08.04 Rating agency Standard & Poor's has said that the tensions in the Korean Peninsula are not high enough to downgrade South Korea's sovereign rating. "As long as there is no actual war outbreak, I think the impact is relatively limited, and that's why we don't change our outlook on the rating of South Korea," Kim Eng Tan, senior director of Asia-Pacific sovereign ratings at S&P, was quoted as saying by a Korean newspaper.
September 14, 08.00What happened when we were asleep? The US State Department issued a statement saying they haven't given up on diplomacy to get North Korea to give up its nuclear weapons.
Deaprtment spokesperson Heather
Nauert said that the department is "realistic" but also "optimistic" that diplomacy will resolve the issue, expressing satisfaction with the new UN Security Council resolution against the North. The Korea Asia-Pacific Peace Committee (
KAPPC), a North Korean communist
organisation, demanded that that the United States be "beaten to death" like a "rabid dog" for pushing fresh UN sanctions on Pyongyang over its latest nuclear test and added that ally Japan should be "sunken into the sea".
19:37 North Korea is one of the world’s most secretive major exporters of small arms such as including Kalashnikovs, rockets and machine guns, according to a report of experts in Geneva. The
Small Arms Survey Trade Update 2017 survey states that among 55 percent of nations who trade in small arms, the USD 6 billion market remains a murky industry in which weapons find their way into the hands of terrorists or are used by states to carry out human rights abuses. The survey singles out North Korea along with nations such as Saudi Arabia and Iran on transparency of small arms. "The five least transparent major small arms exporters are: Iran, North Korea, Saudi Arabia, South Africa, and the UAE. These states do not provide information on their small arms exports to Comtrade or the UN Register,” the survey states. "North Korea has received a score of 0 in every edition of the Transparency Barometer to date. It has never provided information on its small arms exports to Comtrade or the UN Register.30 In 2013, Comtrade recorded the highest value for North Korean small arms exports: USD 300,000," it says.
17:30 North Korea vowed today to accelerate its weapons programmes in response to "evil" sanctions imposed by the UN Security Council following its latest and most powerful nuclear test. The North says it needs nuclear weapons to protect itself from "hostile" US forces and analysts believe Pyongyang's weapons programme has made rapid progress under leader Kim Jong-Un, with previous sanctions having done little to deter it.
Read the full story here.16.17 US-based
defence analysts have said that North Korea has resumed work at its underground nuclear weapon testing site. After studying recent satellite images, the analysts said they had detected new vehicles, mining carts and other signs of activity at the
Punggye-ri underground nuclear test site in northeast North Korea.
15.21 In a well-rounded piece published today, Michelle Ye Hee Lee of the
Washington Post talked about how South Korea now wants nuclear weapons of its own. Not too long ago, this was a fringe idea. But now that the threat from North Korea is escalating every passing day, the argument for South Korea to arm itself with nukes is gaining steam.
Read the full story here. 15.15 Chinese expert on Korean Studies Lü Chao has said that he does not believe imposing tougher sanctions on North Korea will result in the rogue nation giving up its nuclear weapons program. "The US and its allies Japan and South Korea hope to suffocate North Korea and overturn its regime through economic and military pressure, but this will not work because China and Russia will not accept this, as it will affect their national interests and jeopardize the regional strategic balance," Lü said in an interview to Global Times.
Read the full story by Global Times here. 15.06 In a statement yesterday, the Russian agriculture ministry said that Russia is ready to develop cooperation with the United States in the field of agriculture. The statement said Russia eyes promoting US investments in its agricultural sector.
15.05 The US State Department on Tuesday said that the current diplomatic row between Russia and the United States should not be escalated. Secretary of State Rex
Tillerson said he believed that "no further escalatory action is necessary at his point" and that both countries should look ahead and try strengthening their ties.
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