Economy / South Korea
South Korea
July 2011 | Risk SummaryNorth Korea's First Vice Foreign Minister visited New York to begin exploratory talks on the possible denuclearisation of North Korea. This comes on the back of a surprise meeting on the sidelines of a security conference in Indonesia between officials from both sides of the Korean Peninsula. Tensions between the two Koreas were at its highest following the Cheonan and Yeonpyeong incidents. Although we remain optimistic of the outcome, we caution that negotiations over such a sensitive topic typically run over a protracted period and are we do not expect a quick resolution to the
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