Korea s National Pension Names Ex-Regulator as Head (Update2) (Bloomberg)
Dec. 2 (Bloomberg) — South Korea s National Pension Service , the country s biggest investor, named the former head of the financial regulator as its president to broaden its investments and improve the fund s risk management.
N. Korea revalues currency to fight inflation (The Washington Times)
SEOUL | North Korea sharply raised the value of its currency Tuesday by issuing new notes absent some of the zeroes in a move apparently aimed at curbing inflation and black-market trading. The change forces North Koreans to exchange 1,000-won notes with a new 10-won bill this week, according to North Korea specialists in Seoul and media reports. The currency revaluation was announced at 11 a.m …
N. Korea revalues currency: Yonhap
North Korea has revalued its currency, Yonhap news agency reported Tuesday, quoting sources close to North Korean traders in China. The old currency started being exchanged for a new one Monday afternoon, Yonhap said.
S. Korea: Pyongyang after more nukes (Press TV)
South Korea describes the North’s call for a peace treaty with the United States as a ploy aimed to buy Pyongyang time to produce more nuclear weapons.
N. Korea revalues currency for 1st time in 17 years: reports
North Korea has revalued its currency for the first time in 17 years, according to reports. China’s official Xinhua News Agency reported from Pyongyang that the North Korean Foreign Ministry notified foreign embassies in the capital of the matter on Tuesday.
N Korea ‘wants to buy time’ (News 24 South Africa)
South Korea has questioned North Korea’s calls for a peace treaty with the US, declaring its real aim is to buy time to make more nuclear weapons.
Activists protest S.Korea’s HIV testing for foreign workers (AFP via Yahoo! News)
Activists Tuesday filed a petition with South Korea’s human rights watchdog, seeking an end to mandatory HIV tests for some foreign workers.
North Korea revalues currency, destroying personal savings (Washington Post)
TOKYO — Chaos reportedly erupted in North Korea on Tuesday after the government of Kim Jong Il revalued the country’s currency, sharply restricting the amount of old bills that could be traded for new and wiping out personal savings.
S.Korea in dilemma over gas emissions cut: minister (AFP via Yahoo! News)
South Korea is caught in a dilemma between its promise to drastically cut greenhouse gas emissions and mounting concerns that the move will only benefit business rival China, a minister said Tuesday.
N. Korea’s first designer jeans on sale in Sweden (Reuters via Yahoo! News)
Designer jeans labeled “Made in North Korea” will go on sale this Friday at a trendy department store in the Swedish capital, marking a first foray into Western fashion for the reclusive communist state.
S.Korea offers to help develop Nigeria’s oil delta (AlertNet)
Source: Reuters By Randy Fabi ABUJA, Dec 2 (Reuters) – South Korea has offered to help build new towns and develop infrastructure in Nigeria’s oil-producing Niger Delta, the West African country’s presidency said …
South Korea: Navy Rescues a North Korean Soldier at Sea (New York Times)
The South Korean Navy rescued a North Korean soldier found in the waters off the west coast, and the authorities were questioning him about whether he had been spying, an official said Monday.
