Saturday, June 25, 2011

Daily Kor for Saturday, June 25, 2011

For your edification, Reuters has a Q&A piece on the status of the Korea-US FTA. It's not "news" that ends up as a numbered story below, but it's informative nonetheless.

Most of today's news stories are actually about US Secretary of State Clinton and her meeting with ROK Foreign Minister Kim Sunghwan. South Korea and the US are almost as close as lips and teeth, a stark contrast to the bad old days when we had the likes of Donald Rumsfeld and President Roh Moohyun tearing away at the fabric of the alliance.

Meanwhile, President Lee is meeting with quite a few Korean War veterans to show his and the country's gratitude, this being the sixty-first anniversary of the start of the 6.25 War (Yugio Chŏnjaeng).
  1. Meeting in Washington, US Secretary of State Hillary Clinton and ROK Foreign Minister Kim Sunghwan signal their two countries will not ease pressure no North Korea, saying Pyongyang must show it has changed its ways before resumption of nuclear talks (Reuters, AP via WaPo)
    • Two sides sign cooperation agreement aimed at developing impoverished countries, particularly in Central Africa (Yonhap)
    • Clinton says no hasty decision on food aid for North Korea (Yonhap)
    • Drawing an analogy with Afghanistan, Clinton calls Korea a good "investment" since end of Korean War (Joongang Daily)
  2. Apple files patent infringement suit against Samsung in Seoul court (Reuters, Bloomberg, AP via WaPo, Yonhap, Korea Herald)
  3. Associated Press Television News says North Korea is rushing to build 100K apartments in Pyongyang by centennial of Eternal President Kim Ilsung's birth in 2012 (AP via WaPo)
  4. EU Chamber of Commerce of Korea presses Seoul to remove non-tariff trade barriers (YonhapKorea Times, Joongang Daily)
  5. Finance Minister Bahk Jaewan vows to create business-friendly environment by easing unnecessary regulations (Yonhap)
  6. Financial Services Commission to buy 1.4 trillion won (US$1.29 billion) worth of bad property finance loans to prop up ailing sector (Yonhap)
  7. US President Barack Obama formally nominates Sung Kim, Korea-born career diplomat, as new ambassador to Seoul, replacing Kathleen Stevens (Yonhap)
  8. On anniversary of start of Korean War, ROK President Lee Myungbak salutes hundreds of veterans from Korea, US, and other countries (Yonhap, Korea Herald)
  9. Pyongyang hopes to burnish image with North Korean edition of Candyland™ (Korea Times)

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