Trump Solves an Unsolvable Problem: North Korea

Trump Solves an Unsolvable Problem: North Korea

Trump Solves an Unsolvable Problem: North Korea

The historic summit between the leaders of North and South Korea has whetted the former’s appetite for investments from the US, according to a South Korean official, as quoted by the Daily Express.

After the two Koreas gave the go-ahead for a new era of peace, Chung-in Moon, special adviser to South Korean President Moon Jae-in, even suggested outlets of US fast food giant McDonalds could be opened in Pyongyang as soon as long-term tensions between North Korea and the West ease.

“They want American investment coming to North Korea. They welcome American sponsors and multilateral consortiums coming into North Korea,” he said in an interview with the media.

The official, who is in charge of foreign affairs and national security, added that even its own Trump Tower might appear in “modern” North Korea in the future.

The comments came shortly after the heads of the two neighboring nations held inter-Korean summit and pledged to achieve complete denuclearization of the Korean Peninsula. The two leaders agreed to hold multi-party negotiations, involving the US and China. Pyongyang and Seoul will also have high-level military talks later this month.

The North Korean leader is also expected to meet with US President Donald Trump in May. Reports emerged that the historic meeting may be held in either Singapore or Mongolia. Trump confirmed the event was being planned. “Things are going very well, time and location of meeting with North Korea is being set,” the president tweeted at the time.

US President Donald Trump tweeted that Secretary of State Mike Pompeo is returning from the Korean Peninsula with three freed political prisoners. Trump also said that the date for his meeting with Kim Jong-un has been set.

“I am pleased to inform you that Secretary of State Mike Pompeo is in the air and on his way back from North Korea with the 3 wonderful gentlemen that everyone is looking so forward to meeting. They seem to be in good health. Also, good meeting with Kim Jong Un. Date & Place set,” Trump tweeted Wednesday. The meeting is widely expected to take place in late May or early June.

Trump went on to add that former detainees, Korean-Americans Kim Hak-song, Tony Kim and Kim Dong-chul, would be touching down at Andrews Air Force Base in Maryland at approximately 2 am local time, where the president will greet them in person. He said that the men appeared to be in good health.

The South Korean government has welcomed the news of the prisoners’ release, saying it would have a “positive effect” on the upcoming summit between the US and North Korean leadership.

Seoul also called for the release of six South Korean detainees to “reinforce the reconciliation” between the two Koreas, according to Blue House spokesman Yoon Young-chan.

Meanwhile, US Defense Secretary James Mattis told the Senate that the withdrawal of US troops from the peninsula would be a sovereign decision of the US and South Korea, and therefore “not something that would be on the table in the initial negotiation.”

Kim Hak-song

Agricultural expert Kim Hak-song worked at the Pyongyang University of Science and Technology (PUST) teaching rice-farming techniques but was detained by the North Korean government on May 7, 2017, reportedly for “hostile acts.” Kim is a naturalized American citizen and studied at the University of California. Kim was also ordained as an evangelical Christian pastor in Los Angeles.

Tony Kim

Kim Sang-duk, AKA Tony Kim, also worked at PUST but was arrested on espionage charges as he attempted to leave the country just a month after he began working there. Before moving to North Korea, Kim studied accounting at two US universities before working in the profession for over a decade.

Kim Dong-chul

Kim Dong Chul was another naturalized US citizen arrested by the North Korean regime in October 2015 on spying charges. Kim told CNN in an interview that he was caught meeting a source to obtain a USB stick and camera to gather military secrets. The interview was conducted in the presence of a North Korean official and via a government translator.

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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