Authored by Michael Brady via The Strategic Culture Foundation,
On June 5, South Korean President Moon Jai-in ordered an environmental impact assessment in the area where four additional Terminal High Altitude Area Defense (THAAD) launchers were to be deployed. THAAD is a mobile system capable of hitting ballistic missiles inside or outside the atmosphere in their final, or terminal, phase.
In a stunning blow for US diplomacy in the Pacific rim region, Yonhap reported that South Korea’s newly elected president, Moon Jae-in said he has suspended the deployment of American THAAD anti-missile defense system, a major concession to China and a significant break with the United States on policy toward North Korea.
In recent weeks it has been Japanese demand (and notable premia) that has driven the exponential rise in Bitcoin, but recently, as CoinTelegraph reports, it has been South Korea. Overenight saw Bitcoin prices explode once again, smashing through $2500, $2600, and $2700 for the first time...
Authored by Federico Pieraccini via The Strategic Culture Foundation,
With Moon Jae-In’s victory in South Korea, the period of tension on the Korean Peninsula is likely to end. With the rise to power of the new president, South Korea can expect a sharp decline in hostilities with North Korea as well as a resumption of dialogue with China.
After North Korea provoked both its neighbors and the US when on Sunday morning it fired off yet another ballistic missile from Kusong near the border with China - one which this time did not explode upon launch - just days after the election of a new South Korean president who ironically advocates more engagement with Pyongyang, experts said the missile appeared to be a new type of ballistic missile, and had a far greater range than any other weapon North Korea has successfully launched.