North Korea's Kim Jung Un invites South Korean president for summit

U.N. Secretary General Antonio Guterres clinks glasses with North Korea's ceremonial head of state Kim Yong-nam, and South Korean President Moon Jae-in during a reception at the opening of the Winter Olympics in PyeongChang South Korea

The politically-charged arena also featured Kim Yo-jong, sister of North Korean leader Kim Jong-un, and Kim Yong-nam, Pyongyang's nominal head of state, in attendance.

Kim is an honorary ambassador of the PyeongChang Winter Olympics and the 2010 Winter Olympics women's figure skating gold medalist.

Moon had said "let's create conditions to make it happen", the official said, an indication that Moon was likely to accept the invitation.

"The North Koreans should understand that for a summit or any kind of serious talks to occur, Moon needs to be able to take something to Washington - something that addresses denuclearization", he said before the North's invitation to Moon was announced.

The North has sent almost 500 people to the Pyeongchang Games, including officials, athletes, artists and also a 230-member state-trained cheering group after the Koreas agreed to a series of conciliatory gestures for the games. The spokesman said Moon also called for a quick resumption of dialogue between the United States and North Korea.

The smiles and handshakes were friendlier than some of the North's past history with the complex - in 1968 Pyongyang sent commandos to attack it to try to assassinate the South's then leader.

Pyongyang conducted its largest nuclear test past year and said it had developed a missile capable of carrying a warhead to the United States.

Reuters reported Saturday that newfound cooperation between the two countries, which do not now have a diplomatic relationship, began as a result of the South's willingness to allow the North to participate in the Olympic Games activities now being hosted in South Korea.

But as the peninsula tries to de-escalate the threat of nuclear war, U.S. Vice President Mike Pence warned the U.S.is slated to impose another round of sanctions against North Korea.

Swiggy raises $100 million in funding from global players
Illg stated Swiggy's performance was impressive given the "intense competition" in the Indian food-ordering and delivery sector. Swiggy and Zomato had survived the foodtech battle and bloodbath of 2016, which had gobbled up TinyOwl, Dazo, and others.

Omarosa Says She Was 'Haunted By Tweets' In Trump's White Home
On the show, Mathews told her that he "never got" why she joined the White House. "No, it's gonna not be OK", she said . Watch the full conversation between Matthews and Newman in the preview clip from "Celebrity Big Brother " below.

Mortgage rates jump again in Freddie Mac survey
Treasurys - an investment that's suddenly become as the federal government plans massive deficit spending and inflation picks up. In his statement, Becker said that the sell-off in equity markets supported a swift decline in mortgage rates.

Moon is desperate to use the games as an opportunity to restore regular communication with North Korea and eventually pull it into talks over resolving the global standoff over its nuclear program. But the North Korean cheerleading squad there to support the team?

Hundreds of Twitter users in recent days have referred to "Pyongyang2018", and while some were making a dig at the presence of North Korea at the Games, in many cases it appears to have been a simple mix-up. The United States fought with South Korea and maintains tens of thousands of troops and an "ironclad" agreement to protect its ally.

Still, it wouldn't be South Korea if people weren't asking the perennial question when it comes to North Korea changing gears and showering its rival with apparent affection: What's in it for Pyongyang?

After months of silence on whether it would even take part in the Pyeongchang Winter Olympics in the South, the Games have driven a rapprochement on the peninsula, while the North's athletes, performers and delegates have dominated the headlines.

At the opening ceremonies on Friday, Pence sat stone-faced in his seat as Moon and North Korean officials stood together with much of the stadium to applaud their joint team of athletes.

It was an extremely rare move as the two nations remain technically at war after the 1950-53 Korean War ended in a cease-fire.

They were on both sides of the ice, chanting back and forth.

She was joined in the meeting by Kim Yong Nam, another influential North Korean official, and wore a pin with the images of her father and grandfather - the North's previous leaders.

