It is too early to know what will be the fate of North Korea following the death of its “beloved great leader”, Kim Jung Il. For now, markets around the world (especially in Asia) are down amid uncertainty surrounding his succession. But markets are largely expected to calm over the next few days as Kim’s 28-year-old son, Kim Jung Un, takes full control of the country. While little is known about Un, his youth and international experience could be just what the nation needs to shake off its reclusive past and enter the world economic community. There has only been one leadership succession in North Korea. Back in ... (full story)