SEOUL, May 31 (Korea Bizwire) — South and North Korea had no cross-border trade last year and Seoul’s humanitarian aid to Pyongyang hit an all-time low amid frozen inter-Korean ties, the unification ministry said Friday. It marked the first time that the two Koreas logged no cross-border trade since 1989, when they began trading, according [...]
SEOUL, Jan. 4 (Korea Bizwire) – The unification ministry said Thursday it has decided to dissolve the foundation in charge of assisting the operation of a now-shuttered joint industrial complex in North Korea’s border city of Kaesong amid frosty inter-Korean ties. The move came nearly eight years after South Korea shut down the industrial complex [...]
SEOUL, Aug. 23 (Korea Bizwire) — The unification ministry said Wednesday it plans to slim down and overhaul its organizational structure, including units that oversee inter-Korean exchanges, amid strained ties between the two Koreas and heightened tensions on the peninsula. Under the plan, the ministry plans to cut 81 employees, roughly 13 percent of its [...]
SEOUL, July 28 (Korea Bizwire) — The unification ministry on Friday announced a plan to slim down and overhaul its organizational structure amid the freezing of ties between the two Koreas and growing security tensions over the peninsula. The ministry plans to relocate around 80 employees, roughly 15 percent of its workforce, and merge four [...]
SEOUL, May 20 (Korea Bizwire) — South Korea’s unification ministry has launched a new section on its website featuring “fake news” as part of efforts to prevent the spread of groundless rumors about North Korea and inter-Korean affairs. It is the first time that a government agency has launched such a fake news section on [...]
SEOUL, Feb. 9 (Korea Bizwire) – A North Korean art troupe will come to Seoul Saturday to rehearse for its second and final performance in South Korea, the unification ministry said Friday. The 140-strong troupe, named the Samjiyon Orchestra, has been staying on the Mangyongbong-92 ferry, which is docked at the eastern port of Mukho, [...]
SEOUL, July 19 (Korea Bizwire) – South Korea’s Unification Ministry on Wednesday approved Hyundai Asan Corp.’s bid to contact North Korea as the company seeks to visit the North next month to mark the anniversary of the death of its former chairman. The operator of the now-suspended inter-Korean tour to Mount Kumgang on North Korea’s [...]