Profile picture
Noon in Korea @NoonInKorea
, 8 tweets, 3 min read Read on Twitter
On the eve of SK Jaebol magnates departing for NK, US State Dept reminds visitors that, "We expect all member states to fully implement UN sanctions, including sectoral goods banned under UNSCR and expect all nations to take responsibilities seriously ..." voakorea.com/a/4573997.html
The State Dept used Moon's own words: “As Pres Moon has stated, “the improvement of relations between NK & SK cannot advance separately from resolving NK's nuke program.” But SK analysts point out that NK specifically requested Jaebol magnates to visit news.joins.com/article/229757…
NK let it known through channels they want owners of capital and decision-makers to visit. The specific areas of economic cooperation are: railroad & infrastructure, energy & power, IT, tourism. These Jaebol are conglomerates so they all have construction & engineering arms
In other words they're all positioned to cooperate (or profit) from joint ventures. Not shown in the pic above is Hyundai Grp CEO who's been at the forefront of inter-Korean projects: Hyun Jung-eun. Mt. Kumgang tourism is essentially Hyundai's pet project
fntimes.com/html/view.php?…
To understand the full story of Jaebol involvement, must understand what kind of rights Hyundai negotiated back in 2000 during KDJ days. Hyundai-Asan purchased a boatload of exclusive (i.e., monopoly) rights on umpteen NK projects and it had 1,100 employees devoted to them
Hyundai-Asan holds exclusive rights to develop certain power plants, telecom lines, railroads, Imjin River dams, Mt. Kumgang water rights, airport & tourism sites. Hyundai owns such developmental rights until 2030. Now it's 2018. The meter's ticking: 30 years are now down to 12
Those who know the inside story realize why she's at helm of Hyundai. Her hub threw himself from 12th floor when things went awry: he's buried at Mt. Kumgang. Aside from those NK projects that Hyundai has exclusive rights to, that's why she tries to visit
google.com/imgres?imgurl=…
Why should SK biz leaders waste time on NK? Well, at least for one there is some "sunk cost" investment with a time limit. That "time value" is important as it could expire worthless. For the rest, their construction arms want in on infrastructure projects
english.chosun.com/site/data/html…
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Noon in Korea
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @NoonInKorea see all

Profile picture
Donga reports an economic delegation composed of representatives of US agricultural & German mining businesses visited NK in late Sept. The German concern is interested in NK's magnesite/graphite reserves and US agro biz looked at investment opportunity
news.donga.com/List/PoliticsN…
The timing of this was late Sept when Pompeo's 4th visit had been decided and US-NK dialogue was ongoing. NK treated this economic delegation well. The US concern is supposedly the largest one that sells agro & animal protein prods (Cargill, Tyson Foods?)
sedaily.com/NewsView/1S5Y4…
Front page news in SK courtesy of Donga. NK is known to have rather large mineral reserves other than just coal: copper, lead, iron ore, tungsten plus rare earth/rare metal elements like molybdenum. SK estimates it's worth $3.6 trillion (on the low side) imnews.imbc.com/replay/2018/nw…
Read 7 tweets
Profile picture
Foreign Minister Kang in another mini-controversy after Japan's Nihon-Kezai reports SoS Pompeo "blew up on her" after learning about the military agreement signed by SK and NK at the Pyongyang summit. N-K quotes Pompeo, "What do you think you're doing?"
news.joins.com/article/230344…
N-K: "There was no prior discussion about the nature of the military agreement SK struck with NK." Pompeo was said to be particularly upset about the 'no fly zone' established within proximity of MDL. US reconnaissance planes regularly fly near the area for surveillance of NK
Kang pretty much acknowledged something like that happened when asked about it at the National Assembly: "I wouldn't characterize it as 'furious' or 'blew up' but there was dissatisfaction re not being fully informed. So yes, I was asked a lot of questions"
Read 8 tweets
Profile picture
Japan declines to attend a naval event in Jeju after repeated calls by SK not to arrive with its Rising Sun Flag symbolizing Imperial Japan. However the real reason why it chose not to attend is more intricate.
koreaherald.com/view.php?ud=20…
What happened is SK kept telling Japan's Embassy and Defense Minister that only the national flag should be flown. But Japan insisted it will come bearing the Rising Sun Flag. Then apparently SK NSA Chung and new Defense Minister Jung came up with a ploy
english.yonhapnews.co.kr/national/2018/…
They leaked news that the lead vessel of the host country may switch to ROKS Dokdo, which is the largest SK navy vessel. Dokdo is an island but also the name of this LPH-class amphibious vessel with a platform that can launch helis, Ospreys and even VTOLs
Read 6 tweets

Related threads

Profile picture
💥Nothing to see here folks!!! 💥
Just “THE #UN GLOBAL PACT FOR MIGRATION” 😱 - that’s right, because they have a right to go where ever they want, and 👉🏻WE👈🏻 are Expected to FUND This Insidious Dark Agenda... 😖
👉🏻 @realDonaldTrump @GenFlynn #QAnon
2/ Document Attached 👇🏻 🙄
Tell me the #Caravan isn’t being Funded by The United Nations too...
This is your hard earned tax payer dollars at work Folks 🤦‍♀️
STILL THINK THE #UN ARE PEACE KEEPERS?!? WAKE UP!!!

