China and South Korea back United Nations sanctions on North Korea

Speaking on condition of anonymity because of the sensitivity of the issue, he said China believes the next few months will be a very delicate time during which all sides need to be prepared for more actions by North Korea.

China’s top nuclear envoy is expected to continue discussions with South Korean officials, including Unification Minister Hong Yong-pyo on Tuesday, before returning to China on Thursday.

Wu “greatly emphasized that China values the strategic cooperative partnership between South Korea and China”, a ministry official told reporters on the condition of anonymity.

Finance Minister Yoo said the country will start fresh talks for a currency swap with the United States.

He called Washington’s shift in position a “flipping [of] the script”. Representative Wu expressed serious concerns over the possible United States deployment of a THAAD missile system in South Korea.

South Korean factories that were forced to halt operations in North Korea’s Kaesong Industrial Complex are asking the Seoul government to compensate them for their losses.

The United States on Monday strongly disavowed any link between its consultations with South Korea about the THAAD missile defense system and its cooperation with China in efforts to adopt a new package of sanctions on North Korea.

When announcing the closure of the Kaesong complex, South Korean President Park Geun-hye said the government would offer aid and support to the affected companies.

“After the Security Council sanctions land a punch, there is a means for North Korea to come out toward dialogue”, Cha Du-hyeon said.

The closure of the faculty put 54,000 North Korean employees out of work and cut off the flow of about $100 million a year into North Korea.