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Aug 25, 2015

North, South Korea reach agreement to ease tensions

SEOUL (Reuters) – North and South Korea agreed early on Tuesday to end a military standoff that sparked an exchange of artillery fire and had ratcheted up tension on one of the world’s most heavily-fortified borders.

Under an accord reached in the early hours, following more than two days of talks, North Korea expressed regret over the recent wounding of South Korean soldiers in landmine blasts and Seoul agreed to halt anti-Pyongyang propaganda broadcasts.

Aug 24, 2015

North, South Korea in marathon talks in effort to ease tension

SEOUL (Reuters) – Top negotiators from North and South Korea talked through a second consecutive night and into Monday morning in a marathon bid to defuse tensions that have brought the peninsula to the brink of armed conflict.

The talks at the Panmunjom truce village inside the Demilitarised Zone (DMZ) began on Saturday evening, shortly after North Korea’s deadline passed for Seoul to halt anti-Pyongyang propaganda broadcasts or face military action.

Aug 23, 2015

North, South Korea talk all night, to resume Sunday, in bid to end standoff

SEOUL (Reuters) – Top aides to the leaders of North and South Korea were due to resume talks on Sunday after negotiating through the night in a bid to ease tensions that brought the peninsula to the brink of armed conflict.

The meeting at the Panmunjom truce village inside the Demilitarised Zone (DMZ) began on Saturday evening, shortly after North Korea’s deadline for Seoul to halt anti-Pyongyang propaganda broadcasts or face military action, and broke before dawn on Sunday.

Aug 22, 2015

South Korea ready to respond to further ‘provocations’ as North’s deadline looms

SEOUL (Reuters) – South Korea stands ready to respond to further provocations from North Korea, the presidential Blue House said on Saturday, as an ultimatum loomed for Seoul to halt anti-Pyongyang propaganda broadcasts by late afternoon or face military action.

Tension on the Korean peninsula has been running high after an exchange of artillery fire on Thursday, prompting calls for calm from the United Nations, the United States and the North’s lone major ally, China.

Aug 21, 2015

North Korea orders troops on war footing after exchange of fire with South

SEOUL (Reuters) – North Korean leader Kim Jong Un ordered his troops onto a war footing from 5 p.m on Friday after Pyongyang issued an ultimatum to Seoul to halt anti-North propaganda broadcasts by Saturday afternoon or face military action.

Tension on the divided peninsula escalated on Thursday when North Korea fired shells into South Korea to protest against the loudspeaker broadcasts from the Korean border. The South responded with its own artillery barrage.

Aug 21, 2015

Tensions rise as North and South Korea exchange fire

SEOUL (Reuters) – South Korea fired a barrage of artillery rounds into North Korea on Thursday after the North shelled across the border to protest against anti-Pyongyang propaganda broadcasts by Seoul, moves that raised tensions on the divided peninsula.

Washington urged Pyongyang to halt any “provocative” actions in the wake of the first exchange of fire between the two Koreas since last October. Both sides said there were no casualties or damage in their territory.

Aug 20, 2015

South Korea fires rounds at North in response to projectile

SEOUL (Reuters) – South Korea fired tens of artillery rounds towards North Korea on Thursday after the North fired a projectile towards a South Korean loudspeaker that had been blaring anti-Pyongyang broadcasts, the defense ministry in Seoul said.

North Korea did not immediately respond to the South’s shots, it said, as tensions rose on the peninsula.

Aug 20, 2015

South Korea fires rounds at North in response to suspected projectile

SEOUL (Reuters) – South Korea fired tens of artillery rounds towards North Korea on Thursday after the North fired a projectile towards a South Korean loudspeaker that had been blaring anti-Pyongyang broadcasts, the defense ministry in Seoul said.

North Korea did not immediately respond to the South’s shots, it said, as tensions rose on the peninsula.

Aug 15, 2015

North Korea demands South halt loudspeaker broadcasts, threatens action

SEOUL (Reuters) – North Korea on Saturday demanded that the South halt anti-North propaganda broadcasts via loudspeakers along the border or face military action, a day after it denied Seoul’s accusation that it planted landmines that wounded two South Korean soldiers.

Tension on the Korean peninsula has escalated since the landmine explosion last week and as the U.S. and South Korean militaries prepare to begin annual joint exercises.

Jul 15, 2015

Asia Inc looks to post-sanctions Iran for demand spurt

SEOUL/NEW DELHI (Reuters) – From steelmakers to construction firms, industrial companies in Asia hope an end to sanctions in Iran can provide a new source of sorely-needed demand.

South Korean steelmaker POSCO has been in touch with Iranian firms seeking to do business with it once sanctions are lifted, and Indian industrial conglomerate Larsen & Toubro is eyeing opportunities in oil and gas extraction projects following Tuesday’s nuclear deal.