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  • September 21, 2014
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  1. News - Asia - KOREAN PENINSULA

    North Korean officials stash foreign currencies at home, defectors say

    Posted Aug 29th 2012, 12:00am by Andrew Salmon

    ... Andrew Salmon in Seoul North Korean officials routinely stash large amounts of foreign currencies such as US dollars in their homes, say high-profile defectors Spy agency peels back curtain Two high-profile North Korean defectors working for South Korea's spy agency have revealed how regime officials routinely stashed huge sums of foreign currency in their homes. Both ...

  2. News - Asia - KOREAN PENINSULA

    Joint US-South Korea military drills to test inter-Korean detente

    Posted Feb 24th 2014, 11:51am by Agence France-Presse

    ... In particular, North Korea wants the South to resume regular tours to its Mount Kumgang resort, which provided a much-needed source of hard currency in the past. South Korea suspended the tours after ...

  3. News - Asia - KOREAN PENINSULA

    North Korea agrees to talks on family reunions

    Posted Feb 03rd 2014, 11:48am by Agence France-Presse

    ... which had provided a much-needed source of hard currency in the past. South Korea suspended the tours after a woman tourist was shot dead by security guards in 2008, and it has repeatedly ...

  4. News - Asia - KOREAN PENINSULA

    Pyongyang rejects South's family reunion proposal over US drills

    Posted Jan 09th 2014, 04:10pm by AFP

    ... for improving cross-border ties. Pyongyang has sought to link the family reunions to a resumption of South Korean tours to the North’s Mount Kumgang resort, a source of much needed hard currency ...

  5. News - Asia - KOREAN PENINSULA

    Landmark Korea talks end with question marks after South, North fail to agree on US drills

    Posted Feb 13th 2014, 12:20pm by AP and AFP

    ... was a lucrative source of hard currency. Underlying nuclear tensions Wariness in Seoul is still high because of a weeks-long barrage of threats and provocations last spring from Pyongyang after ...

  6. News - Asia - KOREAN PENINSULA

    South Korea-US drill begins, despite tensions easing with North Korea

    Posted Aug 19th 2013, 11:19am by Agence France-Presse in Seoul

    ... is an important hard currency earner for the impoverished North. Building on that breakthrough, South Korean President Park Geun-Hye urged Pyongyang to “open its heart” and resume reunions - suspended ...

  7. News - Asia - KOREAN PENINSULA

    Military hotline between North and South Korea reconnected as tensions ease

    Posted Sep 07th 2013, 12:00am by AFP

    ... source of hard currency for the impoverished North- after Pyongyang changed tack to make a flurry of conciliatory gestures. ...

  8. News - Asia - KOREAN PENINSULA

    North Korea agrees to hold family reunions with South Korea

    Posted Aug 18th 2013, 05:15pm by AFP

    ... in the North between 1998 and 2008. The South suspended the tours - an important source of hard currency for the impoverished North - after a North Korean soldier in 2008 shot dead a female tourist who ...

  9. News - Asia - KOREAN PENINSULA

    North invites South Korea managers to Kaesong

    Posted May 28th 2013, 03:48pm by AFP

    ... Korean president Kim Dae-jung, Kaesong has been a crucial hard currency source for the impoverished North, through taxes and revenues, and its cut of worker wages. ...

  10. News - Asia - KOREAN PENINSULA

    Koreas reach agreement to reopen Kaesong industrial zone

    Posted Aug 15th 2013, 12:00am by AFP

    ... of war". Established in 2004 as a rare symbol of inter-Korean co-operation, Kaesong was a key hard-currency earner for the North and the decision to shut it down took many observers by surprise. ...




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