Tag: pyongyang

North Korea may choose to follow Vietnam’s economic model as it looks to open up

As North Korea signals a willingness to open up its highly centralized, socialist economy, Vietnam’s model of development is being widely suggested as a blueprint for Pyongyang to emulate. Hanoi’s ability to retain one-party rule, strict censorship, minimal dissent and a top-down system of control after integrating into the global economy is an attractive prospect for North Korea, according to analysts. To gauge lessons for its own future, North Korea has long studied communist governments such

As North Korea signals a willingness to open up its highly centralized, socialist economy, Vietnam’s model of development is being widely suggested as a blueprint for Pyongyang to emulate. Hanoi’s ability to retain one-party rule, strict censorship, minimal dissent and a top-down system of control after integrating into the global economy is an attractive prospect for North Korea, according to analysts. To gauge lessons for its own future, North Korea has long studied communist governments such
North Korea may choose to follow Vietnam’s economic model as it looks to open up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: nyshka chandran, kcna, -bradley babson, korea economic institute of america
Keywords: news, cnbc, companies, economic, kim, korea, vietnams, follow, open, economy, korean, choose, minister, hanoi, foreign, pyongyang, model, north, looks

North Korea may choose to follow Vietnam's economic model as it looks to open up

As North Korea signals a willingness to open up its highly centralized, socialist economy, Vietnam’s model of development is being widely suggested as a blueprint for Pyongyang to emulate.

Hanoi’s ability to retain one-party rule, strict censorship, minimal dissent and a top-down system of control after integrating into the global economy is an attractive prospect for North Korea, according to analysts. If Pyongyang were to ever transition into a market economy, it will likely continue to prioritize regime stability — loosening restrictions on areas such as currency and migration could be politically destabilizing for Kim Jong Un’s rule.

To gauge lessons for its own future, North Korea has long studied communist governments such as China and Vietnam, countries with state-managed growth that have integrated into the world economy. As Hanoi prepares to host the second U.S.-North Korea summit in late February, experts believe Kim may be more inclined toward Vietnamese-style liberalization.

Vietnam’s Foreign Minister Pham Binh Minh traveled to Pyongyang on Tuesday following North Korean Foreign Minister Ri Yong Ho’s visit to Hanoi last year. That trip was reportedly aimed at studying Vietnam’s reforms, according to Yonhap News Agency. Such visits hark back to earlier years such as 2012, when a North Korean delegation visited the Vietnamese province of Thai Binh to examine rural development.

Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: nyshka chandran, kcna, -bradley babson, korea economic institute of america
Keywords: news, cnbc, companies, economic, kim, korea, vietnams, follow, open, economy, korean, choose, minister, hanoi, foreign, pyongyang, model, north, looks

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Summit with Kim Jong Un will be held in Hanoi, Trump says

U.S. President Donald Trump said on Friday that U.S. diplomats had a “very productive meeting” with North Korean officials, and he announced his summit later this month with North Korean leader Kim Jong Un would be held in Vietnam’s capital, Hanoi. “My representatives have just left North Korea after a very productive meeting and an agreed upon time and date for the second Summit with Kim Jong Un. Earlier this week, Trump announced the dates for the second summit with Kim and said it would be he

U.S. President Donald Trump said on Friday that U.S. diplomats had a “very productive meeting” with North Korean officials, and he announced his summit later this month with North Korean leader Kim Jong Un would be held in Vietnam’s capital, Hanoi. “My representatives have just left North Korea after a very productive meeting and an agreed upon time and date for the second Summit with Kim Jong Un. Earlier this week, Trump announced the dates for the second summit with Kim and said it would be he
Summit with Kim Jong Un will be held in Hanoi, Trump says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-09  Authors: chung sung-jun, getty images
Keywords: news, cnbc, companies, korea, hanoi, summit, jong, north, korean, second, pyongyang, singapore, trump, talks, held, kim

Summit with Kim Jong Un will be held in Hanoi, Trump says

U.S. President Donald Trump said on Friday that U.S. diplomats had a “very productive meeting” with North Korean officials, and he announced his summit later this month with North Korean leader Kim Jong Un would be held in Vietnam’s capital, Hanoi.

