Korean leaders meet in Pyongyang for potentially tough talks

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South Korean President Moon Jae-in and North Korean leader Kim Jong Un hit the red carpet in Pyongyang. (Reuters)
Updated 18 September 2018
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Korean leaders meet in Pyongyang for potentially tough talks

  • Moon Jae-in: This summit would be very meaningful if it yielded a resumption of North Korea-US talks
  • North Korea has taken some steps, like dismantling its nuclear and rocket-engine testing sites, but US officials have said it must take more serious disarmament steps before receiving outside concessions

PYONGYANG, North Korea: South Korean President Moon Jae-in began his third summit with North Korean leader Kim Jong Un on Tuesday with possibly his hardest mission to date — brokering some kind of compromise to keep North Korea’s talks with Washington from imploding and pushing ahead with his own plans to expand economic cooperation and bring a stable peace to the Korean Peninsula.
Kim gave the South Korean president an exceedingly warm welcome, meeting him and his wife at Pyongyang’s airport — itself a very unusual gesture — then riding into town with Moon in an open limousine through streets lined with crowds of North Koreans, who cheered and waved the flag of their country and a blue-and-white flag that symbolizes Korean unity.
The made-for-television welcome is par for the course for Moon’s summits with Kim.
Hours after his arrival, Moon began an official summit with Kim at the ruling Workers’ Party headquarters. The two were joined by two of their top deputies — spy chief Suh Hoon and presidential security director Chung Eui-yong for Moon, and Kim Jong Un’s powerful sister, Kim Yo Jong, and senior Workers’ Party official Kim Yong Chol for the North Korean leader, according to Moon’s office.
At the start of their meeting, Kim thanked Moon for brokering a June summit with US President Donald Trump.
“It’s not too much to say that it’s Moon’s efforts that arranged a historic North Korea-US summit. Because of that, the regional political situation has been stabilized and more progress on North Korea-US ties is expected,” Kim said, according to South Korean media pool reports and Moon’s office.




Moon Jae-in and Kim Jong Un take centre stage at a performance. (Reuters)

Moon responded by expressing his own thanks to Kim for making a “bold decision” in a New Year’s speech to open a new era of detente and send a delegation to the South Korean Winter Olympics in February.
Even though tens of thousands of people had witnessed Moon’s drive into the city with their leader, the arrival was not broadcast or even mentioned on the evening and night news on North Korea’s central television network. The North often holds off reporting stories until it has had time to review and edit the video for maximum propaganda impact.
The results of the talks weren’t immediately available. Seoul officials earlier said they would focus on how to achieve denuclearization of the Korean Peninsula, decrease military tensions along their border and improve overall ties. The North’s media said the talks would reaffirm their commitment to Korean peace, unity and prosperity.
During a conversation at the Paekhwawon guest house where Moon was to stay, Kim said North Koreans hope diplomacy will yield positive results. “I think it was our people’s wish that we come up with good results as fast as we can,” Kim said, according to the media pool reports.
Moon responded that “Our hearts are fluttering, but at the same we have heavy hearts,” and added, “We have built trust and friendship between us, so I think all will be well.”
The two are to meet again on Wednesday.
More than in their previous encounters, when the mere fact of meeting and resuming a dialogue was seen as a major step forward, Moon is under pressure to leave Thursday with some concrete accomplishments.
One of Moon’s objectives — and one that also interests Kim — was clear from the people he took with him. Traveling on Moon’s government jet was Samsung scion Lee Jae-yong and other business leaders, underscoring Moon’s hopes to expand cross-border business projects. Currently, however, all major joint projects between the Koreas are stalled because of US-led sanctions.
But the nuclear issue was sure to cast a shadow over negotiations on joint projects.
Before leaving Seoul, Moon vowed to push for “irreversible, permanent peace” and for better dialogue between Pyongyang and Washington.

