South Korea’s Moon: There will be no war on Korean peninsula

South Korean President Moon Jae-In, delivers a speech during celebrations of the 72th anniversary of Korea's Independence Day from Japanese colonial rule in 1945 in Seoul, South Korea, in this August 15, 2017 photo. (REUTERS)
Updated 17 August 2017
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South Korea’s Moon: There will be no war on Korean peninsula

SEOUL: There will be no war on the Korean peninsula, South Korean President Moon Jae-In said Thursday, despite high tensions over the North’s nuclear and missile programs.
“All South Koreans have worked so hard together to rebuild the country from the ruins of the Korean War,” Moon told a press conference marking his first 100 days in office.
“I will prevent war at all cost,” he added. “So I want all South Koreans to believe with confidence that there will be no war.”
Tensions have soared with Pyongyang threatening to send a salvo of missiles toward the US territory of Guam — although it appears to have backed off for now. US President Donald Trump has promised “fire and fury” and said that Washington’s weapons were “locked and loaded.”
The intense rhetoric on both sides has raised fears of a miscalculation leading to catastrophic consequences — Pyongyang has vast artillery forces deployed within range of Seoul, where millions of people live.
But Moon said Seoul effectively had a veto on military action by the US, its security ally and protector.
“No one can make a decision on military action on the Korean peninsula without our agreement,” he said.
“The US and President Trump also said, no matter what option they take about North Korea, all decisions will be made after consulting with and getting agreement with the Republic of Korea.”


Almost $30 million seized in raids linked to Malaysian ex-PM

Updated 2 min 59 sec ago
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Almost $30 million seized in raids linked to Malaysian ex-PM

  • The money was seized along with 284 boxes containing designer handbags, as well as watches and jewelry from a condominium in Kuala Lumpur
  • Public disgust at allegations of corruption swirling around Najib was a major factor for the loss

KUALA LUMPUR: Malaysian police said Friday they found cash amounting to almost $30 million in a raid on a luxury apartment as they probed corruption allegations swirling around ousted leader Najib Razak.
The money was seized along with 284 boxes containing designer handbags, as well as watches and jewelry from a condominium in Kuala Lumpur, which was raided along with Najib’s home and other sites last week.
Najib’s coalition was thrown out of power for the first time in over six decades in the May 9 poll, defeated by a reformist alliance headed by his former mentor Mahathir Mohamad.
Public disgust at allegations of corruption swirling around Najib was a major factor for the loss, with the ex-leader, his family and cronies accused of looting billions of dollars from sovereign wealth fund 1MDB.
There has been much speculation about what the seized goods consisted of and their value after five trucks were reportedly brought in to help move the vast stash.
Giving an update, the police’s head of commercial crime Amar Singh said: “From the money found, there were 26 currencies, the total amount as of yesterday is 114 million ($28.6 million).”
The money was found in 35 bags while another 37 bags contained watches and jewelry, he told a press conference. The value of other items will be calculated later, he said.
The seizure of the luxury goods added to public scorn of Najib’s wife Rosmah Mansor, long reviled by Malaysians for her perceived haughty demeanour and reported vast collection of designer bags, clothing and jewelry.
Her love of overseas shopping trips, as middle class Malaysians struggle with rising living costs, added to a sense of spreading, deeply-entrenched rot in the country’s long-ruling elite.
The couple’s fall from grace has been swift and hard.
They have been barred from leaving the country and the ex-premier has been questioned by anti-graft investigators over claims 1MDB money ended up in his bank accounts, and looks likely to be charged.
Najib and the fund deny any wrongdoing.