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April 16, 2006

Chris Hill on North Korea’s Creative Financing

“They might have thought they were a small country that could get away with it “¦ but when you get involved with nuclear weapons, you get looked at,” said Assistant Secretary of State Christopher Hill, who was on his way home from an academic conference in Tokyo, where he briefly saw his North Korean counterpart. “They should not be surprised”¦. This is life in the fast lane.” Link here. While I don’t actually agree that Amb. Hill is the good...
Categories Counterfeiting/Diplomacy/NK Economics/Six-Party Talks
April 7, 2006

Diplomacy Update

You know that the six-party goat rodeo is in real trouble when South Korea’s Minister of UniFiction gives the North “unusually caustic advice”, and when China starts to lose interest in stalling: What is more troubling is that China does not appear to be as enthusiastic as before about bringing North Korea to the negotiating table. Instead, China is reportedly becoming reluctant to share information with South Korea, which Seoul says is vital in putting common pressure on North Korea...
Categories NK Economics/Six-Party Talks
April 5, 2006

The Other Nuclear Option

Much info on the economic front of late, including some initial, sketchy evidence to back U.S. claims that the sanctions are biting. The Chosun Ilbo continues to tremble over what the U.S. Treasury Department’s next move could be. Have a look at Section 311 (115 Stat. 298) of the USA PATRIOT Act, and if you can bear it, keep reading. It empowers Treasury to declare all of North Korea a jurisdiction of special money laundering concern — as we’ve apparently...
Categories China/China & Korea/Counterfeiting/Diplomacy/Drugs & N Korea/NK Economics/Six-Party Talks/Uncategorized
April 4, 2006

Treasury Official: NK Sanctions Are Leaving a Mark

Last week, we heard that Kim Jong Il was trying to wait out President Bush. This week, a new report suggests that the converse may also be true: The U.S. Treasury Department says its ongoing financial sanctions against North Korea put “huge pressure” on the regime that could have a “snowballing … avalanche effect.” Under Secretary Stuart Levy was quoted in the latest edition of Newsweek, which analyzed the possible effect on the regime from Washington’s identification of the Banco...
Categories An Alliance?/Appeasement/China/China & Korea/Counterfeiting/NK Economics/Six-Party Talks/Uncategorized/WMD
March 26, 2006

WANTED

Two U.S. senior congressional researchers say Washington could bring criminal charges against North Korean leader Kim Jong-il over his country’s alleged counterfeiting of U.S. dollars. The two authors of a Congressional Research Service report say the U.S.’s increasing keenness to back up its allegations with legal evidence is fueling speculation that it is considering going after Kim. Well, that would certainly mark a decisive policy shift — one that it would extraordinarily difficult for future presidents to reverse.  “Earthquake” might...
Categories Counterfeiting/Diplomacy/North Korea/Six-Party Talks/U.S. & Korea/U.S. Law/Uncategorized
February 15, 2006

Vershbow: I’ll Believe It When I See the Plates

The U.S. Ambassador to Korea, Alexander Vershbow, is taking the fight back to “enemy” territory, as predicted.  In an interview with OhMyNews, Vershow responded to North Korean comments that some have interpreted as North Korean flexibility on counterfeiting.  Vershbow is obviously familiar with North Korea’s track record, because he wants more tangible proof that North Korea is capable of sincerity and good faith: The U.S. ambassador to Korea, Alexander Vershbow, said yesterday that Pyongyang must show some “convincing evidence” that...
Categories Counterfeiting/Diplomacy/Six-Party Talks/Uncategorized
February 15, 2006

NK ‘Spokesman’: We Have ICBMs!

Today’s WTF headline is this piece of work by Kim Myong Chol, North Korea’s unofficial and unmedicated spokesman in Japan.  The real torment of this piece is the difficulty of deciding which of the choicest cuts to serve you: Three factors make North Korea unique. The first is possession of a fleet of intercontinental ballistic missiles (ICBMs) capable of unleashing retaliatory nuclear strikes on the US mainland. Second, the North Koreans still torment the Americans as a result of their...
Categories Anti-Americanism/Appeasement/Asia/Counterfeiting/Diplomacy/Humor/Satire/Japan & Korea/Six-Party Talks/WTF?
February 12, 2006

Has George Bush Finally Put the Fear of God in Kim Jong Il?

Via Kyodo news: North Korean leader Kim Jong Il thinks his government could collapse if the United States continues to impose financial sanctions against the country, diplomatic sources close to the six-way talks on North Korea’s nuclear program told Kyodo News on Saturday. The sources said Kim made the remarks when Chinese President Hu Jintao asked him at their meeting in Beijing last month to drop the lifting of the sanctions as a condition for Pyongyang to return to the...
Categories China/China & Korea/NK Economics/Six-Party Talks/Uncategorized
June 27, 2005

THE PRICE OF A NUCLEAR FREE NORTH KOREA & REUNIFICATION

A major justification of South Korea’s unification policy is that by continuing to help North Korea, through the “Sunshine Policy,” they are facilitating both an atmosphere conducive to good relations and a way to help North Korea rebuild itself. The idea is that if North Korea is more prosperous, it will be able to rebuild some of its own infrastructure, thus reducing the cost of reunification in the future. Besides overlooking the glaringly obvious fact that if North Korea is...
Categories Appeasement/NK Economics/Six-Party Talks
June 24, 2005

U.S. CALLING CHINA TO THE COURT – WILL IT DO ANY GOOD?

Today’s Washington Post has the story, “U.S. Says China Should Prod N. Korea on Talks,” which does report the president’s position, even if trying to blame him at the same time; The Bush administration blamed China yesterday for not doing enough to cajole North Korea back to nuclear talks… Undersecretary of State Robert Joseph, who recently replaced John R. Bolton… said China, which is a close ally of North Korea and which supplies the impoverished state with oil and food,...
Categories China/Six-Party Talks
June 23, 2005

SIX-PARTY TALKS – TALKS ARE CHEAP

Kwon Ho-ung, the chief North Korean delegate in Seoul for Cabinet-level talks, today echoed comments made by Kim Jong-il to South Korean Unification Minister Chung Dong-young, on 17 June, concerning North Korea’s willingness to return to talks, and ultimately to give up nuclear weapons. A South Korean spokesman quoted the Northern delegation as having stated: “If the United States treats the North in a friendly manner, we will possess not one nuclear weapon. Kim Jong-il reportedly said that if the...
Categories Six-Party Talks
June 20, 2005

SIX-PARTY TALKS HOPES – DEJA VU, AGAIN

Once again South Korean hopes have been raised that the Six-Party Talks will soon re-start, again. On 17 June, Kim Jong-il told South Korean Unification Minister Chung Dong-young that ““ if the U.S. “recognizes and respects“ North Korea — talks could begin by July. I am not sure how many times we have been down this path since it is nearly pointless to keep count. The U.S. position has stayed the same: talks should begin immediately, and without pre-conditions. By...
Categories Six-Party Talks