Samsung Display considers suspending output at South Korean LCD plant

KB Home CEO says confidence matters more than mortgage ratesMortgage rates have been falling sharply over the last three months, which should be incredibly positive for the housing market, but so far reaction has been muted in both…Real Estateread more


KB Home CEO says confidence matters more than mortgage ratesMortgage rates have been falling sharply over the last three months, which should be incredibly positive for the housing market, but so far reaction has been muted in both…Real Estateread more
Samsung Display considers suspending output at South Korean LCD plant Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16
Keywords: news, cnbc, companies, rates, korean, display, reaction, output, muted, months, matters, south, positive, mortgage, suspending, market, samsung, ratesmortgage, considers, sharply, lcd, plant


Samsung Display considers suspending output at South Korean LCD plant

KB Home CEO says confidence matters more than mortgage rates

Mortgage rates have been falling sharply over the last three months, which should be incredibly positive for the housing market, but so far reaction has been muted in both…

Real Estate

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Company: cnbc, Activity: cnbc, Date: 2019-08-16
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North Korea fired two projectiles, South Korean military says

North Korea on Tuesday continued to ramp up its weapons demonstrations by firing unidentified projectiles twice into the sea while lashing out at the United States and South Korea for continuing their joint military exercises the North says could derail fragile nuclear diplomacy. The statement said the drills leave the North “compelled to develop, test and deploy the powerful physical means essential for national defense.” It didn’t immediately say how many projectiles were fired or how far they


North Korea on Tuesday continued to ramp up its weapons demonstrations by firing unidentified projectiles twice into the sea while lashing out at the United States and South Korea for continuing their joint military exercises the North says could derail fragile nuclear diplomacy. The statement said the drills leave the North “compelled to develop, test and deploy the powerful physical means essential for national defense.” It didn’t immediately say how many projectiles were fired or how far they
North Korea fired two projectiles, South Korean military says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-05
Keywords: news, cnbc, companies, korea, norths, south, weapons, nuclear, military, north, summit, trump, fired, projectiles, korean, statement


North Korea fired two projectiles, South Korean military says

North Korea on Tuesday continued to ramp up its weapons demonstrations by firing unidentified projectiles twice into the sea while lashing out at the United States and South Korea for continuing their joint military exercises the North says could derail fragile nuclear diplomacy.

South Korea’s military alerted reporters on the launches just minutes before an unidentified spokesperson of the North’s Foreign Ministry released a statement denouncing Washington and Seoul over the start of their joint exercises on Monday. The statement said the drills leave the North “compelled to develop, test and deploy the powerful physical means essential for national defense.”

The North’s spokesperson said Pyongyang remains committed to dialogue, but it could seek a “new road” if the allies don’t change their positions.

Seoul’s Joint Chiefs of Staff said the projectiles were launched from an area near the North’s western coast and flew cross-country before landing in waters off the country’s eastern coast.

It didn’t immediately say how many projectiles were fired or how far they flew.

The North last week conducted two test-firings of what it described as a new rocket artillery system and conducted a short-range ballistic missile launch on July 25, which it described as a “solemn warning” to South Korea over its plans to continue military drills with the United States. Experts say the North’s weapons display could intensify in the coming months if progress isn’t made on the nuclear talks.

The allies have scaled down their major military exercises and stopped regional dispatches of U.S. strategic assets such as long-range bombers and aircraft carriers since the first summit between North Korean leader Kim Jong Un and President Donald Trump June 2018 in Singapore to create space for diplomacy.

The North insists even the downsized drills violate agreements between Kim and Trump, who in Singapore vowed to improve bilateral ties and issued a vague statement on a nuclear-free Korean Peninsula without describing when and how it would occur.

Nuclear negotiations have been at a standstill since the collapse of the second Trump-Kim summit in Vietnam in February over disagreements in exchanging sanctions relief and disarmament.

The North’s recent weapons tests have dampened the optimism that followed the third summit between Trump and Kim on June 30 at the inter-Korean border. The leaders agreed to resume working-level nuclear talks that stalled since February, but there have been no known meetings between the two sides since then.


