US - Korea

Chronology from Jan 2007 to Mar 2007

: U.S. and ROK military hold 12th Reception, Staging, Onward Movement and Integration and Foal Eagle exercises in South Korea.

: Deputy Assistant Secretary Glaser meets Chinese Foreign Ministry officials in Beijing to discuss the transfer of the frozen North Korean funds held at Banco Delta Asia to the Bank of China.

: Six-Party Talks abruptly adjourn after technical problems prevent the transfer of frozen funds in a Macau bank to North Korea.

: U.S. and North Korea agree on the release of $25 million in frozen funds in a Macau bank; Six-Party Talks open in Beijing.

: FM Song and Secretary Rice review the process of the Six-Party Talks working group discussions and the status of the KORUS FTA.

: IAEA head ElBaradei meets in Beijing with U.S., Japanese, and South Korean ambassadors in charge of North Korean nuclear issues to report on his visit to North Korea from March 13 to 14.

: Assistant Secretary Hill arrives in Beijing to attend the denuclearization working group, Northeast Asia security working group, and the next round of Six-Party Talks.

: U.S. Treasury finalizes a ruling against Banco Delta Asia that prohibits all U.S. financial institutions from maintaining correspondent accounts for BDA and prevents BDA from accessing the U.S. financial system. China expresses deep regret over Treasury’s decision. It also announces that treatment of the North Korean BDA account will be left to the discretion of the Macau authority.

: IAEA head Mohamed ElBaradei visits North Korea; President Roh calls for a new peace regime in Korea after the North Korea nuclear issue is settled.

: Prime Minister Abe reiterates “unfeigned apology” to the “comfort women” and that he stands by the Kono Statement – Japan’s acknowledgement and apology for Japan’s military direct involvement in the running of the “comfort stations” – on a Sunday morning NHK program

: The U.S. and North Korea hold working group meetings in New York to discuss North Korean nuclear arms programs, removal of North Korea from the U.S. list of state sponsors of terrorism, and normalization of relations.

: PM Abe says that there is no evidence or testimony that the Japanese military forced the so-called women to become sex slaves during World War II.

: Newly appointed Deputy Secretary of State John Negroponte travels to Japan, South Korea, and China to discuss Iran, Iraq, Afghanistan, North Korea, regional security, the war on terrorism, and trade.

: U.S. Treasury official Glaser meets Macau authorities to discuss Treasury Department findings on Banco Delta Asia.

: Defense Secretary Robert Gates and ROK Defense Minister Kim Jang-soo meet in Washington to reaffirm and to look at the future of the U.S.-ROK alliance. They agree that the Joint Forces Command will be disestablished on April 17, 2012.

: President Roh Moo-hyun tells South Korean residents in Spain that he welcomes the breakthrough agreement because a permanent peace regime will not only ease tensions in the region, but also strengthen South Korea’s global credit rating.

: Diplomats reach agreement at the Six-Party Talks on phasing in a denuclearization agreement for North Korea.

: The New York Times reports that the North Korea demand for huge amount of oil and energy in exchange for its nuclear weapons program nearly stalls the talks.

: Asahi Shimbun reports that during the January Berlin U.S.-DPRK bilateral meeting the parties signed a memorandum of understanding under which North Korea agreed to freeze its Yongbyon nuclear reactors for energy and economic assistance.

: The Six-Party Talks convene in Beijing. At the conclusion of the proceedings, a phased “action for action” agreement is reached.

: U.S. and South Korean negotiators meet to resolve differences on the relocation of U.S. military bases in South Korea.

: The U.S. and ROK hold Security Policy Initiative talks.

: U.S. Congressman Michael Honda (D-Ca) introduces nonbinding resolution in the House of Representatives calling for the Japanese government to apologize unambiguously for its role in the “comfort women” issue during World War II.

: Treasury Deputy Assistant Secretary for Terrorist Financing and Financial Crimes Daniel Glaser hosts financial talks to discuss Banco Delta Asia and counterfeiting concerns with DPRK officials at the U.S. Embassy in Beijing.

: U.S. and North Korean negotiators meet in Berlin to discuss the nuclear issue.

: U.S. and South Korean trade negotiators meet in Seoul to continue discussions on a free trade agreement.

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