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Dec 19, 2011

North Korean Leader Jong Il KIM dead at 69: Son Takes Control of North

Jong il KIM is reported by the local and North Korean media as having died of a heart attack this last Saturday morning. 

The death has caused the Korean currency to decline by around 1.5% to the USD.  There are no signs that the change of power from the father to the son will lead to any issues in the North or South.  The political elite in the North are well taken care and are, thus, unlikely to consider disrupting the status quo.

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