“My representatives have just left North Korea after a very productive meeting and an agreed upon time and date for the second Summit with Kim Jong Un. It will take place in Hanoi, Vietnam, on February 27 & 28,” Trump said on Twitter.

“I look forward to seeing Chairman Kim & advancing the cause of peace!” he said.

Earlier this week, Trump announced the dates for the second summit with Kim and said it would be held in Vietnam, but the city had not been disclosed.

Stephen Biegun, the U.S. special representative for North Korea, held three days of talks in Pyongyang to prepare for the summit, the State Department said on Friday.

It said Biegun had agreed with his counterpart Kim Hyok Chol to meet again ahead of the summit.

In their talks in Pyongyang, from Wednesday to Friday, Biegun and Kim Hyok Chol “discussed advancing President Trump and Chairman Kim’s Singapore summit commitments of complete denuclearization, transforming U.S.-DPRK relations, and building a lasting peace on the Korean Peninsula,” the State Department said.

Its statement, which referred to North Korea by the acronym for its official name, the Democratic People’s Republic of Korea, gave no indication of any progress in the talks.

Just weeks ahead of the planned summit to follow on from an unprecedented first meeting between the leaders in Singapore last June, the two sides have appeared far from narrowing differences over U.S. demands for North Korea to give up a nuclear weapons program that threatens the United States.

Biegun said last week his Pyongyang talks would be aimed at seeking progress on commitments made in Singapore and mapping out “a set of concrete deliverables” for the second summit.

He said Washington was willing to discuss “many actions” to improve ties and entice Pyongyang to give up its nuclear weapons and that Trump was ready to end the 1950-53 Korean War, which concluded with an armistice, not a peace treaty.

Company: cnbc, Activity: cnbc, Date: 2019-02-09  Authors: chung sung-jun, getty images
Keywords: news, cnbc, companies, korea, hanoi, summit, jong, north, korean, second, pyongyang, singapore, trump, talks, held, kim

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Second US-North Korea summit: What to expect

U.S. President Donald Trump is going to have to offer North Korea’s Kim Jong Un more concessions at their upcoming summit if he wants the reclusive state to make any real progress on denuclearization, political strategists say. The two leaders are due to meet in Vietnam at the end of February in what will be their second meeting in under a year. While Trump takes credit for averting war with Pyongyang, the country has yet to take concrete steps toward eliminating its weapons arsenal. In fact, nu

U.S. President Donald Trump is going to have to offer North Korea’s Kim Jong Un more concessions at their upcoming summit if he wants the reclusive state to make any real progress on denuclearization, political strategists say. The two leaders are due to meet in Vietnam at the end of February in what will be their second meeting in under a year. While Trump takes credit for averting war with Pyongyang, the country has yet to take concrete steps toward eliminating its weapons arsenal. In fact, nu
Second US-North Korea summit: What to expect Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: nyshka chandran, kcna
Keywords: news, cnbc, companies, north, program, weapons, sites, offer, pyongyang, second, expect, trump, summit, korea, wants, nuclear, usnorth, missile

Second US-North Korea summit: What to expect

U.S. President Donald Trump is going to have to offer North Korea’s Kim Jong Un more concessions at their upcoming summit if he wants the reclusive state to make any real progress on denuclearization, political strategists say.

The two leaders are due to meet in Vietnam at the end of February in what will be their second meeting in under a year. Since their first face-to-face sit-down last June in Singapore, fears of a full-blown crisis on the Korean Peninsula have eased as Pyongyang makes goodwill gestures such as closing its Tongchang-ri and Punggye-ri missile sites — areas that aren’t critical to the current nuclear program — as well as returning U.S. hostages.

While Trump takes credit for averting war with Pyongyang, the country has yet to take concrete steps toward eliminating its weapons arsenal. In fact, numerous reports indicate that Kim’s administration continues to advance its nuclear and ballistic missile program through ongoing production of rockets, warheads and fissile material.

Washington wants the North to provide full details of its weapons and missile program, including the size and locations of storage sites, as well as international access, Stephen Biegun, the U.S. Special Representative for North Korea, said in a speech last week. Kim, however, has made clear that he will only negotiate on a phased framework that requires Washington to offer concessions in sequence with and in proportion to whatever Pyongyang does.

Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: nyshka chandran, kcna
Keywords: news, cnbc, companies, north, program, weapons, sites, offer, pyongyang, second, expect, trump, summit, korea, wants, nuclear, usnorth, missile

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North Korea’s Kim appears to have a big goal: Winning Belt and Road investments from Beijing

There was ‘frustration’ in Kim Jong Un’s message: Expert 4:50 AM ET Wed, 2 Jan 2019 | 03:00But to do so, Pyongyang needs help from its rich neighbors. The nuclear-armed nation is seeking more than $7.7 million in investment, the Seoul-based online newspaper NK News reported last month, citing information from a website run by North Korea’s foreign trade ministry. Xi’s Belt and Road project offers the perfect answer to those needs. Pyongyang “would love to be part of Belt and Road,” Dane Chamorro

There was ‘frustration’ in Kim Jong Un’s message: Expert 4:50 AM ET Wed, 2 Jan 2019 | 03:00But to do so, Pyongyang needs help from its rich neighbors. The nuclear-armed nation is seeking more than $7.7 million in investment, the Seoul-based online newspaper NK News reported last month, citing information from a website run by North Korea’s foreign trade ministry. Xi’s Belt and Road project offers the perfect answer to those needs. Pyongyang “would love to be part of Belt and Road,” Dane Chamorro
North Korea’s Kim appears to have a big goal: Winning Belt and Road investments from Beijing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: nyshka chandran, kcna, -mintaro oba, former us state department official
Keywords: news, cnbc, companies, investments, north, winning, koreas, worth, website, pyongyang, goal, pyongyangs, chamorro, needs, big, kim, road, beijing, belt

North Korea's Kim appears to have a big goal: Winning Belt and Road investments from Beijing

There was ‘frustration’ in Kim Jong Un’s message: Expert 4:50 AM ET Wed, 2 Jan 2019 | 03:00

But to do so, Pyongyang needs help from its rich neighbors. The nuclear-armed nation is seeking more than $7.7 million in investment, the Seoul-based online newspaper NK News reported last month, citing information from a website run by North Korea’s foreign trade ministry.

Xi’s Belt and Road project offers the perfect answer to those needs. China has historically been Pyongyang’s largest trading partner.

Pyongyang “would love to be part of Belt and Road,” Dane Chamorro, a senior partner in the Asia Pacific division of Control Risks, a consulting firm specializing in politics told CNBC on Friday. Kim’s government is waiting for an invitation so his country can get assistance on the construction of railway links and ports and other facilities, Chamorro said.

Beijing also seems keen on Pyongyang’s inclusion, with the Chinese government inviting a North Korean delegation to attend a Belt and Road summit in 2017 — but it’s unlikely to take any action for now.

Including Pyongyang in the BRI is “probably more trouble than it’s worth” at the present moment, said Mintaro Oba, a former U.S. State Department official who specialized in the Koreas during the administration of former President Barack Obama.

For one, sanctions still remain in place. Beijing, however, has called for those penalties to be eased.

Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: nyshka chandran, kcna, -mintaro oba, former us state department official
Keywords: news, cnbc, companies, investments, north, winning, koreas, worth, website, pyongyang, goal, pyongyangs, chamorro, needs, big, kim, road, beijing, belt

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Pompeo tells Seoul nuclear progress must not lag improving Korea ties

The United States has told its ally South Korea it should not improve ties with North Korea faster than Pyongyang takes steps to give up its nuclear weapons, U.S. Secretary of State Mike Pompeo said on Tuesday. Speaking as a working group with South Korea to coordinate North Korean policy held an inaugural meeting in Washington, Pompeo indicated that Washington had been concerned that Seoul had moved too quickly with Pyongyang. The working group is headed by South Korea’s special representative

