Still in the nascent stage of planning, a Northeast Asia Development Bank would serve as a multilateral development bank (MDB) to attract investment in Northeast Asia, specifically intending to incentivize the DPRK to denuclearize through access to external capital for development.
Although hardly a new phenomenon, a number of native religious movements both large and small have attracted scores of devout Korean followers, intermingled with political causes, and in some cases have notoriously landed in news headlines.
After the month of August featured shooting, shouting, and a negotiated joint statement, September mainly focused on laying the groundwork necessary to implement the August 25 agreement or to scuttle it.
The possibility of an increase of the federal funds rate for the first time since June 2006 has garnered much public attention, with policy heavyweights weighing in for and against a rate rise. At the core of concerns for the global economy is the prospect of capital flight from emerging markets to the U.S., as investors could receive higher yields with less risk.
In the aftermath of the recent tensions on the Korean peninsula some commentators have contended that South Korea is spinning the idea that North Korea apologized for maiming two South Korea soldiers when it didn’t directly claim responsibility for the act but merely expressed regret.
No one apart from the representatives of the North Korean and South Korean governments who took part in the marathon talks over the weekend of August 22 can know exactly what took place. But there is some inevitable spin regarding who came away the “winner.”
With the announcement of a deal shortly after midnight on August 25 the most recent inter-Korean crisis averted a military conflict on the Korean peninsula…With the crisis now coming to a close, what can we learn from the crises that Kim Jong-un has precipitated and the deals he’s made?
The broadcasts avoid criticizing the North Korean government directly – instead, the key point has been “subtlety.” So, hidden among news reports and information about Kim Jong Un’s health conditions, the broadcasts contained some unusual content – pop music.
After the first meeting between North and South in 1972, the North Korean delegation already noted a marked change in the Korean language that both sides spoke, changes that have made a marked difference in each dialect that goes beyond regional differences.
While Kim Jong-un may be ill for now, each day he is not seen increases the possibility that he is being sidelined.