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

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

By Tyler Durden
Created 04/02/2013 - 21:21
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 04/02/2013 21:21 -0500



 

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 [4], 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."

 

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Source URL: http://www.zerohedge.com/news/2013-04-02/last-symbol-inter-korea-cooperation-falls-north-bans-south-gaeseong

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[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/8480
[3] http://www.zerohedge.com/taxonomy_vtn/term/11826
[4] http://online.wsj.com/article/SB10001424127887323296504578395973656756876.html