Company: cnbc, Activity: cnbc, Date: 2019-08-05
Keywords: news, cnbc, companies, korea, norths, south, weapons, nuclear, military, north, summit, trump, fired, projectiles, korean, statement


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‘Kim does not want to disappoint me:’ Trump downplays a series of North Korean ballistic missile launches

President Donald Trump meets with North Korean leader Kim Jong Un at the demilitarized zone separating the two Koreas, in Panmunjom, South Korea, June 30, 2019. WASHINGTON — President Donald Trump took to Twitter on Friday to downplay a series of North Korean ballistic missile launches and defend its leader, Kim Jong Un. “Kim Jong Un and North Korea tested 3 short range missiles over the last number of days. “He will do the right thing because he is far too smart not to, and he does not want to


President Donald Trump meets with North Korean leader Kim Jong Un at the demilitarized zone separating the two Koreas, in Panmunjom, South Korea, June 30, 2019. WASHINGTON — President Donald Trump took to Twitter on Friday to downplay a series of North Korean ballistic missile launches and defend its leader, Kim Jong Un. “Kim Jong Un and North Korea tested 3 short range missiles over the last number of days. “He will do the right thing because he is far too smart not to, and he does not want to
‘Kim does not want to disappoint me:’ Trump downplays a series of North Korean ballistic missile launches Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: amanda macias
Keywords: news, cnbc, companies, missile, nuclear, trump, president, korean, korea, jong, downplays, disappoint, kim, launches, north, does, south, series, missiles


'Kim does not want to disappoint me:' Trump downplays a series of North Korean ballistic missile launches

President Donald Trump meets with North Korean leader Kim Jong Un at the demilitarized zone separating the two Koreas, in Panmunjom, South Korea, June 30, 2019.

WASHINGTON — President Donald Trump took to Twitter on Friday to downplay a series of North Korean ballistic missile launches and defend its leader, Kim Jong Un.

“Kim Jong Un and North Korea tested 3 short range missiles over the last number of days. These missiles tests are not a violation of our signed Singapore agreement, nor was there discussion of short range missiles when we shook hands,” Trump wrote, adding that Kim “does not want to disappoint me with a violation of trust.”

“He will do the right thing because he is far too smart not to, and he does not want to disappoint his friend, President Trump!”

Trump’s tweets came a day after North Korea launched two short-range ballistic missiles into the sea. The missiles did not appear to pose any immediate threat to the U.S. or its allies in the region, three U.S. defense officials told NBC News.

Earlier this week, North Korea fired two ballistic missiles from the Hodo Peninsula in South Hamgyong province on the country’s east coast. The projectiles appeared to be a different type than previous launches, South Korea’s national defense minister, Jeong Kyeong-doo, said, according to South Korean news agency Yonhap.

The Pentagon and the White House did not immediately respond to CNBC’s requests for comment.

This week’s tests come on the heels of an earlier test in July that marked the first provocation since Kim and Trump agreed in June to revive denuclearization talks. A summit between the two leaders in February failed to secure a deal.

North Korea, the only nation to have tested nuclear weapons this century, spent most of Trump’s first year in office perfecting its nuclear arsenal. The newest member of the world’s exclusive nuclear weapons club has stopped testing of its nukes for now as the U.S. and international community offer the possibility of relief from crippling economic sanctions.


Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: amanda macias
Keywords: news, cnbc, companies, missile, nuclear, trump, president, korean, korea, jong, downplays, disappoint, kim, launches, north, does, south, series, missiles


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Japan to remove South Korea from ‘white list’ of favored trade partners

South Korean President Moon Jae-in walks past Japanese Prime Minister Shinzo Abe at the G-20 summit in Osaka, Japan, on June 28, 2019. The decision to drop South Korea from the “white list,” a step that has been protested fiercely by Seoul, comes a month after Japan tightened curbs on exports to South Korea of three high-tech materials needed to make memory chips and display panels. South Korea would be the first country to be removed from Japan’s white list, which currently has 27 countries inc


South Korean President Moon Jae-in walks past Japanese Prime Minister Shinzo Abe at the G-20 summit in Osaka, Japan, on June 28, 2019. The decision to drop South Korea from the “white list,” a step that has been protested fiercely by Seoul, comes a month after Japan tightened curbs on exports to South Korea of three high-tech materials needed to make memory chips and display panels. South Korea would be the first country to be removed from Japan’s white list, which currently has 27 countries inc
Japan to remove South Korea from ‘white list’ of favored trade partners Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02
Keywords: news, cnbc, companies, remove, korean, wartime, trade, partners, white, korea, favored, south, export, told, list, united, japan


Japan to remove South Korea from 'white list' of favored trade partners

South Korean President Moon Jae-in walks past Japanese Prime Minister Shinzo Abe at the G-20 summit in Osaka, Japan, on June 28, 2019.

