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N. Korea's nuke suspension brightens S. Korean economic outlook

North Korea's decision to halt nuclear tests is expected to ease uncertainties related to geopolitical risks in the South Korean economy, market watchers said Saturday.Pyongyang's state media said it will stop nuclear and missile tests and dismantle its nuclear test site in a shift of policy focus to the economy. The announcement came ahead of North Korea's summits with South Korea and the United States.The move boosted hopes among local investors about easing of tensions on the Korean Peninsula

Parties show mixed reactions to N. Korea's nuke test suspension

Political parties on Saturday showed mixed responses over North Korea's decision to cease its testing of nuclear weapons and ballistic missiles and close its nuclear test site ahead of summits with the South and the United States.The liberal ruling Democratic Party (DP) welcomed North Korean leader Kim Jong-un's decision reported by the North's Korean Central News Agency. The party vowed support for the inter-Korean summit scheduled for Friday in the border truce village."The DP welcomes North K

Today
Politics
Kim Jong-un justifies US-NK summit to his people, sends message to US

North Korean leader Kim Jong-un shifts his policy focus boosting the North's economy

Today
North Korea
Trump welcomes North Korea's freeze on nuclear tests

U.S. President Donald Trump on Saturday welcomed North Korean leader Kim Jong-un's pledge to suspend nuclear and missile tests and shut down its nuclear test site."North Korea has agreed to suspend all Nuclear Tests and close up a major test site. This is very good news for North Korea and the World - big progress! Look forward to our Summit," Trump said on Twitter. (Yonhap)North Korea made the announcement ahead of its upcoming summits with South Korea and the U.S."From April 21, North Korea wi

Today
North Korea
Punggye-ri test site: Core facility behind N. Korea's nuclear program

North Korea has promised to close one of core facilities of its nuclear program ahead of its historic summits with the South and the United States. Pyongyang on Saturday announced that it will suspend nuclear and missile tests and dismantle the Punggye-ri nuclear test site in the northeastern province.(Yonhap)The North has conducted its all six nuclear detonations at the Punggye-ri facility in North Hamgyong Province. The first test was carried out on October 9, 2006, followed by a second one on

Today
North Korea
China welcomes N.K. suspencion of tests

China on Saturday welcomed North Korea's decision to halt nuclear and missile tests and close its atomic test site.The Ministry of Foreign Affairs said in a statement that the move would help ease tensions and promote denuclearization on the Korean Peninsula. (Yonhap)"The Chinese side believes that North Korea's decision will help ameliorate the situation on the peninsula. China welcomes this," ministry spokesperson Lu Kang was quoted as saying. (Yonhap)

Today
North Korea
Customs officials raid Korean Air over alleged tax evasion by chairman's daughter

Customs officials raided the headquarters of Korean Air Lines Co. and the residence of the chairman's daughter on Saturday to look into allegations that the heiress didn't pay duties on luxury goods brought into the country.Investigators from the Korea Customs Service stormed into the main office of the country's biggest airline in western Seoul and the house of Cho Hyun-min, Korean Air's senior vice president. (Yonhap)Cho is also under probe over allegations that she threw water in the face of

Today
Social affairs
Seoul voices concerns over Abe's sending of offering to war shrine

South Korea voiced deep concerns on Saturday over Japanese Prime Minister Shinzo Abe's sending of an offering and a visit by lawmakers to a controversial shrine that honors Japanese war dead, including World War II criminals."The government expresses its deep concerns and regret over Japanese government and parliamentary officials sending an offering to or visiting the Yasukuni Shrine that glorifies its history of colonial-era invasion and wars of aggression," the foreign ministry said in a comm

Today
North Korea
Dance music superstar Avicii dead at 28

Avicii, one of the world's most successful DJs who helped usher in the global boom in electronic music but struggled to cope with the hard-partying lifestyle, died Friday in Oman, his representative said. He was 28.Two years after his unusually early retirement from touring, the Swedish DJ was found dead in the Gulf sultanate's capital Muscat.“It is with profound sorrow that we announce the loss of Tim Bergling, also known as Avicii,” his management said in a statement, without specifying the ca

Today
World News
S. Korean finance minister warns against protectionism

South Korea's chief economic policymaker warned Friday that rising trade protectionism by major countries poses risks to global economic growth, calling for concerted efforts to promote free trade.Finance Minister Kim Dong-yeon made the remarks during a meeting of finance ministers and central bankers from Group of 20 advanced economies in Washington. They gathered for the annual meeting of the International Monetary Fund and World Bank.Finance Minister Kim Dong-yeon (Yonhap)"Protectionism will

Today
Economy
Japan not satisfied with N. Korea pledge, will continue pressure

Japanese Defense Minister Itsunori Onodera (AFP)Japan is not satisfied with North Korea’s pledge to halt nuclear tests and intercontinental missile launches, its defence minister said on Saturday, warning that Tokyo will continue to put maximum pressure on Pyongyang. “We can't be satisfied,” Itsunori Onodera told reporters in Washington, saying North Korea did not mention “abandonment of short-range and medium-range ballistic missiles.” (AFP)

Today
North Korea
N. Korean officials handling S. Korea affairs gain clout amid

In North Korea, an apparent power change is under way among top officials amid a peace mood on the peninsula ahead of the inter-Korean summit talks that will be followed by an unprecedented Pyongyang-Washington summit, according to the communist nation's announcement Saturday.What's noteworthy is the rise of officials who have played a major role in creating the current security situations, such as Kim Chang-son and Ri Son-gwon.They have emerged as leader Kim Jong-un's key aides over hard-line o

Today
North Korea
Seoul welcomes North’s decision to freeze nuke tests

South Korea on Saturday welcomed North Korea’s decision to suspend nuclear and missile tests and shut down a nuclear test site, hailing it as a “meaningful progress.” “North Korea’s decision is a meaningful progress for the denuclearization of the Korean Peninsula the world has hoped for,” the presidential office said in a statement. “It will create a very positive environment for the success of the upcoming inter-Korean and North-US summits.” (Herad DB)North Korea announced that it will stop nu

Today
North Korea
NK announces freeze on nuclear, missile tests

North Korean leader Kim Jong-un has announced that the country will suspend nuclear and missile tests and shut down a nuclear test site in the northern area, state media said Saturday."From April 21, North Korea will stop nuclear tests and launches of intercontinental ballistic missiles," the Korean Central News Agency said."The North will shut down a nuclear test site in the country's northern side to prove the vow to suspend nuclear test," it added. North Korean leader Kim Jong-un is seen spea

Today
North Korea
[Breaking] Park Won-soon wins party candidacy to rerun for Seoul mayor

The ruling Democratic Party of Korea on Friday confirmed incumbent Park Won-soon as the candidate for the mayor of Seoul for the June local elections. Park Won-soon (Yonhap)Last month, Park had officially announced his candidacy for a third term Thursday. He beat against four-term lawmaker Park Young-sun and three-term lawmaker Woo Sang-ho for the party’s nomination.Park will be running against former presidential hopeful Ahn Cheol-soo of the minor Bareunmirae Party and former Gyeonggi Province

Apr 20, 2018
Politics

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