Apr 10

- North Korea suspends last project with South, Putin cites Chernobyl (Reuters, April 8, 2013):)

North Korea suspended its sole remaining major project with the South on Monday, after weeks of threats against the United States and South Korea, as Russian President Vladimir Putin said any nuclear conflict could make Chernobyl look like a fairy tale.

Reclusive North Korea’s decision to all but close the Kaesong industrial park coincided with speculation that it will carry out some sort of provocative action – another nuclear weapons test or missile launch – in what has become one of the most serious crises on the peninsula since the end of the Korean War in 1953.

Tension has been rising since the United Nations imposed new sanctions against the North in response to its third test of a nuclear weapon in February. Pyongyang has been further angered by weeks of joint military exercises by South Korean and U.S. forces and threatened both countries with nuclear attack.

Putin said conflict on the peninsula could cause greater devastation than the Chernobyl nuclear disaster in 1986.

“I would make no secret about it, we are worried about the escalation on the Korean peninsula, because we are neighbors,” he told a joint news conference with German Chancellor Angela Merkel during a visit to a trade fair in Germany.

“And if, God forbid, something happens, Chernobyl which we all know a lot about, may seem like a child’s fairy tale. Is there such a threat or not? I think there is… I would urge everyone to calm down… and start to resolve the problems that have piled up for many years there at the negotiating table.”

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Apr 10

- North Korea Warns It Is on Brink of Nuclear War With South (New York Times, April 9, 2013)

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Mar 30

I guess there are many who are monitoring this situation very closely now, because of Major Ed Dames’ predictions:


YouTube Added: 24.01.2013

Description:

Former military Major in charge of remote viewing, Ed Dames, discusses predictions of coming events.


- North Korea Says It Enters “War” Against South Korea, And North Korea Kaption Kontest (ZeroHedge, March 29, 2013):

Ordinarily this would be Good Friday humor (unless we are very wrong, and it turns out to be Good Friday Global Thermonuclear War) because when one cries wolf a few too many times, this is what happens (from Yonhap):

North Korea announced Saturday that it has entered a state of war against South Korea.

In a special statement, the North said it will deal with every inter-Korean issue in a wartime manner.

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Mar 17

FYI.


- S.Korea border island calm despite N.Korea threat (AFP, March 17, 2013):

SEOUL — Residents of a South Korean island closest to the tense sea border with North Korea have shrugged off a warning from Pyongyang urging them to flee ahead of “thunderous attacks”, an official said on Sunday.

The North’s official website, Uriminzokkiri, told residents of five islands south of the border to leave, warning of “devastating consequences” if recent cross-border tension escalates into a full-scale conflict.

“The wisest choice when the fire of thunder rains down on you is running afar,” it said in an editorial published late Friday.

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Mar 11

- North Korea demands apology from South Korea for ‘open declaration of war’ (RT, March 10, 2013):

Recent statements by Seoul have angered Pyongyang to the extent that the latter considers them a cry for war. This follows North Korea’s nullifying all non-aggression pacts and cutting the hotline with its southern neighbor.

According to North Korea’s official news agency KCNA, Pyongyang’s senior official with the Committee for the Peaceful Reunification of Korea demanded an apology on Saturday, reacting to the South Korean Defense Ministry’s threat that North Korea “will vanish from earth”, should it choose to strike first. Pyongyang has said that it views the statement as “an open declaration of war.”

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Mar 11

- North Korea Forces Await ‘Final Strike Order’ from Kim Jong-un (IBTimes, March 10, 2013):

South Korea vows strong response if provoked

North Korea’s armed forces are reported to be awaiting a “final order” from the country’s supreme leader Kim Jong-un before launching a campaign against South Korea.

Ahead of a ten-day joint computer-simulated drill to be conducted by the US and South Korea on 11 March, the North’s most widely circulated mouthpiece Rodong Sinmun said: “Our front-line military groups, the army, the navy and the air force, the anti-aircraft units and the strategic rocket units, who have entered the final all-out war stage, are awaiting the final order to strike.”

The mouthpiece said the North’s nuclear weapons are also in full readiness.

“Puppet regimes in the US and South Korea will be turned into a sea of fire in the blink of an eye,” said the daily, raising tensions further in the Korean peninsula.

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Mar 11

- North Korea scraps armistice, cuts hotline with South following threats (RT, March 11, 2013):

Pyongyang has nullified the 1953 armistice that ended the Korean War, also cutting a communication hotline with the South on Monday. US-South Korean military drills and fresh UN sanctions against North Korea were cited as reasons for the move.

The Korean armistice agreement has been “scrapped completely,” North Korea’s ruling party official newspaper said on Monday, citing a senior military spokesman.

There was no formal announcement confirming the report, nor has the North Korean government openly declared its hotline with the South cut.

But according to Seoul’s Unification Ministry, attempts to contact the North by telephone at 9am failed. The hotline is used to communicate between Seoul and Pyongyang, which do not have diplomatic relations.

The news comes after the communist state said last week it was ending all non-aggression pacts with South Korea and threatened to sever a hotline with UN forces in the South, at the border truce village of Pammunjom.

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Feb 18

#Radioactive Asia: There Will Be 100 Additional Nuclear Reactors in Asia in 20 Years (EX-SKF, Feb 16, 2013):

As far as Asians are concerned, the Fukushima nuclear accident seems to have encouraged them to embark on new nuclear projects.

They probably look at Japan, and say, “Well their government has said all along there is no bad effect from triple meltdowns and melt-throughs, and people don’t seem to care anyway, so what’s there to lose? Not much.”

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Jan 17

- Another S Korea nuclear reactor shut down due to malfunction (Platts, Jan 17, 2013):

Another South Korean nuclear reactor was shut down Thursday due to a malfunction just two weeks after two of three troubled reactors were restarted amid mounting electricity demand due to a prolonged cold spell.

No. 1 reactor at the Uljin nuclear power plant on the east coast, a pressurized water reactor with a generation capacity of 0.95 GW, halted operations at 11:19 a.m. Seoul time (0219 GMT) due to a problem with the reactor’s energy system.

The Korea Hydro & Nuclear Power, the state-run operator of nuclear power plants, said there was no immediate danger of any radiation leak. An investigation was currently under way to identify the exact cause of the problem, it said.

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Oct 23

- Asian economies turn to yuan (China Daily, Oct 24, 2012):

A “renminbi bloc” has been formed in East Asia, as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — a major signal of China’s successful bid to internationalize its currency, a research report has said.

The Peterson Institute for International Economics, or PIIE, said in its latest research that China has moved closer to its long-term goal for the renminbi to become a global reserve currency.

Since the global financial crisis, the report said, more and more nations, especially emerging economies, see the yuan as the main reference currency when setting their exchange rate.

And now seven out of 10 economies in the region — including South Korea, Indonesia, Malaysia, Singapore and Thailand — track the renminbi more closely than they do the US dollar. Only three economies in the group — Hong Kong, Vietnam, and Mongolia — still have currencies following the dollar more closely than the renminbi, said the report, posted on the institute’s website.

The South Korean won, for example, has appreciated in sync with the renminbi against the dollar since mid-2010.

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