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N.Korea nuclear threat tops agenda for Biden-Yoon meeting in S.Korea

By Trevor Hunnicutt SEOUL (Reuters) -President Joe Biden and his new South Korean counterpart will search for ways on Saturday to break a diplomatic stalemate with North Korea, as...

By Trevor Hunnicutt

SEOUL (Reuters) -President Joe Biden and his new South Korean counterpart will search for ways on Saturday to break a diplomatic stalemate with North Korea, as they worry Kim Jong Un could lash out with new nuclear tests.

Biden and Yoon Suk-yeol will meet in Seoul for their first diplomatic engagement since the South Korean president's inauguration 11 days ago. The friendly encounter between allies is clouded by U.S. intelligence showing North Korean leader Kim is prepared to launch nuclear or missile tests.

A senior Biden administration official told reporters on Saturday that the two leaders will discuss nuclear cooperation and that Washington remains ready for diplomacy with North Korea.

"It is very much our desire that we find ways to have a diplomatic approach," the official said. "We have made very clear we're prepared to talk to them, and with no preconditions, and we're also prepared to take steps to address their domestic challenges, including COVID."

But it was unclear how Biden and Yoon would jumpstart talks with the North Koreans, who have rebuffed Washington's efforts at engagement since Biden took office last year.

Yoon has signalled a tougher line on North Korea than his predecessor and is expected to ask for Biden's help. Yoon has warned of a preemptive strike if there is a sign of an imminent attack and vowed to strengthen the South's deterrent capability.

North Korea's first acknowledged COVID-19 outbreak, which the U.S. official described as "quite serious", may provide an opening.

"We are very concerned about the COVID situation," the official said. "We are very sensitive to the fact that they appear to be facing a quite serious situation, and I think you've seen we stand ready to work with others in the international community as needed to provide assistance."

North Korea reported more than 200,000 new patients suffering from fever for a fifth consecutive day on Saturday, but the country has little in the way of vaccines or modern treatment for the pandemic.

That has raised the prospect of a diplomatic opening as well as a humanitarian crisis or the prospect of deadlier new COVID variants, health officials have said.

Washington has ruled out sending vaccines directly to the country but Yoon may push Biden to do so. North Korea has not accepted offers of COVID help from South Korea, the United States and international vaccine sharing agencies.

A North Korean weapons test could overshadow Biden's broader trip focus on China, trade and other regional issues.

Countering China's presence in the region is a key Biden theme on the trip, but South Korea is likely to strike a cautious tone in public on the topic given Beijing is Seoul's top trading partner.

Biden also plans to use the visit to tout investments in the United States by Korean companies, including a move by South Korea's Hyundai Motor Group to invest about $5.54 billion to build its first dedicated full electric vehicle and battery manufacturing facilities in the United States.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

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EUR/USD

1.0658

-0.0008 (-0.07%)

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GBP/USD

1.2475

-0.0015 (-0.12%)

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USD/JPY

157.91

+0.12 (+0.07%)

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↑ Buy

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AUD/USD

0.6469

-0.0003 (-0.05%)

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Neutral

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USD/CAD

1.3780

+0.0003 (+0.03%)

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EUR/JPY

168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

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Gold Futures

2,295.80

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Silver Futures

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Copper Futures

4.5305

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85.62

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US Coffee C Futures

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Euro Stoxx 50

4,920.55

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S&P 500

5,035.69

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DAX

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FTSE 100

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Hang Seng

17,763.03

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US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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IBEX 35

10,854.40

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BASF SE NA O.N.

49.155

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Bayer AG NA

27.35

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Allianz SE VNA O.N.

266.60

+0.30 (+0.11%)

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Adidas AG

226.40

-5.90 (-2.54%)

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Deutsche Lufthansa AG

6.714

-0.028 (-0.42%)

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Siemens AG Class N

175.90

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Deutsche Bank AG

15.010

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
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SJC 1c, 2c, 5c7,380/ 7,550
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SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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RON 95-V25.44025.940
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EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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