Related:

  • Pence didn't snub North Koreans deliberately, officials say

    Pence didn't snub North Koreans deliberately, officials say

    He left the event early to attend a pre-scheduled dinner with American athletes, according to the South Korean president's office. Moon hoped to use the Olympics to ease tensions and North Korea agreed to send high-profile officials as well as athletes.
    Chris Wilder relieved after Sheffield United return to winning ways

    Chris Wilder relieved after Sheffield United return to winning ways

    Lee Evans was lucky to stay on the field after a mistimed, studs up lunge on Alioski. They were keeping possession, playing forward and putting us under pressure.

    Joules Group's (JOUL) Buy Rating Reiterated at Liberum Capital

    The stock of Zions Bancorporation (NASDAQ:ZION) earned "Mkt Perform" rating by Raymond James on Thursday, October 6. The stock of On the Beach Group plc (LON:OTB) has "Buy" rating given on Monday, October 2 by Numis Securities.
  • Lindsey Vonn overcomes grief to reach Olympics

    Lindsey Vonn overcomes grief to reach Olympics

    As of mid-January, he put together a five-slalom winning streak. "I've spent many a Christmas in hotel rooms by myself", she says. Lindsey Vonn broke down in tears on Friday as she vowed to win a second Olympic gold medal in the memory of her late grandfather.
    The Newest: White Home names alternative for ex-aide Porter

    The Newest: White Home names alternative for ex-aide Porter

    As White House staff secretary, Porter was responsible for reviewing all documents signed by the president. The allegations about Porter and the White House's response to them have rocked the White House.
    Wall Street tumbles as inflation fears grow

    Wall Street tumbles as inflation fears grow

    Nine of the 11 major S&P sectors were lower, with the industrials index's 0.57 per cent fall in early trade leading the decliners. The weeklong rout marks a stark turnabout in investors' mood from just two weeks ago, when indexes set their latest record highs.
  • No Olympic truce for US, North Korea in Pyeongchang

    No Olympic truce for US, North Korea in Pyeongchang

    Earlier, Moon warmly greeted North Korea's 90-year-old nominal head of state, Kim Yong Nam, as they attended the VIP reception. Pence, who is leading the U.S. delegation to the Olympics, has accused Pyongyang of using the event for its own ends.
    Regal Investment Advisors LLC Invests $209000 in Cameco Corp (CCJ) Stock

    Regal Investment Advisors LLC Invests $209000 in Cameco Corp (CCJ) Stock

    TheStreet cut shares of Cameco from a "c" rating to a "d+" rating in a research report on Friday, October 27th. Finally, APG Asset Management N.V. boosted its position in shares of Cameco by 17.1% during the 4th quarter.
    Justin Trudeau's motorcade concerned in collision in LA

    Justin Trudeau's motorcade concerned in collision in LA

    Yet, even the tech-friendly Trudeau has his limits when it comes to accommodating the industry. And in Los Angeles, he'll speak at the Ronald Reagan Presidential Foundation and Institute.
  • Yellowstone Partners LLC Takes $302000 Position in Wal-Mart Stores Inc (WMT)

    Hirtle Callaghan And Company Ltd Liability Corporation holds 5,246 shares or 0.04% of its portfolio. (NYSE:NVR) for 210 shares. The Pennsylvania-based Gardner Russo And Gardner Ltd has invested 0% in Walmart Inc. (NYSE:NVR) was sold by DONAHUE TIMOTHY M.

    Kim Jong Un Invites South Korean President Moon Jae-in To Pyongyang

    That said, these officials said that if the North Koreans had approached Pence with pleasantries, he would have responded in kind. North and South Korea are technically still at war after their 1950-53 conflict ended in a truce rather than a peace treaty.

    Express Scripts Holding (ESRX) Shares Sold by MAI Capital Management

    While take a short look on price to sales ratio, that was 0.44 and price to earning ration of 12.50 attracting passive investors. Sterling Cap Mgmt Llc has 0% invested in Express Scripts Holding Company (NASDAQ:ESRX). 494,869 were accumulated by Hexavest.

