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South Korea, U.S. Halt Talks on Nuclear Energy Cooperation

IN THIS ISSUE: S. Korea, US halt nuclear energy cooperation talks, Iran's rial hits all-time low, Germany uncovers illegal exports to Iran, nuclear firms seek eased export rules as US demand wanes, EU nuclear plant stress tests leaked, N. Korean diplomat threatens nuke war on Peninsula at UN speech.

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Published on October 2, 2012

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In This Issue
South Korea, U.S. Halt Talks on Nuclear Energy Cooperation
Yonhap News
Iran's Currency Hits All-Time Low as Western Sanctions Take Their Toll
Guardian
German Investigators Uncover Illegal Exports to Iran
Der Spiegel
Nuclear Firms Seek Eased Export Rules as U.S. Demand Wanes
Bloomberg News
EU Nuclear Plant Stress Tests Leaked, Improvements Due
Deutsche Welle
North Korean Diplomat Threatens Nuke War on Peninsula at UN Speech
Korea Times

South Korea, U.S. Halt Talks on Nuclear Energy Cooperation

Lee Chi-dong | Yonhap News

Lee Myung-bak

South Korea and the United States have called a halt to their sensitive negotiation on future nuclear energy cooperation, an informed source here said Thursday. "Actual talks are deemed difficult this year," said the source well versed in the issue, requesting anonymity.

South Korea's Lee Myung-bak government "has decided to pass negotiations to the next administration," added the source. Lee is to retire in February. Seoul instead plans to focus on efforts to publicize its position on the matter for the time being, the source said.   Full Article



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Iran's Currency Hits All-Time Low as Western Sanctions Take Their Toll
Saeed Kamali Dehghan and Julian Borger | Guardian
Iranians are suffering their worst financial crisis since the Iran-Iraq war in the 1980s, with the national currency hitting an all-time low and the prices of staple goods soaring. With the Iranian economy crumbling under escalating western sanctions, the rial was sent into a tailspin on Monday.    Full Article

German Investigators Uncover Illegal Exports to Iran
Cathrin Gilbert, Holger Stark, and Andreas Ulrich | Der Spiegel
Recent arrests suggest that Germany remains a hub for sales of prohibited supplies to Iran that are being used in Iran's nuclear program. Illegal exports are undermining Chancellor Angela Merkel, who has pursued an embargo policy in order to prevent a possible war in the Middle East.    Full Article

Nuclear Firms Seek Eased Export Rules as U.S. Demand Wanes
Brian Wingfield | Bloomberg News
The U.S. nuclear-power industry is seeking to ease export restrictions so it can sell equipment and technology to nations including China and Russia as domestic demand wanes for reactors. Regulations unchanged since the end of the Cold War impede U.S. companies in gaining export licenses, putting suppliers at a global disadvantage.    Full Article

EU Nuclear Plant Stress Tests Leaked, Improvements Due
Deutsche Welle
European stress tests on nuclear power plants in the EU have identified room for improvement at almost all the bloc's reactors. Yet Energy Commissioner Günther Oettinger described the overall situation as "satisfactory." The nuclear stress tests were not due to be presented to EU leaders until their next summit in mid-October.     Full Article

North Korean Diplomat Threatens Nuke War on Peninsula at UN Speech
Korea Times
A senior North Korean diplomat on Monday warned of a nuclear war on the peninsula, saying it has become the most dangerous zone in the world. Addressing a U.N. General Assembly session, North Korean Vice Foreign Minister Pak Kil-yon put the blame on South Korea's conservative government for "the worst" inter-Korean ties.    Full Article

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

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