S.Korea consumer sentiment lowest in 5 months

Lester Mason
September 26, 2017

He said there are still challenges standing between the neighbors, apparently pointing to the recent rifts over the installation of an advanced USA missile defense system called THAAD in South Korea, but placed more emphasis on efforts to get them over.

South Korea's Foreign Minister Kang Kyung-ha also said continued co-operation between Seoul and Washington was vital in the current climate.

"That is our goal, to solve this diplomatically, and I believe that President Trump has been very clear on this issue", he said. She advocated for a "maximum pressure" and strong sanctions as a "diplomatic tool" to convince Pyongyang to return to the negotiating table for a "denuclearization total, verifiable and irreversible" of the Korean peninsula.

South Korea's consumer sentiment index eased to a five-month low in September, a central bank survey showed on Tuesday, as escalating tensions between North Korea and the United States weighed on confidence.

US Air Force B-1B Lancer bombers flew in worldwide airspace off North Korea's eastern coast in the latest show of force against the isolated country.

North Korea's foreign minister said on Monday that US President Donald Trump had declared war on North Korea and that Pyongyang reserved the right to take countermeasures, including shooting down US bombers even if they are not in its air space.

"It is imperative that we, South Korea and the United States, together, can manage the situation (...) so as to avoid an escalation of future tensions or military confrontations accidental that could quickly escalate", she added in a speech to the think-tank Center for Strategic and International Studies.

Other reports by Iphone Fresh

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