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...North Korea's dictator Kim Jong Il has previously declared the six-party talks "dead," saying only direct negotiation with the U.S. on a range of issues is acceptable. But pressure from China - thought to be the only country with any leverage over Pyongyang - may have produced a change of heart. Since late this summer, North Korea has taken some steps to ease ongoing tensions with South Korea; Kim personally met with former U.S. President Bill Clinton when he traveled to Pyongyang in order to free two American journalists who had managed to get themselves arrested in North Korea...

Author: /time Magazine | Title: U.S. Tries Direct Talks with North Korea | 12/8/2009 | See Source »

North Korean leader Kim Jong Il and his cohorts labeled this week's sudden change in the country's currency, which has left chaos in its wake, economic "reform." On Monday the North Korean regime decided to lop off two zeroes from the existing paper currency, the won, and gave North Koreans less than a week to exchange all their old notes for new ones...

Author: /time Magazine | Title: Economic 'Reform' in North Korea: Nuking the Won | 12/3/2009 | See Source »

...rates - and any amount above that threshold would be, in effect, worthless. NGOs in Seoul reported that in response to citizens' immediate and widespread anger, those limits were raised to 150,000 won in cash and 500,000 won in bank notes. (See pictures of the rise of Kim Jong...

Author: /time Magazine | Title: Economic 'Reform' in North Korea: Nuking the Won | 12/3/2009 | See Source »

...PYONGYANG, NORTH KOREA Pyongyang International Film Festival An outgrowth of nonaligned propaganda, this biennial event, set to return in September 2010, is the best opportunity for filmmakers to make their mark on the Hermit Kingdom (supposedly with the blessing of No. 1 movie fan Kim Jong Il). Festivalgoers may be closely monitored, with ceremonies fronted by cheerleading Kimettes, but filmmaker Nick Bonner, whose Koryo Tours helps organize the festival and foreign guests, says "the impact is stunning" - as when masses of North Koreans crowded to view Bend it Like Beckham. See pyongyanginternationalfilmfestival.com...

Author: /time Magazine | Title: The Festival Circuit | 11/30/2009 | See Source »

...Read "Is Kim Jong Il Really Ready to Talk...

Author: /time Magazine | Title: Yukiya Amano, the IAEA's New Nuclear Watchdog | 11/30/2009 | See Source »

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