The United States has told its ally South Korea it should not improve ties with North Korea faster than Pyongyang takes steps to give up its nuclear weapons, U.S. Secretary of State Mike Pompeo said on Tuesday. Speaking as a working group with South Korea to coordinate North Korean policy held an inaugural meeting in Washington, Pompeo indicated that Washington had been concerned that Seoul had moved too quickly with Pyongyang. The working group is headed by South Korea’s special representative
Pompeo tells Seoul nuclear progress must not lag improving Korea ties Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: mark wilson, getty images news, getty images
Keywords: news, cnbc, companies, tells, pyongyang, ties, korean, north, lag, pompeo, korea, progress, koreas, working, nuclear, improving, peninsula, south, washington, seoul

Pompeo tells Seoul nuclear progress must not lag improving Korea ties

The United States has told its ally South Korea it should not improve ties with North Korea faster than Pyongyang takes steps to give up its nuclear weapons, U.S. Secretary of State Mike Pompeo said on Tuesday.

Speaking as a working group with South Korea to coordinate North Korean policy held an inaugural meeting in Washington, Pompeo indicated that Washington had been concerned that Seoul had moved too quickly with Pyongyang.

“We have made clear to the Republic of Korea that we do want to make sure that peace on the peninsula and the denuclearization of North Korea aren’t lagging behind the increase in the amount of inter-relationship between the two Koreas,” he told a news briefing.

“We view them as tandem, as moving forward together,” Pompeo added. “We view them as important parallel processes, and that working group is designed to make sure they continue to remain that way.”

The working group is headed by South Korea’s special representative for Korean Peninsula peace and security affairs, Lee Do-hoon, and Stephen Biegun, the U.S. special representative for North Korea.

Pompeo said he believed there was “complete agreement” on how to proceed.

South Korea’s Yonhap news agency quoted a statement from Seoul’s Foreign Ministry as saying the two sides in the meeting agreed to continue close coordination and cooperation on an “increasingly systemic and regular basis.”

Last month, in a rare sign of discord between Seoul and Washington, South Korean Foreign Minister Kang Kyung-wha said Pompeo had expressed “discontent” at an inter-Korean military pact reached during a summit in September.

The Koreas also agreed in October to begin reconnecting rail and road links despite U.S. concerns that the rapid North-South thaw could undermine efforts to press Pyongyang to give up its nuclear weapons.

At an unprecedented summit in June, U.S. President Donald Trump and North Korean leader Kim Jong Un agreed to work toward denuclearization and peace on the Korean peninsula and establish new relations.

But negotiations have since made little headway, with Pyongyang upset by Washington’s insistence that international sanctions must remain until it gives up its nuclear weapons.

Last week, South Korean Unification Minister Cho Myoung-gyon said in Washington it was important to provide North Korea with motivation to denuclearize but that sanctions would stay in place “until we see actual progress on denuclearization.”

Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: mark wilson, getty images news, getty images
Keywords: news, cnbc, companies, tells, pyongyang, ties, korean, north, lag, pompeo, korea, progress, koreas, working, nuclear, improving, peninsula, south, washington, seoul

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North Korea reportedly invites the Pope to Pyongyang

North Korean leader Kim Jong Un has invited Pope Francis to visit Pyongyang, according to the South Korean Yonhap news agency. The South Korean presidential office made the announcement Tuesday during a press briefing on President Moon Jae-in’s visit to Europe next week. His trip will include a visit to the Vatican on October 17 and 18, Yonhap reported. “Chairman Kim said he will ‘ardently welcome the Pope if he visits Pyongyang’,” said Kim Eui-kyeom, a spokesperson for the presidential office s

North Korean leader Kim Jong Un has invited Pope Francis to visit Pyongyang, according to the South Korean Yonhap news agency. The South Korean presidential office made the announcement Tuesday during a press briefing on President Moon Jae-in’s visit to Europe next week. His trip will include a visit to the Vatican on October 17 and 18, Yonhap reported. “Chairman Kim said he will ‘ardently welcome the Pope if he visits Pyongyang’,” said Kim Eui-kyeom, a spokesperson for the presidential office s
North Korea reportedly invites the Pope to Pyongyang Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-09  Authors: chloe taylor, kcna
Keywords: news, cnbc, companies, north, yonhap, pope, office, korea, pyongyang, korean, kim, invites, visit, reportedly, presidential, south

North Korea reportedly invites the Pope to Pyongyang

North Korean leader Kim Jong Un has invited Pope Francis to visit Pyongyang, according to the South Korean Yonhap news agency.

