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S. Korea Making Headway on Resolving Obstacles for 2016 Space Rocket Launch

S. Korea Making Headway on Resolving Obstacles for 2016 Space Rocket Launch

GOHEUNG,  Feb. 1 (Korea Bizwire) - South Korea is on course to test launch its next-generation space rocket in late 2016 after it made headway in resolving a major technical obstacle that could have led to delays, the head of the country’s aerospace research institute said Sunday. In a meeting with reporters at the Naro Space [...]

N. Korea Blocks S. Korean Loudspeaker Broadcasts

N. Korea Blocks S. Korean Loudspeaker Broadcasts

SEOUL, Jan.20 (Korea Bizwire) – With South Korea resuming loudspeaker broadcasts against North Korea following the latter’s nuclear test, North Korea also responded with its own loudspeaker broadcasts. However, instead of pointing its speakers to the south, it is sending out broadcasts towards its own territory. According to SBS, a South Korean broadcasting network, the [...]

S. Korea not Considering Closure of Kaesong Complex

S. Korea not Considering Closure of Kaesong Complex

SEOUL, Jan. 12 (Korea Bizwire) – South Korea said Tuesday it is not considering temporarily shutting down a joint industrial park in North Korea at this stage despite the North’s claimed successful test of a hydrogen bomb last week. The government has decided to limit the entry of South Korean nationals into Kaesong Industrial Complex [...]

IMF director : S. Korea Needs to Revive Economic Dynamics

IMF director : S. Korea Needs to Revive Economic Dynamics

SEOUL, Dec. 27 (Yonhap) – South Korea needs to revive its economic dynamics to achieve sustainable growth, as it may face a drop in growth potential due to the rapidly aging population, a director of the International Monetary Fund (IMF) said Sunday. “The Bank of Korea (BOK) estimated that South Korea’s growth potential is around 3 to 3.2 percent, but it will likely drop to below 3 percent in the long-term due to structural [...]

Refugees From Myanmar Arrive in S. Korea for Resettlement

Refugees From Myanmar Arrive in S. Korea for Resettlement

SEOUL, Dec. 23 (Korea Bizwire) - A total of 22 refugees from Myanmar arrived in South Korea, officials said Wednesday, becoming the first beneficiaries of Seoul’s new resettlement program for refugees. The refugees, four different families, had been staying at refugee camps in Thailand to avoid suppression in Myanmar before being allowed to fly to South [...]

Majority of Suicides in S. Korea Take Place Outside the Home

Majority of Suicides in S. Korea Take Place Outside the Home

SEOUL, Dec. 18 (Korea Bizwire) – The majority of suicides in South Korea take place outside the home, which is in stark contrast to other countries where people opt to die at home, an international study showed on Friday. The report, published in the latest issue of the journal Social Psychiatry and Psychiatric Epidemiology and [...]

S. Korea Rejects Bartering with N. Korea

S. Korea Rejects Bartering with N. Korea

SEOUL, Dec. 17 (Korea Bizwire) – South Korea won’t accept North Korea’s demands simply to achieve its goal of regular reunions for families separated in the 1950-53 Korean War, Seoul’s point man on Pyongyang said Thursday. Unification Minister Hong Yong-pyo was referring to Pyongyang’s demand that the two sides resume a long-stalled tour program to [...]

S. Korea-Vietnam FTA to Take Effect Next Week

S. Korea-Vietnam FTA to Take Effect Next Week

SEJONG, Dec. 16 (Korea Bizwire) - The free trade pact between South Korea and Vietnam will go into effect on Dec. 20, and will help fuel trade and expand investment opportunities, the government said Wednesday. According to the Ministry of Trade, Industry and Energy, Seoul and Hanoi agreed on the effective date through diplomatic channels, with [...]