News 

North Korea has most modern-day slaves in the world, report reveals, as rights abuses laid bare

“North Korea has the largest number of modern-day slaves in the world, with just over one in 10 of the population subjected to forced labour at the hands of the repressive state” writes Nicola Smith for telegraph.co.uk. The shocking abuse, which includes young schoolchildren being coerced into exhausting manual work, is outlined on Thursday in the newly released 2018 Global Slavery Index, the largest survey in the world of human slavery and forced marriage. Source: telegraph.co.uk Share This:

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Warship ‘carrying $130 BILLION worth of GOLD’ found off SKorea…

“The gold reserves of various other ships that were damaged in the battle could have been transported to the warship as well” writes Laura Mowat for express.co.uk. The warship would have taken part in the Battle of Tsushima which saw Russia defeated by Japanese warships.It is thought that the battle ship, which was discovered off the island of Ulleungdo, was sunken during the Russo-Japanese War and could have had the gold of an entire flotilla on board. Source: express.co.uk Share This:

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South Korea slashes jobs outlook, downgrades growth forecast

“In June, South Korea added 106,000 jobs, compared with the 302,000 jobs added in June 2017” writes The Associated Press for seattletimes.com. The official growth forecast was lowered to 2.9 percent for this year from the 3.0 percent forecast in December.SEOUL, South Korea (AP) — South Korea’s government dramatically cut its outlook on the job market while downgrading its growth forecast Wednesday, boding ill for President Moon Jae-in’s jobs-first agenda.The Finance Ministry said South Korea’s economy will create a mere 180,000 jobs this year, down from the 320,000 jobs it…

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A key House Republican is planning legislation imposing new sanctions on major Chinese banks and other entities that help North Korea circumvent international sanctions.

“Congressional Republicans last year provided the administration with a list of Chinese banks implicated in money-laundering on behalf of North Korea” reports washingtonexaminer.com. For one thing, he hopes that sanctions saber-rattling will empower the Trump administration, as Congress plays a “bad cop” role.A key House Republican is planning legislation imposing new sanctions on major Chinese banks and other entities that help North Korea circumvent international sanctions. “How do you hold Russia and China accountable?” Rep.The Trump administration has vowed not to make such errors. Source: washingtonexaminer.com Share This:

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Crypto News 

Why South Korea is ‘crypto crazy’ and what that means for the rest of the world

“While government officials in South Korea hammer out and hopefully will soon define a regulatory framework for cryptocurrencies, the people and companies of South Korea have become the doers of the crypto world” writes Bernard Moon for venturebeat.com. South Korea is truly crypto crazy.South Korea has also been the worldwide leader in broadband technologies and adoption since the late ‘90s and the leader in wireless technologies and adoption. Source: venturebeat.com Share This:

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Moon presses Trump, Kim for breakthrough in nuke talks…

“Pyongyang for decades has been pushing a concept of “denuclearization” that bears no resemblance to the American definition, vowing to pursue nuclear development unless Washington removes its 28,500 troops from South Korea and the nuclear umbrella defending South Korea and Japan” writes Kim Tong-hyung for yahoo.com. Moon said at a forum in Singapore that Trump and Kim would “face the stern judgment of the international community” if their promises on denuclearization weren’t kept. Source: yahoo.com Share This:

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China’s June trade with North Korea falls by more than half

“Huang said Chinese exports to the North have declined for 11 straight months, while imports have declined for 10 months” writes The Associated Press for seattletimes.com. The trade curbs have remained in place despite diplomatic contacts including U.S. President Donald Trump’s June meeting with North Korean leader Kim Jong Un.BEIJING (AP) — China’s imports from North Korea plunged 92.6 percent in June compared with a year earlier under U.N. sanctions imposed to stop Pyongyang’s nuclear and missile programs, the customs agency said Friday. Source: seattletimes.com Share This:

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News Oil 

Nikki Haley unveils 89 examples of North Korea smuggling oil, calls for supply cutoff

“Resolution 2397, which passed in December of 2017, stipulates that North Korea can import only 500,000 barrels of oil annually” reports washingtonexaminer.com. China and Russia “must immediately stop” delivering oil to North Korea, U.S. Ambassador Nikki Haley demanded this week in a report that her team filed with the United Nations Security Council.”I am concerned cutting off the oil supply to North Korea may cause damage to people in hospitals or other ordinary citizens,” Russian President Vladimir Putin said at the time. Source: washingtonexaminer.com Share This:

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