Comments

Latest news

Guardiola goads Neville; 'hopes' Mahrez plays v Man City
He loves his team-mates, and that's important. "I hope he can get his head right and come back with us and work hard". "I hope he comes back soon to play football", Guardiola said.

Unai Emery: "Ronaldo and Madrid deliver in big games"
Neymar has 18 goals and 11 assists in 17 Ligue 1 appearances this campaign and is preparing to down Real Madrid in the Champions League next week.

US Congress passes budget deal, ending brief shutdown (Second Lead)
The same can not be said for the House, however, as more opponents are emerging from both sides of the aisle for varying reasons. Paul's actions in the hours leading up to the federal government officially running out of funding drew bipartisan condemnation.

Korean hostility thaws at Winter Olympics
Rumors are swirling that she could be carrying an offer for Moon to travel to North Korea. North Korea has jumped at the opportunity.

Vanguard Total Stock Market ETF (VTI) Rises 1.37% for Feb 10
ILLEGAL ACTIVITY WARNING: This article was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. Finally, Betterment LLC raised its position in shares of Vanguard Total Bond Market ETF by 12.4% in the 3rd quarter.

Moon, N. Korean Official to Watch Hockey Match Together
However, analyst Robert E Kelly of Pusan National University tweeted that the inter-Korean relations would "return to form" . Pence has been waging a campaign to stop the North from "hijacking" the Olympics with its charm offensive.

ADM profit rises on demand in agriculture, corn businesses and tax benefit
It increased, as 45 investors sold ADM shares while 180 reduced holdings. 61 funds opened positions while 211 raised stakes. The stock of Archer-Daniels-Midland Company (NYSE:ADM) has "Hold" rating given on Friday, September 29 by Piper Jaffray.

Senate reaches spending deal that includes opioid funding, CHIP extension
Votes haven't yet been scheduled and McConnell and Schumer said they still have a few more details to work out. Both parties generally support the centers, but the debate has been caught up in broader budget battles.

IndiGo Withdraws Three A320 Neo Planes From Service Over Engine Alert
A320neo operators with Pratt & Whitney engines have been plagued by reliability issues since they began flying passengers in 2016. The engine issue has been linked to "several" reports of "in-flight shutdown", European officials say.

Winter Olympics 2018: CAS upholds Russian ban
After reading the statement, Reeb immediately walked off the stage and did not take any questions from reporters. The IOC is refusing to invite 13 of the 28 athletes that are still active to Pyeongchang.

Vetr Downgrades Bristol-Myers Squibb (BMY) to Sell
Cowen & Co has "Hold" rating and $6500 target. (NYSE:ABBV) has "Hold" rating given on Friday, April 28 by BMO Capital Markets. It improved, as 62 investors sold BMY shares while 519 reduced holdings. 117 funds opened positions while 547 raised stakes.

Worth Watching Stock Discovery Communications, Inc. (DISCA)
The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . The average Wall Street analyst rating for Discovery Communications, Inc.is Hold, according to the average of 2 analyst scores.

Troubles mount for Manikarnika as Brahmin groups threaten its release
In fact, Kamal also offered sharing the script of Manikarnika with authorised persons, who were doubtful about the authenticity. Talking further about the movie, he said, "The character of Rani Laxmibai is the most revered and respectable one".

Girl, 11, dies after being stabbed at her home in Wolverhampton
A woman in her 80s is believed to have suffered a dislocated shoulder in the fracas and has also been taken to hospital. One neighbour, who did not want to be named, said: "I was awoken by the sound of the grandmother screaming".

McConnell announces budget deal to avoid government shutdown
The spending bill would modify the discretionary spending caps enforced by the Budget Control Act for fiscal years 2018 and 2019. He says non-military spending "will never come down" without electing more Republicans in the 2018 elections. "We'll see.

Other news