Word: koreanized
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...South Korean politician widely expected to become one of the country’s leading presidential contenders—and perhaps South Korea’s first woman president—made clear at the John F. Kennedy Jr. Forum last night what her top priority would be if elected to the nation’s highest office. “I have only one objective,” South Korean National Assembly member Park Geun-hye said. “I am in to save my country.” Park, who chaired South Korea’s conservative...
...called six-party talks, which resumed today in Beijing. The talks aimed at getting Pyongyang to give up its nuclear weapons program have gone nowhere since September 2005, when a breakthrough about the terms for a possible grand compromise quickly broke down - in part because of North Korean fury at financial sanctions imposed by Washington. The North then dramatically upped the ante in the long-running showdown by successfully testing a small nuclear bomb last October...
...Last month, Hill met in Berlin with his North Korean counterpart, Kim Kye Gwan, and the first signs of a possible thaw became apparent. Hill referred to "good signs" after the meeting, and now diplomats say they hope that at the current round of talks Pyongyang will agree to shut down its nuclear reactor at Yongbyon, which produces the basic fissile material it needs for the bomb. There is also talk that international inspectors may be allowed back into North Korea to visit Yongbyon and perhaps other nuclear sites. In return, the U.S. and its allies in the talks - China...
...stance toward North Korea - does it want a nuclear deal with Pyongyang or does it seek to punish it via isolation and sanctions - has been resolved. As a senior Administration official told TIME in mid December, "Our clear priority is reaching an agreement for the denuclearization of the Korean peninsula...
...presumption, then, is that U.S. engineered financial sanctions that have so irritated Pyongyang will be dealt away as part of a grand compromise. The U.S. clearly struck a nerve when in September 2005 the Treasury Department pressured a Macao bank, Banco Delta Asia, to freeze North Korean accounts held there. (Treasury accomplished this mainly by getting major banks in the U.S. to shut down their correspondent accounts with Banco Delta Asia, effectively isolating it from the international financial system). The U.S. has said it suspects the North uses the accounts to launder money gained through counterfeiting U.S. currency and narcotics...