This page has been archived and commenting is disabled.

"Last Symbol Of Inter-Korea Cooperation" Falls As North Bans South From Gaeseong

Tyler Durden's picture




 

While the world twiddles it thumbs, buys stocks, and ignores any and every risk,  tensions continue to mount on Korea. Bloomberg is reporting that:

  • *N. KOREA BANS S. KOREANS FROM ENTERING GAESEONG, S. KOREA SAYS
  • *N. KOREA ENTRY BAN HINDERS 'STABLE OPERATION' OF GAESEONG: KIM
  • *S.KOREA SAYS N. KOREA GAESEONG ENTRY BAN IS 'EXTREMELY SERIOUS'

The city of Gaeseong, due to its situation on the border, hosts cross-border economic exchanges ($2bn per year in trade for the impoverished North) between the two countries and is seen as "the last symbol of inter-Korean cooperation." In light of this, perhaps it is no surprise that the WSJ reports, the U.S. positioned a ship capable of shooting down ballistic missiles near the Korean peninsula amid South Korea demands that the military should "make a strong and swift response in initial combat without any political considerations."

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 04/02/2013 - 23:33 | 3401947 jonjon831983
jonjon831983's picture

Hmm... interesting... some have said this industrial park is a sort of redline...

 

Though I think there is a south/north train for families to visit or something like that... not sure if that has been cut. 

 

Wed, 04/03/2013 - 00:42 | 3402083 jonjon831983
jonjon831983's picture

hmm couldn't find too much on it, but here is 2010 article:

"Together again after FIFTY-SEVEN years: 100 South Koreans travel north to meet long-lost relatives"

http://www.dailymail.co.uk/news/article-1325170/Hundreds-South-Koreans-travel-north-meet-relatives-57-years-apart.html

"The reunions, which are taking place for the first time in more than a year, began in 2000 as a symbol of warming ties after the meeting of the rivals' leaders that year that led to politically conciliatory moves."

Tue, 04/02/2013 - 23:52 | 3401998 UGrev
UGrev's picture

Little Hobbit is getting "GREAT IDEARS" from his Generals who are "guiding" him on how to conduct "business". 

Tue, 04/02/2013 - 23:57 | 3402005 Monedas
Monedas's picture

Can the North Koreans counterfeit Bitcon .... or do they have a knock off called Bitcom ?

Tue, 04/02/2013 - 23:57 | 3402010 Pampalona
Pampalona's picture

BitKim

Tue, 04/02/2013 - 23:58 | 3402013 q99x2
q99x2's picture

Not bullish for APPL or any other chinese manufacturing middle men scoundrels.

Tue, 04/02/2013 - 23:59 | 3402014 q99x2
q99x2's picture

Not bullish for APPL or any other chinese manufacturing middle men scoundrels.

Wed, 04/03/2013 - 00:05 | 3402025 syntaxterror
syntaxterror's picture

broken window paradox. bullishhhhhhhhhh.

Wed, 04/03/2013 - 00:02 | 3402018 Divine Wind
Divine Wind's picture

 

 

N. Koreans are just ronry.

Reave them arone.

 

Wed, 04/03/2013 - 00:21 | 3402046 Monedas
Monedas's picture

"....jumping into a fire with a faggot on one's back !"  .... Kim, you just lost the Gay vote !  

Wed, 04/03/2013 - 06:51 | 3402417 Colonial Intent
Colonial Intent's picture

Hey what you here for mossad boy, did israel sell NK Awacs tech?

No wait that was the chinese you sold awacs tech to them IL-78s were getting obselete, now the chineze have E2-copied tech sold to them from israel.

So usa gave the israelis e-2 awacs for free and israel sold the tech to china, damn them jews know how to turn a profit even if they did kill the messiah.

Wed, 04/03/2013 - 00:46 | 3402088 jonjon831983
jonjon831983's picture

I don't think the main fear is the DPRK military so much as the humanitarian aftermath.  What do you do with tens of millions of refugees?  What would you do if the DPRK army basically surrendered?  Then the other part is how do you know the surrendering people won't try to stir up stuff down South?

Both China and South Korea would likely be innundated with a humanitarian crisis.

Wed, 04/03/2013 - 05:36 | 3402346 Pampalona
Pampalona's picture

'What would you do if the DPRK army basically surrendered?'
Immediately disband them, send them home, but allow them to keep their weapons - as that's what worked so well for us in eyeraq.

Wed, 04/03/2013 - 01:10 | 3402119 lolmao500
lolmao500's picture

Good thing the missile shield is there to protect you... OH WAIT.

http://www.foreignpolicy.com/articles/2013/03/20/billion_dollar_baby?pag...

Hey, at least the ground-based midcourse system works so well! That, by the way, is sarcasm. The assembled personages appear not to have read the National Academies report, which described the ground-based midcourse system as "fragile" and recommended stopping the procurement of the ground-based interceptor (sometimes derisively called the George Bush Interceptor.)

The last successful intercept test of the system was in 2008. Overall, the record of flight tests is 8 successes in 15 tries, or a bit over 50 percent. Little wonder the Missile Defense Agency likes to call flight tests "Pucker Time."

The GMD system performs as badly or worse on "intercept" tests -- tests in which it tries to hit a target -- with only two successes in five tries since 2005. Now, you might ask why there have been so few tests of this system since 2005. Well, I am happy to tell you. In 2005, the Welch Panel -- chaired by the Washington institution that is General Larry Welch -- concluded that ongoing test failures were undermining the deterrent value of the system. So, the Missile Defense Agency scaled back testing to less than one intercept test per year as, evidently, integrated flight tests hate our freedoms. Tests are also monstrously expensive, as George Lewis has noted, costing several hundred million dollars or more, depending on how much you spend on figuring out what went wrong.