Japan’s cabinet on Friday approved a plan to remove South Korea from a list of countries that enjoy minimum export controls, a move likely to escalate tensions fueled by a dispute over compensation for wartime forced laborers.

The decision to drop South Korea from the “white list,” a step that has been protested fiercely by Seoul, comes a month after Japan tightened curbs on exports to South Korea of three high-tech materials needed to make memory chips and display panels.

The decision was approved by the cabinet and would take effect from Aug. 28, Industry Minister Hiroshige Seko told a briefing. He said the trade control was not a countermeasure and was done from the standpoint of Japan’s national security.

Japan has previously cited what it says is South Korea’s insufficient export controls as the main impetus for the move. But Tokyo has also highlighted what it says is an erosion of trust after South Korean court rulings ordered Japanese firms compensate wartime forced laborers.

Japan says that issue of compensation was settled by a 1965 treaty that normalized ties between Tokyo and Seoul.

South Korea would be the first country to be removed from Japan’s white list, which currently has 27 countries including Germany, Britain and the United States.

The measure could require South Korean exporters to take extra administrative procedures to obtain export licenses, potentially slowing down exports of a wide range of goods that could be used to produce weapons.

South Korean officials have warned they may reconsider an intelligence sharing accord with Japan if the feud worsens.

The United States has urged its two key Asian allies to consider reaching a “standstill agreement” to buy more time for talks, a senior U.S. administration official told reporters in Washington on Tuesday.

U.S. Secretary of State Mike Pompeo said on Thursday he hoped the two would find a solution by themselves, stressing cooperation on North Korea was “incredibly important.”

Seko said Japan had briefed the U.S. administration on its plans to remove South Korea from the list, and added that the move was not intended to hurt bilateral relations with South Korea.


Company: cnbc, Activity: cnbc, Date: 2019-08-02
Keywords: news, cnbc, companies, remove, korean, wartime, trade, partners, white, korea, favored, south, export, told, list, united, japan


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North Korea has fired multiple unidentified projectiles: South Korean media

North Korean leader Kim Jong Un inspects the defense detachment on Jangjae Islet in this undated picture released by the country’s official news agency on May 5, 2017. WASHINGTON — North Korea fired multiple unidentified projectiles early Wednesday in Asia, according to a Yonhap report, citing South Korean military officials. The latest turn of events comes less than a week after North Korea test-fired two new short-range ballistic missiles, the first missile test since North Korean leader Kim J


North Korean leader Kim Jong Un inspects the defense detachment on Jangjae Islet in this undated picture released by the country’s official news agency on May 5, 2017. WASHINGTON — North Korea fired multiple unidentified projectiles early Wednesday in Asia, according to a Yonhap report, citing South Korean military officials. The latest turn of events comes less than a week after North Korea test-fired two new short-range ballistic missiles, the first missile test since North Korean leader Kim J
North Korea has fired multiple unidentified projectiles: South Korean media Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-30  Authors: amanda macias
Keywords: news, cnbc, companies, fired, korea, south, media, missiles, multiple, projectiles, testfired, north, korean, miles, leader, unidentified, launched


North Korea has fired multiple unidentified projectiles: South Korean media

North Korean leader Kim Jong Un inspects the defense detachment on Jangjae Islet in this undated picture released by the country’s official news agency on May 5, 2017.

WASHINGTON — North Korea fired multiple unidentified projectiles early Wednesday in Asia, according to a Yonhap report, citing South Korean military officials.

The projectiles were launched from the Hodo Peninsula in South Hamgyong province on the country’s east coast, the South’s Joint Chiefs of Staff said.

The latest turn of events comes less than a week after North Korea test-fired two new short-range ballistic missiles, the first missile test since North Korean leader Kim Jong Un and President Donald Trump agreed to revive denuclearization talks last month.

South Korea’s Defense Ministry said the test-fired missiles were launched from North Korea’s east coast near Wonsan city and traveled about 428 miles over the sea. Both projectiles reached an altitude of 30 miles and did not present a risk to the United States or South Korea.


