Seoul, South Korea (CNN) — Joint military exercises between South Korea and the United States continued in the Yellow Sea on Monday as tensions with nearby North Korea continue to brew.

Several South Korean civilians and soldiers were wounded and many others were being evacuated to bunkers on an island hit by dozens of artillery shells fired by North Korea on Tuesday, a Seoul television reported.

North Korea appears to be more open to resuming six-nation talks on its nuclear program, U.S. academics and former officials said on Friday after meeting Ri Gun, Pyongyang’s second-ranking nuclear negotiator. No current State Department officials...

For Kim Jong Il’s birthday, North Korean insurance managers prepared a special gift. In Singapore, they stuffed $20 million in cash into two heavy-duty bags and sent them, via Beijing, to their leader in Pyongyang, said Kim Kwang Jin, who worked...

Financial markets in Asia have risen sharply, with the Nikkei gaining 13% in morning trading, and Sydney up 5%.