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The goal of this week's two-day summit in Seoul, South Korea, is to create a joint plan to rebalance the global economy. But tensions are building over currency manipulation and trade, and the U.S. Federal Reserve’s decision to flood the economy with more money through quantitative easing hasn't helped.

President Obama on Tuesday heralded a "comprehensive partnership" between the United States and Indonesia, a fast-growing country with the world's largest Muslim population.

The recent emergence of Kim Jong Un as the designated successor to North Korean leader Kim Jong Il once again put the spotlight on the secretive communist nation. Yet little has been said about U.S. efforts to re-engage North Korea.

In the first public confirmation of the succession plan, a top official in the ruling party indicated to broadcaster APTN that Kim Jong Il's youngest son will succeed him as leader of the reclusive communist nation.

In a sign of easing tension between the divided countries, South Korea plans to send $8.5 million in relief assistance, including 5,000 tons of rice, to help the North recover from heavy flooding that swamped farmland, houses and public buildings in its northwest last month.

A batch of newly declassified CIA documents indicates the United States and the South Korean government were caught unprepared for the conflict, in part because of intelligence failures and mistaken assumptions. Arguably, the United States is still paying the price for the intelligence blunders of 60 years ago.

Traditionally, North Korea is perceived as being in complete isolation from the rest of the world. But increasingly another picture is emerging. Chinese traders and South Korean aid workers are providing North Koreans with links to -- and information about -- the world beyond their borders.

A range of theories exists as to why North Korea may have torpedoed a South Korean navy vessel in March -- but it's all speculation. U.S. intelligence officials freely admit they don't understand the country very well.

The secretary of state visited South Korea amid rising tensions with the North, calling on Pyongyang to halt its provocations while announcing plans for joint military exercises with the South "to deter future attacks." Hostilities have reignited on the Korean peninsula after Seoul accused the North of an attack on a ship that killed 46 sailors.

U.S. Secretary of State Hillary Clinton said Wednesday the world must respond to the sinking of a South Korean warship that has been blamed on North Korea.