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North Korea

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  • North Korea - Open for Business? Wednesday, 27 Oct 2010 | 8:07 PM ET
    The statue of the leader Kim Il-Sung is the first obligatory visit of organized tourist circuit in Pyongyang,North Korea, for the North Korean it is a place of pilgrimage photographed on the 15th of April 2007.

    The growing presence of foreign businesses in the country shows the so-called ‘hermit state’ isn’t as isolated as most people think.

  • A Capitalist Enclave in North Korea Survives Wednesday, 27 Oct 2010 | 8:03 PM ET
    South Korean Navy Patrol Combat Corvettes stage an anti-submarine exercise at off the western coast town of Taean on May 27, 2010. South Korea's navy staged a major anti-submarine exercise, its first show of strength since tensions with North Korea flared over the sinking of one of Seoul's warships.

    Every day, hundreds of South Korean managers and engineers gather here at the steel and glass bus terminal to make an unusual commute, through the minefields and tank traps of the demilitarized zone and into an industrial park that sits just across the border in North Korea.

  • North Korea Takes to Social Networking Wednesday, 18 Aug 2010 | 10:15 AM ET
    @Uriminzok, a Twitter account believed to be updated by the North Korean government.

    North Korea has turned to Twitter and YouTube to step up its propaganda struggle with South Korea and the US as the isolated state comes under growing international pressure since the sinking of a southern warship. The FT reports.

  • Chinese Premier Wen Jiabao walks with South Korean president Lee Myung-Bak.

    China’s premier Wen Jiabao said during a visit to Seoul on Friday that China would not protect whoever sank a South Korean warship in March, offering South Korea some encouragement that Beijing might not block moves to punish North Korea at the United Nations Security Council for killing 46 sailors.

  • Dow Ends Lower But Erases Most Losses Tuesday, 25 May 2010 | 4:03 PM ET

    Stocks erased most of their earlier losses in the final half-hour of trading Tuesday as materials and consumer discretionary stocks advanced.

  • Is a Second Half Slowdown in the Cards? Tuesday, 25 May 2010 | 1:10 PM ET

    Stocks are getting battered across-the-board yet again today, with all of the major U.S. stock indices down 2 percent as of this writing. The Dow is down over 1300 points, or 12 percent, from its recent April 23rd high.

  • Fears Over Spain Banks, Korea Slam Futures Tuesday, 25 May 2010 | 7:05 AM ET

    Stock index futures pointed to a sharp decline Tuesday, while European and Asian shares dived as well, amid ongoing sovereign debt concerns and new worries about tensions between North and South Korea.

  • N. Korea Revalues Won, Wipes Out Savings: Report Wednesday, 2 Dec 2009 | 9:19 AM ET
    North Korean leader Kim Jong Il

    North Korea's government revalued the country's currency but restricted severely the amount of old bills that can be changed for the new ones, wiping out personal savings, the Washington Post reported Wednesday.

  • The Globalization of Health Care Wednesday, 21 Oct 2009 | 3:01 PM ET
    While the government battles over a health care plan, many companies are taking matters into their own hands - finding solutions that they hope will bring their employees high quality medical care  substantial savings to their bottom line.  One such solution - sending workers overseas for major medical care, a burgeoning field known as "international surgical travel" or "medical tourism."

    While the government battles over a health care plan, many companies are taking matters into their own hands.

  • Clinton Brushes off N.Korea Missile Launch Reports Monday, 12 Oct 2009 | 10:48 AM ET
    Secretary of State Hillary Rodham Clinton (AP Photo/Charlie Neibergall)

    The United States will continue working for a nuclear-free Korean peninsula regardless of reports that North Korea launched missiles on Monday, Secretary of State Hillary Clinton said.

  • North Korea has shut down its largest wholesale market because of its apparent concern that big markets spread capitalist influence, a South Korean monitoring group said Monday.

  • North Korea to Reopen Border With South Sunday, 16 Aug 2009 | 5:04 PM ET
    Korea, Korean Flag

    North Korea, whose relations with South Korea have turned increasingly bitter, said on Monday it had agreed to reopen its border to its neighbor and allow tourism and family reunions to resume.

  • Busch: Not Gore, Clinton!  Wednesday, 5 Aug 2009 | 12:21 PM ET
    Former U.S. President Bill Clinton seen speaking during the inaugural Rural Summit in Washington, DC

    The big foreign policy news overnight is that the other Clinton (Bill) had foreign policy success for the Obama administration. After meeting with the supreme leader Kim Jong-Il, our former President brought home the two reporters who were being held in North Korea.

  • Italy Blocks Sale of Yachts Bound for North Korea Friday, 24 Jul 2009 | 3:39 AM ET
    North Korean leader Kim Jong Il

    Italy has blocked the nearly euro13-million ($18-million) sale of two luxury yachts believed to have been bound for the impoverished nation of North Korea in violation of international sanctions, authorities said Thursday.

  • Obama: Too Many Jobs Lost, 'Deeply Concerned' Thursday, 2 Jul 2009 | 1:46 PM ET
    Barack Obama

    With joblessness rising, President Barack Obama said Thursday he was "deeply concerned" about unemployment and conceded that too many families are worried about "whether they will be next" to suffer economically.

  • Obama, Lee Warn North Korea; Missile on the Move Wednesday, 17 Jun 2009 | 12:10 AM ET
    Roh Moo-hyun Kim Jong Il

    The leaders of South Korea and the United States told North Korea to drop its atomic ambitions and stop threatening the region while media reports on Wednesday said Pyongyang was moving ahead with plans to launch a long-range missile.

  • Market Tips: North Korea Tests Make Gold a 'Buy' Wednesday, 27 May 2009 | 5:06 AM ET

    Global stocks rallied Wednesday after cautious trading the previous day as North Korea reportedly test-fired missiles, increasing the threat of political risk. Experts tell CNBC how they are investing during turbulent times.

  • North Korea Throws Temper Tantrum: Analyst Monday, 6 Apr 2009 | 1:40 AM ET

    North Korea's launch of a multi-stage rocket Sunday, which flew over Japan before splashing down in the Pacific Ocean, was effectively a test of a ballistic missile designed to carry a warhead as far as the U.S. state of Alaska.

  • Experts Predict: Another Round of Rate Cuts Thursday, 8 Jan 2009 | 6:02 AM ET

    Ahead of the Bank of England's interest rate decision Thursday, where the central bank is widely expected to cut rates by 50 basis points, experts tell CNBC to expect another round of rate cuts worldwide.

  • White House to Lift North Korea Trade Sanctions Thursday, 26 Jun 2008 | 8:33 AM ET
    Roh Moo-hyun Kim Jong Il

    President Bush said Thursday he will lift key trade sanctions against North Korea and remove it from the U.S. terrorism blacklist, a remarkable turnaround in policy toward the communist regime he once branded as part of an "axis of evil."