Standstill Agreement Reuters

WASHINGTON (Reuters) – The United States has asked South Korea and Japan to consider signing a “status quo agreement” on a serious diplomatic dispute to give countries time to negotiate, a senior U.S. official told reporters on Tuesday. A senior U.S. official told reporters Tuesday that the U.S. is pressing South Korea and Japan to reach a “status quo agreement” to give the parties more time to continue negotiations. Suga, however, denied reports that the United States had asked Japan and South Korea to consider signing a time-purchase agreement. Meanwhile, members of Japanese and South Korean parliamentary groups met in Tokyo on Wednesday to discuss ways to deal with escalating tensions. The meeting took place at the request of an association of South Korean legislators that promotes relations with Japan under the leadership of Kang Chang-il. The proposed status quo would not resolve any of the differences between the two countries, but would prevent further measures for a period of time to allow for discussions, the official said. The length of the proposed agreement has not been fixed, the official said. “It`s encouraging that the administration is finally getting involved,” she said. “A dead end could be a useful first step towards de-escalating tensions.” (Reuters) – A group of investors in GameStop Corp on Thursday asked the video game distributor to appoint a Nominee shareholder to its board of directors, after a one-year shutdown contract with the company did not publicly express concerns recently expired. Last April, the group signed an agreement with GameStop, which prevented it from publicly expressing concerns about the company and its performance after some of its demands were met.

The United States is closely following the dispute, particularly before a deadline of August 24, when the two countries re-commit to an annual information-sharing agreement. Report by Roberta Rampton; Shares of Dan Grebler and Leslie Adler fell nearly 12% in pre-market trading. Earlier this month, President Donald Trump said he wanted to help ease tensions between the two major U.S. allies in Asia. White House National Security Adviser John Bolton visited both countries last week for talks.

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