To: TobagoJack who wrote (30442 ) 3/31/2003 12:15:31 AM From: elmatador Respond to of 74559 South Korea shows the way. This is how those things should be dealt with. S. Korea -which is on the line of fire- needs to build bridges. Integrated regional interests and you get less trouble. US don't need globalization? Well, the rest fo the world sees it a the way to surviev peacefully. Trading nations are vey little war-like. North Korea to issue bonds in 'sign of reform' By Andrew Ward in Seoul Published: March 28 2003 17:40 | Last Updated: March 28 2003 17:40 North Korea plans to issue its first government bonds for 50 years, in what some analysts say could be the first step towards restructuring the communist country's financial system. The move is the latest in a series of economic experiments by North Korea in recent months, raising hopes that the world's most rigid command economy could be moving towards a market system. news.ft.com Who profits from adventures? Who? The military caste with an eye on USD410 billion every year. One can't rely on this -should I say Forrestal aircraft carrier- to "protect" you. Only economic regional community of interests will garantee peace. S.Korea to Push Gas-For-Peace Deal with North Sun March 30, 2003 09:33 PM ET SEOUL (Reuters) - South Korea has proposed gas be piped from Russia to energy-starved North Korea in return for a verifiable end to its nuclear plans, the South's security chief told the Financial Times in an interview published on Monday. Ra Jong-yil, President Roh Moo-hyun's national security adviser, said the proposal was at an early stage and needed to be discussed with allies and North Korea. "Gas could be drawn from either Irkutsk (Siberia) or Sakhalin (east Russia)," the Financial Times quoted Ra as saying. Ra, who is scheduled to visit China and Russia this week, said the gas could fuel thermal power stations and provide a peaceful alternative to Pyongyang's nuclear program, which Washington has said was aimed at producing atomic weapons. The Financial Times said such an international deal, to be revealed by the South Korean government, could halt North Korea's nuclear weapons program. There was no immediate comment from the South Korean presidential Blue House. The Financial Times quoted analysts as saying the multi-billion-dollar scheme could be funded by the United States, its allies and the private sector, in return for a verifiable scrapping of nuclear activities. The pipeline would continue to South Korea to make the scheme more viable, the newspaper said. Russia, which shares a short border with North Korea, is already in talks with China and South Korea on a pipeline from Siberia's Kovykta gas field to China and undersea to the South, but not yet to the North. A gas-for-peace deal with North Korea would replace the failed 1994 Agreed Framework, under which the United States and its allies supplied North Korea with heavy fuel oil and agreed to build two proliferation-resistant nuclear reactors. In return, North Korea promised to halt its nuclear weapons program. Last October, Washington accused the North of running a parallel secret program aimed at creating weapons-grade plutonium. The North has since restarted a small reactor which it says is to produce electricity, but the United States says the reactor is too small to supply power to the country's creaking grid.