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

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."