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Kim Jong Il Death Sparks North Korea Succession as South Braces for Impact

Posted by Forexsq 156 days ago (http://www.bloomberg.com)
img ForexSQ.com - North Korea said its people and military back Kim Jong Un, the little-known third son of Kim Jong Il, as leader as uncertainty around the political succession on a peninsula where 1.7 million troops are stationed unsettled stock markets from Seoul to Hong Kong.
Kim Jong Il died Dec. 17 from a heart attack brought on by mental and physical strain, the official Korean Central News Agency said today, bringing an end to a 17-year tenure in which North Korea built nuclear weapons while some 2 million of its people died from famine. State media urged citizens to “loyally follow” Jong Un, who is at the “forefront of the revolution.”

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