Please leave anything you want to discuss in the comments.
This is likely being done not for deterrence reasons, but as leverage during any future negotiations:
North Korean leader Kim Jong-un said his country was “equipping the Navy with nuclear weapons,” state media reported Wednesday, as he also unveiled plans to build 10,000-ton warships.
The remarks came at the commissioning of the Choe Hyon — one of two 5,000-ton class warships the nuclear-armed state launched last year — in the port city of Nampo on Tuesday, the official Korean Central News Agency reported.
You can read more at the link.
For Soldiers in Korea looking to convert some U.S. dollars into Won, now is the time to do it:
The South Korean won weakened against the U.S. dollar Tuesday amid renewed expectations that the U.S. Federal Reserve would raise its rates this year.
The won traded at 1,539.1 won per dollar, down 2.1 won from the previous session, as of 3:30 p.m., partly hit by a sell-off by foreign investors in local stocks.
The won opened at 1,539.4 won per dollar earlier in the day but tumbled to as low as 1,542.1 won at one point, marking the weakest level since June 8.
You can read more at the link.
Here is something to keep in mind that freedom of speech in the U.S. does not apply in South Korea. If you say something in the U.S. it can be used to arrest you if you travel to South Korea:
Police plan to question Korean American professor Morse Tan this week over his alleged defamation of President Lee Jae Myung, sources said Tuesday.
The questioning will take place at the Seoul Metropolitan Police Agency at 10 a.m. Wednesday over allegations that the professor at U.S.-based Liberty University falsely accused Lee of involvement in murder as a teenager.
Tan allegedly made the claim at a press conference in the United States last year. He also claimed Lee had been sent to a juvenile detention center for the crime.
You can read more at the link.
Tough day for the Korean stock market:
South Korean stocks tumbled nearly 10 percent Tuesday as foreign investors dumped major semiconductor shares and other market heavyweights amid profit-taking, tracking overnight losses in U.S. technology stocks. The local currency weakened against the U.S. dollar.
After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) plunged 910.71 points, or 9.99 percent, to close at 8,203.84. The index hit an intra-day high of 9,175.45.
The Korea Exchange (KRX), the bourse operator, activated a circuit breaker at around 2:33 p.m. after the KOSPI plummeted more than 8 percent from the previous session’s close.
You can read more at the link.
