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  • August 29, 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

    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 ...

  5. 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 ...

  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

    Two Koreas restart operations at Kaesong industrial zone

    Posted Sep 16th 2013, 09:54am by AFP

    ... cooperation. It provided an important hard currency source for the impoverished North through taxes, other revenues, and its cut of workers’ wages. It had appeared immune to previous downward spirals ...

  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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