With the United States investigating Japan’s Mitsubishi UFJ Financial Group for money laundering involving North Korea, the South Korean financial authorities disclosed on Nov. 27 the outcome of their assessment of domestic financial companies’ risks associated with money laundering and terrorist fi
The South Korean government has asked the International Monetary Fund and the World Bank to play a bigger role in having North Korea accepted as a member of the international community and accelerating the opening and development of the isolated country.The request was made by South Korea’s Deputy P
If the Asian Infrastructure Investment Bank (AIIB) decides to participate in infrastructure investment in North Korea, a cross-border cooperation where South Korea, North Korea, China and Russia participate will be the most likely.If the Asian Infrastructure Investment Bank (AIIB) decides to partici
AAs inter-Korean relations are thawing, South Korea’s asset management companies are stepping up efforts to explore North Korea-related business opportunities.Samsung Securities Co. has recently created a North Korea research team for the first time in the industry. Securities companies are providin
The U.S. government’s denuclearization roadmap regarding North Korea is taking concrete shape at a rapid pace.The roadmap calls for providing immediate economic compensation for the North in exchange for comprehensive denuclearization based on transfer of its nuclear warheads, nuclear materials and
On July 27, South Korean President Moon Jae-in and North Korean leader Kim Jong-un held a summit and adopted the Panmunjom Declaration."The South and the North have agreed that main measures taken by North Korea were very meaningful and important measures for the denuclearization of the Korean Penin