“This summit would be very meaningful if it yielded a resumption of North Korea-US talks,” Moon said Tuesday just before his departure. “It’s very important for South and North Korea to meet frequently, and we are turning to a phase where we can meet anytime we want.”
But as Moon arrived, the North’s main newspaper lobbed a rhetorical volley at Washington that could make Moon’s job all the more delicate, blaming the United States alone for the lack of progress in denuclearization talks.
“The US is totally to blame for the deadlocked DPRK-US negotiations,” the Rodong Sinmun said in an editorial, using the initials of the North’s formal name, the Democratic People’s Republic of Korea.
It said Washington is “stubbornly insisting” that the North dismantle its nuclear weapons first, an approach “which was rejected in the past DPRK-US dialogues,” while failing to show its will for confidence-building “including the declaration of the end of war which it had already pledged.”
While signaling his willingness to talk with Washington, Kim’s strategy has been to try to elbow the US away from Seoul so that the two Koreas can take the lead in deciding how to bring peace and stability to their peninsula. North Korea maintains that it has developed its nuclear weapons to the point that it can now defend itself against a potential US attack, and can now shift its focus to economic development and improved ties with the South.
Rarely do the North Korean official media even mention the word denuclearization.
Talks between the United States and North Korea have stalled since Kim’s meeting with Trump in Singapore in June.
North Korea has taken some steps, like dismantling its nuclear and rocket-engine testing sites, but US officials have said it must take more serious disarmament steps before receiving outside concessions. Trump has indicated he may be open to holding another summit to resuscitate the talks, however.
For Kim, the timing of this week’s summit is good.
North Korea just completed an elaborate celebration replete with a military parade and huge rallies across the country to mark its 70th anniversary. China, signaling its support for Kim’s recent diplomatic moves, sent its third-highest party official to those festivities. That’s important because China is the North’s biggest economic partner and is an important political counterbalance to the United States.
To keep expectations from getting too high, Moon’s chief of staff, Im Jong-seok, said it’s “difficult to have any optimistic outlook” for progress on denuclearization during the summit. But he said he still expects the summit to produce meaningful agreements.
Some progress along those lines is already underway.
South Korea last week opened a liaison office in the North’s city of Kaesong, near the Demilitarized Zone. Another possible area of agreement could be on a formal statement on ending the Korean War, which was halted in 1953 by what was intended to be a temporary armistice. Military officials have discussed possibly disarming a jointly controlled area at the Koreas’ shared border village, removing front-line guard posts and halting hostile acts along their sea boundary.
Moon is the third South Korean leader to visit North Korea’s capital for summits, but the first since 2007.​


Coinbase warns of up to $400 million hit from cyberattack

Updated 8 sec ago
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Coinbase warns of up to $400 million hit from cyberattack

  • Hackers bribed staff overseas
  • Company rejected $20 million ransom demand

Coinbase forecast a hit of $180 million to $400 million from a cyberattack that breached account data of a “small subset” of its customers, the crypto exchange said in a regulatory filing on Thursday.
The company received an email from an unknown threat actor on May 11, claiming to have information about certain customer accounts as well as internal documents.
While some data — including names, addresses and emails — was stolen, the hackers did not get access to login credentials or passwords, Coinbase said. It would, however, reimburse customers who were tricked into sending funds to the attackers.
Hackers had paid multiple contractors and employees working in support roles outside the US to collect information. The company had fired those involved, it said.
Separately, the US Securities and Exchange Commission had begun scrutinizing whether Coinbase had misstated its user figures, two sources familiar with the matter told Reuters.
The agency had also been interested in whether any inaccurate user data could indicate the company had inadequate know-your-customer compliance that is required of firms registered with the SEC, the sources said.
A Coinbase spokesperson denied the SEC was probing the company’s compliance with know-your-customer and Bank Secrecy Act rules.
Another source familiar with the matter said that the SEC did not directly ask questions about such compliance and that it would not be a relevant topic since the SEC
dropped a separate case
against Coinbase alleging the firm failed to register with the SEC.
The inquiry into Coinbase’s “verified user” metric had continued even after the SEC abandoned its other lawsuit, the source said. The New York Times first reported the investigation into user data from past disclosures.
Coinbase shares extended losses after the report and were last down 6.5 percent.
“This is a hold-over investigation from the prior administration about a metric we stopped reporting two and a half years ago, which was fully disclosed to the public,” Coinbase’s chief legal officer, Paul Grewal, said.
“While we strongly believe this investigation should not continue, we remain committed to working with the SEC to bring this matter to a close.”
The SEC declined to comment.

