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Two Koreas exchange letters, agree to rebuild ties
Jeong-Ho Lee and Shinhye Kang
Bloomberg
North Korea’s Kim Jong Un and South Korea’s Moon Jae-in agreed in letters to restore relations, improving the prospects for a breakthrough in an extended stalemate in nuclear talks.
The two Koreas released what appeared to be coordinated statements Tuesday calling for reconciliation on the peninsula, with state media in Pyongyang saying that they agreed “to make a big stride in recovering the mutual trust.” Both sides reopened hotlines that had been silent since a flare-up a year ago, when Kim’s regime symbolically blew up a liaison office funded by Moon’s government.
By Bloomberg• 27 July 2021
Caption
A man wearing a T-shirt with the words Korea Army looks across to the North Korean side of the border at the Imjingak pavilion near the Demilitarized Zone (DMZ) in Paju, South Korea, on Wednesday, June 17, 2020. North Korea said it would deploy troops into areas on its side of the border where it had joint projects with South Korea, further escalating tensions with its neighbor a day after destroying a liaison office the two once shared. Photographer: SeongJoon Cho/Bloomberg
Newsdeck
By Bloomberg• 27 July 2021
Caption
A man wearing a T-shirt with the words Korea Army looks across to the North Korean side of the border at the Imjingak pavilion near the Demilitarized Zone (DMZ) in Paju, South Korea, on Wednesday, June 17, 2020. North Korea said it would deploy troops into areas on its side of the border where it had joint projects with South Korea, further escalating tensions with its neighbor a day after destroying a liaison office the
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SK Hynix Wins Europe’s Approval for $9 Billion Intel Unit Deal If Hynix gets signoffs from the remaining governments, it will cement its position as the largest Nand producer after Samsung.
Bloomberg | May 21, 2021
Shinhye Kang (Bloomberg) European regulators cleared SK Hynix Inc.’s $9 billion acquisition of Intel Corp.’s Nand storage unit, taking another step toward sealing a deal to strengthen the Asian chipmaker’s position in the booming memory market.
The European Commission has granted approval for the acquisition, the regulator said in a statement Friday. Hynix had earlier secured a greenlight from U.S. regulators and awaits approval from the U.K. and China. Icheon, South Korea-based Hynix, which announced the deal in October, is trying to win approval from the remaining countries this year.