Company: cnbc, Activity: cnbc, Date: 2019-07-30  Authors: amanda macias
Keywords: news, cnbc, companies, fired, korea, south, media, missiles, multiple, projectiles, testfired, north, korean, miles, leader, unidentified, launched


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North Korea’s Kim says missile launch is a warning to South Korean ‘warmongers’

A man watches a television news screen showing a file footage of a North Korean missile launch, at a railway station in Seoul on July 25, 2019. The U.S. State Department urged Pyongyang to refrain from further provocations and hoped for a resumption of working-level talks on North Korea’s denuclearization. Kim said the test was “a solemn warning to the south Korean military warmongers” and accused South Koreans of “double dealing” for saying they support peace but simultaneously importing new we


A man watches a television news screen showing a file footage of a North Korean missile launch, at a railway station in Seoul on July 25, 2019. The U.S. State Department urged Pyongyang to refrain from further provocations and hoped for a resumption of working-level talks on North Korea’s denuclearization. Kim said the test was “a solemn warning to the south Korean military warmongers” and accused South Koreans of “double dealing” for saying they support peace but simultaneously importing new we
North Korea’s Kim says missile launch is a warning to South Korean ‘warmongers’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-26
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North Korea's Kim says missile launch is a warning to South Korean 'warmongers'

A man watches a television news screen showing a file footage of a North Korean missile launch, at a railway station in Seoul on July 25, 2019. North Korea fired two short-range missiles into the sea on July 25, South Korea’s Joint Chiefs of Staff said, after warnings from Pyongyang over military exercises between Washington and Seoul next month.

North Korean leader Kim Jong Un inspected the demonstration of a “new-type tactical guided weapon” on Thursday as a warning to South Korean “warmongers” to stop importing weapons and conducting joint military drills, state media said on Friday.

North Korea test-fired two new short-range ballistic missiles on Thursday, South Korean officials said, its first missile test since Kim and U.S. President Donald Trump agreed to revive denuclearization talks last month.

“We cannot but develop nonstop super-powerful weapon systems to remove the potential and direct threats to the security of our country that exist in the south,” Kim said, according to state news agency KCNA.

The U.S. State Department urged Pyongyang to refrain from further provocations and hoped for a resumption of working-level talks on North Korea’s denuclearization.

South Korea also urged Pyongyang to stop acts unhelpful to easing tension and said the tests posed a military threat.

The KCNA report did not mention Trump or the United States, but said Kim criticized South Korean authorities for staging joint military exercises, which are usually conducted with U.S. troops.

Kim said the test was “a solemn warning to the south Korean military warmongers” and accused South Koreans of “double dealing” for saying they support peace but simultaneously importing new weapons and conducting military drills.

South Korea’s leader should stop such “suicidal acts” and “should not make a mistake of ignoring the warning,” Kim said.

Kim said he was satisfied with the rapid response and low-altitude trajectory of the weapon, which he said would make it difficult to intercept.

South Korea’s defense ministry said the missiles were launched from North Korea’s east coast near Wonsan city traveled about 267 miles (430 km) and 428 miles (688 km) over the sea. They both reached an altitude of 30 miles (48 km).

Seoul’s National Security Council said on Thursday it believed the missiles were a new type of ballistic missile, but it would make a final assessment with the United States.

Ballistic missile tests would be a violation of U.N. Security Council resolutions that ban North Korean use of such technology. North Korea rejects the restriction as an infringement of its right to self-defense.


Company: cnbc, Activity: cnbc, Date: 2019-07-26
Keywords: news, cnbc, companies, military, north, warning, missile, kim, koreas, korea, missiles, launch, korean, warmongers, south, weapon


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Asia stocks mixed as RBA meeting minutes show willingness to move on interest rates

Stocks in Asia were mixed on Tuesday, as minutes from a recent meeting by the Reserve Bank of Australia showed the central bank’s willingness to move on monetary policy if necessary. Shares of Chinese tech heavyweight Xiaomi slipped 0.32%. The Nikkei 225 in Japan, which returned to trade after a holiday on Monday, slipped 0.69% to end its trading day at 21,535.25. The Topix index also shed 0.48% to close at 1,568.74,South Korea’s Kospi ended its trading day 0.45% higher at 2,091.87. The Korea Ex


