S.Korea says Japan apologises for forex remarks

Western officials should have realised this Summit would be different when they arrived in Seoul to find their phones and blackberrys didn't work. The problem was that Korea's nationwide 4G network was too advanced. On early negotiating missions, key UK officials found themselves communicating with London via gmail, on rented phones. That was never a problem in Pittsburgh, or Toronto. But as George Osborne liked to point out, this was the first G20 Summit not hosted by a G8 country - and, he might have added, the first where G8 countries didn't call the tune.

By Forexyard: By Russell Glaser Tough talk from Japanese officials continues to spark speculation of additional intervention in the FX markets to weaken the yen. Market positioning is also overextended and a move higher in the USD/JPY could be sharp and quick.

Japan on Wednesday said South Korea would face scrutiny over its repeated moves to weaken the won and called on China to act "responsibly" amid escalating fears of a global currency war.The comments illustrate flaring tensions over a devaluation battle that is set to dominate a Group of 20 summit of the world's top economies in South Korea next month as nations look to curb capital inflows and safeguard exports.

North Korea’s violations of United Nations resolutions on nuclear testing long-range missiles are a direct threat to the U.S., Admiral Samuel Locklear will tell Congress Tuesday. The North’s actions “represent a clear and direct threat to U.S. national security and regional peace and stability,” Locklear, head of the U.S. Pacific Command, says in a statement prepared for a Senate Armed Services Committee hearing.

Click to enlarge SEOUL, South Korea — A top South Korean national security offic

While the rest of the developed (read trade deficit) world's foray into the currency wars was completely predictable and expected, there was one country that had so far kept very silent on the topic of Japan's attempts to crush its currency: its main export competitor, South Korea.