N. Korea eyes strengthening currency order via redenomination
North Korea’s redenomination of its currency, the won, was partly aimed at strengthening currency order in the country, the Choson Sinbo reported Friday, quoting a central bank official. ”This currency exchange is aimed at first raising the value of our currency to smoothen its circulation,” Jo Song Hyon of the Central Bank of Korea was quoted as saying.
U.S. envoy in South Korea; Pyongyang nuclear talks next (Reuters via Yahoo! Philippines News)
By Jon Herskovitz
U.S. envoy in South Korea; Pyongyang nuclear talks next (Reuters via Yahoo! News)
The U.S. envoy for North Korea arrived in the South on Sunday ahead of a visit to Pyongyang aimed at convincing the communist state to end its boycott of wider nuclear disarmament talks.
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 trade dependency hits 40% (Asia News Network)
The North Korean economy’s dependency on international trade is nearing 40 per cent, a think tank reported Sunday (December 6).According to the Korea Development Institute’s report on North Korea’s ec …..
US envoy in Seoul on N. Korea nuclear mission (AFP via Yahoo! News)
The US special envoy on North Korea arrived in Seoul on Sunday before heading to Pyongyang on a mission to try to persuade the communist regime to return to stalled nuclear disarmament talks.
South Korea lures foreign investors with merger deals (MalaysiaNews.net)
SEOUL: South Korea plans to step up efforts to invite foreign investors by promoting merger deals and easing regulations, the government said yesterday. The government said it would actively induce so…
N. Korea redenominates currency for 1st time in 17 years
North Korea has redenominated its currency, the won, for the first time in 17 years, with the exchange rate between the old and new bills at 100 to 1, diplomatic sources and news reports said Tuesday. The North Korean Foreign Ministry notified foreign diplomats based in Pyongyang of the matter at a meeting Tuesday morning. But the ministry did not explain the reason for the step, the sources said.
South Korea to Ban Single-Hulled Tankers From 2011 (Update1) (Bloomberg)
Dec. 6 (Bloomberg) — South Korea, Asia s fourth-largest crude importer, plans to ban single-hulled oil tankers from entering its waters from 2011, bringing the country into line with a global drive against a ship design blamed for oil spills.