Stocks in Asia were mixed on Tuesday, as minutes from a recent meeting by the Reserve Bank of Australia showed the central bank’s willingness to move on monetary policy if necessary. Shares of Chinese tech heavyweight Xiaomi slipped 0.32%. The Nikkei 225 in Japan, which returned to trade after a holiday on Monday, slipped 0.69% to end its trading day at 21,535.25. The Topix index also shed 0.48% to close at 1,568.74,South Korea’s Kospi ended its trading day 0.45% higher at 2,091.87. The Korea Ex
Asia stocks mixed as RBA meeting minutes show willingness to move on interest rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: eustance huang
Keywords: news, cnbc, companies, stocks, meeting, trading, shed, shenzhen, xiaomi, asia, rba, interest, korean, close, index, day, slipped, million, rates, minutes, mixed, willingness


Asia stocks mixed as RBA meeting minutes show willingness to move on interest rates

Stocks in Asia were mixed on Tuesday, as minutes from a recent meeting by the Reserve Bank of Australia showed the central bank’s willingness to move on monetary policy if necessary.

In China, the Shanghai composite slipped 0.16% to close at 2,937.62, while the Shenzhen component shed 0.28% to finish its trading day at 9,283.41. The Shenzhen composite closed just below the flatline at 1,571.81.

Hong Kong’s Hang Seng index advanced about 0.1%, as of its final hour of trading.

Shares of Chinese tech heavyweight Xiaomi slipped 0.32%. The firm took a 6% stake in chip designer VeriSilicon Holdings, with the move coming amid Beijing’s push for China to become more reliant in sectors such as chips. Xiaomi is set to announce quarterly earnings results in the second half of August.

The Nikkei 225 in Japan, which returned to trade after a holiday on Monday, slipped 0.69% to end its trading day at 21,535.25. The Topix index also shed 0.48% to close at 1,568.74,

South Korea’s Kospi ended its trading day 0.45% higher at 2,091.87. The Korea Exchange said Tuesday it would impose a 175 million Korean won (approx. $0.149 million) fine on Bank of America Merrill Lynch’s South Korean branch for irregular trading activities, Reuters reported.

Over in Australia, the benchmark S&P/ASX 200 slipped 0.18% to close at 6,641.00. Shares of miner Rio Tinto slipped 0.64% after the company announced a cost blowout and delay at its underground copper mine in Mongolia, along with a 3.5% drop in second-quarter iron ore shipments due to disruptions caused by a tropical cyclone earlier in the year.

Overall, the MSCI Asia ex-Japan index added 0.2%.


Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: eustance huang
Keywords: news, cnbc, companies, stocks, meeting, trading, shed, shenzhen, xiaomi, asia, rba, interest, korean, close, index, day, slipped, million, rates, minutes, mixed, willingness


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How boy band BTS went from South Korean idols to international superstars

Meet BTS, a seven-member South Korean boy band from Seoul. The band has sold millions of albums and is one of the most-watched artists on YouTube. They debuted in 2013 and are signed to South Korean entertainment company Big Hit Entertainment. While the group skyrocketed to popularity in 2017 in the U.S. after performing at the American Music Awards, BTS really is a global sensation. Should BTS maintain their popularity, they could generate $37 billion in economic value for South Korea over the


Meet BTS, a seven-member South Korean boy band from Seoul. The band has sold millions of albums and is one of the most-watched artists on YouTube. They debuted in 2013 and are signed to South Korean entertainment company Big Hit Entertainment. While the group skyrocketed to popularity in 2017 in the U.S. after performing at the American Music Awards, BTS really is a global sensation. Should BTS maintain their popularity, they could generate $37 billion in economic value for South Korea over the
How boy band BTS went from South Korean idols to international superstars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: sarah whitten
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How boy band BTS went from South Korean idols to international superstars

Meet BTS, a seven-member South Korean boy band from Seoul.

The band has sold millions of albums and is one of the most-watched artists on YouTube. Not to mention their stadium shows around the globe have quickly sold out.

BTS is comprised of RM, Jin, Suga, J-Hope, Jimin, V and Jungkook, skilled dancers, singers and rappers, who were brought together through a series of auditions in 2011 and 2012. They debuted in 2013 and are signed to South Korean entertainment company Big Hit Entertainment.

While the group skyrocketed to popularity in 2017 in the U.S. after performing at the American Music Awards, BTS really is a global sensation.