👉🏻 refugeesmigrants.un.org/sites/default/…
3/. UNITED NATIONS CAUGHT FUNDING THE #CARAVAN???
👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
Read 12 tweets
Profile picture
DPRK Maritime Insurance Workshop

@drawandstrike @HNIJohnMiller @catesduane @rising_serpent @Debradelai @GodlessNZ @almostjingo @tracybeanz @TheChiIIum @hfinch63

state.gov/r/pa/prs/ps/20…
Today, the United States and the United Kingdom met in London with industry leaders from maritime insurance companies, commodity traders, and other relevant parties, to discuss steps the private sector can take to prevent illicit shipping, trade,
and other sanctions evasion activities that North Korea uses to generate revenue for its UN-prohibited nuclear and missile programs. North Korea continues to rely heavily on illicit shipping activities to evade UN sanctions.
Read 13 tweets
Profile picture
DPRK Maritime Insurance Workshop state.gov/r/pa/prs/ps/20… (from @StateDept)
Today, the United States and the United Kingdom met in London with industry leaders from maritime insurance companies, commodity traders, and other relevant parties, to discuss steps the private sector can take to prevent illicit shipping, trade, and other sanctions evasion
activities that North Korea uses to generate revenue for its UN-prohibited nuclear and missile programs. North Korea continues to rely heavily on illicit shipping activities to evade UN sanctions. To that end, the United States and the United Kingdom are committed to working with
Read 14 tweets
Profile picture
001/ [article content in this tweet series 001-180 reproduced with permission from Martin Howe QC of Lawyers for Britain @lawyers4britain]
#quote "Leaving the EU on WTO terms: pulling down the barriers to world trade
Introduction: why prices will FALL after Brexit, not rise" /002
002/ #quote "Over the past couple of weeks, the media have been full of lurid scare stories about what will happen if the UK leaves the EU on WTO terms, because negotiations with the EU do not result in a withdrawal agreement." /003
#tariffs #NoDeal #Brexit #WTO #ProjectFear #shortages #food #medicines
003/ #quote "One of the most ridiculous and UNJUSTIFIED of these absurd scare stories is that it will lead to higher prices, and even shortages, of foods and medicines." /004
Read 180 tweets
Profile picture
1 NEW Q on Monday🇺🇸
#Grassley/#PlannedParenthood 💥
Apr 23 2018 21:56:53 (EST) Q !xowAT4Z3VQ ID: ac300a 1164847 NEW
grassley.senate.gov/news/news-rele…

foxnews.com/politics/2017/…
Coming soon.
Q

#MAGA #QAnon #QanonPosts #Qanon4chan #WeHaveEverything #TrustThePlan #Qanon8chan #GreatAwakening
2 NEW Q on Monday🇺🇸
#Grassley/#PlannedParenthood #RedCross💥

Future Proves Past 🧐
Where Does All The Money Go??🤔
500 million=6 houses??🙄

#MAGA #QAnon #QanonPosts #Qanon4chan #WeHaveEverything #TrustThePlan #Qanon8chan #GreatAwakening #Haiti
3 NEW Q Early Tuesday🇺🇸
Hey @NBCNews @CBSNews @abcnews 🤡what gives???

#MSM refuses to report, anyone surprised??🙄 #Soon

#MAGA #QAnon #QanonPosts #Qanon4chan #WeHaveEverything #TrustThePlan #Qanon8chan #GreatAwakening #AdamSchiff #MockingbirdMedia #FakeNews
Read 174 tweets
Profile picture
Critically ill Russian national is 66yo Sergei Skripal, former intel colonel/double agent granted refuge in UK after a 2010 "spy swap" between US & Russia. He and a woman were apparently poisoned in/near Salisbury shopping center. bbc.in/2D2oj7X
Ex-Russian spy & daughter 'poisoned' in UK sparks fears of another Kremlin-backed hit. Investigators scrambling to identify the chemical used. Skripal feared for his life after his wife died in a car crash & his son was killed in a road incident.. thesun.co.uk/news/5733372/s…
UK warns Kremlin over poisoning of ex-spy Skripal & his daughter. Recalling Litvinenko murder, FM Johnson said UK was "in the lead across the world" in trying to counteract a "host of malign activity" by Russia.

Skripal's brother, son & wife have been killed in the last 2 year.
Read 76 tweets

Trending hashtags

#lock #beef #Graham #poultry #footwear #لابديل_عن_إسقاط_النظام #USAID #UN #MuellerIsComing #Israel #discrimination #McCain #sanctions #Qatar #Kayne #RedCross #Afghanistan #quote #EU #snowflake #Iran #Manbij #SalisburyChemicalAttack #TBT #repatriation

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!