The South Korean presidential office made the announcement Tuesday during a press briefing on President Moon Jae-in’s visit to Europe next week. His trip will include a visit to the Vatican on October 17 and 18, Yonhap reported.

“Chairman Kim said he will ‘ardently welcome the Pope if he visits Pyongyang’,” said Kim Eui-kyeom, a spokesperson for the presidential office said.

Yonhap reported that Moon will deliver the message from the North Korean leader when he meets with the Pope. Read the full report here.

Company: cnbc, Activity: cnbc, Date: 2018-10-09  Authors: chloe taylor, kcna
Keywords: news, cnbc, companies, north, yonhap, pope, office, korea, pyongyang, korean, kim, invites, visit, reportedly, presidential, south

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Pompeo in Tokyo for talks ahead of Pyongyang visit

U.S. Secretary of State Mike Pompeo arrived in Tokyo on Saturday for talks with Prime Minister Shinzo Abe and other officials ahead of his fourth visit to North Korea for denuclearization talks with its leader Kim Jong Un. Despite Kim’s pledge to denuclearize the Korean peninsula, Japan, Washington’s key ally in Asia, still considers North Korea to be a “dire threat,” and is pushing ahead with plans to bolster its ballistic missile defenses with Aegis Ashore batteries that can target warheads in

U.S. Secretary of State Mike Pompeo arrived in Tokyo on Saturday for talks with Prime Minister Shinzo Abe and other officials ahead of his fourth visit to North Korea for denuclearization talks with its leader Kim Jong Un. Despite Kim’s pledge to denuclearize the Korean peninsula, Japan, Washington’s key ally in Asia, still considers North Korea to be a “dire threat,” and is pushing ahead with plans to bolster its ballistic missile defenses with Aegis Ashore batteries that can target warheads in
Pompeo in Tokyo for talks ahead of Pyongyang visit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-06  Authors: aaron p bernstein
Keywords: news, cnbc, companies, pyongyang, tokyo, ahead, korea, visit, kim, general, north, talks, pompeo

Pompeo in Tokyo for talks ahead of Pyongyang visit

U.S. Secretary of State Mike Pompeo arrived in Tokyo on Saturday for talks with Prime Minister Shinzo Abe and other officials ahead of his fourth visit to North Korea for denuclearization talks with its leader Kim Jong Un.

Despite Kim’s pledge to denuclearize the Korean peninsula, Japan, Washington’s key ally in Asia, still considers North Korea to be a “dire threat,” and is pushing ahead with plans to bolster its ballistic missile defenses with Aegis Ashore batteries that can target warheads in space.

Speaking to a pool reporter en route to Tokyo, Pompeo said his aim in Pyongyang was “to make sure we understand what each side is truly trying to achieve.” He also said he hoped to be able to agree a “general date and location” for a second summit between U.S. President Donald Trump and Kim following their first meeting in Singapore in June.

Pompeo’s last visit to North Korea failed to make progress with Pyongyang denouncing him for making “gangster-like demands.”

Recently, he angered North Korea by insisting that international sanctions must remain in place until it gives up its nuclear weapons. On Wednesday, he said there was unanimous support for this at last week’s U.N. General Assembly, even if Russia and China “had some ideas about how we might begin to think about a time when it would be appropriate to reduce them.”

Company: cnbc, Activity: cnbc, Date: 2018-10-06  Authors: aaron p bernstein
Keywords: news, cnbc, companies, pyongyang, tokyo, ahead, korea, visit, kim, general, north, talks, pompeo

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South Korea’s economy is slowing. Its leader still wants to spend millions on Pyongyang

As South Korea’s economy stumbles, the government is looking to spend hundreds of millions on economic and cultural projects with its northern neighbor. Those commitments were first mentioned in a declaration signed by Moon and North Korean leader Kim Jong Un back in April. The multimillion-dollar proposals come as some grow increasingly concerned about South Korea’s slowing economy. South Korea’s full-year gross domestic product is seen at 2.9 percent this year, compared to 3.1 percent last yea