The band’s most recent album “Map of the Soul: Persona” had more than 3 million preorders internationally and, upon release, went to No. 1 on iTunes album charts in 89 countries.

BTS has had three albums hit the No. 1 spot in America in less than a year, the first group to achieve this since the Beatles did in 1964, 1965 and 1966.

Although, BTS, like most music artists, makes the bulk of their money from touring. Their “Love Yourself: Speak Yourself” tour has reportedly had more than $100 million in total ticket sales, averaging about $4.5 million per show.

It’s estimated that BTS is worth about $3.6 billion per year to the economy of South Korea and more than $1 billion in consumer exports, according to the Hyundai Research Institute, citing factors like tourism and merchandise sales. Should BTS maintain their popularity, they could generate $37 billion in economic value for South Korea over the next 10 years.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: sarah whitten
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Tension between Japan and South Korea is rising, and it looks set to drag down trade

Additionally, Tokyo removed South Korea from the list of “white countries” — countries that Japan deems to have trustworthy export control systems. The recent tensions between the two countries stem from more than six decades of resentment from South Korea toward Japan. Souring relationsTokyo’s changes to its approach to South Korean trade went into effect on Thursday, and Japanese exporters are now required to apply for licenses for some individual shipments to South Korea. Seaman wrote that th


Additionally, Tokyo removed South Korea from the list of “white countries” — countries that Japan deems to have trustworthy export control systems. The recent tensions between the two countries stem from more than six decades of resentment from South Korea toward Japan. Souring relationsTokyo’s changes to its approach to South Korean trade went into effect on Thursday, and Japanese exporters are now required to apply for licenses for some individual shipments to South Korea. Seaman wrote that th
Tension between Japan and South Korea is rising, and it looks set to drag down trade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: grace shao
Keywords: news, cnbc, companies, export, countries, seaman, set, trade, drag, looks, japanese, women, tension, korea, rising, korean, south, japan


Tension between Japan and South Korea is rising, and it looks set to drag down trade

South Korean President Moon Jae-In (R) walks after he was greeted by Japanese Prime Minister Shinzo Abe at the G-20 Summit in June 2019. Kim Kyung-Hoon | AFP | Getty Images

Tensions between Tokyo and Seoul intensified on Friday when Japan’s prime minister imposed new restrictions on exports that could hit South Korea’s tech industry. In response, some Koreans called for a boycott on Japanese goods. As the United States and China, the world’s two largest economies, continue hashing out their wide-ranging tariff battle. Two of Asia’s major economic players appear to be nearing their own trade war over political disputes. “The two governments will engage in a tit-for-tat exchange of retaliatory measures for at least the several months that further sours bilateral relations,” Scott Seaman, director for Asia at political consultancy Eurasia Group, said in a Sunday note. The latest escalation seems in part to have been caused by Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in failing to make progress on outstanding disagreements at last month’s G-20 summit. According to Seaman, Abe “appears to have been particularly irked” by the failure to resolve “differences over the handling of recent South Korean court rulings awarding damages to Koreans claiming to have been forced to work for Japanese firms during World War II.”

Japan imposes trade tariffs

Last Monday, Japan’s Ministry of Economy, Trade and Industry issued a statement that Tokyo “will apply updated licensing policies and procedures on the export and transfer of controlled items and their relevant technologies to (South Korea).” “Through careful consideration among the relevant ministries in Japan, the Government of Japan cannot help but state that the Japan-(South Korea) relationship of trust including in the field of export control and regulation has been significantly undermined,” the statement said. Additionally, Tokyo removed South Korea from the list of “white countries” — countries that Japan deems to have trustworthy export control systems. The recent tensions between the two countries stem from more than six decades of resentment from South Korea toward Japan. During the Japanese occupation of the Korean Peninsula from 1910 to 1945, many Korean woman were forced into sex work in military brothels. The term “comfort women” has often been used by Japan as a euphemism for all the women forced into sex work in the region during WWII. Japan apologized to the women as part of a 2015 deal and provided a 1 billion yen, approximately $9.4 million, fund to help them. But advocacy groups for “comfort women” in Korea have criticized the fund, and the South Korean government on Friday dissolved the fund despite Japan’s warnings that such action could damage bilateral ties.

