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NK-UN sanctions drive

March 19, 2013 17:30
By Lee Chi-dong WASHINGTON, March 19 (Yonhap) -- On a trip to Northeast Asia, a couple of senior U.S. officials specializing in economic sanctions have been discussing ways to impose financial restrictions on North Korea as tough as those on Iran, an informed source said Tuesday. David Cohen, under secretary of the Treasury for terrorism and financial intelligence, and Dan Fried, the State Department's sanctions coordinator, are due in Beijing following trips to Tokyo and Seoul. The two are in charge of Washington's sanctions worldwide.

N. Korea runs 'bad news' trade surplus: economists

March 19, 2013 02:00
After decades in the red, North Korea may be running a trade surplus, according to two economists who warn the breakthrough makes Pyongyang less vulnerable to pressure on its nuclear program. Marcus Noland and Stephen Haggard, both North Korea experts at the Washington-based Peterson Institute for International Economics, say their research suggests the North's current account went into surplus in 2011.

U.S. to bolster missile defences to counter North Korea threat - Hagel

March 15, 2013 15:45
By Phil Stewart and David Alexander WASHINGTON (Reuters) - U.S. Defense Secretary Chuck Hagel announced plans on Friday to bolster U.S. missile defences in response to "irresponsible and reckless provocations" by North Korea, which threatened a preemptive nuclear strike against the United States last week.

North Korea-weekly review-4

March 13, 2013 22:01
*** INTER-KOREAN RELATION Inter-Korean Trade Dwarfed by China-North Korea Trade: Data SEOUL (Yonhap) -- Inter-Korean trade jumped more than 15 percent last year but was still far short of that between China and North Korea, data showed on March 7. According to the data compiled by the Korea International Trade Association (KITA) in Seoul, trade volume between South Korea and North Korea reached US$1.98 billion last year, up 15.8 percent from a year earlier.

North Korea-weekly review-2

March 13, 2013 22:01
*** TOPIC OF THE WEEK (Part 1) International Community Ready to Take New Sanctions on N. Korea for Nuke Test SEOUL (Yonhap) -- The U.N. Security Council (UNSC) decided on March 7 to impose additional sanctions on North Korea for its Feb. 12 nuclear test, heralding "toughest" sanctions against the socialist country, which has defied repeated international warnings.

(News Focus) N Korea-new sanctions

March 12, 2013 16:27
By Lee Chi-dong WASHINGTON/NEW YORK, March 7 (Yonhap) -- The U.S. says it is confident that new U.N. sanctions against North Korea will "bite hard." China calls the resolution "balanced." Resolution 2094 is a product of more than three weeks of haggling between the so-called "G-2," a familiar pattern at the U.N. Security Council in dealing with North Korea's provocations. U.N. diplomats describe it as the art of U.N. diplomacy.

N Korea-game plan

March 12, 2013 16:24
By Lee Chi-dong WASHINGTON, march 8 (Yonhap) -- North Korea's 20-something leader, Kim Jong-un, is apparently seeking a higher-stakes game with the United States than his father did as he believes he has more bargaining chips, an American expert said Friday. A barrage of strongly worded military threats by North Korea this week reflects Kim's bolder intentions, according to Ken Gause, director of the International Affairs Group at CNA, a defense-related research organization in Alexandria, Virginia.

UN resolution-gist

March 12, 2013 16:23
NEW YORK, March 7 (Yonhap) -- The following is the gist of U.N. Security Council Resolution 2094, adopted Thursday in response to North Korea's nuclear test on Feb. 12. The measure: - Condemns in the strongest terms North Korea's ongoing nuclear activities, including its uranium enrichment program, and reaffirms the obligation on North Korea to abandon all existing nuclear, other weapons of mass destruction and ballistic missile programs.

UN-NK resolution

March 12, 2013 16:19
NEW YORK/SEOUL, March 7 (Yonhap) -- Undeterred by angry threats of a "preemptive nuclear attack," the U.N. Security Council decided Thursday to impose additional sanctions on North Korea for its Feb. 12 nuclear test. Resolution 2094 unanimously passed by the 15-member council calls for the international community to ratchet up punitive steps to curb North Korea's development of nuclear weapons and missiles. The U.S. said the new binding resolution will "bite hard."

(News Focus) China-NK sanctions

March 12, 2013 16:13
SEOUL, March 8 (Yonhap) -- China's decision to approve a new U.N. Security Council resolution expanding sanctions against North Korea is a welcome step, but the latest sanctions will bring the North to heel only if China takes a sincere approach to implementing them, analysts said Friday. Nearly a month after North Korea conducted its third nuclear test, the U.N.'s 15-member council passed the resolution, adding three North Korean personnel and two entities to a sanctions list.
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