U.N. panel lists 5 N. Koreans, 5 more entities as subject to sanctions
A U.N. sanctions committee Thursday effectively struck a deal over additional punitive steps on Pyongyang for its nuclear test in May, including a travel ban on five North Koreans and asset freezes on five more entities, U.N. diplomatic sources said. The Security Council committee worked out a list of entities and individuals subject to new U.N. sanctions in line with the council’s Resolution 1874, adopted on June 12 following North Korea’s second nuclear test in late May.
S Korea Delays Rocket Launch For Third Time (redOrbit)
The launch of South Korea s first space rocket intended for July 30 is likely to be postponed to add more time for testing, according to a spokesman for the Korea Aerospace Research Institute.Spokesman Kim Hong-Gab told AFP on Friday that the launch would be delayed beyond the intended date due to demands from Russian partners for further testing.The announcement marks the third time South Korea …
South Korea Pension Fund to Boost Overseas Assets (Update2) (Bloomberg)
July 17 (Bloomberg) — South Korea s state pension fund, the nation s biggest investor, plans to double its international assets within the next six years by investing in the so-called BRIC nations and other Asian countries.
U.S. Asks North Korea To Return To Six-nation Talks (INO News)
(RTTNews) – The United States repeated its call to North Korea to return to six-nation nuclear talks, aimed at ending the latter’s controversial nuclear programs.
South Korea Plans to Spend $100 Million on Asian Water Projects (Bloomberg)
July 17 (Bloomberg) — South Korea, Asia s fourth-largest economy, plans to invest about $100 million by 2012 to help Asian developing countries cope with water shortages and floods.
North Korea Officials Sanctioned by UN for Travel, Nuke Program (Bloomberg)
July 17 (Bloomberg) — The United Nations Security Council barred five North Korean officials from leaving their country and ordered their foreign assets frozen as punishment for working on nuclear weapons and missiles.
NKorea faces worst crisis since 1994: think tank (AFP via Yahoo! News)
North Korea faces its worst crisis in 15 years due to international tensions over its nuclear weapons and uncertainty about the health of leader Kim Jong-Il, a South Korean think tank said.
Five dead as heavy rains fall over South Korea (Gulf Times)
At least five people have died in landslides, a drowning and an electrocution as hundreds were left homeless after heavy rains fell on South Korea, its disaster management agency said yesterday.
‘Ambassador at large’ to represent N. Korea at regional security talks
North Korea has named Pak Kun Gwangi as an ”ambassador at large” to represent the country at an annual regional security meeting to be held at the Thai resort island of Phuket next week on behalf of its foreign minister, senior Thai officials said Friday. Earlier this week, Vithavas Srivihok, head of Thailand’s ASEAN Affairs Department, said he still hopes Pyongyang will eventually send a ministerial delegation to Phuket and Thai Foreign Minister Kasit Piromya will try to persuade his North Korean counterpart to attend the ASEAN Regional Forum in Phuket.
