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Unification Ministry to Dissolve Foundation Managing Kaesong Complex Affairs

Unification Ministry to Dissolve Foundation Managing Kaesong Complex Affairs

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 [...]

Unification Ministry to Downsize, Overhaul amid Tense Inter-Korean Ties

Unification Ministry to Downsize, Overhaul amid Tense Inter-Korean Ties

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 [...]

Unification Ministry to Downsize, Overhaul Organization amid Strained Inter-Korean Ties

Unification Ministry to Downsize, Overhaul Organization amid Strained Inter-Korean Ties

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 [...]

Hyundai Asan Gets Green Light From Seoul to Contact N.K. Over Memorial Service

Hyundai Asan Gets Green Light From Seoul to Contact N.K. Over Memorial Service

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 [...]