logo
  Join        Login             Stock Quote

Seoul expects tough action on North Korea

Tuesday, March 5, 2013 9:07 AM


UNITED NATIONS, March 5 (UPI) -- A South Korean Foreign Ministry spokesman said Tuesday that he expected the U.N. Security Council to pass tough new sanctions against North Korea.

Spokesman Cho Tai-young said Tuesday that "significant progress" has been made on potential sanctions in response to Pyongyang's decision last month to conduct its third underground nuclear test, the Yonhap news agency reports.

"I expect a U.N. Security Council resolution this time to be tougher than Resolution 2087," he said, referring to sanctions that followed a December rocket launch.

Cho said South Korean and U.S. diplomats were negotiating the terms of a possible Chapter VII resolution, which would authorize the Security Council to use force to ensure compliance.

A senior diplomat confirmed, on condition of anonymity, that China was on board with draft resolutions under consideration by the Security Council.

Pyongyang said it would pull out of the 1953 armistice that suspended the Korean War unless the United States and South Korea hold off on military drills.

The North Korean government said its February nuclear test was part of a campaign against the United States. The rocket used to orbit a satellite in December had a range long enough to reach the U.S. West Coast.

(Source: UPI )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.