Park urges N. Korea to halt provocations, expect no gains from bad behavior

President Park Geun-hye urged North Korea Wednesday to immediately halt provocations and work with South Korea for peace on their divided peninsula.

President Park Geun-hye urged North Korea Wednesday to immediately halt provocations and work with South Korea for peace on their divided peninsula.

The peso ended flat against the dollar Wednesday ahead of the speech of Federal Reserve Chairman Ben Bernanke before the Joint Economic Committee of the U.S. Congress Wednesday night (Manila time).

South Korea has relied on the US nuclear umbrella as insurance against North Korea’s defiant pursuit of nuclear weapons, but the likelihood of a US nuclear response is “more than adequate” deterrence against the North, a US military professor said Tuesday.

The government said Monday it is checking each of the 123 South Korean companies for damage assessment of their withdrawal from an inter-Korean joint industrial complex in North Korea in April.

South Korea and the United States are expected to resume formal negotiations early next month aimed at revising a bilateral civilian nuclear accord, a government source said Monday, in what would be the first meeting since the allies agreed to extend the deadline for a deal until 2016.

The security situation on the Korean Peninsula is still serious after North Korea’s recent missile launch and its defiant pursuit of nuclear weapons, South Korea’s foreign minister was quoted by South Korean media as saying Monday.

A magnitude 4.9 quake occurred near waters off of Baengnyeong Island in the Yellow Sea, marking the eighth time in a week that a tremor was reported in South Korea, the Korea Meteorological Administration (KMA) said Saturday.

President Barack Obama intends to nominate Army Lt. Gen. Curtis Scaparrotti to succeed Army Gen. James Thurman as the commander of the U.S. Forces in Korea, Defense Secretary Chuck Hagel announced on Friday at a Pentagon press conference.

The Davao region is taking the center stage in several activities in Seoul, South Korea during the month-long Korea Travel Fair from May 30 to June 30.

South Korean stocks are expected to rise next week on economic stimulus efforts by governments, analysts here said Saturday.