The poor test record is important to understand why the National Academies concluded the GMD system was "fragile." When you hear a U.S. official expressing "high confidence" in our ability to intercept a North Korean missile, he or she is assuming the GMD system fires five interceptors at each incoming North Korean missile. (Do the math: A mere 50-50 chance of intercept repeated five times against a target will result in an intercept 97 percent of the time.)

 

Now for the really fun part: Let's say one of these interceptors does manage to hit an incoming North Korean missile. While the folks at Greely are celebrating with a little Harlem Shake, what's happening with the other interceptors we shot off? If you said "They are lighting up the early-warning radars as they streak into the heart of Mother Russia," you win a prize! I am sure there is no chance that will spark an accidental nuclear war, the firing-missiles-into-Russia-on-purpose thing. There is no way the Russians could miss a North Korean missile launch or get an itchy trigger finger when they see missiles converging on their country.

Several of my colleagues have mentioned this problem, but it doesn't seem to gain much traction. A couple of years ago, after the Russians admitted they hadn't seen North Korea's 2009 rocket launches

Wed, 04/03/2013 - 01:28 | 3402140 lolmao500
lolmao500's picture

At 2p local, 3 more cars drove out of Kaesong. There were supposed to be 81 people. They may be staying bc NK won't let them in 2mrw

Yonhap: defense minister says military action is an option if safety of S. Koreans at Kaesong at risk.

So... hundreds of SKoreans are still in North Korea... for whatever reason... and if SKorea becomes paranoid about their safety, shit could get out of control real fast... bullish!

Wed, 04/03/2013 - 02:01 | 3402179 patb
patb's picture

NK needs Kaeson a lot more then SK needs it.

 

all this war talk is overblown, meant to distract us from other more important issues.

Wed, 04/03/2013 - 04:45 | 3402297 lolmao500
lolmao500's picture

Well the regime makes a lot of money over it... ($80 million)... but if it closes, a LOT of SKorean businesses would be hit hard, maybe even collapse... crushing the SKorean economy. Unemployed SKoreans might blame this on the US... pushing people to kick out US forces...

So who knows what will happen down the line, this may all be planned.

Wed, 04/03/2013 - 02:03 | 3402180 williambanzai7
williambanzai7's picture

The plan is to blow up Samsung and start manufacturing Facebook Android phones.

Wed, 04/03/2013 - 02:14 | 3402188 LetsGetPhysical
LetsGetPhysical's picture

"Let's have a war.... jack up the Dow Jones"

http://www.youtube.com/watch?v=yJAlIHsXcLY

 

Wed, 04/03/2013 - 02:33 | 3402200 walcott
walcott's picture

death bichez...

Wed, 04/03/2013 - 04:23 | 3402274 Sandmann
Sandmann's picture

So North Korea provides 50,000 slaves to make cheap products for South Korean chaebol and this is wonderful ? Wow that European-African trade dialogue providing job opportunities for Africans in Antebellum South has been under-rated; and that public-private partnership between the SS leasing workers to businesses in Occupied Europe is not seen for the enlightened approach it apparently was. Or is it just Korean slaves that make Westerners feel good about themselves ?

Wed, 04/03/2013 - 04:47 | 3402300 lolmao500
lolmao500's picture

Yes this is truly disgusting. Not to mention sanctions on North Korea only starves the little people... you think that fat slob Kim Jong Un is starving along with his generals? Please. LIFT THE SANCTIONS ON FOOD.

The South Koreans companies are paying the NORTH KOREAN GOVERNMENT for the slave labour...  It's like paying Hitler for the slave labour jews do in his concentration camps and expect he's gonna pay them back... total fucking hypocritical lunacy.

Wed, 04/03/2013 - 12:49 | 3402336 Zwelgje
Zwelgje's picture

This is fucking serious. 

I assume that all the tough boys above are about to join the USMC?

Further: I hope for you Westerners that all the bragging is founded because you'll receive little pitty for whatever result this will bring.

North Korea has a chance: they are prepared to die. Westerners just want to 'own' more than the neighbor.

US$, EU, I don't know, it doesn't look that strong. 

Wed, 04/03/2013 - 07:15 | 3402447 goldenbuddha454
goldenbuddha454's picture

Honestly, what's N.Korea going to do?  This is all just an annual bluff they make to the world to extort more food for their starving masses. 

Wed, 04/03/2013 - 08:05 | 3402541 rsnoble
rsnoble's picture

Looks like small dick fat boy is cereal this time.

I have a bad feeling one of these times he may be.  If no one else got involved I think the US could smear them pretty fast but not without disastrous consequences for those within his immediate reach.

Not a good situation.

Wed, 04/03/2013 - 10:02 | 3402978 thatonekid13
thatonekid13's picture

Is North Korea poor?

Wed, 04/03/2013 - 14:50 | 3404590 The Laughing Man
The Laughing Man's picture

'...the U.S. positioned a ship capable of shooting down ballistic missiles near the Korean peninsula amid South Korea demands that the military should "make a strong and swift response in initial combat without any political considerations."'

And to think that just a few years ago the South Korean populace was practically screaming for blood trying to get the US to scale back its operations there. But nope, when things start to get scary its back to good 'ol cries of "Save us World Police!". Would be nice if countries would learn to handle their own shit...

Do NOT follow this link or you will be banned from the site!