■ Current account deficit in August for the first time in 14 years… Samsung earnings plunged
The current account was in the red for the first time in 14 years in August. This is because exports are slow and imports of raw materials have increased. As semiconductor sales fell, Samsung Electronics, Korea’s largest company by market cap, saw its operating profit fall by more than 30% in the third quarter.
■ “Consideration to cancel ‘9/19 Agreement’ in case of North Korean nuclear test”
If North Korea goes ahead with a nuclear test, the people’s power has argued that it should consider canceling the 9/19 inter-Korean military agreement. President Yoon Seok-yeol replied, “It’s hard to say in advance” to the related question, but he doesn’t seem to close the possibility.
■ The US Treasury Department imposes sanctions on individuals and companies that procure oil from North Korea
The US Treasury has imposed additional sanctions on North Korea. Two individuals and three businesses involved in the export of oil to North Korea were placed on the sanctions list, and were deemed to have directly supported the development of North Korea’s weapons programme.
■ Accelerating competition for power… Lee Jun-seok’s next general election is unclear
The power of the people who sighed with the court’s decision to dismiss the injunction shows that the competition for the next party is accelerating. Former Chairman Lee Jun-seok, who received an additional year’s suspension from party membership, has more or less made it difficult for him to run for the next general election.
■ Nobel Peace Prize for Ukrainian human rights groups, etc… anti-putin keynote
This year’s Nobel Peace Prize was shared by a human rights activist from Belarus and two human rights groups from Russia and Ukraine. All were recognized for their efforts for human rights and peace against Russia and the pro-Russian dictatorship.
#Count account # Inter-Korean military agreement 9/19 #US Treasury_Export oil to North Korea_Sanctions list #NobelPeacePrize
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