Souring relations

Tokyo’s changes to its approach to South Korean trade went into effect on Thursday, and Japanese exporters are now required to apply for licenses for some individual shipments to South Korea. That will include exports of chemicals mostly used for making refrigerants, pharmaceutical intermediates, metals manufacturing, and sometimes semi-conductor preparations. Seaman wrote that the “change is expected (and arguably intended) to complicate and slow the process of exporting these goods from Japan to South Korea.” “Bulk licenses can, in principle, cover three years of shipments,” he added. “In contrast, applying for an export license for individual shipments can take 90 days or so to complete, with no guarantee of success, thus creating more uncertainty and potential costs.”

A container is unload onto a truck at the international cargo terminal at Tokyo’s port on May 16, 2019. Alessandro Di Ciomm | NurPhoto | Getty Images

Meanwhile, the removal of South Korea from Japan’s list of “white countries” is set to go into effect in late August. “Broadly speaking, the current group of 27 white countries are those that Japan considers to have strict export control regimes and with which it can hold regular discussions on such matters,” said Seaman. He added that Japan normally tries to discuss with “white countries” the handling of such items at least once every two years. Seaman pointed out that “Tokyo and Seoul have reportedly had only one such exchange since 2016, and none since Moon took office in May 2017.” That, he added, further underpins “the Abe government’s argument that trust in this area has broken down.”

Implications of an Asian trade war


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: grace shao
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Trump shook hands with North Korea’s Kim Jong Un in the Demilitarized Zone — here are photos and video of the historic meeting

U.S. President Donald Trump meets with North Korean leader Kim Jong Un at the demilitarized zone separating the two Koreas, in Panmunjom, South Korea, June 30, 2019. North Korean leader Kim Jong Un and U.S. President Donald Trump inside the demilitarized zone (DMZ) separating the South and North Korea on June 30, 2019 in Panmunjom, South Korea. U.S. President Donald Trump meets with North Korean leader Kim Jong Un at the demilitarized zone separating the two Koreas, in Panmunjom, South Korea, Ju


U.S. President Donald Trump meets with North Korean leader Kim Jong Un at the demilitarized zone separating the two Koreas, in Panmunjom, South Korea, June 30, 2019. North Korean leader Kim Jong Un and U.S. President Donald Trump inside the demilitarized zone (DMZ) separating the South and North Korea on June 30, 2019 in Panmunjom, South Korea. U.S. President Donald Trump meets with North Korean leader Kim Jong Un at the demilitarized zone separating the two Koreas, in Panmunjom, South Korea, Ju
Trump shook hands with North Korea’s Kim Jong Un in the Demilitarized Zone — here are photos and video of the historic meeting Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-30
Keywords: news, cnbc, companies, koreas, president, dmz, video, panmunjom, south, shook, zone, trump, korea, kim, meeting, photos, korean, north, jong


Trump shook hands with North Korea's Kim Jong Un in the Demilitarized Zone — here are photos and video of the historic meeting

U.S. President Donald Trump meets with North Korean leader Kim Jong Un at the demilitarized zone separating the two Koreas, in Panmunjom, South Korea, June 30, 2019. Kevin Lamarque | Reuters

The Demilitarized Zone, where President Donald Trump met North Korean leader Kim Jong Un on Sunday, may be the most heavily fortified strip of land in the world and serves as an uneasy and occasionally bloody borderline between the two Koreas. There isn’t much demilitarized about it: A minefield laced with barbed wire, it’s guarded by combat-ready troops on both sides and has been the site of numerous, sometimes deadly gunbattles and skirmishes. U.S. presidents and other top officials have often traveled to the DMZ to reaffirm their commitment to the defense of ally South Korea in times of hostility with North Korea. The venue of the third Trump-Kim meeting was the Korean border village of Panmunjom, located inside the DMZ. Trump became the first sitting U.S. president to set foot in North Korea when he crossed over the military demarcation line in the village into the North before he turned back to the southern side together with Kim for their third summit. The DMZ, which runs across the Korean Peninsula, is 248 kilometers (154 miles) long and 4 kilometers (2.5 miles) wide. Created as a buffer at the close of the 1950-53 Korean War, it’s jointly overseen by the American-led U.N. Command and North Korea. Hundreds of thousands of North and South Korean troops are now deployed along the DMZ, which is littered with an estimated 2 million mines, tank traps, razor wire fences and guard posts.

