UN report: North Korea stole $300m in crypto to fund nuclear programmes

North Korea has stolen more than $300 million worth of cryptocurrencies through cyberattacks in recent months to support its banned nuclear and ballistic missile programmes, a confidential UN report said. Compiled by a panel of experts monitoring sanctions on Pyongyang, the report said the country’s “total theft of virtual assets from 2019 to November 2020… Continue reading UN report: North Korea stole $300m in crypto to fund nuclear programmes

Iran, N. Korea resumed missile collaboration in 2020: UN report

North Korea and Iran resumed cooperation on the development of long-range missiles in 2020, according to a UN report that also confirmed Pyongyang continues to violate various nuclear resolutions. The annual report, produced by an independent panel of UN experts, was submitted to the Security Council on Monday and seen by AFP. It said Tehran… Continue reading Iran, N. Korea resumed missile collaboration in 2020: UN report

Hyundai makes robust domestic sales, net profit jumps 78 percent

South Korean automaker Hyundai Motor defied the coronavirus pandemic to post a surprise 78 percent surge in fourth-quarter profits Tuesday, as robust domestic sales offset weak overseas demand. Net profit in the October-December period jumped to 1.38 trillion won ($1.24 billion) from 772 billion won a year earlier, Hyundai, which along with its affiliate Kia… Continue reading Hyundai makes robust domestic sales, net profit jumps 78 percent

Vice-chairman of Samsung found guilty of bribery and embezzlement

The de facto chief of South Korea’s Samsung business empire was convicted Monday over a huge corruption scandal and jailed for two and a half years, in a ruling that deprives the tech giant of its top decision-maker. Lee Jae-Yong, vice-chairman of Samsung Electronics, the world’s biggest smartphone and memory chip maker, was found guilty… Continue reading Vice-chairman of Samsung found guilty of bribery and embezzlement

North Korea’s Kim says US is nation’s “biggest enemy”

North Korean leader Kim Jong Un said the United States is his nuclear-armed nation’s “biggest enemy”, state media reported Saturday, as he threw down the diplomatic gauntlet to the incoming administration of Joe Biden. The declaration comes less than two weeks ahead of the new US president’s inauguration and after a tumultuous relationship between Kim… Continue reading North Korea’s Kim says US is nation’s “biggest enemy”

North Korea’s Kim vows to strengthen nuclear capabilities

North Korean leader Kim Jong Un vowed to strengthen his nuclear-armed nation’s military capabilities at a key ruling party meeting, state media reported Thursday, just weeks before Joe Biden’s inauguration as US president. In his work report to the Workers’ Party congress, Kim pledged to place “the state defence capabilities on a much higher level,… Continue reading North Korea’s Kim vows to strengthen nuclear capabilities

US denounces China on North Korea sanctions as Trump hopes fade

The United States on Tuesday sharply criticized China for not enforcing sanctions on North Korea and vowed to step up its own efforts, as hopes fade for a last-minute breakthrough under outgoing President Donald Trump. The State Department launched a new website, DPRKrewards.com, that will offer payouts of up to $5 million for tips to… Continue reading US denounces China on North Korea sanctions as Trump hopes fade

North Korea hosts rare Worker’s Party congress

Leader of North Korea Kim Jong Un has called a rare congress of the ruling Workers’ Party for January to address policy “shortcomings” and layout a new five-year plan for the isolated nation’s moribund economy. Kim made the announcement at a full meeting of the party’s central committee on Wednesday, where he “assessed achievements and… Continue reading North Korea hosts rare Worker’s Party congress

First virus case in North Korea: it will be “looking to blame South Korea” say analysts

North Korea is seizing on the return of a defector from the South to point the finger at Seoul for the arrival of coronavirus in the country after months of denying it had any cases, analysts said Monday. Pyongyang imposed a lockdown on the border city of Kaesong, saying it had found a suspected COVID-19… Continue reading First virus case in North Korea: it will be “looking to blame South Korea” say analysts