South Korea says sanctions shrank North Korean economy at sharpest rate in 20 years

SEOUL (Reuters) – North Korea’s economy contracted at the sharpest rate in two decades in 2017, South Korea’s central bank estimated on Friday, as international sanctions and drought hit growth hard, with signs living conditions were beginning to deteriorate. Gross … Read More

Japan, U.S., S. Korea eye strict enforcement of N. Korea sanctions

posted in: Far East, News

The defense ministers of Japan, the United States and South Korea agreed Friday they will jointly work to ensure U.N. sanctions against North Korea are strictly enforced, including blocking ship-to-ship transfers of goods. Japanese Defense Minister Takeshi Iwaya told reporters … Read More

North, South Korea agree to reconnect roads, rail amid US concern over easing sanctions

posted in: Far East, News

North and South Korea have agreed to reconnect road and rail links. The two countries said in a statement that they will carry out joint transport surveys later this month. U.S. concern exists over any easing of sanctions while the … Read More

Moon urges US Move

posted in: Far East, News

Formal Ending Korean War.  Says N Korea willing to abolish all nuke weapons. South Korean President Moon Jae-in yesterday called on the United States to move towards the nuclear-armed North’s demands for a declaration the Korean War is over, as … Read More

South Korea reveals plan to break stalemate in US-North Korea talks

South Korean President Moon Jae-in and North Korean leader Kim Jong Un hold their hands together after watching the mass games performance of “The Glorious Country” at May Day Stadium in Pyongyang, North Korea, Wednesday, Sept. 19, 2018. PYONGYANG PRESS … Read More

Heading for Re-union?

While both Korean leaders are leaving personal egos aside to keep the peace process on top, it looks that they have a cue of Vietnamese re-union, which suits to Korean Peace process It may emerge as the major political development … Read More

Donald Trump Signs Renegotiated Trade Agreement with South Korea

posted in: Far East, News

President Donald Trump signed a new free trade agreement with South Korea on Monday, celebrating it as a major achievement for his administration. “From day one I promised the American people that I would renegotiate our trade deals to ensure … Read More

UN chief: No inter-Korean success without US-NKorea success

North Korean leader Kim Jong Un, left, flanked by his wife Ri Sol Ju, second from left, bids farewell to South Korean President Moon Jae-in, second from right, and his wife Kim Jung-sook, at Samjiyon airport, in North Korea, Thursday, … Read More

N. Korea denuclearization plan vague, but talks with US likely to proceed

South Korean President Moon Jae-in, left, and North Korean leader Kim Jong Un, right, attend their summit as South Korea’s National Intelligence Service Director Suh Hoon, second from left, and North Korean senior ruling party official and former intelligence chief, … Read More

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