Cracks in crypto
The latest developments come days before the company is set to join the benchmark S&P 500 index, casting a shadow over what was expected to be a landmark moment for the crypto industry.
Security remains a challenge for the crypto industry despite its growing mainstream acceptance. In February, Bybit disclosed a hack in which around $1.5 billion of digital tokens were stolen — widely dubbed the biggest crypto heist of all time.
“The cyberattack may push the industry to adopt stricter employee vetting and introduce some reputational risks,” said Bo Pei, analyst at US Tiger Securities.
Funds stolen by hacking crypto platforms totaled $2.2 billion in 2024, according to a report from Chainalysis.
“As our nascent industry grows rapidly, it draws the eye of bad actors, who are becoming increasingly sophisticated in the scope of their attacks,” said Nick Jones, founder of crypto firm Zumo.
The firm now also faces a lawsuit, filed in the Southern District of New York, alleging the world’s largest crypto exchange failed to secure and safeguard personally identifiable information of millions of former and current customers, the filing showed.
Coinbase has refused to pay a ransom demand of $20 million from the attackers and is working with law enforcement agencies. It has instead established a $20 million reward for information on the hackers.
The company is also opening a new support hub in the US and taking other measures to prevent such cyberattacks, it said.


Republican House bill would jack up cost of US solar home systems, PV panel makers warn

Updated 42 min 28 sec ago
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Republican House bill would jack up cost of US solar home systems, PV panel makers warn

  • Proposed measure would scrap 30 percent tax credit for homeowners with solar panels
  • Bill aligned with Trump move to undo Biden-era clean energy program

Companies that put solar panels on US homes say a Republican budget bill advanced in Congress this week would deal a massive blow to the industry by eliminating a generous subsidy for homeowners that had buttressed the industry’s growth.
The bill would scrap a 30 percent federal credit for taxpayers who put up rooftop systems, stifling an industry that has grown ten-fold over the last decade and which now employs more than 100,000 workers, industry players said.
“It certainly is a giant setback,” said Charlie Hadlow, president of EnergySage, an online solar marketplace. “I have solar installers in our large network passing around the contact information for bankruptcy attorneys. That’s not alarmist, that’s happening.”
Many of the biggest residential solar markets are in states that voted for President Donald Trump, including Texas, Florida and Arizona, according to the Solar Energy Industries Association trade group.
The House of Representatives Ways and Means Committee voted this week to allow the 25D tax credit to expire at the end of this year, nine years earlier than planned, as part of a Republican effort to roll back subsidies from former President Joe Biden’s signature climate law, the Inflation Reduction Act.
A spokesperson for Republicans on the committee did not immediately respond to a request for comment.
The bill still has several hurdles to clear before getting a broad package of tax cuts, spending hikes and safety-net reductions through Congress.
The White House did not immediately respond to a request for comment. Trump wants to undo federal regulations and programs introduced by Biden that are aimed at expanding clean energy and combating climate change.
More than half of residential installations qualify for the 25D tax credit, according to EnergySage, which estimates that rooftop systems will be about $8,000 or $9,000 more expensive without it.
The subsidy has been critical for small installers whose customers pay cash or take out loans and then claim the credit on their tax returns.
For panels that are owned by a third party, such as a bank, and leased to homeowners, system owners are able to claim a separate tax credit that the House bill would leave in place until 2032 but start to phase out in 2029.
That market is dominated by large players like Sunrun.
“You want to just place a larger burden on the regular Joe who pays taxes? It doesn’t seem fair,” said Jack Ramsey, CEO of Altsys Solar in Tulare, California.
Ramsey anticipates cutting his nine-person staff to four or five people if the credit is eliminated.
At the end of 2024, the US boasted 36 gigawatts of residential solar capacity, up from 3 GW in 2014 and a level equivalent to a third of the nation’s nuclear power capacity.
Rooftop solar accounts for more than a third of solar industry jobs, according to the Interstate Renewable Energy Council.
Rob Kaercher, CEO of Absolute Solar in Lansing, Michigan, has 24 employees and wants to hire more, but will not if the credit goes away.
“I strongly urge the credits to be maintained, because it would do a tremendous amount for local businesses just like ours to be able to continue to hire and grow,” Kaercher told reporters.
The move to eliminate the credit caught many in the industry off guard.
Thomas Clark, the director of marketing and communications of Northstone Solar in Whitefish, Montana, met with staff from his state’s Congressional delegation in Washington earlier this year and came away from the meeting feeling the credit was safe.
“Obviously this happening so quickly after those meetings really hurts as a constituent,” Clark said.


