Chinese banks reportedly freeze North Korean accounts

Feb 22, 2016

Chinese banks reportedly freeze North Korean accounts

Chinese banks including a branch of China’s biggest bank Industrial and Commercial Bank of China (ICBC) have frozen accounts belonging to North Koreans, a South Korean newspaper reported Monday. Citing phone conversations with an unnamed employee of ICBC’s office in the northeastern Chinese border ...

Feb 17, 2016

Why cracking down on Pyongyang is difficult

Repeatedly over the past six weeks, since the morning North Korea surprised the world with its fourth nuclear test, the United States, South Korea, Japan and their allies have vowed to get tough on Pyongyang. “Reckless and dangerous,” U.S. Secretary of State John Kerry ...

South Korean leader Park says time to play hardball with North

Feb 16, 2016

South Korean leader Park says time to play hardball with North

South Korea’s president warned Tuesday that rival North Korea faces collapse if it doesn’t abandon its nuclear bomb program, an unusually strong broadside that will likely infuriate Pyongyang. President Park Geun-hye, in a nationally televised parliamentary address defending her decision to shut down a ...

North Korea's Kim orders more rocket launches

Feb 15, 2016

North Korea's Kim orders more rocket launches

North Korean leader Kim Jong Un has praised scientists involved in the country’s recent rocket launch that he said struck a “telling blow” to enemies and ordered them to press ahead with more launches, state media reported on Monday. Earlier this month, North Korea ...

Feb 15, 2016

Top South Korean lawmaker calls for nuclear arms

A top ruling party official called Monday for South Korea to develop its own nuclear deterrent to combat the growing nuclear and missile threat from North Korea. Support for a nuclear-armed South Korea is a minority voice in the country, but one that grows ...

Feb 14, 2016

Pyongyang took 70% of Kaesong workers' wages, Seoul says

South Korea on Sunday defended its decision to pull out abruptly from an inter-Korean industrial zone, claiming 70 percent of wages for North Korean workers were for years used to fund Pyongyang’s nuclear and missile development. Seoul on Wednesday announced it would withdraw from ...

North Korean mobile ballistic missile called top threat by U.S.

Feb 13, 2016

North Korean mobile ballistic missile called top threat by U.S.

North Korea continues to develop a mobile intercontinental ballistic missile that “would likely be capable of reaching much of the continental United States,” the Pentagon said in a new report to Congress on the secretive regime’s military capabilities. The KN-08 missile would have an ...