Accounting Midterm

Accounting Midterm

Accounting Midterm

While Secretary of State Hillary Clinton is in Vietnam for a South East Asian Security Forum tensions continue to rise between North and South Korea. Sparked by the March sinking of the South Korean naval vessel Cheonan and subsequent allegations of a North Korean submarine torpedo attack in that sinking relations between the US-South Korea and North Korea have deteriorated. Tensions have reached a new zenith with announcements of a joint US-North Korean naval exercise planned for the 22 July 2010 weekend. North Korea has repeatedly denied any part in the sinking of the Cheonan and has threatened retaliation for the naval exercises which it brands as threatening.

North Korea Denies Involvement

In the July 22 2010 edition of Korean News (a state sanctioned North Korean internet news source) North Korea claims that Ri Jong In, a South Korean diving technology firm has confirmed that the Cheonan was broken in half by water filling the vessel after the hull was penetrated by running into rocks. The North Korean Foreign Ministry maintains that the allegations of a torpedo attack are a ploy by the US Government to force the Japanese people to reconsider the movement to push American military from Okinawa and to bolster a mid-term election outcome for a faltering Democratic Congress.

North Korea further condemns economic sanctions imposed by the US and a joint naval exercise which it (North Korea) brands as 'gunboat diplomacy'. Ri Tong Il, North Korean delegate to the 17th ASEAN Forum Retreat in Hanoi, Vietnam told reporters that the exercises will be "another expression of hostile policy against" North Korea. "There will be physical response against the threat imposed by the United States militarily,".


Posted by Admin on February 07, 2012 - 9:28 pm Posted in tax accounting jobs
  • Accounting Midterm

    Accounting Midterm

    Accounting Midterm

  • Search