US VP Pence Traveling to South Korea on Sunday

U.S. Vice President Mike Pence will travel to South Korea on Sunday in what his aides said was a sign of the U.S. commitment to its ally in the face of rising tensions over North Korea’s nuclear
program.

Pence’s Seoul stop kicks off a long-planned 10-day trip to Asia — his first as vice president — and comes amid concerns that Pyongyang could soon conduct its sixth nuclear test.

President Donald Trump has warned against further provocations, sending an aircraft carrier group to the region as a show of force. His officials have been assessing tougher economic sanctions as well as military options to curb North Korea’s nuclear ambitions.

Pence plans to celebrate Easter with U.S. and Korean troops on Sunday before talks on Monday with acting President Hwang Kyo-ahn.

“We’re going to consult with the Republic of Korea on North Korea’s efforts to advance its ballistic missile and its nuclear program,” a White House foreign policy adviser told reporters, previewing Pence’s trip.

Pence will land in Seoul the day after North Korea’s biggest national day, the “Day of the Sun.” The White House has contingency plans for Pence’s trip should it coincide with a another North Korean nuclear test by its leader Kim Jong Un, the adviser said.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza