South Korea declined to comment Wednesday on revelations that the United States talked it down from launching a retaliatory air strike on North Korea in 2010. The claims were made in the newly published memoir of former US defense secretary Robert Gates, in which he also describes former South Korean president Roh Moo-Hyun as "probably a little bit crazy".
SEOUL, Korea, Republic Of — Late North Korean leader Kim Jong Il repeatedly pushed for summit talks with South Korea before his 2011 death but the plans failed because Pyongyang demanded $10 billion and large-scale shipments of food and fertilizer, a former South Korean president says in a memoir to be published next week.
South Korea said Wednesday it expects China to cooperate on easing global economic imbalances and other contentious issues at next week's G20 summit in Seoul.Beijing knows "balanced global growth is beneficial to all countries. I'm positive that China will be cooperative in handling various issues at the G20 summit," President Lee Myung-Bak told a press conference.Lee said earlier this week he is hopeful of resolving vexed trade and currency disputes at the November 11-12 Group of 20 summit, which follows a meeting last month of the grouping's finance ministers.
ETF Database submits: South Korea is home to one of the world’s most unique and promising economies, thriving off of its status as a tech leader as well as proximity and strong relationships with many of Asia’s rapidly-expanding emerging markets. But constantly looming over South Korea is the unstable relationship with its neighbor to the north, one of the world’s most closed and volatile regimes in North Korea.