ibusinesslines.com
ibusinesslines.com July 22, 2017


North Korea says to take "corresponding measures" if United Nations adopts sanctions

17 July 2017, 04:29 | Justin Tyler

GETTY EPA IMPRESSIVE South Korea released this

South Korea live-fire training exercise in Pohang

But it remains to be seen whether the North will accept the proposal as it's still demanding South Korea repatriate twelve female North Koreans who defected to the South past year.

"Talks and cooperation between the two Koreas to ease tension and bring about peace on the Korean peninsula will be instrumental for pushing forth a mutual, virtuous cycle for inter-Korea relations and North Korea's nuclear problem", the South's Unification Minister Cho Myoung-gyon told a news briefing.

North Korea's multiple missile tests in recent months, culminating with its first-ever successful launch last week of an intercontinental ballistic missile capable of reaching Alaska, has alarmed the global community and presented Trump's first major foreign policy test.

Trump has complained that trade increased between the two despite calling on his Chinese counterpart Xi Jinping to use the nation's unique diplomatic and economic clout over North Korea as leverage.

South Korea on Monday proposed military talks with North Korea this week, the first government-level talks since late 2015, in an effort to halt hostile activities near their joint border and after a series of missile tests by the North in recent weeks.

A Chinese government official said Thursday that China-North Korea trade was worth $2.6 billion in the first half of 2017, up about 10% over the same period past year. Despite that track record, the Trump White House displayed an initial optimism, presenting North Korea as an easily solvable problem with the help of Chinese President Xi Jinping, with whom Trump had a friendly summit back in April.


Tongilgak is a North Korean building at the Panmunjom truce village on the border used for previous inter-Korea talks. Trump tweeted on July 5.

North Korea gets most of its fuel from China, with some coming from Russian Federation. "They've had numerous wars with Korea". "So much for China working with us - but we had to give it a try!"

Sanctions are also the measure with the greatest potential to rankle Beijing, which considers unilateral sanctions a violation of national sovereignty and fears the economic disruption that sanctions might cause.

Most of that was sold by CNPC, which grew to dominate China's energy trade with Pyongyang over the past two decades.

UN Security Council Resolution 2270, approved in March 2016, included a ban on all exports of materials like coal, iron and iron ore from North Korea.

Such purchases are permitted under the sanctions and generate no revenue for nuclear development, said a foreign ministry spokesman, Geng Shuang.



Other News

Trending Now

Another Pippa Middleton sighting Friday at Wimbledon
Wedge sandals finished off the look, along with a pop of colour by way of her bright green Tory Burch cross-body bag. Kate accessorised the look with a white Victoria Beckham tote and gold earrings by Cassandra Goad.

Jordan soldier who killed US trainers jailed for life
The parents of one of the slain United States troops and the father and sister of another were present during Monday's session. Jordan initially said the Americans triggered the shooting by disobeying entry rules, a claim that was later withdrawn.

PFLP: Jerusalem Attack Achievement of Palestinian Resistance
The closure stopped Muslims gathering there for Friday prayers, drawing a call for resistance from Palestinian leaders. Spokesman Micky Rosenfeld said police tracked down the 34-year-old suspect in a joint operation with the military.

Himax Technologies (NASDAQ:HIMX) Earning Positive News Coverage, Analysis Shows
The current share price indicates that stock is -26.85% away from its one year high and is moving 64.14% ahead of its 52-week low. Canada Pension Plan Investment Board increased its position in shares of Himax Technologies by 2,325.6% in the first quarter.

39 abducted Indians could be in Badush jail: Sushma
This comes days after the ministry of external affairs on said that the Centre was leaving no stone unturned in finding and saving 39 Indian in Mosul.

Presto crypto: IBM releases gruntier, faster Z14 mainframe
Organisations can now immediately demonstrate that data within of scope of compliance is protected and the keys are secure. Application development and test environments will be tripled so capacity can be raised without a license increase.

Dead, Man Missing in Flash Flood at Arizona Swimming Hole
Two people are still missing but that number may increase, deputies said on Sunday as the extent of the damage became more clear. Elsewhere in the USA , officials are concerned flooding could impact the start of classes next month. "We got a lot worse news".