South Korea President Park Geun Hye, who has rocked her administration with past Cabinet picks, faces one of her biggest personnel challenges yet: ensuring a smooth central bank leadership transition as she tries to steer Asia’s fourth-largest economy to faster growth.
North Korea is building a tunnel at a site where it conducted two underground nuclear tests, the Chosun Ilbo newspaper reported, citing a South Korean intelligence official it didn’t identify. North Korea may be able to conduct a nuclear test as early as March at the rate the tunnel is being built at Punggyeri in the country’s northeastern corner, the Korean-language newspaper said.
North Korea is running a uranium enrichment centrifuge plant in Huichon, 57 kilometers northwest of the Yongbyon nuclear facility, the Chosun Ilbo newspaper reported, citing an unidentified former North Korean senior official who defected from the country.
North Korea deployed more missiles on its west coast on Dec. 20, when South Korea conducted artillery drills on an island in waters along the two nation’s western sea border, the Chosun Ilbo newspaper reported, citing an unidentified government official.
North Korea may have three or four more plants for enriching uranium for nuclear use, including one in Pyongyang, the Chosun Ilbo newspaper reported, citing a South Korean intelligence official it didn’t identify. The U.S. and South Korea suspect North Korea of enriching uranium at locations other than a Yongbyon plant the country revealed to U.S. scientists last month, the Korean-language newspaper said.
Park Geun Hye, the South Korean ruling party’s presidential nominee, held a lead in polls over opposition challenger Moon Jae In as they prepared to launch a barrage of television ads ahead of next month’s election.
Seven months after taking office, South Korean President Park Geun Hye’s election promises threaten to unravel as revenue shortfalls ignite a debate on tax increases to pay for her welfare and defense spending plans.
South Korean antitrust agency officials collected documents from a financial industry group that sets benchmark rates amid a 14-month probe into borrowing costs, two people with knowledge of the matter said.