Korean ETFs Tumble On Death Of Kim Jong Il
As if there weren’t enough geopolitical concerns in the market today, the sudden and relatively unexpected death of North Korea’s Kim Jong Il has added yet another issue to the global stage. The leader of the reclusive nation had an apparent stroke or heart attack, dying at the age of 69. He leaves behind an impoverished nation of about 23 million people in what is described by some as the most isolated country in the world. Despite the rampant poverty and the lack of basis services, however, North Korea has one of the world’s largest militaries and is one of a handful of nations that have nuclear weapons, giving the country outsized influence on the global stage.
North Korea’s Successor
Power now shifts to Jong Il’s third son, Kim Jong Un, who will now take over for the nation. Little is known about the new leader other than that heComplete Story »