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Latest North Korea Items
North and South Korea are facing their gravest crisis since the end of the Korean War as South Korea threatens to retaliate against North Korea for sinking one of its warships. Forty-six sailors died in the torpedo attack by a North Korean submarine.
President Barack Obama on Sunday welcomed an international commitment for rich countries to slash their deficits in half by 2013, despite his earlier warnings against halting stimulus spending too abruptly.
Wary of slamming on the stimulus brakes too quickly but shaken by the European debt crisis, world leaders pledged on Sunday to slash government deficits in the most industrialized nations in half by 2013, with wiggle room to meet the goal.
President Barack Obama said Saturday that North Korea must be "held to account" for its alleged sinking of a South Korean warship, a tough statement of support for an ally, made at its leader's side.
As world leaders gathered to deal with the aftermath of the global financial crisis, President Obama boasted about a congressional compromise on overhauling the U.S. banking system and called for an international effort to prevent future economic meltdowns.
President Obama pressed other leaders Friday to join him in backing stronger rules against banking abuses but made little headway in his call for more stimulus.
Sixty years ago, on the early morning of June 25, 1950, communist North Korea invaded the Republic of Korea. The Korean War would test our will and commitment to defend our freedom in the face of communist aggression. The Korean War was the first large-scale military confrontation to take place since the start of the Cold War; it would be known as one of the deadliest wars of the 20th century.
The two Koreas commemorated the 60th anniversary Friday of the outbreak of the Korean War, promoting vastly different views of the origins of the conflict that still divides their peninsula.
North Korea threatened Thursday to increase punishment for an American who was sentenced to hard labor for illegally entering the country, citing what it called a hostile U.S. policy toward it.