As South Korea’s economy stumbles, the government is looking to spend hundreds of millions on economic and cultural projects with its northern neighbor. Those commitments were first mentioned in a declaration signed by Moon and North Korean leader Kim Jong Un back in April. The multimillion-dollar proposals come as some grow increasingly concerned about South Korea’s slowing economy. South Korea’s full-year gross domestic product is seen at 2.9 percent this year, compared to 3.1 percent last yea
South Korea’s economy is slowing. Its leader still wants to spend millions on Pyongyang Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-04  Authors: nyshka chandran, pyeongyang press corps
Keywords: news, cnbc, companies, north, leader, office, seen, economy, pyongyang, korea, wants, moon, spending, south, survey, koreas, millions, slowing, spend

South Korea's economy is slowing. Its leader still wants to spend millions on Pyongyang

As South Korea’s economy stumbles, the government is looking to spend hundreds of millions on economic and cultural projects with its northern neighbor. The initiatives are seen as long-term investments to peace, but they threaten to inflate Seoul’s debt load and may become a burden if inter-Korea relations hit a road-bump, experts warned.

In a September bill to parliament, South Korean President Moon Jae-in’s government proposed spending $419 million for various North Korea-related ventures that include family reunions, a joint liaison office as well as sporting exchanges. Those commitments were first mentioned in a declaration signed by Moon and North Korean leader Kim Jong Un back in April.

The $419 million figure refers only to 2019 expenditures, and opposition politicians have accused the government of deliberately concealing long-term costs for fear of public backlash. That’s led to a delay in ratifying the bill.

The multimillion-dollar proposals come as some grow increasingly concerned about South Korea’s slowing economy. While the majority of South Koreans say they want peace with Pyongyang, many believe the domestic state of affairs should be a priority for public funds, especially at a time of weak growth.

South Korea’s full-year gross domestic product is seen at 2.9 percent this year, compared to 3.1 percent last year. Meanwhile, the pace of job creation hit its weakest level in nine years after Moon raised minimum wages and cut working hours — moves that have made it difficult for small and medium-sized enterprises to hire new workers.

Public discontent with the economy actually pushed Moon’s approval rating to 49 percent, the lowest level since he entered office last May, according to a Gallup Korea survey on Sept. 7. The leader’s rating ticked up to 50 percent, however, in Gallup’s following survey a week later.

“Regardless of diplomacy, spending tens of billions of dollars in North Korea at a time when many South Koreans are unhappy with their own economy could be tough to sell politically,” said Kyle Ferrier, director of academic affairs and research at the Korea Economic Institute of America.

The Blue House, the office of South Korea’s president, didn’t respond to CNBC’s request for comment.

Company: cnbc, Activity: cnbc, Date: 2018-10-04  Authors: nyshka chandran, pyeongyang press corps
Keywords: news, cnbc, companies, north, leader, office, seen, economy, pyongyang, korea, wants, moon, spending, south, survey, koreas, millions, slowing, spend

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North Korea says nuclear disarmament won’t come unless it can trust US

North Korean Foreign Minister Ri Yong Ho says his nation will never disarm its nuclear weapons first if it can’t trust Washington. He called on the United States to follow through on promises made during a summit in Singapore between the rivals’ leaders. Secretary of State Mike Pompeo seems to be on the verge of restarting deadlocked nuclear diplomacy more than three months after the Singapore with North Korea’s Kim Jong Un. Washington is wary of agreeing to the declaration without Pyongyang fir

North Korean Foreign Minister Ri Yong Ho says his nation will never disarm its nuclear weapons first if it can’t trust Washington. He called on the United States to follow through on promises made during a summit in Singapore between the rivals’ leaders. Secretary of State Mike Pompeo seems to be on the verge of restarting deadlocked nuclear diplomacy more than three months after the Singapore with North Korea’s Kim Jong Un. Washington is wary of agreeing to the declaration without Pyongyang fir
North Korea says nuclear disarmament won’t come unless it can trust US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-29  Authors: andrew harnik, afp, getty images
Keywords: news, cnbc, companies, korea, second, summit, disarmament, nuclear, wont, unless, come, declaration, kim, pyongyang, singapore, trust, north, united, korean

North Korea says nuclear disarmament won't come unless it can trust US

North Korean Foreign Minister Ri Yong Ho says his nation will never disarm its nuclear weapons first if it can’t trust Washington.