North Korean leader Kim Jong Un and U.S. President Donald Trump inside the demilitarized zone (DMZ) separating the South and North Korea on June 30, 2019 in Panmunjom, South Korea. Handout | Getty Images News | Getty Images

It’s extremely rare for anyone to cross the DMZ in unauthorized areas. More than 30,000 North Koreans have escaped to South Korea for political and economic reasons since the war’s end, but mostly via the North’s long, porous border with China. Violence was more common in the Cold War, but a 2015 land mine blast blamed on North Korea maimed two South Korean soldiers and pushed the rival Koreas to the brink of an armed conflict. As relations improved last year, the two Koreas agreed on several deals aimed at reducing animosity at the border. They removed mines from certain areas, dismantled some of their guard posts and halted front-line live-fire exercises. Experts say tensions can easily return if diplomacy eventually fails to end the North Korean nuclear stalemate.

U.S. President Donald Trump and North Korean leader Kim Jong-un briefly met at the Korean demilitarized zone (DMZ) on Sunday, with an intention to revitalize stalled nuclear talks and demonstrate the friendship between both countries. Handout | Getty Images News | Getty Images

Panmunjom

Panmunjom has been the venue for past high-level talks. It’s somewhat safer than other areas, and it is just an hour’s drive from Seoul, South Korea’s capital. Most past DMZ visits by U.S. presidents and other officials happened at Panmunjom and nearby areas. Sunday’s summit between Trump and Kim took place in a building in the southern part of Panmunjom. Before the meeting, Trump and Kim shook hands and posed for photos several times as they stepped across the concrete slabs that form the village’s borderline. Last year, Kim came to the village’s southern side when he held a summit with South Korean President Moon Jae-in, becoming the first North Korean leader to set foot in the South. North and South Korean troops stand only several meters (yards) away from each other there. They once carried pistols, but since last year’s deals they aren’t armed. Panmunjom is also where an armistice was signed to stop the Korean War. That armistice has yet to be replaced with a peace treaty, leaving the Korean Peninsula in a technical state of war. About 28,500 American troops are still stationed in South Korea.

U.S. President Donald Trump meets with North Korean leader Kim Jong Un at the demilitarized zone separating the two Koreas, in Panmunjom, South Korea, June 30, 2019. Kevin Lamarque | Reuters

Panmunjom is 52 kilometers (32 miles) north of Seoul and 147 kilometers (91 miles) south of Pyongyang, North Korea’s capital. Since the armistice, more than 830 rounds of talks have been held in various Panmunjom conference rooms. The most notorious incident at Panmunjom happened in 1976, when ax-wielding North Korean soldiers killed two U.S. officers sent out to trim a tree that obstructed the view from a checkpoint. Washington sent nuclear-capable bombers toward the DMZ in response. Animosities eased after North Korea’s then-leader, Kim Il Sung, the grandfather of Kim Jong Un, expressed regret over the incident. In 2017, North Korean soldiers sprayed bullets at a colleague who was making a dash for the border. He survived and now lives in South Korea.

U.S. President Donald Trump meets with North Korean leader Kim Jong Un at the demilitarized zone separating the two Koreas, in Panmunjom, South Korea, June 30, 2019. Kevin Lamarque | Reuters

Past presidential visits

In 1993, President Bill Clinton visited Panmunjom when the North Korean nuclear crisis first flared. In 2002, President George W. Bush visited the DMZ a few weeks after he labeled North Korea part of an “axis of evil.” In March 2012, Kim Jong Un came down to Panmunjom and met front-line North Korean troops in his first known visit to the area since taking power in late 2011. He gave the troops rifles and machine guns as souvenirs and ordered them to maintain “maximum alertness,” according to North Korean state media. Days after Kim’s Panmunjom trip and ahead of a planned North Korean long-range rocket launch, President Barack Obama visited a front-line U.S. military camp just south of the DMZ and told American troops they are protectors of “freedom’s frontier.” In November 2017, Trump planned to visit the DMZ with Moon to underscore his stance on North Korea’s nuclear program, but his plans were thwarted by heavy fog that prevented his helicopter from landing at the borde


Company: cnbc, Activity: cnbc, Date: 2019-06-30
Keywords: news, cnbc, companies, koreas, president, dmz, video, panmunjom, south, shook, zone, trump, korea, kim, meeting, photos, korean, north, jong


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