Our top story this lunchtime
The United States and China have finally reached an agreement on the UN Security Council's new sanctions on North Korea following its recent missile and nuclear tests.
This raises the likelihood of the draft resolution being sealed soon.
Let's connect live to our Foreign Affairs correspondent Kwon Soa at Seoul's Foreign Ministry.
Soa, fill us in
Hi Mark, the White House has confirmed within the last two hours or so that the U.S. and China have agreed on the draft resolution that's been under discussion for several weeks now.
This is a breakthrough, as the two superpowers not only wield veto power on the council, but were the two countries that have been clashing most about the level of sanctions to be levied on Pyongyang.
The White House did not give details on the agreement, but said in a statement that it "goes beyond previous resolutions."
It also mentioned that Chinese President Xi Jinping will attend the Nuclear Security Summit in Washington late next month.
China's Foreign Minister Wang Yi is currently in the U.S., and has held meetings with U.S. Secretary of State John Kerry and U.S. National Security Adviser Susan Rice, during which the two sides held final discussions on the UN sanctions.
Now, there's a chance the resolution could be adopted as early as Friday, but it should almost certainly be approved before the month is out after the other 13 members of the council have given their final "yes" votes.
So, the White House did not elaborate on the type of sanctions, but are we hearing any unofficial word out of Washington, Beijing, or the UN headquarters?
Unnamed sources say that, while the exact details are not yet available, the resolution does include the strongest punitive measures yet.
According to reports, three of North Korea's key agencies, the General Reconnaissance Bureau, which is in charge of intelligence operations, and the Ministry of Atomic Energy Industry and the National Aerospace Development Administration, which oversee the regime's nuclear and missile programs are expected to be sanctioned.
In total, around 30 individuals and entities are said to become targets.
A ban on imports of coal, iron and other minerals from the North, one of Pyongyang's biggest sources of cold, harsh cash could also be included.
That's all I have for now, this has been Kwon Soa from Seoul's Foreign Affairs Ministry. Mark