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."