Updates concerning Park Chung Hee's New Years speech on peaceful unification, Red Cross negotiations, and ROK refusal of dual admission of the Koreas into the UN, and the 14th preliminary North-South Red Cross negotiations.

Ozbudun sends Narasimhan a letter on North-South 'Doctrine of Parallelism'.

Ozbudun sends Narasimhan reports on the 27th session of the General Assembly and the deadlock on the Red Cross talks, views on the new Korean agenda item, significant statements by ROK officials on the Korean Question, report of UNCURK, reported initiative of Switzerland, remarks by Prime Minister on Korean Question, the text of the statement of the Minister of Foreign Affairs on July 24, 1972, Red Cross talks, the presidential emergency order, and other matters.

Ozbudun sends Narasimhan a report on UNCURK's visit with the president and ROK government's posture on the Korean Question.

UNCURK members meet with Kim Dae Jung, who states his key issues for the election: ROK democracy, corruption within intelligence collection, suppression of opposition parties by the ruling party, and unification. UNCURK member observe that Kim's party is weak because of party factionalism. Additionally, President Park Chung Hee announces his run for third term and emphasizes economic and political stability.

In connection with the general election, the questions of President Park' Chung Hees electability, unification, and campaign finances are discussed.