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SEOUL, South Korea (AP) — The United States and its allies are discussing options “both inside and outside the U.N. system” to create a new mechanism for monitoring North Korea over its nuclear weapons program, the American ambassador to the United Nations said Wednesday.
And President Xi Jinping might conclude that the yen’s drop affords China the geopolitical cover to engineer a weaker yuan.
The Bank of Korea will intervene to control currency volatility if needed, the central bank's chief told CNBC, describing the recent market fluctuations as a little "excessive."
This is CNBC's live blog covering Asia-Pacific markets.
Last week’s US-Japan alliance bilateral summit between President Joe Biden and Prime Minister Kishida Fumio not only launched more than 70 deliverables that spanned the interagency, across the defense, across space, education, and technology, it also launched a new trilateral with the Philippines (at the summit level, at least), adding one more minilateral partnership to a lexicon that now includes AUKUS (Australia-UK-US), the Trilateral Strategic Dialogue (US-Japan-Australia), the US-Japan-UK naval trilateral, and the US-Japan-South Korea trilateral and the Quadrilateral Security Dialogue (“Quad”).
SEOUL (Reuters) -- South Korea and Japan expressed serious concerns about the recent depreciation of their currencies and stood ready to take action against excessive exchange-rate volatility, South Korea's Finance Ministry said in a statement released on Wednesday.
SEOUL, South Korea (AP) — North Korea is putting surveillance cameras in schools and workplaces and collecting fingerprints, photographs and other biometric information from its citizens in a technology-driven push to monitor its population even more closely, a report said Tuesday.
“We should all humbly accept the people’s will expressed through the elections,” Yoon said in a televised statement ahead of a cabinet meeting on Tuesday, his first public remarks on the polls since they were held on April 10.