Macron calls for peace in first talk with new pope

Updated 16 May 2025
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Macron calls for peace in first talk with new pope

PARIS: French President Emmanuel Macron said on Thursday he had called Pope Leo XIV and talked about efforts to reach peace in Ukraine and Gaza in his first conversation with the new pontiff.
In their “first exchange,” the pair “addressed the efforts to let the weapons fall silent wherever conflicts rage in the world, and in particular for a solid and lasting peace in Ukraine and Gaza,” Macron said on X.
“We share the ambition to reconcile the fight against poverty and the protection of the planet,” the French leader said, adding that he had “once again congratulated” the pontiff on his election as head of the Catholic Church last week.
While Macron is not scheduled to join the ranks of the world leaders attending Pope Leo’s inaugural mass in Rome on Sunday morning, France’s Prime Minister Francois Bayrou is due to attend.


Nigeria army head vows to counter jihadist attacks

Updated 16 May 2025
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Nigeria army head vows to counter jihadist attacks

MAIDUGURI, Nigeria: Nigeria’s top military officer on Thursday told troops in a region battling increased jihadist unrest that the attacks would be quickly resolved.
The Islamic State West Africa Province group and its rival Boko Haram have intensified assaults on military bases in recent weeks, notably in the northeastern state of Borno, epicenter of an insurgency dating back to 2009.
According to an AFP tally, at least 10 bases have been attacked in two months. At least 100 people, including civilians, were killed in attacks in April.
“Actions have been taken to ensure that we address the series of attacks,” chief of defense staff General Christopher Musa told troops in Borno’s capital Maiduguri, promising new material was being drafted in.
Musa said conflict in the Sahel states including Mali, Chad and Niger “has put a lot of pressure on Nigeria and that’s why you see recent attacks have occurred.”
“Whatever is going on is just for a short while,” he said.
Musa suggested fencing Nigeria’s borders, saying “there are countries that have fenced over a 1,500 kilometer (930 mile) stretch” — roughly the length of the Nigeria-Niger frontier.
While violence has fallen from its 2014-2015 peak, the governor of Borno recently warned that the military was losing ground to jihadists, and the latest attacks have put the conflict back in the spotlight.
More than 40,000 people have been killed and two million displaced in northeast Nigeria since 2009, according to the United Nations.
A Multinational Joint Task Force, a coalition created by Nigeria, Niger, Cameroon, Benin and Chad to fight cross-border armed groups, has been hampered by the withdrawal of Niger and threats by Chad to do the same.
According to a recent Nigerian intelligence report seen by AFP, there are also internal problems.
Late payment of salaries “has been a recurring problem,” particularly in the northeast, it said.
The report warned of “frustration and demotivation among security personnel, which could potentially lead to mutinies or unrest, if not urgently addressed.”
President Bola Tinubu this week called for the creation of a “forest guards” unit “to flush out terrorists and criminal gangs.”
Nigeria’s vast, often inaccessible forests have become havens for jihadist and armed criminal groups.
While the Nigerian army often works with local self-defense groups, questions remain over how the proposed forest guard be financed, work with existing security forces and even how long it would take to set up.


13 hurt when car plows into crowd before Spanish football match

Updated 52 min 4 sec ago
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13 hurt when car plows into crowd before Spanish football match

  • Police ruled case as an accident, described all injuries as "minor"
  • Driver arrested on suspicion of dangerous driving and causing injury

BARCELONA: At least 13 people were hurt when a driver lost control and plowed into a crowd gathered outside a football match between RCD Espanyol and city rivals FC Barcelona, police said on Thursday.
Police said people were hurt when the vehicle rammed into the crowd outside RCD Españyol soccer stadium in Barcelona at the start of the game.
Police added in a statement on social media site X that the incident did not present any danger to the crowd inside the stadium.
Salvador Illa, the Catalan regional president, said on Thursday all the injuries were “minor” and ruled out any deliberate attack.
The driver has been arrested on suspicion of dangerous driving and causing injury.