Ri was speaking Saturday at the United Nations General Assembly. He called on the United States to follow through on promises made during a summit in Singapore between the rivals’ leaders.

His comments come as US. Secretary of State Mike Pompeo seems to be on the verge of restarting deadlocked nuclear diplomacy more than three months after the Singapore with North Korea’s Kim Jong Un.

Ri says it’s a “pipe dream” that continued sanctions and U.S. objection to a declaration ending the Korean War will ever bring the North to its knees.

Washington is wary of agreeing to the declaration without Pyongyang first making significant disarmament moves.

Both Kim and U.S. President Donald Trump want a second summit. But there is widespread skepticism that Pyongyang is serious about renouncing an arsenal that the country likely sees as the only way to guarantee its safety.

Pompeo is planning to visit Pyongyang next month to prepare for a second Kim-Trump summit.

Company: cnbc, Activity: cnbc, Date: 2018-09-29  Authors: andrew harnik, afp, getty images
Keywords: news, cnbc, companies, korea, second, summit, disarmament, nuclear, wont, unless, come, declaration, kim, pyongyang, singapore, trust, north, united, korean

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Korea summit: No real progress on denuclearization

The third round of bilateral talks between South Korean President Moon Jae-in and North Korean leader Kim Jong Un officially concluded Thursday but many believe it failed to make any breakthroughs on freeing the peninsula of nuclear weapons. The burden is now on Washington to negotiate more concessions from the reclusive state, experts say. Moon and Kim this week signed the September Pyongyang Joint Declaration, in which the isolated country promised a shut down of the missile-engine testing fac

The third round of bilateral talks between South Korean President Moon Jae-in and North Korean leader Kim Jong Un officially concluded Thursday but many believe it failed to make any breakthroughs on freeing the peninsula of nuclear weapons. The burden is now on Washington to negotiate more concessions from the reclusive state, experts say. Moon and Kim this week signed the September Pyongyang Joint Declaration, in which the isolated country promised a shut down of the missile-engine testing fac
Korea summit: No real progress on denuclearization Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-21  Authors: nyshka chandran, pyeongyang press corps
Keywords: news, cnbc, companies, real, moon, korea, trump, signed, pyongyang, president, progress, north, denuclearization, summit, kim, korean, washington, nuclear

Korea summit: No real progress on denuclearization

The third round of bilateral talks between South Korean President Moon Jae-in and North Korean leader Kim Jong Un officially concluded Thursday but many believe it failed to make any breakthroughs on freeing the peninsula of nuclear weapons.

The burden is now on Washington to negotiate more concessions from the reclusive state, experts say.

Moon and Kim this week signed the September Pyongyang Joint Declaration, in which the isolated country promised a shut down of the missile-engine testing facility and launchpad at Tongchang-ri, in the west coast of North Korea. Pyongyang also said it was willing to permanently close the Yongbyon nuclear site — where the country produced plutonium used in its first atomic weapons test — if the United States took reciprocal action.

The signed accord is rife with ambiguities, analysts at the Center for Strategic and International Studies (CSIS) said in a note. “Experts in the Trump administration will likely be unimpressed by the specifics announced in Pyongyang, which means the hard work remains for the U.S. negotiators,” they said.

A closer look at the agreement shows “there’s really not a lot there,” echoed Sean King, senior vice president of Park Strategies, a business advisory firm. “I’m a little concerned as to where we go from here,” he said.

However, the declaration was a positive for Pyongyang’s relations with the international community, especially with Washington, which will likely use the latest momentum to set up a second meeting between Kim and President Donald Trump. The Moon government also obtained an agreement to ease the process of family reunions and start construction on road projects connecting the two Koreas by year-end. Kim said he will visit Seoul soon, which would be the first time a North Korean leader visits the South’s capital.

Company: cnbc, Activity: cnbc, Date: 2018-09-21  Authors: nyshka chandran, pyeongyang press corps
Keywords: news, cnbc, companies, real, moon, korea, trump, signed, pyongyang, president, progress, north, denuclearization, summit, kim, korean, washington, nuclear

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