4 (Korea Bizwire) — Alipay, the world’s largest online and mobile payment platform and lifestyle super app operated by Ant Financial Services Group, today announced its partnership with VTB Group, one of Russia’s leading banking groups. VTB Group has recently started merchant acquiring for Alipay payments service in its over-120,000-POS-device network, which [...]

Pushkin Monument in Central Seoul Serving as Symbol of Korea-Russia Ties

Pushkin Monument in Central Seoul Serving as Symbol of Korea-Russia Ties

SEOUL, June 7 (Korea Bizwire) – A monument of one of Russia’s most beloved poets, Alexander Sergeyevich Pushkin, was erected in front of Lotte Hotel Seoul in November 2013, an initiative of Korea-Russia Dialogue, a non-government group promoting binational exchanges.  The site was offered by Lotte, which had been running multiple businesses in Russia since [...]

Russia, China Adopt Sanctions on N. Korea’s Flight Services: Ministry

Russia, China Adopt Sanctions on N. Korea’s Flight Services: Ministry

SEOUL, March 30 (Korea Bizwire) – Russia and China have recently adopted punitive measures affecting North Korea’s aviation industry in a bid to mount pressure on the regime following its series of military provocations, the foreign ministry here said Thursday. “Last May, the European Union banned North Korean airplanes or airplanes that depart from North [...]