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Showing posts with the label South Korea

65-Years After: North and South Korea announces end cease fire

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The North and South Korea have announced an end to the Korean war and will sign a peace treaty to formally end the Korean War later this year, 65 years after hostilities ceased, the two countries announced in a joint declaration moments ago. The document, formally called the “Panmunjom Declaration for Peace, Prosperity and Unification on the Korean Peninsula,” was revealed after a full day of meetings and a 30-minute private conversation in the past hour between Kim Jong Un and Moon Jae-in.   “The two leaders solemnly declare that there will be no more war on the Korean Peninsula and a new era of peace has begun,” the declaration said. Fighting in the Korean War ended in 1953 in stalemate, after which an armistice agreement was signed. But a peace treaty never followed, and the two sides are still technically at war.   “There will not be any more war on the Korean Peninsula, a new era of peace has begun. Chairman Kim Jong Un and I have agreed that complete denuclearization w

Impeached South Korean President,Park Geun-hye To Spend 24-years In Prison Over Abuse Of Power&Corruption

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Straight to prison. Former South Korean President, Park Geun-hye, has been found guilty of abuse of power and bribery and jailed for 24 years.   The Seoul Central District Court pronounced both the guilty verdict and sentencing  today on live television. Park was absent in court, but her flag-waving supporters gathered outside. Park, the daughter of assassinated dictator Park Chung-hee, faced a total of 18 charges. The court ruled that Park colluded with her old friend, Choi Soon-sil, to receive tens of billions of won from major conglomerates such as Samsung and Lotte to help Choi’s family and fund non-profit foundations owned by her.   Prosecutors sought a 30-year sentence and a 118.5 billion won ($112 million) fine for Park, after indicting her on charges that included bribery, abuse of power and coercion. Park was impeached and arrested in March 2017. The spectacular fall from grace of a former conservative icon who cast herself in the role of an incorruptible “D