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Latest South Korea Items
The Obama administration urged China to press North Korea to halt provocative actions against South Korea, after an artillery attack on the South that the U.S. called a "premeditated" violation of the truce that ended the Korean War.
President Obama and his South Korean counterpart Lee Myung-bak have pledged to hold joint military exercises and enhanced training after North Korea's military forces fired artillery against a South Korean island, prompting the South's forces to return fire.
North and South Korea exchanged artillery fire Tuesday after the North shelled an island near their disputed sea border, killing at least two South Korean marines, setting dozens of buildings ablaze and sending civilians fleeing for shelter.
Stocks fell early Tuesday after North Korea and South Korea exchanged artillery fire near their disputed sea border, killing at least two South Korean marines. Treasury prices and the dollar rose as investors sought safe places to park money.
China must respond firmly to a violation by North Korea of commitments made by Pyongyang during the course of six-party nuclear negotiations, present and former U.S. officials said on Monday.
In secret and with remarkable speed, North Korea has built a new, highly sophisticated facility to enrich uranium, according to an American nuclear scientist, raising fears that the North is ramping up its atomic program despite international pressure.
The top U.S. envoy to North Korea on Monday said revelations that Pyongyang had made rapid advances in enriching uranium were the latest in a series of provocations over the past 20 years, but denied it was a crisis.
Federal Reserve Chairman Ben Bernanke has sought to defuse criticism of the Fed's $600 billion bond-purchase plan by arguing that it's needed to boost the economy and reduce unemployment. But he warned that the Fed's program can't succeed on its own.
Samsung will create a new organization to coordinate the group's sprawling businesses after a previous one was closed in 2008 amid a corruption scandal that rocked the massive conglomerate.